Automation technology company Jaggaer partners real estate developer Ora Developers

EGYPT – Jaggaer, a provider of cloud-based business automation technology, has signed an exclusive deal with Ora Developers, one of Egypt’s real estate developers of luxury residential, hospitality and commercial properties around the world. As part the agreement, Ora Developers will transform their sourcing and supplier management processes through the implementation of Jaggaer’s source-to-pay platform Jaggaer One. The intuitive platform will enable better sourcing decisions, faster cycle times as well as streamlined data processes for enhanced collaboration and supplier relationships. “Jaggaer’s SaaS based source to pay solution was the perfect…

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Hapag-Lloyd spreads wings across Africa, opens offices in Morocco

MOROCCO – Hapag-Lloyd, a German shipping company mainly transporting agricultural goods out of Africa has set base in Morocco with the opening of its own offices in the country. The logistic company has opened three offices with the headquarter being Casablanca and two satellite offices in both Tangier and Agadir. Morocco, being an important platform for the export of fresh produce, is part of Hapag-Lloyd’s development strategy in the refrigerated container transport sector In addition, the country is perfectly connected to the global Hapag-Lloyd network by the port of Tanger-Med,…

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Healthtech startup 54gene secures US$25m Series B round to advance its capabilities

NIGERIA – 54gene, a health technology company advancing African genomics research for improved global health outcomes, has secured US$25 million in a Series B round to advance its capabilities to contribute to global drug discovery. The round was led by Cathay AfricInvest Innovation Fund and also included participation from Adjuvant Capital, KdT Ventures, Plexo Capital, Endeavor Capital, Ingressive Capital and others, brings 54gene’s total investment to date to more than US$45 million. “It’s truly incredible to witness the impact of African scientists in global research and it is critical to…

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Healthtech startup Aviro Health secures pre-series A funding round to improve its clinic

SOUTH AFRICA – Aviro Health, a healthtech startup, has secured an undisclosed amount of funding in a pre-series A funding round led by ASISA ESD Fund (managed by Edge Growth), Tuksnovation, and TIA. The funding will be used to expand and improve the Aviro Pocket Clinic, a digital counselling service that is available through health providers in both the public and private sectors. In addition, the funding will enable the healthtech company to grow and expand its overall impact both in its HIV self-testing and into new use cases in…

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IT company Dimension Data appoints Christopher Makyao as Managing Director for Tanzania

TANZANIA – Dimension Data, a company specialising in information technology services, has appointed Christopher Makyao as the Managing Director for its Tanzania business. Making the announcement, Dimension Data East and West Africa Managing Director Richard Hechle said the company was beefing up its operations in Tanzania with increasing demand for ICT solutions within the market as more companies embrace digital transformation accelerated by the Covid pandemic.  “We are seeing an increasing demand for our solutions in the market among our existing enterprise clients and multi-national companies operating in the East…

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Liquid Intelligent Technologies to deliver affordable high-speed connectivity in DRC

DRC – Liquid Intelligent Technologies, a leading technology group, has started delivering affordable high-speed connectivity to communities in Kinshasa, Democratic Republic of Congo (DRC) using state-of-the-art Wireless Optical Communication technology (WOC) from Project Taara at X, Alphabet’s moonshot factory. This achievement marks a robust high-capacity communications bridge between Kinshasa and Congo Brazzaville. Despite being just 4.8 kilometres apart, internet is more expensive in Kinshasa than in Brazzaville. The reason being, the two cities are separated by the Congo River, the second fastest and deepest river in the world, making it…

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ARM-Harith Infrastructure set to launch urban climate infrastructure solutions focused fund

MAURITIUS – ARM-Harith Infrastructure Investments Limited, a Mauritius-regulated infrastructure fund manager and parent company of ARM-Harith Infrastructure Investment Limited Nigeria, is set to launch the ARM-Harith Cities and Climate Transition Fund (The ACT Fund). The ACT Fund is part of ARM-Harith’s broader climate finance platform and will invest in urban climate infrastructure solutions with an initial focus on renewable energy, urban mobility, water, and waste. This US$250 million-target fund is being designed in collaboration with the Global Innovation Lab for Climate Finance, a public-private partnership initiative funded by the Dutch,…

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FinTech Finclusion Group raises US$20m investment to expand its presence

SOUTH AFRICA – Finclusion Group, an African FinTech platform, has raised US$20 million (R283) in an investment round led by Lendable, a prominent FinTech debt financing provider. Finclusion provides safe financial services by combining superior proprietary artificial intelligence (AI) algorithms with cutting-edge technology, all while retaining accurate automated credit determinations. “The team that worked on making this raise happen has been incredibly focused and inherently aware of what funding like this means to our business, and more importantly, our customers,” Tamuka Mpofu, Finclusion Group CFO said. “Partnering with a reputable institution…

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