What’s happened this Week:

• Stock app Bamboo launches in Ghana

• Grocery App NokNok launches in Accra

• Yellow Card raises $40 million in Series B

• Orange Africa sets up 5G lab to test Cote D’Ivoire

• and more!

In 2012, Ghana’s government kickstarted the Accra Intelligence Traffic Light System (AITMS). The goal of the project was to remove the city’s traffic congestion and regular gridlock during peak traffic hours, while also lowering air pollution.

The project was to deploy street lights with solar-power backups on 200km of road to provide night-time safety and urban renewal, while 182 intelligent traffic signals will be installed and coordinated.

Initially awarded to a Chinese firm, the contract was controversially switched to Huawei with reasons by a member of parliament being that the initial Chinese firm had background “issues”

Read the story here to learn more details.

In The News This Week

Online Brokerage Firm Bamboo Officially Launches in Ghana

Bamboo, Africa’s leading online brokerage firm, has announced its official launch in Ghana. Bamboo is the first retail brokerage app to launch in the country and is offering Ghanaians easy access to U.S. stocks.

Grocery Delivery App NokNok Launches in Ghana To Enhance Grocery Shopping Experience

NokNok, a grocery delivery app with a base in Lebanon, has launched in Ghana to allow customers to order fresh and stock of grocery items and have them delivered to their doorsteps within minutes.

African Crypto Exchange Yellow Card Closes $40M Series B Led By Polychain Capital

Yellow Card Financial, the Pan-African cryptocurrency exchange, has announced the close of its $40M Series B funding.

Remedial Health Raises $4.4 Million in Seed Round

Remedial Health, a health tech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria

Transportation Startup Treepz Launches Business Services; Piloting E-Bus Service In Accra

Treepz Ghana, a transportation platform startup launched its Business service last Friday in Accra as part of its 3-year anniversary. “Treepz Business” is a service that’s aimed at corporates, schools, churches, events, and tours

Orange Opens 5G Lab To Test 5G in Côte d’Ivoire

Orange Côte d’Ivoire has opened its Orange 5G Lab, devoted to digital professionals, start-ups, and businesses

Featured Articles

Benefits, Innovations, and Challenges Of The Use Technology In Transportation

An article by one of our internal team members on the use of technology in transportation.

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Africa Ecosystem Funding Activity

• Janngo Capital announces $34m 1st close of $60m Africa-focused tech fund - Disrupt Africa

• Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone Africa - Techcrunch

• Byld Ventures, a $15M fund, backs fintechs in Africa - Techcrunch

• Egypt-based fintech investment platform Exits.me raises $1million in pre-seed round - Zawya

• Fintech startup, Julaya, extends pre-Series A round by $5M USD as the company continues its mission across Francophone Africa - Techcrunch