December in Africa: Ghanian healthcare drones and Cameroonian separatist cryptocurrency

2019-1-7 13:33

December is an expensive month for anyone, and tech companies across Africa went on a fundraising spree in advance of the festive period last month. Companies from across the continent, in a variety of sectors, raised funding in December.

Most notable was pan-African e-commerce company Jumia, which raised strategic investment from the alcoholic beverage brand Pernod Ricard. Another major fundraiser was infrastructure firm Liquid Telecom, which secured a $180 million USD cash injection from CDC Group, while Nigerian travel company Wakanow raised $40 million USD. South African fintech company JUMO took its total raised funds to over $103 million USD…

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Basis, one of the most well-known stablecoin projects, is shutting down and returning the majority of capital raised to investors, the Block reported citing multiple sources with direct knowledge. The company, which raised $133 million in funding, faced with regulators as it attempted to get its algorithmic stablecoin off the ground. As a result, Basis […]

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