BasiGo Raises $42 Million For Its Electric Bus Expansion

What’s happened this Week:

• Ghana’s Aya Data gets $900K for seed funding

• Ride-hailing company InDrive launches in Zambia

• and more!

In The News This Week:

Ghana AI Startup Aya Data Raises $900,000 in Seed Round

Aya Data, a Ghana-based AI startup that offers data collection and annotation services, has raised $900,000 in a seed round.

BasiGo Raises $42 Million In Series A Round to Fund Electric Bus Expansion

BasiGo, an electric bus company based in Kenya, has raised $42 million in new capital. This includes $24 million from a Series A equity funding round led by Africa50, and $17.5 million in debt from the British International Investment (BII) and the U.S. Development Finance Corporation (DFC).

Afreximbank Signs $3 Million Agreement with Mediwood Studios To Grow Tunisian Film Industry

African Export-Import Bank (Afreximbank) and Mediwood Studios in Tunisia have signed a Term Sheet for a US$3 million facility aimed at strengthening Mediwood’s position as a key contributor to the growth of the Tunisian film industry.

In the rest of the news:

• Nigeria Drops Charges and Releases Binance Executive After 8 Months In Detention

• Madica Invests In Nigerian Climate Tech Startup Earthbond

• tappi Launches Partnership with Safaricom’s M-PESA For Business

• MEST Africa and Mastercard Foundation Reflect on Five-Year Partnership at Transformative Technology Event

• inDrive Launches Its Ride-hailing Service in Zambia

Africa Ecosystem Activity

• SA e-commerce logistics startup Pargo raises $4m, expands to Egypt

• Nigerian retail-tech startup OmniRetail acquires Traction Apps

• Moroccan prop-tech startup Agenz secures undisclosed investment

• SA e-commerce logistics startup Pargo raises $4m, expands to Egypt

Event: Accra LawTech Hangout - Speaker Spotlight

Legal Tech Lounge, in partnership with Tech Labari, will be hosting the second edition of its LawTech Hangout on November 28th in Accra.

Today, we’re spotlighting one of the speakers at the event: Naomi Thompson.

Naomi Thompson is a Legal Innovation Strategist with over 20 years of experience at the intersection of Business, Law, Data, and Technology. A published author and prolific speaker, she began her career as an in-house lawyer and transitioned into strategy implementation and business operations in emerging markets, including serving as Chief of Staff at a Pan-African asset management firm.