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1. Who is Sonto Pooe and what brought about native child?  Sonto Pooe is a mother , a wife, an entrepreneur and a philanthropist. I was born in t he dusty streets of KZN and raised by a single mother ( a teacher by profession) so education in my household has always been important. I’m the first if 3 girls so responsibility / leadership skills I learnt growing up having to play second in charge...

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August 14 2019. Kobo360, the digital technology platform disrupting African third-party logistics, today announced the completion of a $20M Series A equity round led by Goldman Sachs, with participation from Asia Africa Investment and Consulting Pte. and existing investors including TLcom Capital, Y Combinator, the International Finance Corporation. An additional $10M in local currency working capital financing has been secured from Nigerian commercial banks. Launched in 2017 by Nigerian entrepreneurs Obi Ozor and Ife Oyedele...

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Uzoma Dozie, one of Nigeria’s leaders in the financial sector and the last Group Managing Director of Diamond Bank, Nigeria, recently announced that he is launching a new financial technology community and ecosystem, Sparkle; a mobile-first platform focused on the country’s retail sector. Sparkle will tackle how retailers can achieve their daily objectives and scale their businesses, providing a suite of innovative lifestyle services, in addition to typical current and savings accounts that exist in the market. In...

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Celebrating its tenth anniversary this year, ENGEN Pitch & Polish is a national entrepreneurial workshop and competition programme that – so far – has helped over 10 000 entrepreneurs improve the way they pitch their businesses to potential investors. As all entrepreneurs know, a perfectly polished pitch is one of the keys to growing and succeeding in business. The ten-year edition of the programme is being hosted in partnership with Engen Petroleum, Nedbank and Raizcorp. This...

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Rise Capital leads round for on-demand motorcycle taxi app to “dominate” Nigeria’s estimated Billion Dollar “okada”-riding market 24 May, 2019. Lagos, Nigeria. Gokada, the Lagos-based on-demand motorcycle taxi app, has secured a Series A fundraise of $5.3 million. Led by Rise Capital with participation from Adventure Capital, First MidWest Group, IC Global Partners and several local investors, Gokada will deploy its investment to expand its driver fleet, increase daily rides by 10 fold  and acquire...

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Andela, the company building distributed engineering teams with Africa’s top software engineers, is recruiting mid and senior level developers in 2019, as part of a new Power of ‘X’ campaign, as it looks to scale its operations and meet growing demand. This comes as more companies seek to enhance their technology teams via distributed workforces. Since its launch in 2014, Andela has received over 140,000+ applications to it’s Technical Leadership Program and has trained 1,000+...

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Financial technology company Riby yesterday held its inaguaral cooperative conference, tagged Coop 1.0. The event was a meeting point for all sectors of the economy involved in the cooperative ecosystem to come and discuss different ways that the cooperative model could be improved to provide basic life needs like food and shelter. Over 100 cooperative administrators were present at the event, who came out to listen and learn from the event’s wide lineup of speakers....

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Farmcrowdy, Nigerian digital agriculture platform which allows Nigerians to invest in agriculture, has closed on additional seed funding of $1 million. This follows the company’s initial investments of $1 million in 2017. International investors Cox Enterprises and Techstars, along with local investor Ajayi Solutions have participated in the round as the startup prepares for an upcoming Series A fundraise later in 2019. Farmcrowdy will use the investment to continue building their award-winning model, whilst expanding across...

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LÜLA, “easy” in isiZulu, is an app that connects corporate commuters to private  shuttles. The company is seeking to raise R2,5 million through the Equity Crowdfunding platform, Uprise.Africa. “We are pleased to launch our first crowdfunding campaign through Uprise Africa. This is a great opportunity for us as a brand to grow and to extend our service to other parts of South Africa,” states Velani Mboweni, Co-Founder and CEO of LÜLA. According to the City...

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