Nairobi — Start-ups in Africa that are led by women continue to face major challenges in raising capital, particularly as they seek later-stage funding, according to new data from Africa: The Big Deal, a U.S.-based newsletter tracking start-up investments across the continent. In a report titled ‘Disappearing Women’, co-author Max Cuvellier Giacomelli highlights a persistent…
TLDR African mobility fintech startup Moove is close to finalizing a $1.2 billion debt financing round to support its rollout of autonomous vehicles in the United States The round is reportedly oversubscribed, with strong interest from private credit funds and banks. Final terms are expected to be concluded in the coming weeks Moove initially offered…
Smiling teen girl holds credit card and searching what to buy online Stockplanets | E+ | Getty Images In the age of instant gratification where Gen Alpha has easy access to instant delivery services like Amazon Prime and Uber Eats, some parents are wondering how to teach the young money-saving skills. Born between 2010 and…
Mohamed El-Shenawy says Al Ahly must show sharper concentration and “win, not draw” when they face Palmeiras in Thursday’s pivotal Club World Cup group match in New Jersey. The captain’s late heroics preserved a 0-0 stalemate against Inter Miami on matchday one, the Egypt international clawing Lionel Messi’s stoppage-time effort out of the humid Florida…
Wetility, a subscription solar service provider focused on both the residential and commercial solar markets, has secured R500-million in structured capital funding from Jaltech. The capital provided by Jaltech will be used to fund solar and battery systems, allowing Wetility to add more than 16MW of solar capacity in South Africa in time. “This funding…
