Tage Kene-Okafor

Tage Kene-Okafor covers startups and investment activities in Nigeria and Africa for TechCrunch. Before this, Tage reported on the same beat for Techpoint Africa.

You can hit him up at tage.techcrunch@gmail.com

The Latest from Tage Kene-Okafor

Cameroon’s Ejara raises $2M to offer crypto and investment services in Francophone Africa

The adoption of cryptocurrency in Africa varies regionally. While countries with currently unstable currencies like the naira are seeing immense usage, other regions using the CFA franc have sparse ad

Backed by Greycroft, Klasha gets $2.4M to improve cross-border commerce in Africa

Analysts say the value of e-commerce in Africa is expected to reach $29 billion next year, yet Africans still find it difficult to make international payments for products online. Cards, M-Pesa, bank

Google sets up $50M fund to invest in African startups

Google plans to invest up to $50 million in African early- and growth-stage startups via its Africa Investment Fund, ramping up efforts to support more businesses on the continent. Google made known i

Goldman Sachs spinoff Juven to back African high-growth companies with large checks

Mauritius and U.K.-based investment company Juven went live today with plans to fund growth-stage technology and consumer companies in Africa. The one-year-old firm is looking to invest large checks i

Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop

YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers

The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology

Twitter ban in Nigeria to be lifted if platform sets up a local office and pays taxes, president says

Nigeria President Muhammadu Buhari announced on Friday that the current ban on Twitter would be lifted, but only if the social media giant met certain conditions. The president disclosed this during h

Verto picks up $10M for cross-border payments play in emerging markets

Verto, a global B2B payments platform that allows small and medium-sized enterprises (SMEs) to make payments to their suppliers, today announced that it has closed $10 million in Series A funding. Quo

Facebook-backed 2Africa set to be the longest subsea cable upon completion

Facebook announced on Tuesday that its 2Africa cable would now extend to over 45,000 kilometers with the addition of nine landings collectively dubbed the 2Africa Pearls. The subsea cable will directl

SoftBank sinks $200M into Andela, propels company into unicorn territory

CEO Jeremy Johnson sees more competition coming into the global tech talent hiring space as he saw the number of Andela applicants increase 5x in the past six months.

Do you need another app to discover beautiful places when you travel?

In the summer of 2019, Timilehin Ajiboye became intrigued with the idea of building a travel app after conversations with a circle of friends. One friend reached out to Ajiboye asking if he knew of a

Flat6Labs closes $10M seed fund for Tunisian startups

Regional seed and early-stage venture capital firm Flat6Labs has finished raising $10 million for its seed fund targeted at Tunisian startups, according to a statement released by the company. The see

Zola Electric closes $90M funding round to scale technology and enter new markets

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Some reports peg these numbers between 500 million and 2 billion people despite the preval

Nigerian businesses can now accept Apple Pay on Paystack

Paystack, the African fintech company that powers and processes payments for businesses, today announced that it is launching Pay with Apple Pay on its platform. The company, in a statement, called th

Koa is helping African consumers make better money moves

While Delila Kidanu grew up in Nairobi, Kenya, mobile money platform M-Pesa was the go-to fintech platform for her and most Kenyans. The Safaricom-owned product provides basic access to financial serv

Cartona gets $4.5M pre-Series A to connect retailers with suppliers in Egypt

Today, Cartona is announcing that it has raised a $4.5 million pre-Series A funding round to connect retailers and manufacturers via an application. It’s looking to take a large piece in the bud

African genomics startup 54gene raises $25M to expand precision medicine capabilities

Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap is quite surprising because Africans and people of African descent are reported to be more ge

Nigerian agritech startup Releaf secures $4.2M to scale its food processing technology

The distance between their farms and the nearest processor is key for smallholder farmers who need to process their crops. And though Nigeria’s food processing systems have a keen resemblance to

Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA

Funding startups that help manufacturers and sellers distribute products and merchants access them on a single platform keeps increasing across Africa. Today, Cairo-based B2B e-commerce startup Capite

Nigerian one-click checkout platform OurPass raises $1M pre-seed, wants to build ‘Fast for Africa’

We like to buy things online ranging from e-commerce stores to subscription-based sites. However, no one enjoys the hassle when you have to always re-log into different sites and stores. I mean, shopp
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