Imperial announced an investment in and partnership with Lori Systems to expand its cutting-edge e-logistics technology solutions across Africa. This strategic partnership is the first of its kind at this scale and scope on the African continent. Lori Systems is the leading e-logistics platform in Africa and seamlessly coordinates haulage in frontier markets. The Imperial Venture Fund, managed by Newtown Partners – a US venture capital firm – recently concluded an investment in Lori Systems to support its growth in East and West Africa.
Nigerian startup Field Intelligence has announced that it has closed a $3.6-million Series-A funding round to fund the further roll-out of its product Shelf Life, a supply chain finance platform for pharmacies in Africa. The round was led by Blue Haven Initiative, with investors including Newtown Partners via the Imperial Venture Fund and Accion Venture Lab.
Imperial, has partnered with venture capital firm Newtown Partners to launch a corporate venture capital fund who is looking into disruptive start-ups in the logistics industry, they have introduced an initial investment of $20 million. Joining CNBC Africa for more is Mohammed Akoojee, CEO of Imperial and Llew Claasen, Co-Founder and Managing Partner of Newtown Partners.
Pandor extends her thanks to Vinny Lingham and Llew Claasen’s Newtown Partners, which has exited SweepSouth in this round of funding with a more than 10x return on their original investment since coming on board.
South African online marketplace SA Florist has rebranded to Bloomable, with the aim to redefine itself in the market and expand its focus beyond flowers. Newly appointed MD, Melissa Cumming says, “People think we’re a florist, but we’re not. We’ve been dubbed ‘Uber for florists’ in the past, which is a good way to explain what we do.”
Senior Partner James Kilroe, and Blockchain Analyst Seamus Hennessy, discuss how DApps have struggled to achieve adoption and how they can overcome this in an opinion piece published on Bitcoin Magazine.
In a solar initiative approved by the Ugandan Government and the Ugandan Ministry of Energy and Mineral Development, Dala has partnered with CleanPath Emerging Markets Uganda (CP-EM Uganda) who are developing a gigawatt-scale solar program for Uganda to create a blockchain-enabled clean energy economy.
Dala has officially announced a new multi-chain strategy that will include Stellar, the technology behind the seventh largest cryptocurrency (lumens) by market cap. Dala is looking to create the most decentralized financial system available by bringing together top blockchains and protocols.
CoinDesk exclusively reveals the statistics of Wala, proving that a little ingenuity and an effective embrace of a nascent technology can make cryptocurrency a better payment mechanism than any of the traditional options many citizens of African nations currently have.
Technology and financial services, combined, have the power and the potential to eradicate endemic financial exclusion, a blight that still affects 3.5 billion people worldwide. That potential will only be realized when fintech startups moving with creative agility to meet consumer needs, combine forces. And that is what Wala and FINCA want to do.
The startup has already sold $33m in Civic tokens (CVC) – eight days before the official offering was to take place. “We don’t want the vanity headlines, where it all happens in pre-sales and behind the scenes…
The Civic token sale is the latest successful token sale to launch and raise $ Millions within hours but the structure is radically different from any before it. It showed thought, intent and transparency…
Bitcoin’s oldest trade organization has voted in a new executive director. Weeks after outgoing executive director Bruce Fenton notified the board his term was nearing conclusion, the Bitcoin Foundation has named Llew Claasen to the position…
Bitcoin Foundation board member Vinny Lingham has announced that he has stepped down as CEO of the popular mobile gift card service Gyft to pursue a new business venture. Based in Palo Alto, Civic has already…