Andela secures $100 million Series D funding to expand its engineering team.
It’s one of the largest ever single rounds raised by an African-focused tech company, keeping pace with Andela’s track record of big-ticket rounds. Alongside other existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital, Generation Investment Management led the $100 million funding round. It brings the total venture funding raised by Andela to $180 million.
With this new fund injection, Andela intends to accelerate the development of its technology platform to identify, develop and match talent at scale. Currently operating in Nigeria, Kenya, Uganda and Rwanda, the new funding will help Andela on-board more developers and scale into more African countries.
Cameroon’s Posts and Telecommunications sector is mobilizing to seize the opportunities of ICT.
As every year, Cameroon’s Ministry of Posts and Telecommunications welcomes 23rd and 24th of January as its traditional annual Conference of the Heads of the Decentralized Central Services and the Sub-Trusteeship Services. It’s a milestone activity which brings together all the actors of the sector for two days of intense reflection.
This will be the perfect opportunity for the entire Posts and Telecommunications family to reflect on new strategies while exploring new avenues to exploit all the opportunities ICT has to offer.
Kenyan AI startup SuperFluid Labs raises funding from German-based GreenTec Capital to expand its product offering.
Founded in 2015, SuperFluid has developed a comprehensive data analytics platform that can assess credit scores and provide business intelligence more effectively through Big Data and AI.
SuperFluid has already established a successful consulting business, providing its analytics services to microfinance institutions (MFIs) such as responsAbility and traditional banks like Ghana’s Fidelity Bank and Kenya’s NIC Bank. With the help of the funding from GreenTec Capital the startup plans to expand its offerings to the e-commerce space, helping businesses to offer their own credit services to qualified customers.
Entrepreneurship hub Suguba to host Francophone Africa Investors Summit.
West African entrepreneurship development platform Suguba has announced that it will host an investors summit in Bamako, Mali in March, in collaboration with the World Bank Group’s L’Afrique Excelle accelerator programme and UK-based publishing house IC Publications.
This summit will take place from March 28 to 29, with keynote speakers including AppsTech CEO and founder Rebecca Enonchong, Partech partner Tidjane Deme, Orange Digital Ventures‘ Marième Diop, Oiko Credit West Africa head and GSMA Ecosystem Accelerator and M4D Utilities insights director Maxime Bayen.