Fb had a busy November in Africa because it continues to scale up its efforts to help SMEs on the continent.
In Lagos, the corporate partnered native incubator CcHub to launch an area for Nigerian entrepreneurs, whereas it additionally joined forces with native startup Tizeti to broaden its Categorical Wi-Fi service within the nation.
Fb additionally introduced it had launched its Nigerian SME Council, the primary of its sort to launch on the continent. The corporate is just not the one main multinational tech agency getting extra concerned within the African startup house, with Google selecting three corporations from the continent to participate in its Launchpad accelerator in November.
A black Friday
A bunch of Africa-based ecommerce websites buckled below the stress of Black Friday in the direction of the tip of the month, most notably South African market chief Takealot, which needed to be taken down.
Nonetheless, ecommerce exercise is hotting up on the continent, with Kenyan cell operator Safaricom the newest to affix the occasion with the launch of on-line retailer Masoko. Current corporations are additionally tweaking their choices, together with the pan-African Jumia, which launched bodily outlets for its journey service and likewise launched beverage-ordering service Jumia Get together.
In Uber information, the corporate was compelled to extend fares in Lagos, the place it additionally emerged drivers had been utilizing an app as a way to falsely enhance fares. The corporate can also be being sued by two drivers.
In different fascinating information, Ghana is launching a digital addressing system, funeral cowl can now be bought by way of cell in South Africa, and Kenya has a web based public sale platform.
Buyouts and funding
November noticed a few notable acquisitions within the African tech house, with Kenyan HR firm Shortlist shopping for edtech firm Spire Schooling. In the meantime, in South Africa, on-demand deliveries startup WumDrop was acquired by Makro.
Essentially the most notable funding spherical of the month went to pan-African fintech firm JUMO, which raised US$24 million to assist it broaden, whereas Ghanaian e-health firm mPharma additionally raised large — to the tune of US$6.6 million.
There have been additionally funding rounds for Egypt’s Eventtus, Kenya’s Sendy, and South African corporations i-Pay, Digital Cupboard, and RecoMed. In Somalia, native accelerator and fund Innovate Ventures pumped money into 5 native startups. And that’s your lot.
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