10 Investors Investing in African E-Commerce
Africa's e-commerce market is expected to grow from $317 billion in 2024 to $1,017 billion by 2033. TLcom Capital manages over $350 million and focuses on early-stage e-commerce startups.
8 Investors Investing in African EdTech
Education spending in Africa is projected to triple to $740 billion by 2030. EdTech investments in Africa could grow 19 times to $57 billion by 2030.
Kobo360 investors sell equity to ex-CEO Obi Ozor as struggles mount
Kobo360 raised approximately $79 million but has seen a dramatic decline in operations. Co-founder Obi Ozor has repurchased shares and taken on ₦10 billion in debt to revive the company.
Exclusive: Vendease cuts 120 jobs in second round of layoffs
Vendease has implemented its second round of layoffs in five months, impacting 120 employees. The layoffs represent 44% of the company's staff as part of a restructuring effort.
HUB2 Fintech Raises €8 Million to Expand Digital Payments in Francophone Africa
HUB2 secures EUR8 million in Series A funding. Funding led by TLcom Capital with participation from multiple investors.
