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Virridy, a developer of technologies for monitoring and managing water, energy, and agricultural resources, has raised $5.5 million series A funding in a round led by Accord Capital to expand its offering across Africa and North America. The round also had the participation of a number of existing investors including FHI 360, Cleo Capital, Reverent…
In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in…
A McKinsey and Co. study suggests that while sub-Saharan Africa has the potential to increase (even triple) its agricultural output and overall contribution to the economy, the sector remains untapped largely due to lack of access to quality farm inputs, up to par infrastructure like warehousing and market. This is in an economy that derives…
Global digital payments giant Visa has opened up an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco and Singapore. The studio will bring together developers, Visa’s internal and external clients, and other partners to co-create payment and commerce solutions. “Sub-Saharan Africa is a fast-growing…
Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. This is after raising $40 million in Series B funding in a round led…
In the past one decade, a $1 billion jobs market — microwork — has emerged around technologies that split activities into piecemeal tasks to be completed by many people over the internet, mostly using mobile devices. The allure of microwork opportunities has grown to capture the interest of Africa’s youth, who stand to earn up…