December is an expensive month for anyone, and tech companies across Africa went on a fundraising spree in advance of the festive period last month.
Companies from across the continent, in a variety of sectors, raised funding in December. Most notable was pan-African e-commerce company Jumia, which raised strategic investment from the alcoholic beverage brand Pernod Ricard.
Another major fundraiser was infrastructure firm Liquid Telecom, which secured a $180 million USD cash injection from CDC Group, while Nigerian travel company Wakanow raised $40 million USD. South African fintech company JUMO took its total raised funds to over $103 million USD after Odey Asset Management invested $12.5 million USD in the company.
December also saw an acquisition in the tech space, in Tunisia, with retailer Magasin Général buying e-commerce startup Founa. It was a busy month for the North African country, which also saw fintech startup Expensya raise $4.5 million in investment and Utopixar secure grant funds from UNICEF. Egyptian startups Halan and Vezeeta also bagged cash.
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
The long list of tech startups that secured investment also included Nigeria’s Kobo360, Kenya’s UTU, Ghana’s AgroCenta, and Zambia’s Rent to Own. South African startups HouseME, Snapt and Naked Insurance also raised.
Separatists go crypto
Meanwhile, in Cameroon, separatists in anglophone areas, who are rebelling against the francophone government, have created their own cryptocurrency, AmbaCoin, as they look for an easier way of moving money around.
Tech is being used in a slightly more developmental way in Ghana, where the government has partnered with drone operator Zipline to launch emergency health and blood delivery services. Ghanaians will also soon be able to access their National Health Insurance Scheme (NHIS) policy via mobile thanks to new government policy.
Another government taking positive steps is Rwanda, which will roll out free Wi-Fi on public transport next year. In Kenya, however, the authorities are busying themselves with filtering access to adult content websites in order to “curb teenage pregnancies.”
The usual global tech giants were active over the course of the month, with Google launching Google Station in the Nigerian capital Abuja. Google Station is a platform for the provision of free Wi-Fi hotspots in public places, and its deployment in Abuja follows its launch in Lagos in July.
Uber and Careem do battle in Egypt
Another major firm that had a busy month was Uber, which launched a bus-hailing service in Egypt, where it will go head to head with the Dubai-based Careem, which has done exactly the same thing.
Uber has also launched 24-hour helplines for drivers and riders in Kenya and South Africa, but will have to contend with the new Nairobi County Finance Bill in Kenya, which will see ride-hailing companies pay an annual licensing fee.
And that was December in Africa. Happy New Year everyone!
Get the TNW newsletter
Get the most important tech news in your inbox each week.