Logistics start-up Shiprazor pulls in R44-million seed round

Logistics start-up Shiprazor pulls in R44-million seed round

Cape Town-based e-commerce logistics start-up Shiprazor has raised US$2.65-million (about R44.6-million) in a seed round led by pan-African venture capital firm Norrsken22, taking its total funding to $3.3-million. AAIC, E4E and Tremis Capital also participated, alongside angel investors that include senior leaders at Google. Founded in 2023, Shiprazor sits between online merchants and courier companies,…

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Africa: Pharma Pulls Back As Antimicrobial Resistance Threat Grows

Africa: Pharma Pulls Back As Antimicrobial Resistance Threat Grows

The rising threat of antimicrobial resistance (AMR) continues to expose deep structural weaknesses in global pharmaceutical markets, with drug-resistant infections projected to claim nearly two million lives annually by 2050 unless investment and policy responses accelerate, according to the 2026 AMR Benchmark published by the Access to Medicine Foundation. The benchmark, released on March 10,…

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MultiChoice pulls the plug on Showmax

MultiChoice pulls the plug on Showmax

MultiChoice Group has announced it will discontinue Showmax, drawing a line under one of Africa’s most expensive and ambitious streaming experiments. The decision brings to an end a platform that was launched in 2015 and relaunched at enormous cost in 2024, and which ultimately failed to achieve commercial viability in a market defined by low…

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