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In May 2023, African startups raised $621.8 million from 34 fully disclosed* raises. Compared to May 2022 where African startups raised $437.1 million, this shows a 42% YoY increase. It's also a 379% increase from April 2023's $129.8 million.
Construction of the Harare-Beitbridge Road, the busiest highway in the country, is now under the guidance of Vice-President Emmerson Mnangagwa and all the obstacles that were hindering the project have been resolved. Deputy Transport Minister Michael Madanha told the Senate that more than 10 contractors were interested in the project but these had now been
Zimbabwe's gold-backed digital currency launches today. The tokens will be issued only for investment purposes, and available through banks. Zimbabweans can apply for a minimum of $10 for individuals and $5,000 for financial institutions. More in #TCDaily.
Vodacom has launched Mozambique’s first 5G network.
Under the headline Martial Law Looms, the August 9 edition of the independent weekly The Financial Gazette carried the following lead article by the paper’s political editor, Sydney Masamvu: Viewing cable 01HARARE2389, MEDIA REACTION ZIMBABWE DEMOCRACY BILL; HARARE If you are new to these pages, please read an introduction on the structure of a cable