Driving growth across African e-commerce. We enable entrepreneurs to do what they do best- sell.
MaxAB-Wasoko makes first post-merger move with acquisition of Egypt’s Fatura
MaxAB-Wasoko acquired Fatura, an Egypt-based B2B e-marketplace, from EFG Finance. The acquisition aims to consolidate retail and supply chain technology across African markets.
OpenAI wants you to shop directly through ChatGPT
OpenAI is launching shopping features in ChatGPT, enabling users to find product suggestions and purchasing options. ChatGPT will provide personalized shopping recommendations based on user preferences and real reviews from the web.
Next Wave: What African startups need to win in the future
Venture funding in Africa dropped to $2.2 billion in 2024, a 25% decrease from the previous year. Only 385 startup ideas received VC backing in 2024, down from 600 in 2022.
Here are Africa’s biggest startups based on valuation
Funding into African startups exceeded $2 billion last year, returning to pre-pandemic levels. A decline in mega-deals has led investors to prioritize sustainable business models.
African Tech Startups in 2024: Mergers, Expansions, and Funding Challenges
39 mergers and acquisitions (M&A) deals occurred in Africa's tech industry in 2024, a 34% increase from 2023. Southern Africa led with 16 startups being acquired, followed by West Africa with 10, East Africa with 7, and North Africa with 4.
