It’s the Big 5 Daily!
William Sachiti, a Zimbabwean AI expert, has published an open-source technology dubbed ‘Trees of Knowledge.’ He aims to leverage technology to boost education in Africa via smartphones.
Farmcrowdy has acquired Best Foods Global Nigeria Limited—a livestock and seafood processing company. They will leverage this acquisition to launch retail meat hubs in Nigeria.
TLcom Capital secured a $71 million Tide Africa Fund. The firm plans to invest the funds in twelve African Startups who need seed-stage to series B funding.
Also, Egyptian startup Elmenus has secured $8 million in series B funding. UAE-based VC fund, Global Ventures, and Egypt’s Algebra Ventures co-led the financing.
Finally, following the Lagos Okada ban, bike-hailing startup, Gokada has reportedly laid off up to 80% of its employees. This is in a bid to cut costs as revenue is slow in coming.
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