Venture capital, global expansion, blockchain and drones characterize African tech in 2018

Jake Bright 2018 saw Africa’s tech sector become more dynamic and international. VC firms on the continent multiplied. There were numerous investment rounds. And startups pursued acquisitions and global expansion. A notable 2018 trend was Africa’s VC landscape becoming more African, with an increasing number of investment funds headquartered on…

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Africa Roundup: Terragons Asia acquisition, Twiga Foods $10M raise, SimbaPays China payment service

Jake Bright Nigerian consumer data analytics firm Terragon Group acquired Asian mobile marketing company Bizense in a cash and stock deal. The price of the acquisition was not disclosed. Headquartered in Lagos, Terragon’s software services give its clients — primarily telecommunications and financial services companies — data on Africa’s growing consumer markets. Umeh indicated the company is…

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Africas agtech wave gets $10 million richer as Twiga Foods raises more capital

Jake Bright Kenya’s Twiga Foods has raised $10 million from investors led by the to add processed food and fast-moving consumer goods to its product line-up. CEO and co-founder Grant Brooke sees “a growth horizon…to build a B2B Amazon,” with produce as the base. “If we can build a business around fresh fruit…

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Venture capital and the blockchain will be the talk at Startup Battlefield Africa

TechCrunch Startup Battlefield returns to Africa next month, and we have an agenda chock-full of interesting panels and our premier startup competition. Joining us in Lagos, Nigeria on December 11 for a couple of those aforementioned panels will be Chris Folayan, the founder and CEO of Mall for Africa; Nichole…

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Death, Diamondsand Russias AfricaProject

The poorest country according to the World Bank, has turned a spotlight on what looks like a big Kremlin play for influence and resources in Africa. Where China has spent decades and billions of dollars trying to entrench itself there, Russia is offering its brute force and strong appetite for…

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