- Week 03, 2023
- Read time: 5 minutes
In this week’s edition of TC Weekender, the telcos take center stage. From MTN Ghana fighting a hefty fine from the government to MTN SA being embroiled in a three-way tussle in South Africa, to Africell acquiring a new momo license, the telcos are starting the year off hot, it seems.
Also, congratulations are in order for Kuda, as they’ve just acquired a shiny new banking license. For more stories from the tech industry around the world, dive into this week’s edition. Happy reading!
Pamela Tetteh Editor, TechCabal.
The State of Tech in Africa Report
TechCabal Insights’ State of Tech report for Q3 2022 is still available for download.
The report entails analyses of data on acquisitions, expansions, and funding in Africa’s tech ecosystem. These insights are contexualised based on discussions with stakeholders in the ecosystem.
It presents easy-to-digest insight and data points based on evidence-based research that anyone from founders to investors will find useful.
The report is available for download here.
Who brought the money this week?
- Carry1st, a South-African based gaming company, raised $27 million in an undisclosed round from Bitkraft Ventures and a16z.
- Kenyan fintech company Kwara raised $3 million in seed funding from backers DOB Equity, Globivest, One Day Yes, Base Capital, and Mikko Salovaara.
- AgroEknor, a Nigerian food and agricultural company, raised an undisclosed amount in funding from Aruwa Capital.
- Ethiopia-based Pan-African talent marketplace Gebeya received an undisclosed amount in pre-Series A funding from Inclusion Japan.