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News
Smile Identity acquires Inclusive Innovations in its Africa expansion drive
Pan-African cyber security company Smile Identity has announced the acquisition of Inclusive Innovations, the parent comp of Appruve, a company…
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News
Payday re-launches in Rwanda, partners with Starlink to enable internet access
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their…
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News
[Kenya] Authorities arrest suspects for illegal online streaming
The Kenya Copyright Board (KECOBO) together with officers from the Directorate of Criminal Investigations (DCI) arrested an engineer and his…
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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
African blockchain startups raised $474 million in 2022, Crypto Valley report says
The growth of the African crypto market has been remarkable in spite of the ongoing crunch the industry is experiencing…
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News
inDrive launches Ksh. 2.3M hackathon seeking safety ideas in ride-hailing
inDrive, the ride-hailing company competing with Uber and Bolt for the urban market has launched an annual global hackathon seeking…
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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
Tunisia’s gaming platform CoaChess raises $191k to revolutionalize chess gaming using AI
The gaming industry in Africa has been experiencing commendable growth, as more developers build innovative products that are gaining popularity.…
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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
Nigeria’s Autochek Acquires Majority Stake in Egypt’s Car-Buying Platform AutoTager
Nigerian automotive technology company Autochek has acquired a majority stake in AutoTager, an Egyptian automotive technology company that makes it…
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News
9 more online taxi firms licensed by NTSA to operate in Kenya
The National Transport and Safety Authority (NTSA) has granted licenses to 9 more online taxi operators in Kenya, bringing the…
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News
Netflix has injected Sh23.5 billion into the production of African films since 2016
Movie streaming giant Netflix has spent KSh.23.5 billion ($175 million) in the production of films in Africa since it entered…
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News
Kenya receives $390m from World Bank to accelerate digital economy
The World Bank has approved a $390 million grant for Kenya’s Digital Economy Acceleration Project. This is the first phase…
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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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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
Two firms fined Ksh.5 million by ODPC for abusing customers personal data
The Office of the Data Protection Commissioner (ODPC) has issued a penalty notice against two companies, digital credit provider, Whitepath…
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Google now prohibits personal loan apps from accessing user data
Google has recently made great efforts to protect consumer interests on Play Store, in an effort to comply with emerging…
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News
Kampala to install 400 Internet towers in quest to become a smart city
Uganda’s capital city, Kampala needs 400 network towers to facilitate network signals in its bid to become a smart city.…
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News
[Interview] Visa Kenya’s Eva Ngigi-Sarwari on fintech and Gen-Z spending
We are living at an exciting time where technology has made it easier for people to access funding, invest and…
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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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Popular Crypto Trading Platform Paxful Shuts Down
Paxful, a popular Africa-focused cryptocurrency marketplace has announced that it’s shutting down and asked its users to withdraw their funds.…
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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
Kenya to launch first satellite next week
The Kenya Space Agency (KSA) has announced that the country will launch its first operational satellite next week in a…
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News
Safaricom has dropped 4G Wi-Fi routers prices by up to 40%
Safaricom has announced a drop in the prices of its 4G Wi-Fi routers by 40%. This makes the Safaricom home…
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News
European Union Extends Ksh 50 billion to Kenya for Electrification of BRT
Kenya has the desire to actualize the Bus Rapid Transit system to make public transport cost-effective and more efficient. However,…
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News
Today is World Backup Day. Have you Backed Up your Data?
On 31st March each year since 2011, the world celebrates World Backup Day, a day that reminds us of the…
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News
Creative Edge partners with global agency FCB for integrated marketing Solutions
Marketing communications agency, Creative Edge, has announced a partnership with FCB (Foote, Cone, and Belding), a global, fully integrated marketing…
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HMD Global plans to assemble some Nokia smartphones in Kenya
Finnish mobile phone manufacturer, HMD Global, the company that owns the Nokia brand has announced that it plans to assemble…
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News
South Africa leads the world as the most internet-addicted country
A study by Atlas VPN, a Delaware-based virtual private network company has highlighted that South Africa leads in most hours…
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Google takes down hundreds of Kenyan loan apps from Play Store
Google has removed hundreds of Kenyan-focused loan apps from Play Store, in compliance with the new digital lenders policy which…
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News
Fintech startup PayDay raises $3 million in seed funding
PayDay, the pan-African fintech startup has raised $3 million in seed funding. The round was led by Moniepoint Inc, with…
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News
Carrefour introduces self-checkout service at Nairobi’s Westgate store
Carrefour, one of Kenya’s most popular retail stores owned and operated by Majid Al Futtaim has launched a self-checkout service…
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News
[Interview] VENCO’s Reagan Mbitiru on how the proptech startup is helping manage African properties
The adoption of technology in the real estate management sector is still a very infant idea. There aren’t many solutions…
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African Market Intelligence Startup Rwazi Raises $4 Million Seed Funding
African market intelligence startup Rwazi has raised a $4 million seed funding round that was led by Bonfire Ventures and…
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News
Uber and Google partner to launch empowerment program for women drivers
Ride-hailing company Uber has launched a community-based women empowerment initiative for women drivers and delivery partners using the platform in…
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News
Liquid acquires leading cloud and cyber security provider in Egypt
Pan-Africa technology company Liquid Intelligent Technologies has acquired Cairo-based tech firm Cysiv MEA as it continues to expand its business…
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News
Kenyan e-commerce startup Zumi is shutting down
Zumi, a Kenyan B2B e-commerce marketplace connecting retailers of non-food products to suppliers is reportedly closing shop after failing to…
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News
[Interview] Wasoko’s Neeti Kaushik on e-commerce and how the company is formalizing trade in Africa
Wasoko is one of Africa’s leading and most dynamic e-commerce platforms helping to make same-day deliveries of fast-moving consumer goods…
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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
Flutterwave Secures Two Additional Licenses to Operate in Rwanda
Nigerian remittance company Flutterwave has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National…
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News
[Nigeria] Fintech startup OnePipe raises $4.8m to reach more SMEs
Nigerian fintech startup, OnePipe, has secured $4.8 million in debt funding from TLG Capital to drive the company’s inventory finance…
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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
Africa Data Centres Deploys Infrastructure Management Solutions Across its Facilities
Africa Data Centres (ADC) has partnered with TechAccess to implement Data Centre Infrastructure Management (DCIM) solutions across its facilities. The…
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News
Online University Nexford to starting offering courses in Kenya
Nexford University, a US-based learning institution founded in 2017 has announced its entry into East Africa, with Kenya as its first…
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News
Kenya Innovation Bridge Partners with Nakuru County to Showcase Innovations
The Kenya Innovation Bridge, a platform under the Kenya National Innovation Agency (KeNIA) has partnered with Nakuru County government to…
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News
Kenyans reduce spending on smartphones as inflation rises, report
A report by the International Data Corporation (IDC) has revealed that smartphone shipments to Kenya reduced by 13.5% year on…
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African fintech Chipper Cash reportedly searching for a buyer
Nigerian remittance company Chipper Cash is reportedly considering a sale, according to a report by Bloomberg. The company, which is…
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Zoho opens new headquarters and training center in Nairobi
Zoho Corporation, the Indian technology company building enterprise management solutions has announced the opening of its new headquarters in Nairobi.…
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News
Microsoft adds 13 new African languages to its translator service
Microsoft has added 13 new African languages to its Microsoft Azure Cognitive Services Translator, allowing text and documents to be…
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News
Startups Invited to Apply for iHub and Mastercard EdTech Accelerator Program
iHub Kenya has announced a partnership with Mastercard Foundation, aimed at empowering Edtech startups in Africa through an Accelerator Program.…
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News
Roam launches East Africa’s largest electric motorcycle plant in Nairobi
Swedish-Kenyan Electric Vehicle (EV) maker Roam has opened a 100,00-square feet production facility in Nairobi, which will serve as the…
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News
Spotify introduces new features for creators and artists
Just weeks after introducing a DJ feature on its app, Spotify has announced a set of new features on the…
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News
Nairobi County Partners With Safaricom to Revamp Revenue Collection
Successive Nairobi county governments have grappled with inefficient revenue collection systems since the devolved units came into operation. Every Governor…
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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
PesaPal to accept Airtel Money payments in Uganda
Nairobi-based fintech company PesaPal has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) and PesaPal Uganda to provide payment solutions…
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News
Ethiopia holds record for world’s longest internet shutdown, report
A report published by Access Now, a New York-based advocacy group has revealed that the ongoing internet shutdown in Ethiopia’s…
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News
Nigeria and South Africa on the radar over increased money laundering cases
The Financial Action Task Force (FATF), an intergovernmental organization that works to curb global money laundering and financial crime has…
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News
Flutterwave reportedly lost $4 million to hackers in early February
Nigerian fintech Flutterwave has reportedly lost $4 million to hackers who penetrated the company’s systems in early February. The money…
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News
Telecommunications firm Ericsson to pay $206 million penalty for bribery
Swedish Telecommunications company Ericsson has agreed to pay a $206 million penalty and at the same time pleaded guilty for…
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News
SanKalp Africa Summit 2023 folds up as Visa and other partners promise more commitment
The SanKalp Africa Summit 2023 came to a close on Wednesday this week, after two days of reflections, evaluation, and…
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News
SanKalp Africa Summit highlights role of impact-driven investment in the continent
The Sankalp Africa Summit which is taking place between March 1st and 2nd 2023 in Nairobi has brought together more…
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News
Nigerian Agri-FinTech Tingo partners with Visa for secure cashless transactions
Nigerian Agri-FinTech company Tingo has partnered with Visa to launch digital payment offerings in Africa. In a statement, the companies…
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News
Tech training company ALX and Mastercard announce fully funded training for African youths
ALX, a leading global provider of training in the tech industry has announced a partnership with Mastercard, that will see…
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News
CBK to launch DhowCSD, a digital platform for purchase of Treasury Bills and Bonds
Kenyans will from next month be able to buy government securities from a digital platform known as DhowCSD. The system…
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News
[South Africa] HealthTech startup Envisionit raises $1.65M to expand medical its imaging services
Envisionit Deep AI, a South African health-tech startup that uses AI to bridge the gap in diagnostic imaging, has raised $1.65m…
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News
Kenyan government Jitume ICT Labs to empower youths with digital skills
The Government of Kenya has launched the first regional Jitume ICT Labs in Uasin Gishu and Bungoma Counties, in a…
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News
Electric vehicle Roam partners with Europe’s Hitachi for transport electrification
Kenyan-based electric vehicle manufacturer Roam has signed a partnership with Hitachi Europe Ltd to make electric transport accessible in Africa.…
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News
Spotify has introduced AI-Powered DJ for more personalized music experience
Global music streaming giant, Spotify has launched a new feature called “DJ” to enhance users’ experience, offering more personalized choices…
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News
Tala loan disbursement hit Sh240 billion in eight years
Tala, one of Kenya’s most popular digital credit providers has revealed that it disbursed 3.5 million loans worth Sh240 billion…
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News
[Interview] Peppa.io’s Bankole Alao on how they’re helping grow e-commerce business in Africa
Trust is a key component in the success of e-commerce business globally. Buyers first seek sellers who look and sound…
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News
SA car-ownership financing startup Planet42 raises $100 million to scale its business
South African Car Subscription Startup Planet42 has raised $100 million in combined equity and debt funding. Launched in 2017, Planet42…
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News
Kenyan HR payroll startup WorkPay raises $2.7M funding to scale across Africa
WorkPay, a Kenyan HR management startup launched in 2019 has raised $2.7M to scale its operations across Africa. The full-stack…
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News
AfricaGoGreen Fund closes $47 million to support tech-focused green projects in Africa
The AfricaGoGreen Fund (AGGF) has raised $47 million in combined investments from top financial organizations, including the International Finance Corporation…
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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
Rwanda to connect 3,000 schools to the internet by 2024
Rwanda plans to connect 3,000 schools to the internet by 2024. This was revealed by Paula Ingabire, the country’s Minister…
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News
Here comes Showfa, Nairobi’s newest commission free ride-hailing company
Nairobi has welcomed its newest ride-hailing company known as Showfa, which will compete for the same cake with brands such…
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BUSINESS
M-PESA partners with Amazon in rush for the global remittance market
M-Pesa, Safaricom’s highly-regarded mobile money remittance service has signed a new strategic partnership with American e-commerce giant Amazon to provide…
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News
CcHUB to launch $15 million accelerator for the ed-tech startups in Kenya and Nigeria
Co-Creation Hub (CcHUB), touted as Africa’s largest innovation and incubation hub, has announced it is launching a $15 million accelerator…
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News
Kenyan Senate is spearheading talks with CBK to legalize crypto
The Kenyan Senate has taken a proactive step to engage the Central Bank in discussions that could see the country…
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News
Smart African Group launches Rifaly, an African-centered content streaming platform
Smart African Group (SAG) a company that builds technology solutions for Africa has launched Rifaly, a content aggregation platform aimed…
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News
Governor Sakaja meets Bolt founder a day after drivers threaten to strike
Just a day after drivers working with digital ride-hailing companies held demonstrations in Nairobi pushing for reduced commissions, Governor Johnson…
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News
Ethiopia sets $150 million license fee for M-pesa entry
The telecommunications landscape in Ethiopia has largely lagged behind its neighbors, owing to strict observance of monopolistic regulations. Until Safaricom…
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News
Bolt to invest over Ksh. 67 billion in Africa in expansion drive
Bolt has announced plans to invest €500 million (Ksh.67 billion) to enhance its operations across Africa over the next two…
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News
Pan-African cyber security firm Smile Identity raises $20m Series B
Smile Identity, a South African company that offers identity verification and Know Your Customer (KYC) services has raised $20 million…
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News
South Africa’s AI-based insurtech startup Naked raises $17 million Series B round
There have been significant efforts to increase insurance uptake across Africa, where reports show a very low market penetration for…
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News
AfDB opens ICT hub at USIU to boost digital skills
The African Development Bank (AfDB) has opened an ICT Centre of Excellence at the United States International University (USIU) Nairobi…
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News
Kenyan fintech Power raises $3 million in seed funding
Power Financial Wellness, a Kenyan fintech startup that seeks to advance the financial well-being of its customers has secured a…
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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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