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The leading African tech moves from September 2023

In September 2023, 22 African tech startups raised $116.7 million. So far, African startups have raised $2.57 billion in 2023.

South africaSouth africanRon chiarelloMoses kuriaGregory rocksonTimi odueso techcabalPeter kahiKenyan parliamentEuropean unionCentral bankSyndicate bioSouthern africanEast africaNorth africaComplete farmerZenza capital

Lupiya

Pioneering Zambian neobank, Lupiya, has successfully secured $8.25 million in a Series A funding round in collaboration with industry stakeholders.

South africaSouth africanSarah dusekKamala harrisPolo letekaVincent malekaniEvelyn chilomo kainguEquity fundGerman investment bank kfWorld bankUn international trade centerPioneering zambianPrivate equity fundGerman investment bank kfwPresident kamala harrisChilomo kaingu

Weekly Economic Index: The naira plunges, Safaricom-Apple partnership, and MultiChoice s $1 7 billion loss

Here are three big stories from Africa’s business and policy landscape you (probably) didn’t miss but should keep in mind this week.

South africaUnited statesSouth africansSouth africanEllah lakesWilliam rutoAbbey mortgage bank plcUnity bankWestern unionInternational plcChams holding company plcElectronic technology plcSunu assurances nigeria plcPresident william rutoShare indexSunu assurances nigeria

👨🏿‍🚀 TechCabal Daily-Can Francis Dufay rescue Jumia?

Since Jumia set up shop in Africa, it hasn't been profitable. According to the company's report, it lost $167 for every $100 it earned.

United statesSouth africaCoted ivoireFrancis dufayLogan paulAfrica fundCompetition commissionEnterprise fund for agricultureInternational finance corporationAlpha mundi group jiri investment fundGerman investment bank kfCommunications authority of south africaAfrica venture capital associationAcumen resilient agriculture fundVestedworld rising star fundSilicon valley

Zambian neo-bank Lupiya raises $8 25m in Series A round

Lupiya, a pioneering Zambian neo-bank, has raised $8.25 million in a Series A funding round led by Alitheia IDF Fund.

United statesVincent malekaniEvelyn chilomo kainguPolo letekaSarah dusekKamala harrisUn international trade centreGerman investment bankWorld bankChilomo kainguEast africanSouth african basedEnygma ventures

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