StartUps
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Startups
Applications for the Visa Everywhere Initiative 2024 Open
Visa has opened applications for its 2024 edition of the Visa Everywhere Initiative (VEI), a global open innovation program and…
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Startups
Ghana’s health-tech startup Rivia acquires SaaS company Waffle to expand digital healthcare network
Ghana-based health tech leader Rivia has announced the acquisition of Waffle, another Ghanaian SaaS company specializing in software for small…
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Startups
Nigerian fintech Zone raises $8.5m to scale its decentralized payment infrastructure
Zone, the Nigerian payment infrastructure company has raised $8.5 million in an oversubscribed seed funding round led by VC firms…
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Startups
Village Capital launches call for startups in Africa focused on Greentech
Village Capital, with support from Moody’s Foundation, have launched Greentech 2024: The Future of Sustainability, an investment-readiness accelerator. The program…
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Startups
Empowering Innovation: OPPO’s Strategic Collaboration with Startups on Tech Advancements
Today, with 150 million startups worldwide and another 50 million launching each year, innovation and creativity are reshaping industries. However,…
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Startups
Founders Factory Africa LIVE podcast details the importance of choosing the right capital in 2024
Founders Factory Africa recently hosted a live version of The African Pre-seed Podcast. The episode focused on the good and bad…
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Startups
Nigerian debt recovery startup BFREE secures $2.95m funding
BFREE, a Nigerian tech-enabled debt collection startup has secured $2.95 million in fresh funding, to redefine debt collection in Africa.…
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Startups
Strategic policies needed to grow the startup ecosystem in Africa, Mozilla study
The last couple of years have been very interesting for the African startup ecosystem. 2023 specifically saw a rebalancing of…
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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Startups
Empowering Africa’s Economic Future: Fintech’s Role in Driving Financial Inclusion in Africa
In recent years, Africa has emerged as a hotbed for innovation and entrepreneurship, with its rapidly growing population and increasing…
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News
Kenya’s Technological and Entrepreneurial Landscape Altruist
Africa’s tech scene is experiencing a vibrant boom, and Kenya stands at the forefront, earning the moniker “Silicon Savanna.” Today,…
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News
Catalyst Fund Invests $1.8M in African Climate Startups
The Catalyst Fund today announced an investment of $1.8 million in 9 early-stage climate tech startups across Africa. This brings…
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News
Visa Africa Fintech Accelerator program hosts first demo day in Nairobi
Visa held its Africa Fintech Accelerator program first demo day on February 13th in Nairobi to showcase innovations from emerging…
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News
EABL parent firm picks Kenyan startup for inaugural growth accelerator programme
Kenyan startup Wowzi has been selected to join the first cohort of Diageo PLC’s growth accelerator programme through Diageo’s work…
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News
Unlocking the Potential of Startups in Africa: Breaking Down Barriers for Lending to Micro and Small Businesses in Africa
In the dynamic landscape of Africa’s economic growth, small businesses and startups stand as the backbone of innovation and employment…
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News
Venture Capital in Africa: A Broken System in Need of Repair
In recent years, Africa has been touted as the next frontier for investment, with its burgeoning tech scene and a…
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News
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
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News
alGROWithm secures funding to scale its Growth Talent Accelerator Program across six African countries
In March 2022, alGROWithm announced an initiative where they started building Africa’s first-ever Growth Talent Accelerator Program (GTAP). Fast forward…
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News
Kenyan agritech startup Shamba Pride raises $3.7M
Shamba Pride, the Agri SME based in Kenya has raised $3.7 million from EDFI AgriFI – the EU Agriculture Financing Initiative…
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News
Safaricom and partners launch accelerator program for local startups
Kenya’s leading telco Safaricom has launched an accelerator program targeting local startups. Known as Spark Accelerator the program aims to…
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News
Kenyan startups raised highest amount of funding in Africa in 2023
2023 was an interesting year for African startups. According to ‘Africa: The Big Deal’, a tech research firm, the year…
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News
Parcel shipping platform TUNL raises $1 million to accelerate growth of e-commerce exports from Africa
TUNL, a South African parcel shipping platform has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa…
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News
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
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News
FinTech startup Grey unveils new look to boost global expansion
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans has rebranded completely with…
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News
President Ruto commits to sign Startup Bill into law by April 2024
In a move expected to boost the country’s startup ecosystem, Kenya’s President William Ruto has promised to sign the Startup…
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News
Estonian flagship startup event Latitude59 to be hosted in Nairobi
Latitude59, Europe’s premier startup and tech event is coming to Nairobi. The event which has been running for 11 years…
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News
Endeavor Kenya launches scale-up program for high growth founders in East Africa
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched the ScaleUp Program, its inaugural cohort-based initiative for high-growth…
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News
Kenya’s MPost relocates its headquarters from Nairobi to Rwanda
MPost, the Kenyan tech startup that transforms mobile numbers into virtual addresses is relocating its headquarters from Nairobi to Rwanda…
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News
Lawyers Hub opens applications for the 2023 Startup Law Accelerator
Lawyers Hub has opened applications for its 2023 Startup Law Accelerator program. The Africa Startup Law Accelerator seeks to accelerate…
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News
Here are the five South African startups selected for the Irish Tech Challenge 2023
The five selected for the Irish Tech Challenge South Africa 2023 have been revealed. Now in its second successful year, the…
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News
MarketForce closes shop in three out of its five African markets, what’s next?
Kenyan B2B e-commerce startup MarketForce has wound up operations in three of its five markets in Africa. The startup is…
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News
Seven Kenyan women-led startups receive Ksh. 9.8 million funding from Standard Chartered Bank
Standard Chartered Kenya on Wednesday awarded KES 1.4 million (USD 10,000) each to seven women startups that graduated from its…
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News
Kuramo Capital to invest $150 million in women-led startups across Africa
Kuramo Capital Management, a Sub-Saharan Africa (SSA) focused investment management firm has revealed plans to invest $150 million (Ksh. 22…
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News
South African logistics startup Tripplo raises $1.8m funding
South African logistics software platform Tripplo, has closed its seed funding extension round with a $1.8 million equity investment. The…
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News
Nigerian mobility startup Treepz launches insurance program for car rentals in Africa
Treepz, the African car-sharing and rental marketplace is introducing an insurance program for car rentals in the continent. The program,…
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News
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Nigeria’s agritech startup ThriveAgric has launched a new project to empower 125,000 smallholder farmers with financial inclusion access. Know as…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
11 African startups selected for Google’s inaugural Africa AI First Accelerator program
Google today unveiled the first cohort for its ‘Google for Startups Accelerator: AI First’ program. The 11 startups, picked from…
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News
$1 million Africa Blue Wave initiative to support tech startups in Africa launched
BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have launched the Africa Blue Wave, a…
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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Five African health-tech startups among 30 selected for Google for Startups AI Program
The Google for Startups Growth Academy: AI for Health has unveiled the thirty startups from around the world selected for…
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News
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
Five Kenyan cleantech startups selected for JICA’s Project NINJA accelerator 3rd cohort
Five Kenyan cleantech startups have been selected to take part in the 3rd cohort of Japan International Cooperation Agency’s (JICA)…
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Startups
Uganda’s agritech startup Emata raises $2.4 million seed funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending…
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News
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40 million fund to invest in climate tech startups…
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News
Five African transport and e-commerce startups emerge from GIZ LoT 17 program
Seedstars and Lab of Tomorrow (LoT) have announced the conclusion of LoT 17, an innovative program aimed at transforming Nigeria’s…
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News
Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz, the African car-sharing and rental marketplace is among the 12 startups selected to to participate in this year’s VC4A…
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News
Google announces AI First accelerator program for African startups
Google today announced the launch of a new accelerator program to support Artificial Intelligence (AI) startups in Africa. The “Google…
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News
Eric Jackson takes over as new Hisa CEO
Kenyan fintech Hisa has announced the appointment of Eric Jackson as its new Chief Executive Officer (CEO). Jackson takes over from…
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News
List of 12 growth stage startups selected for 2023 VC4A Venture Showcase Africa
Leading startup platform in emerging markets VC4A has announced the 12 African startups that have been selected to participate in…
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News
Founders Factory Africa secures $144 million to invest in more early-stage startups
South Africa-based venture builder, Founders Factory Africa has secured an additional $114 million in funding to scale its hybrid tech…
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News
Kenyan logistics startup Sendy reportedly up for sale
Sendy, the Kenya Fulfillment and logistics startup is reportedly up for sale. Techcabal reports that the startup is currently at…
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Startups
Safaricom to start investing in tech startups with two new subsidiaries
Kenya’s leading telco Safaricom will soon start investing in local tech startups after its shareholders approved two new subsidiaries. The…
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News
Copia confirms it’s laying off 350 employees
Kenyan Last-mile delivery and eCommerce platform Copia has confirmed that it’s indeed laying off 25% (around 350 members) of the…
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News
Africa-focused pre-seed investment program Madica announces new leadership appointments
Madica, an Africa-focused investment program dedicated to pre-seed stage startups in Africa, has announced two new leadership appointments. The Flourish…
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Startups
Zuri Health raises an undisclosed amount for funding from Five35 Ventures
Six months after raising an undisclosed amount of funding from Moroccan VC UM6P Ventures, Kenyan health-tech startup Zuri Health has…
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News
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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News
World Bank awards 10 Southern African fintech startups $5,000 each
10 Southern African fintech startups have each received $5,000 (R94,020) from the World Bank to help bridge the gap in…
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News
Influencer Marketing Platform Aifluence wins of the Visa Everywhere Initiative Kenya Finals
AIfluence, the Kenyan AI-driven Influencer Marketing Platform has been named the winner of the Kenya edition of the 2023 Visa…
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News
Mobility financing startup Moove raises $8 million financing from Absa Bank
Moove, the mobility fintech startups has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding…
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Startups
CNN’s Connecting Africa explores Nairobi’s role as a technology hub
In the latest episode of Connecting Africa, CNN International’s Eleni Giokos visits Nairobi to see the role technology can play in boosting…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
Power Learn Project Alumni Startup, Payd, Wins Mozilla Africa Mradi Innovation Challenge Grant
Payd has been named among the winners of the prestigious Mozilla Africa Mradi Innovation Challenge, a competition sponsored by Mozilla…
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News
15 Women-led startups selected to join Cohort 6 of Standard Chartered’s Women in Tech program
Standard Chartered Kenya in partnership with @iBizAfrica- Strathmore University has announced the fifteen women-led startups that will be joining the…
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News
5 Kenyan startups among the 25 selected to receive $4M Google for Startups’ Black Founders Fund
Five Kenyan startups are among the twenty-five from across Africa that have been selected for this year’s $ 4 Google…
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Startups
Regional winners of the Global Startup Awards Africa announced
Seventy-one startups from across Africa have been named regional winners at this year’s Global Startup Awards (GSA) Africa – the largest, independent startup ecosystem competition…
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BUSINESS
AfriLabs Welcomes 19 New Members, Expanding to Two New Cities
AfriLabs, the largest network of technology and innovation hubs in Africa has announced the admission of 19 new members to…
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News
Nigerian Based Startup Figorr Raises $1.5M in Seed Funding
Nigerian-based cold-chain startup Figorr has secured $1.5 million in seed funding and has since rebranded from Grcd to Figorr. Its…
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News
PATRICK NDEGWA: Kenya’s startup ecosystem is set for growth in 2023 and beyond
Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and…
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News
M-KOPA raises $250M in debt, equity to scale its asset finance platform across Africa
Asset financing platform M-Kopa has raised $250m in new funding to expand its services across Sub-Saharan Africa. The funding includes…
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Startups
Nigerian Startup Slashes Paperwork for Doctors Across Africa Using AI
As a medical doctor in Nigeria, Tobi Olatunji knows the stress of practicing in Africa’s busy hospitals. As a machine-learning…
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Startups
South African healthtech startup Guidepost unveils chatbot to help diabetic patients manage their condition
One in nine South Africans is affected by diabetes, which is also the number one killer of women and the…
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Startups
10 startups selected for the inaugural Qualcomm Make in Africa Mentorship program
Qualcomm has announced the 10 startups selected to participate in the inaugural Make in Africa startup mentorship program. The program…
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News
Tanzania’s NovFeed named overall winner of the $1M Milken-Motsepe Prize in Agritech
NovFeed, a biotech company based in Tanzania is the overall winner of this year’s Milken-Motsepe Prize in Agritech. The startup…
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News
Nigerian online training provider Blurpe launches talent linking tool
Nigerian online training company Blurpe has launched a new product dubbed Talent Pool, aimed at linking marketing specialists in Africa…
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News
Nigerian counterfeit tracking startup Chekkit has raised undisclosed amount of funding
Nigerian startup Chekkit has secured an undisclosed amount of funding to help it scale its blockchain-powered drug safety and tracking…
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News
SA agritech startup FarmTrace raises funding to scale its solutions
South African agri-tech startup FarmTrace has raised an undisclosed amount of funding from Secha Capital and Hassium Capital. The company…
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News
Flutterwave selects Nairobi, Kenya as its regional headquarters for East Africa
Flutterwave, the African fintech firm is setting up its regional headquarter for East Africa in Nairobi Kenya. This announcement was…
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News
Visa Everywhere Initiative 2023 applications open in Kenya
Payments firm Visa has opened applications for the 2023 edition of the Visa Everywhere Initiative (VEI). The global open innovation…
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News
Nigerian crypto startup Lazerpay shuts down after failing to raise funds
Nigerian crypto payment platform Lazerpay has declared its intentions to shut down after failing to raise a successful funding round.…
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News
Nigerian health-tech startup Healthlane is restructuring as it struggles to remain afloat
Nigerian health-tech startup Healthlane has announced plans to change its business model, following months of operational struggles and little business.…
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News
Kenyan agritech Victory Farms raises $35 million Series B funding
Victory Farms, a Kenya-based aquaculture startup operating around Lake Victoria has raised $35 million in Series B round. Previously the…
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News
Mama Fua among seven startups awarded Ksh1 million each by Mozilla
Seven startups from Uasin Gishu county have received Ksh. 1 million each from Mozilla and the Gladys Boss Foundation to…
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News
DFC invests $25 million in Pan-African VC firm Novastar Ventures
The U.S International Development Finance Corporation (DFC) has invested $25 million in a new fund by Pan-African venture capital firm…
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News
This African startup hopes to make delivery of small parcels cheaper
SkyCliQ, a startup hoping to democratize the small parcel delivery segment has launched its waitlist for community-based shopping and delivery.…
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News
[Nigeria] Mobility Startup Shuttlers Has Raised $4M for Expansion
Nigerian shared mobility startup Shuttlers has raised $4 million in a new funding round to facilitate expansion. The startup was…
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News
Connected Summit 2023: Government reiterates its commitment to support local startups
Prime Cabinet Secretary Musalia Mudavadi has reiterated the government’s commitment to promoting technology and innovation in the country by supporting…
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News
Zuri Health Launches digital outpatient service for SMEs
Zuri Health, the Kenyan health-tech has launched a new digital outpatient service designed specifically for small and medium-sized enterprises (SMEs).…
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News
Dream VC Opens Applications for its 2023 Talent Accelerator Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2023 Accelerator Program for VCs in Africa. …
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News
Factor[e] Ventures launches new venture studio for African startups
Factor[e] Ventures has launched a new venture studio targeting tech startups in Africa. Known as Delta40, the studio aims to…
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News
Kenyan startup ecosystem has a significant competitive edge globally, report
A comprehensive, in-depth report funded by the UK government has given Kenya’s startup ecosystem a thumbs up, noting that it…
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News
ARM Labs Lagos Techstars Accelerator Concludes Inaugural Program with Demo Day
Techstars, in partnership with Lagos-based innovation program ARM Labs, marked the completion of its inaugural ARM Labs Lagos Techstars Accelerator…
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News
[Nigeria] Government launches a $672 million fund to support tech startups
Nigeria has set aside a $672 million fund to support young investors in the tech and creative industries, The introduction…
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News
Google opens applications for 3rd cohort of Black Founders Fund 2023 for Africa
Google has opened applications for this year’s Black Founders Fund for Startups in Africa and Europe. Startups from Africa applying…
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News
Kenya’s Elizabeth Mwangi wins the $30k Aurora Tech Award 2023 for her ‘Mama Fua’ app
Elizabeth Mwangi, the founder of Gwiji, the Kenyan startup that economically empowers women from the slums of Nairobi is the…
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News
Kenyan construction tech startup Jumba has raised $4.5M seed funding
Jumba, Kenya’s construction startup has raised $4.5M in a seed funding round. The startup facilitates retailers of construction materials to…
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News
Nigerian mobility startup Treepz launches its operations in Kenya
Treepz, a Nigerian-based mobility startup that offers diverse car-renting options for its customers has announced its entry into the Kenyan…
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