Startups

Chipper Cash Startup raises a $6 million seed round

Chipper Cash Startup raises a $6 million seed round

Business, Startups
Chipper Cash, the startup that provides a platform for people to send cash across African borders easily has raised more money. According to TechCrunch, the startup has raised a $6 million seed round that was led by Deciens Capitall. Chipper Cash intends to use the influx of capital to grow its team and move to new areas. “Southern Africa is an area we’re looking to expand in 2020,” Ham Serunjogi, Chipper Cash CEO said. The seed round follows a $2.4 million raise the company did back in May of 2019 that was led by Deciens Capital, 500 Startups and Liquid 2 Ventures. Apparently Chipper Cash has more than 600,000 active users and has processed over 3 million transactions. Their latest seed round also follows their big move to Nigeria, which is arguably Africa’s largest fint
Jumia just suspended operations in Tanzania

Jumia just suspended operations in Tanzania

Business, Startups
Reporst indicate that Jumia has suspended operations in another African country, just a few days after word got out that the biggest e-commerce player in Africa, Jumia, had quit its core e-commerce business in Cameroon, the company seems to have continued in that path by abandoning yet another African market. According to a report, it appears Jumia has suspended operations in Tanzania — a market it entered five years ago — in what looks like a continuation of a scaleback on Jumia’s e-commerce operations across Africa. Per a statement supposedly seen by Techawk, Jumia has shut down its operations in Tanzania in order to focus resources on other markets. The statement reads: “Based on our review of the path to success, we have made a difficult decision to cease our operations in Tanza
Twiga Foods emerge as Winners at CIO100 Awards

Twiga Foods emerge as Winners at CIO100 Awards

Business, Mobile, Startups, Technology
Twiga Foods is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Twiga Foods, were the sole winners of the Plus One Award at the regional CIO100 Awards and Symposium. They won the award, in light of their spearheading efforts to digitize and ease up the entire sourcing, purchase and delivery process. Since 2014, Twiga Foods have been at the forefront of bridging gaps in the food market, this was through the development of a cutting edge platform, designed to create an efficient, fair and transparent market place. With over 17,000 farmers, and over 8,000 vendor
Drones: Are they the new method of delivery?

Drones: Are they the new method of delivery?

Startups, Technology
Drones are usually used for different reasons such as recreational purposes like shooting videos from an arial view or just to test your flying skills. Another reason drones are used is to spy on people. Who knew it could also be used as an agent of delivery? A drone service firm is in talks with the Ugandan government on a deal to deliver blood packages, drugs and medical equipment to public health facilities, an executive told Reuters on Friday. A deal could see Uganda join a small number of other African countries, such as Ghana and Rwanda, that have deployed unmanned aerial vehicles (UAVs) to help public health logistics. Uganda’s public hospitals often face shortages of essential supplies, such as blood, drugs, syringes, gauze and gloves, sometimes due to unreliable transport th
African Business Arena considered more ideal for startups

African Business Arena considered more ideal for startups

Startups, Uncategorized
When investors set to identify locations to invest, Africa is less likely to come to mind yet the investment scene in Africa has experienced a surge of activity over the last few years, fueling speculation that Africa could be the next big startups hub. Innovation has accelerated with new ideas and technologies spreading across the region. Among the sectors that have really thrived in Africa are eCommerce and mobile industries. In addition, sub-Saharan Africa was estimated to see GDP growth of around 5% in 2014. This has been realized with the economic scene  evolving rapidly. That’s substantially faster than the developing-country average. According to focus economics, Africa expects an economic growth of 3.2% in 2017. In addition, the African population is more quick to adopt new s