South African telecom operator Rain has been instructed to withdraw a statement regarding a proposed merger with Telkom. The Department of Trade and Industry’s…
POA closes $28M funding round to expand internet service
Infrastructure investment platform Africa50 led a $28 million funding round to support internet service provider Poa Internet’s expansion in Kenya. The equity investment will…
Kenya’s Novastar Ventures to open Lagos office after raising $75.5m for new fund [Updated]
Nairobi-based venture fund Novastar Ventures has made the first close of its Novastar II fund with commitments of $72.5-million. The firm now plans to open an office in…
Paygo raises US $1.43-million in Series Seed funding
Kenyan clean-energy provider, Paygo has raised US$1.43-million in Series Seed debt and equity funding. The clean energy provider uses an innovative solution that allows…
