Ghana’s Vitara Agritech Raises $2 Million to Expand Sustainable Shea Supply Chains
Vitara Agritech secured $2 million in equity funding to expand its sustainable shea sourcing operations. The investment was provided by AgriFI, Acumen, and a group of angel investors.
Stanbic Ghana explores stablecoin payments for businesses trading with Asia
Stanbic Bank Ghana and RD Technologies are exploring stablecoin payments for Ghanaian businesses. The collaboration aims to improve cross-border trade payments with suppliers in Asia.
MTN moves MoMo to cloud-native infrastructure as its African fintech ambitions expand
MTN Group Fintech completed the migration of its Mobile Money platform to a cloud-native architecture in Eswatini, Ghana, Rwanda, and Uganda. The migration was executed in partnership with technology provider Ericsson.
African VC Enters Liquidity Phase as Launch Africa Returns $2.5M to Investors
Launch Africa Ventures returned $2.5 million to its limited partners after 11 startup exits. The fund has returned about 7% of paid-in capital through exits in Nigeria, Ghana, Senegal, Tanzania, Egypt, and South Africa.
Zipline’s Medical Drone Network is Reportedly Improving Rural Economies in Africa
A 22 percent drop in child deaths from severe malnutrition was reported at facilities served by Zipline drones. Hospitalizations rose by 21 percent at served facilities, indicating better case detection.
