Andela, a Lagos, Nigeria-based selective technology training program in Africa, raised a Series A round of funding. The financial terms of the deal weren’t announced. The round was led by Spark Capital with participation from Omidyar Network, LearnCapital and other investors from North America and Africa. In conjunction with the funding, Spark Capital general partner […]

BitPesa, a Nairobi, Kenya-based bitcoin remittance platform, raised $1.1m in funding. The round was led by Pantera Capital Management LP with participation from Crypto Currency Partners LP, Stephens Investment Management LLC, Bitcoin Opportunity Corp. and Future/Perfect Ventures. In conjunction with the funding, Dan Morehead of Pantera Capital Management joined BitPesa’s board of directors. The company […]

AutoXpress, an East Africa-based tyre wholesaler and retailer, received a 36% equity investment from global emerging market investor Actis. The amount of the transaction was not disclosed. The company will use the proceeds to accelerate its expansion across East Africa. Led by Managing Director Sandeep Shah, AutoXpress is a distributor and retailer of tyre, battery […]