Local African VCs Putting Their Money To Work

More and more African startups are raising money from venture capitalists. Some are raising enough to the point where they’re becoming unicorns (that is, they’re being evaluated at $1 billion or more).

While most startups raising from Silicon Valley, there are some local VCs who are putting their hand in the game. We wrote about some African Venture Capital firms that are funding some African startups that are solving unique problems on the continent. Read about the 6 local VC firms making an impact.

We hope to see more local firms also getting some skin in the game by funding local startups and growing more cool and innovative businesses.

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Lemonade Finance, a startup that allows Africans abroad to send and receive money from home, has raised $725,000 in pre-seed funding

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Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX.

Government Officially Takes Ownership Of AirtelTigo - Tech Nova

The government of Ghana has officially completed ownership of AirtelTigo, Bharti Airtel has disclosed in a regulatory filing to the Bombay Stock Exchange.