We round up this week’s big 5 Daily as usual, with news from Africa and beyond.
New reports have it that, in only two years, Flutterwave has processed about $2.5 billion for clients through its ‘Rave’ platform across the globe. The Rave platform is aimed at processing all kinds of payments with support disbursements to bank accounts and mobile money wallets.
The Moroccan government has launched Africa’s fastest train. The train will halve the ravelling time between the commercial and industrial hubs of Casablanca and Tangier. The train is two times faster than South Africa’s high-speed railway.
Kenyan based start-up, Twiga Foods has secured $10 million investment from World Bank’s investment arm, the International Finance Corporation, and Pan-African venture capital firm, TLcom Capital.
Also, Egyptian ecommerce start-up, Fakahany has raised $700K in seed funding round led by Endure Capital and angel investors. Fakahany allows users to order fresh fruits and vegetables through its online platform or mobile apps.
Finally, reports also have it that Microsoft has launched Head Start, a start-up accelerator aimed at helping South African start-ups scale up their business. The Accelerator gives start-ups access to skills, technology, the right markets, customers and channels.
…and that is all for the big 5 today, see you next time.
