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Egypt’s MaxAB is set to expand its physical footprint across the MENA region as a result of securing $40 million in Series A VC funding. The company also plans on scaling recently launched business verticals including new supply chains and embedded finance solutions.
Through programmes that support women with funding, we will generate prosperity in Africa. The idiom, "The hand that rocks the cradle, rules the world," can have real and unequivocal resonance.
South Africa's WhereIsMyTransport secured a $14,5 million Series A funding round. The investment funding round was led by Naspers Foundry, Cathay AfricInvest Innovation Fund, and SBI Investment.
Initiatives such as the new startup accelerator and fund, by Startup Wise Guys, in Namibia are important given the negative economic impact of the COVID-19 pandemic.
Tanda, an agency banking startup in Kenya, will be expanding its operations across East Africa following it receiving VC funding. The startup also secured key partnerships with Mastercard and Interswitch.
Deya will use their pre-seed investment to improve its platform in the coming months, to be more robust and with a better experience for users, as well as to implement its business model, thus starting to generate revenue to boost its growth.