Daba Africa Weekly - Episode 3 - February 18th 2023
Daba's #Africa Weekly is your go-to source for the latest and greatest #investment [https://www.youtube.com/hashtag/investment] #news [https://www.youtube.com/hashtag/news] from the African continent. Each weekend, we bring you a comprehensive rundown of the biggest stories and trends shaping the world of finance and business in Africa.
Whether you're a seasoned investor or just starting out, this podcast will keep you informed and ahead of the curve.
Episode 3 - Covers market updates from Feb 13th 2023 to Feb 17th 2023. Stories and Headlines
* Kenya-based BuuPass, a digital ticketing company for transport operators, closed a $1.3 million pre-seed round that saw participation from Founders Factory Africa, Daba Finance, Google Black Founders Fund, and several angel investors.
* Nigeria-based Curacel raised $3 million in seed funding to roll out new technology solutions designed to power new insurance experiences and expand into North Africa.
* South African counterpart, Naked, which offers a digital way for consumers to insure their cars, homes, and valuables raised $17 million in Series B funding.
* Kenya's data center market is at a growing stage with revenues expected to reach $100 million by 2027
* Co-Creation Hub (CcHUB), is launching a $15 million accelerator program to back and support 72 African edtech startups over the next three years.
* Smile Identity, a leading ID verification and KYC startup, closed a $20 million Series B round, Cleantech Qotto plans further growth backed by a new $8 million funding, Terraa raised $1.5 million to improve food supply in Morocco while mobility startup Treepz expanded to Kenya with a $1.2 million investment boost.
* French telecom giant Orange jointly unveiled a new digital center in Sierra Leone with the German government, Starlink plans to pilot its internet satellite in Rwandan schools ahead of launch this month, Nigerian crypto startup Fluidcoins was acquired by UAE’s Blockfinex after failing to raise funding and according to Disrupt Africa’s new funding report, active investors in African tech grew by 28% in 2022.
* We hear from Qotto's CEO Fabrice de Gaudemar on the company's plans and his industry outlook.
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Disclaimer: The information in this recording is for information purposes only and does not constitute the giving of investment advice by Daba or any of its affiliates.
