OmniRetail raises $20M Series A to scale Africa’s informal retail infrastructure
OmniRetail secured $20 million in Series A funding to expand across Nigeria, Ghana, and Côte d’Ivoire. The funding round was co-led by Norfund and Timon Capital, with participation from several other investors.
Exclusive: Baobab Nigeria acquisition delivers 3x return for Alitheia and Goodwell
Baobab fully acquired its local subsidiary, Baobab Nigeria. This acquisition marks the first exit for Alitheia Capital and Goodwell Investments from the uMunthu Fund.
Uganda’s Financial Inclusion Landscape Evolves with Agent Banking Company’s New Investment
Goodwell Investments secures investment in ABC, enhancing Uganda's fintech potential. ABC operates under a license from the Bank of Uganda as a Payment Systems Operator.
Africa’s Startup Scene Taking Steps Towards Gender Diversity, Report Shows
Only 17.3% of African tech startups have at least one female co-founder. 11.1% of African tech startups have a female CEO.
Kenya’s Copia Faces Layoff Of 1000+ Staff & Shutdown As Financial Struggles Bite
Copia Global faces financial constraints and potential organizational restructuring or shutdown. The company acknowledges the challenges ahead, including workforce reduction and the inability to make payroll.
