The publication, which reviewed evidence on tobacco use and fertility, also linked smoking among men to reproductive dysfunction, including poor sperm quality, erectile dysfunction and ejaculation problems A new knowledge summary by the World Health Organisation (WHO) has revealed that women who currently smoke tobacco have a 40 per cent higher risk of infertility than…
Ventures Platform has closed its second institutional fund at $84 million, exceeding its $75 million target as the Nigerian venture capital firm expands funding for early-stage technology companies across Africa. The final close comes 3 years after its first institutional fund and adds new investors including the European Bank for Reconstruction and Development, Norfund, Alphatron…
South Africa’s largest online marketplace, Takealot.com, has increased the minimum order value required to qualify for free delivery from R650 to R750. Alongside the threshold increase, the retailer has altered its checkout process to automatically select premium, paid delivery options by default, even when an order meets the criteria for free shipping. Read: Apple refreshes…
Mamor Capital Veutres co-founder and CFO Fuzlin Levy-Hassen, and founder and CEO Mamokete Ramathe. Mamor Capital Ventures has secured a R300 million first close for its inaugural fund, giving the black women-owned venture capital (VC) firm capital to begin investing in post-revenue South African technology businesses. According to a statement, the firm is continuing to…
South African venture capital firm Mamor Capital Ventures has reached a R300m first close for its inaugural fund, giving it capital to begin investing in post-revenue technology businesses while it continues raising towards a R550m target. Fuzlin Levy-Hassen CFO, Mamokete Ramathe CEO, of Mamor Capital | image supplied The first close follows more than three…
Gatik Announces Series D round Gatik, the leader in autonomous trucking, today announced $200 million in financing as demand accelerates for driverless commercial freight across Fortune 50 retail, grocery and CPG supply chains. The Series D round was led by Qatar Investment Authority (QIA) and Koch Disruptive Technologies (KDT), with participation from Millennium Management, ARK…
Emile Ferreira, CTO of Verascient and Keagan Stokoe, CEO. South African-founded artificial intelligence (AI) start-up Verascient has raised $1.2 million (R19.5 million) in its pre-seed round to help companies build faster and more capable teams with AI. It will use the capital to expand its engineering team and deepen its technology to support further enterprise…
Africa Finance Corporation raised CHF 350 million, or about $431 million, through a 5-year digital bond as the infrastructure lender expands its funding sources. The August 12 issue is reportedly the first digital bond from an African institution to be listed, traded and settled through regulated digital market infrastructure. It carries a 1.4925% coupon and…
Simon Ellis, co-founder and CEO of Jem, Quona Venture Partner Johan Bosini and Caroline van der Merwe, Jem co-founder and COO. (Photo: Supplied) South African HR technology company Jem has raised $8.4 million in a Series A funding round led by global fintech investor Quona Capital, as it expands its workforce management platform for frontline…
Jumia has priced a $50 million equity raise led by the International Finance Corporation as the e-commerce company adds cash while working toward break-even. IFC will invest $25 million, with Axian and other investors providing the rest. The investors will buy about 9.1 million American depositary shares at $5.52 each. The funding comes as Jumia’s…
