The deal will see customers choose any FedEx pick up locations close to them for delivery of their items. The deal also adds new locations to DealDey pick up centres for better service delivery. According to DealDey the partnership will put it in a position to serve more customers nationwide and increase its market share. “We are excited to inform our highly esteemed customers that in our expedition to serve you better and provide quality service nationwide we now have a partnership agreement with FedEx who has a pedigree in courier services and have their tentacles spread across the country to combine their locations as part of our pick up centres....

Operating at the intersection of fintech, edtech, and the future of work, Decagon attracted investment from early-stage investors including Kepple Africa Ventures, Timon Capital, as well as angel investors like Paul Kokoricha, managing partner of the private equity business of Nigeria’s largest PE firm, ACA, and Tokyo-based UNITED Inc. who themselves run a tech training business in Japan. The company was founded in 2018 by Chika Nwobi, a successful serial tech founder who achieved one of Africa’s first tech IPOs in his first company, MTech, and went on to either found or fund over 20 other startups including Jobberman, Cheki, and Oya....

DerevaBuddy, coined from Dereva which is Swahili for Driver and Buddy which is a friend, aimed to help drivers share real-time information with their peers to help them evade traffic and save time. However, the web app never survived because of the lack of a clear business model, lack of a team, and lack of a clear marketing strategy which led to a near-zero reach to its target audience-drivers. Through real-time traffic data, the startup had promised to help road users understand realtime road traffic easily, but it wasn’t clear on its source and on how to verify it....

Delivered on Tradeshift’s global B2B commerce platform, utilizing the Tradeshift® Marketplace Operator solution, Dooka makes the corporate purchasing experience as consumer-centric and intuitive as buying at home. By eliminating any friction in the buying process, the Dooka marketplace delivers a digital commerce environment that actively promotes barrierless connectivity and inclusive trade between large African businesses and local suppliers. Dooka recently announced that MTN, Africa’s largest mobile network operator, has become the first large organization to join the marketplace....

The acquisition expected to close by the first quarter of 2022 has already skyrocketed shares in the South African company by almost 34 per cent in early trade. The privately-held company offered 66 rands per share equivalent to a 40 per cent premium to Imperial’s last close. The shares surged as much as 36 per cent on Thursday, trading just below the offer price. The proposed acquisition is set to spur the Dubai company’s plans to evolve into an advanced logistics company offering end-to-end supply chain services....

Nuwa Capital, Shorooq Partners, and 4DX Ventures co-led this round, which included investors from all over the world. Saudi Arabia’s Al Faisaliah Group and Abdul Majeed Al Hokair, as well as Japan’s Samurai Incubate and other angel investors, participated in the pre-seed round. Established in 2020, by Egyptian entrepreneurs Kareem El Daly, Ahmed Osman, and Wesam Masoud, TFL partners with 50+ local champions and international brands who are leveraging the company’s platform to grow their presence in Egypt....

FlapKap, a mix of Clearco and Wayflyer and the first of its kind in the region, offers online businesses AI-based insight to help them optimize their advertising spend and maximize profits. Then, it offers these businesses revenue-based flexible payment terms, on that advertising spend, to ensure sustainable growth without cash constraints. According to Ahmad Coucha, co-founder and CEO of FlapKap: “We are delighted to announce our launch and fundraise, and have the backing of such an esteemed investor as A15 – one of the leading venture capital firms in the MENA region....

“This acquisition is a part of a larger plan to launch new products for enhancing the recruitment experience for job seekers and job owners in the region. Our aim is to contribute to one million hires by 2020,” said Ameer Sherif, cofounder and CEO of Wuzzuf’s parent company, Basharsoft. Merging with Viriphi would allow Wuzzuf to continue innovating and providing better services, he added. Launched in 2014, Cairo-based Viriphi develops and delivers assessment solutions to help young professionals stand out in Egypt’s crowded job market....

Rabbit is setting sail to change the future of retail, promising “groceries and more in under 20 minutes.” Rabbit is able to provide its customers peace of mind by ensuring that what they want will never be out of stock and will arrive in under 20 minutes thanks to its tech-enabled, hyper-local fulfilment centres. Over the last two decades, consumer expectations have shifted dramatically. Rabbit believes that on-demand shopping will follow in the footsteps of on-demand music, media, and transportation....

The new funding will go towards product development and to expand Thndr’s presence across MENA. Thndr has grown assets under custody rapidly – 29x during 2021 – and monthly traded values up are by similar levels. Thndr also accounted for 36% of all new registrations in the local Egyptian exchanges during 2021. According to Ahmad Hammouda, Co-Founder and CEO of Thndr, “We are building an investment supermarket for MENA consumers to access relevant investment products....

FwRun was founded in Cairo, Egypt, in the last quarter of 2019 by co-founder and CEO Khaled El-Nimr and his partner, Ahmed Maghraby, as a fulfillment center providing storage and handling services. Due to the high demand for this service, the company quickly attracted a number of merchants as well as a number of international brands. Founded by Hasan Jabarti in 2020, Diggipacks is a service that connects together organizations that handle last-mile and fulfillment needs so that retailers can deliver their shipments with ease....

Launched in January by Islam Erfan, Tejarra offers an online B2B and B2C electronics marketplace for its 50 partner wholesalers, who are offering over 18,000 products including fridges, TVs, printers and mobile phones. The startup plans to reach a $6.3 million target revenue rate by the end of this year. “In an already fast paced world, with challenges that rise every day, both consumers and retailers around the region are seeking new and innovative shopping and marketing solutions respectively....

They also announced that they had raised $3 million in pre-seed funding. MoneyHash allows businesses in emerging markets to streamline their payment stack and optimize pay-in/pay-out processes without breaking the bank, with an ambitious aim to become the AWS of payments. For payment processing and payout, early-stage companies often start with one or two providers. However, as they expand, they will need to add provider after provider to suit their expanding needs....

Founded in 2020 by Mahmoud Ibrahim, former COO of Daraz, and Ibrahim Mohamed, former head of logistics at Jumia, Homzmart enables furniture suppliers and retailers to connect directly with consumers and transact through multiple payment solutions. According to the company, it will use the new funding to expand services, especially logistics, and fill gaps that appear in supply chains, co-founder and CEO Mahmoud Ibrahim said in an interview with Reuters In May last year, Homzmart raised a $15 million Series A round....

Gbarena, a fast-growing esports and tournaments platform backed by Cairo’s AUC Vlab, was founded in 2016 with the goal of creating an online gaming community that connects gamers with tournament organizers and providing organizers with a platform where they can manage and organize their own tournaments seamlessly through fully automated processes. The complexity of Gbarena’s data analytics provides a revenue-generating opportunity by assisting brands in reaching their filtered target audiences based on user demographics and activity....

In a document issued Thursday, Elon Musk proposed to buy Twitter for $54.20 per share, claiming that the social media firm needed to be altered privately, just over a week after revealing a 9.1 percent ownership in the company. Musk’s bid puts the value of Twitter at around $43 billion. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing....

Communication Whether it’s your employees or customers, there should always be fluid communication. It could be through phone, email, WhatsApp group, etc. Ensure there is a constant stream of communication, to ensure you can track whether either your employees are working accordingly or that your customers are happy with your product or service. Also it’s important to ensure that the message you send through your website and social-media profiles is the one you want....

The Hackathon is the first of its kind to be run by the Group and seeks to drive innovation and crowdsource solutions to address business problems and social issues. Students from the two universities will have an opportunity to take part in a competitive event and collaborate to build proofs of concept and minimum viable products for a pre-defined problem. Speaking during the launch, Equity Group Managing Director and CEO, Dr....

According to the Brand Finance Banking 500 2022 Annual Report that was released this week, Equity Group is among the few banks from smaller and emerging markets to join a total of 30 new entrants into the top 500 banking brands. While Equity was ranked position 338 overall among the top 500 banking brands, the report shows that the Group is the only new entrant among the top ten leading banking brands and has entered the arena with an impressive Brand Strength Index (BSI) of 90....

The report examines vendors of end-to-end (radio and core) LTE network infrastructure and positions them based on their ability to execute and completeness of vision in the LTE market. The company has held this position for six years running and this year highest for ability to execute in this year’s report, published April 20, 2015. Ericsson attributes ability to execute in part to strong financial metrics and a broad portfolio contributes to completeness of vision, including such sought-after advanced technologies as LTE-Advanced (LTE-A) with combined-mode FDD (frequency division duplex) and TDD (Time Division Duplex), Network Function Virtualization (NFV), unified management and the modular Ericsson Radio System with integrated transport....