Afridigest Week in Review: Poof, half a billion in VC dollars gone to zero
Afridigest is your intelligent guide to tech in Africa. The Afridigest Week in Review helps you stay in the know about what happened in Africa Tech last week.
📌 We’re back up to date, folks 🥳 ICYMI, we published ‘Insights from MultiChoice on the challenges of scaling consumer tech in Africa today' since the last edition. And FYI, the H1 2024 update of the Fintech Transactions database will be published next week.
On to the highlights of the week:
• Nine financing transactions totaling over $10M in disclosed funding were announced
• Three M&A transactions were announced
• News in brief: Breega announced the first close of its Africa Seed Fund I. Dangote gave an interview that business leaders should watch. The Afridigest Startup Spotlight is coming — tell a friend 🗣️
• Organizations appearing in today’s Week in Review: Atlantica Ventures, Yassir, Ampersand, MultiChoice, & others.
• Executives appearing: BII’s Chris Chijiutomi, Voltron Capital’s Olumide Soyombo, DXwand’s Ahmed Mahmoud, Funema’s David Ogundeko, Accuread’s Drs. Hammed Ninalowo and Chinedum Anosike, Paystack’s Temi Giwa, & others.
And with that said, let’s get into it.
Week 25 2024: June 16-22
🧭 Fundraising Tracker