AFEX, Pan African Commodities Player, Ranks 5th on 2024 Fastest Growing Companies in Africa List
AFEX ranks 5th on the Financial Times' ranking of Africa's Fastest-Growing Companies in 2024. AFEX achieved a compound annual growth rate of 287.82% in revenue from 2019 to 2022.
B2B E-commerce Startups Rise Among Africa’s Fastest-Growing Companies
Nigeria-based OmniRetail secured the top spot in FT's annual rankings of Africa's fastest-growing companies with its B2B e-commerce platform. Mauritian-domiciled Kyosk.App took second place in the rankings, leveraging its digital-first distribution platform to empower traditional African retailers a
👨🏿🚀TechCabal Daily – Showmax to discontinue services outside Africa
Chowdeck achieves 10x growth in monthly GMV, crossing ₦1 billion ($1.2 million). Norrsken22 closes its debut Africa Tech Growth Fund at $205 million.
Nigerian commodities startup AFEX raises $26.5m funding from BII
AFEX has raised $26.5 million in funding from British International Investment (BII) to support structural improvements in Africa's agricultural industry. The funding will be used to build 20 modern warehouses in strategic locations in Nigeria, Kenya, and Uganda, and develop a soybean processing pla
👨🏿🚀TechCabal Daily – MFS Africa rebrands to Onafriq
Swvl's bus-hailing services for business customers grew rapidly in 2022, generating $37.9 million in revenue, a 132% increase from the previous year. MFS Africa has rebranded to Onafriq to reflect its expanded services beyond mobile financial services.
