Plus: Hackers want ShopRite to pay for its customers’data.


Editor’s Note
- Week 29, 2022
- Read time: 5 minutes
In the past, we’ve done some reporting on gender imbalance in the startup funding landscape. But this week, we’re sharing some news about racist biases in the African funding space. It’s a situation we’ll be reporting on again soon, so we’d love to read your thoughts about it.
Have a great weekend.

Kelechi Njoku,
Senior Editor, TechCabal.

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Who brought the money this week?
- Africa-focused integrated tech company Cassava Technologies secured $50 million in investment from C5 Capital.
- Bloom, a Sudan-based fintech, raised $6.5 million in a seed round.
- Moroccan startup, Aza Petrolsolutions, raised $296,000 in funding from the Maroc Numeric Fund II.
- Carthay Afrivest Investment Fund (CAIF) raised $112 million to finance early- to growth-stage startups in Africa.
Puzzle: Guess the Currency.
We guessed Nigeria’s currency right!
Can you guess what the other currencies are?
What else to read this weekend?
- Co-founder of talent discovery startup Bubu Buna is not gunning to be Steve Jobs.
- Investor Hannah Subayi believes the gap between anglophone and francophone African startups is reducing.
- How Microsoft’s Redmond campus inspired this Zambia agritech startup.
Written by: Ngozi Chukwu
Edited by: Kelechi Njoku