Startups

News updates on startups in Africa. Send tips to info@techtrendske.co.ke.

Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa

Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa

Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
Sankore Pitch Competition is coming to Nairobi targeting blockchain startups

Sankore Pitch Competition is coming to Nairobi targeting blockchain startups

Nairobi-headquartered blockchain community Sankore is launching the Sankore Pitch Competition Tour (PCT) in Nairobi.  The pitching competition is targeting startups…
Kenyan BNPL Startup Lipa Later Secures $12M funding to Expand Across Africa

Kenyan BNPL Startup Lipa Later Secures $12M funding to Expand Across Africa

Kenyan buy-now-pay-later (BNPL) startup Lipa Later has raised $12 million funding from a consortium of investors to expand its operations…
Bolt raises €628M, its largest funding ever, to boost growth

Bolt raises €628M, its largest funding ever, to boost growth

Ride-sharing and food courier service Bolt has raised €628 million at a valuation of €7.4 billion. The round is Bolt’s…
Ivorian e-commerce startup Afrikrea raises $6.2M in pre-Series A, rebrands to “ANKA”

Ivorian e-commerce startup Afrikrea raises $6.2M in pre-Series A, rebrands to “ANKA”

Afrikrea, an Ivorian e-commerce startup has raised $6.2M pre-Series A round led by Investisseurs & Partenaires. The startup has also…
Egyptian fintech startups called to apply for Orange Ventures seed challenge

Egyptian fintech startups called to apply for Orange Ventures seed challenge

Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from…
Kenyan fintech startup Alvin raises $740,000 pre-seed funding

Kenyan fintech startup Alvin raises $740,000 pre-seed funding

Kenyan fintech startup Alvin has raised a $740,000 pre-seed funding round led by Nigerian venture capital firm, Ingressive Capital. Other…
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021

Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021

Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
Ghanaian health tech startup mPharma secures $35million Series D funding for expansion

Ghanaian health tech startup mPharma secures $35million Series D funding for expansion

Ghanaian health tech startup mPharma has raised $35 million in a Series D round led by Citigroup Inc. Other investors…
The Tony Elumelu Foundation opens applications for its $5000 2022 Entrepreneurship Programme

The Tony Elumelu Foundation opens applications for its $5000 2022 Entrepreneurship Programme

The Tony Elumelu Foundation (TEF) has opened applications for the 2022 TEF Entrepreneurship Programme. The programme is open to African…
SA Online home services platform, SweepSouth acquires Egyptian start-up, Filkhedma

SA Online home services platform, SweepSouth acquires Egyptian start-up, Filkhedma

South Africa’s online home services platform, SweepSouth has announced its acquisition of Egyptian startup, Filkhedma as it continues its African…
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth

Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth

Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
FSD Africa announces a £3m investment in Kenyan fintech firm MFact

FSD Africa announces a £3m investment in Kenyan fintech firm MFact

FSD Africa Investments (FSDAi), the investing arm of FSD Africa, has today announced a £3m investment in Kenyan fintech firm…
Fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services

Fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services

Kenya’s fintech startup Tanda has today announced a new partnership with Twiga Foods that will see Twiga vendors become a…
AfDB to invest $170 million in Nigerian startups

AfDB to invest $170 million in Nigerian startups

The African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises program…
Ventures Platform Closes its First $40M Pan-African Fund

Ventures Platform Closes its First $40M Pan-African Fund

Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across…
How to Start a Startup

How to Start a Startup

A startup is just like any other business, a very big effort on the part of the one who sets…
Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding

Nigerian online learning platform Edukoya raises $3.5 million in pre-seed funding

Nigerian online learning platform Edukoya has raised $3.5 million in pre-seed funding led by European VC firm Target Global. The…
Kenyan startup Wowzi raises $3.2 million seed funding to expand across Africa

Kenyan startup Wowzi raises $3.2 million seed funding to expand across Africa

Kenyan startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa. The round was…
PAC Holdings sets up The Catalyst VC project to invest in African startups

PAC Holdings sets up The Catalyst VC project to invest in African startups

PanAfrican Capital Holdings (PAC Holdings) has set up The Catalyst, a venture capital project, to identify and invest in growth to product-expansion…
Kenyan e-health startup Zuri Health launches in Senegal

Kenyan e-health startup Zuri Health launches in Senegal

Kenyan health tech startup Zuri Health has launched its operations in Senegal. The startup has partnered with Expresso Senegal to launch…
Egypt-based media and entertainment startup Minly acquires UAE’s shoutout platform Oulo

Egypt-based media and entertainment startup Minly acquires UAE’s shoutout platform Oulo

Minly, the MENA region’s media and entertainment startup has announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused…
Auto financing startup Autochek Africa begins loan services for brand new cars

Auto financing startup Autochek Africa begins loan services for brand new cars

In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new…
AUDA-NEPAD, JICA, Afreximbank and BCG partner to support 5 Kenyan healthcare startup

AUDA-NEPAD, JICA, Afreximbank and BCG partner to support 5 Kenyan healthcare startup

The African Union Development Agency (AUDA-NEPAD), Japan International Cooperation Agency (JICA), African Export–Import Bank (Afreximbank) and Boston Consulting Group (BCG)…
Kwara partners with Workpay to offer HR and Payroll services to SACCOs in Kenya

Kwara partners with Workpay to offer HR and Payroll services to SACCOs in Kenya

Kenyan fintech startup Kwara has partnered with Workpay to offer SACCOs in Kenya with human resource management and payroll processing solutions. The partnership…
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa

TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa

Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
Egyptian fintech startup KlickIt raises undisclosed amoung of funding

Egyptian fintech startup KlickIt raises undisclosed amoung of funding

Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
Kenyan team wins regional $5k IBM award for developing solution to help reduce food waste

Kenyan team wins regional $5k IBM award for developing solution to help reduce food waste

Kenyan team Mavuno Link are the Middle East and Africa Regional winners of these years IBM and David Clark Caus…
Pan African smart technologies venture studio Adanian Labs opens applications for its 2021 venture building program

Pan African smart technologies venture studio Adanian Labs opens applications for its 2021 venture building program

Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa has…
Kenyan fintech startup Asilimia raises $2 million in pre-seed funding

Kenyan fintech startup Asilimia raises $2 million in pre-seed funding

Kenyan fintech startup Asilimia has raised $2 million in pre-seed funding to expand its operations to new markets in East Africa.…
28 businesses to take part in this year’s GrowthAfrica circular economy accelerator

28 businesses to take part in this year’s GrowthAfrica circular economy accelerator

Africa’s business accelerator GrowthAfrica has kicked off a circular economy focused accelerator programme targeting innovative ventures across Kenya, Uganda, and…
South Africa’s fintech firm Ozow raises $48 million Series B round

South Africa’s fintech firm Ozow raises $48 million Series B round

South African fintech firm Ozow has raised a US$48 million Series B funding round led by Chinese internet giant Tencent. …
Kenyan gaming startup Usiku Games develops Africa’s first mobile football game

Kenyan gaming startup Usiku Games develops Africa’s first mobile football game

Kenyan gaming startup Usiku Games has unveiled an amateur football mobile game to promote outdoor physical activities and encourage sportsmanship…
Sendy targets online retailers with a new fulfillment service

Sendy targets online retailers with a new fulfillment service

Kenyan tech-logistics startup Sendy has launched a fulfillment service for online retailers in the country. Sendy Fulfillment is a digital-enabled…
Israeli femtech startup illumigyn bringing its gynecological imaging platform to Nigeria

Israeli femtech startup illumigyn bringing its gynecological imaging platform to Nigeria

illumigyn, the world’s first remote gynecological imaging platform has announced plans to deploy 5,000 Gynescopes in Nigeria by 2026. The…
South Africa’s emergency marketplace AURA secures $4.7m Series A funding for global expansion

South Africa’s emergency marketplace AURA secures $4.7m Series A funding for global expansion

AURA, a South-African security and medical response marketplace has secured $4.7 million in a Series A funding round, led by …
Kenyan mental health startup Shamiri Institute raises $1 million, expands to the rest of Africa

Kenyan mental health startup Shamiri Institute raises $1 million, expands to the rest of Africa

Shamiri Institute, a Kenyan mental health startup has raised $1 million in funding from the Templeton World Charity Foundation to…
Nigerian Lending Startup Payhippo Raises $3 Million in Seed Funding

Nigerian Lending Startup Payhippo Raises $3 Million in Seed Funding

Payhippo, a lending startup that is widening credit access for small businesses in Nigeria, has raised $3 million in seed…
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya

Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya

Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
Zuhura Africa Launches the 3rd Edition of Africa Basque Challenge Targeting Healthtech Innovators

Zuhura Africa Launches the 3rd Edition of Africa Basque Challenge Targeting Healthtech Innovators

Zuhura Innovation Africa, a women-led and youth-focused organization has launched the 3rd edition of the Africa Basque Challenge (ABC) targeting…
Kenya-based electric mobility startup Opibus raises $7.5m funding

Kenya-based electric mobility startup Opibus raises $7.5m funding

Kenya-based electric mobility startup Opibus has raised US$7.5 million in equity and grant funding, the largest ever in an electric…
Electric vehicle startup BasiGo launches its operations in Nairobi

Electric vehicle startup BasiGo launches its operations in Nairobi

Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi. The company will provide electric buses for purchase…
Kenyan-based payroll startup Workpay expands to Nigeria

Kenyan-based payroll startup Workpay expands to Nigeria

Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core…
Four startups from Ghana join the Catalyst Fund Inclusive Digital Commerce accelerator

Four startups from Ghana join the Catalyst Fund Inclusive Digital Commerce accelerator

Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital…
2nd Cohort of NINJA Accelerator in Kenya kicks off

2nd Cohort of NINJA Accelerator in Kenya kicks off

5 Kenyan startups have been selected to be part of the 2nd cohort of NINJA Accelerator programme.   NINJA Accelerator is…
JAY-Z’s VC Firm invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

JAY-Z’s VC Firm invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse

Marcy Venture Partners (MVP), the Venture Capital Firm owned by American rapper, and businessman Jay-Z is investing in 24-year-old technologist…
Nigeria’s auto financing startup Autochek Secures $13.1mn Seed Funding

Nigeria’s auto financing startup Autochek Secures $13.1mn Seed Funding

Autochek, the Nigerian automotive startup which recently expanded to Kenya has secured $13.1mn in seed funding. The new round was…
African fintech startup Payday joins Techstars Toronto Accelerator program

African fintech startup Payday joins Techstars Toronto Accelerator program

Pan-African fintech startup Payday has joined Techstars Toronto Accelerator program. Techstars is an operational investment company that assists founders and…
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi

MFS Africa signs agreement to acquire Nigerian fintech startup Baxi

Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
Nigerian Fintech Startup Brass Secures $1.7M Financing Round

Nigerian Fintech Startup Brass Secures $1.7M Financing Round

Nigerian fintech startup Brass has secured $1.7mn in funding to address the heavily underserved banking needs of local entrepreneurs, traders and…
Climate-focused startups can now apply for the Africa ClimAccelerator programme

Climate-focused startups can now apply for the Africa ClimAccelerator programme

Africa ClimAccelerator has opened applications for its climate change accelerator programme. The Pan-African, cross-sector, climate-first accelerator is seeking fifteen startups…
Wapi Pay founders Eddie and Paul Ndichu step down from their roles

Wapi Pay founders Eddie and Paul Ndichu step down from their roles

Wapi Pay Board of Directors on Tuesday announced that the company’s founders; Eddie and Paul Ndichu will be stepping down…
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay

Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay

Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
Nigeria’s e-commerce startup Sendbox raises $1.8 million

Nigeria’s e-commerce startup Sendbox raises $1.8 million

Sendbox has announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs, and…
Nigeria’s auto financing firm Autochek officially launches in Kenya

Nigeria’s auto financing firm Autochek officially launches in Kenya

Autochek, the automotive technology company that aims to facilitate auto finance across Africa has officially launched its operations in Kenya. Having…
Nigeria’s Home Services App Eden Life Closes $1.4m Seed Round

Nigeria’s Home Services App Eden Life Closes $1.4m Seed Round

Nigeria’s home service startup Eden Life has announced that it has completed a $1.4m Seed round, led by UK-based LocalGlobe, along with…
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal

African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal

Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the…
Ian Lessem: The rise of African tech unicorns

Ian Lessem: The rise of African tech unicorns

African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or…
Google to invest $50M equity-based fund in African startups

Google to invest $50M equity-based fund in African startups

Last week, tech giant Google announced that it plans to invest up to $50 million in African early- and growth-stage startups…
Sendy acquires a significant stake in West African logistics startup Kamtar

Sendy acquires a significant stake in West African logistics startup Kamtar

Kenyan tech-logistics startup Sendy has completed a strategic equity investment in West African logistics platform Kamtar. On the heels of…
Benkiko Finance – Making Cryptocurrencies Easier To Use

Benkiko Finance – Making Cryptocurrencies Easier To Use

Benkiko is a Kenyan Blockchain startup that is working on a digital bank with the goal of making Cryptocurrencies easier…
Nigeria’s B2B payments platform Verto secures $10m Series A round for expansion

Nigeria’s B2B payments platform Verto secures $10m Series A round for expansion

Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led…
Unilever invites startups to partner through Positive Beauty Growth Platform

Unilever invites startups to partner through Positive Beauty Growth Platform

Unilever has announced the launch of the Positive Beauty Growth Platform, a new initiative that aims to partner with scale-ups…
SoftBank Leads a $200M Investment Round in Andela

SoftBank Leads a $200M Investment Round in Andela

Andela, the global network for remote engineering talent, has announced $200 million in Series E financing. The financing round which…
Africa’s crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent

Africa’s crypto exchange Yellow Card raises $15m Series A funding to fuel expansion across the continent

Pan-African cryptocurrency exchange, Yellow Card, announced a $15 million Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring…
Absa partners with Melanin Kapital to launch unsecured lending for women-focused startups in Kenya

Absa partners with Melanin Kapital to launch unsecured lending for women-focused startups in Kenya

Absa Bank Kenya has partnered with Pan African impact investment platform Melanin Kapital, to launch an investor readiness program for…
Lami Technologies and Sendy launch per-trip insurance policy for transporters in Kenya

Lami Technologies and Sendy launch per-trip insurance policy for transporters in Kenya

Kenyan insurance startup Lami Technologies and Sendy have today announced a new per-trip insurance policy for transporter in Kenya.  The…
Chinese ride-hailing firm DiDi Chuxing expands to Egypt

Chinese ride-hailing firm DiDi Chuxing expands to Egypt

After launching in South Africa in March this year, Chinese ride-hailing firm DiDi  Chuxing has now launched its operations in Egypt. …
Nigeria’s healthtech startup 54gene secures $25 million in a Series B round

Nigeria’s healthtech startup 54gene secures $25 million in a Series B round

Nigeria’s healthtech startup 54gene, has raised $25M in a Series B round funding to expand its capabilities to contribute to…
Pangea Trust opens applications for its Startup Connect Programme

Pangea Trust opens applications for its Startup Connect Programme

Pangea Trust has opened applications for its Startup Connect Programme. The programme was launched yesterday at an online event moderated by security…
Nigeria’s Agritech startup Releaf secures $4.2m seed funding to drive industrialisation of food processing in Africa

Nigeria’s Agritech startup Releaf secures $4.2m seed funding to drive industrialisation of food processing in Africa

Nigeria’s agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing has raised $2.7 million seed…
Nigeria’s auto financing firm Autochek acquires Cheki Kenya and Uganda

Nigeria’s auto financing firm Autochek acquires Cheki Kenya and Uganda

Autochek has on Monday announced that it has reached an agreement to acquire ROAM Africa’s automotive marketplaces Cheki Kenya and…
Endeavor Nigeria unveils inaugural cohort for its ScaleUp program

Endeavor Nigeria unveils inaugural cohort for its ScaleUp program

Endeavor Nigeria has unveiled the inaugural cohort of entrepreneurs for its new 10-week Endeavor ScaleUp Program that aims to support Nigeria’s…
LG Unveils Ksh 2 Billion Global Startup Innovation Contest

LG Unveils Ksh 2 Billion Global Startup Innovation Contest

LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas…
SWVL completes $35.5m pre-funding to accelerate growth strategy

SWVL completes $35.5m pre-funding to accelerate growth strategy

Dubai-based provider of mass transit and shared mobility solutions Swvl has completed a $35.5m pre-funding of the aggregate PIPE subscription.…
South African fintech startup SOL rebrands to SOLmate

South African fintech startup SOL rebrands to SOLmate

South African fintech startup SOL has announced that it’s rebranding to SOLmate. The online payment platform that offers clients a digital…
African-focused Payments Firm pawaPay Raises $9M Seed Funding

African-focused Payments Firm pawaPay Raises $9M Seed Funding

African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital,  Kepple Ventures,…
Arab Bank launches its fintech accelerator program for startups in Egypt

Arab Bank launches its fintech accelerator program for startups in Egypt

Arab Bank has launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back…
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus

Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus

Nigerian mobility startup Plentywaka has raised a $1.2 million seed funding round, after successfully ending the Techstars Toronto Accelerator Program…
Zepz, Formerly WorldRemit, Raises $292M Series E Financing, Achieves $5B Valuation

Zepz, Formerly WorldRemit, Raises $292M Series E Financing, Achieves $5B Valuation

Digital cross-border payments platform Zepz, formerly WorldRemit, has raised $292 million in new primary financing, achieving a valuation of $5…
Andela Learning Community Surpasses 100,000 Learners

Andela Learning Community Surpasses 100,000 Learners

Tech talent company Andela has announced that its developer learning community. Andela Learning Community (ALC) has now surpassed 100,000 learners.…
East African Startup ecosystem poised for massive growth in 2021

East African Startup ecosystem poised for massive growth in 2021

Africa has a very vibrant startup ecosystem. Even with the pandemic, these startups have gone ahead and raised massive funding…
East Africa’s Startup ecosystem players in Nairobi to design the future of Africa Tech

East Africa’s Startup ecosystem players in Nairobi to design the future of Africa Tech

Leading startup ecosystem players in Africa have today kicked off a two-day workshop to design solutions for challenges that the…
African Fintech startup Pngme raises $15m Series A funding

African Fintech startup Pngme raises $15m Series A funding

African fintech startup Pngme has raised $15 million in Series A funding as the company sets out to grow its…
Ecobank Opens Applications for its 2021 fintech challenge for African startups

Ecobank Opens Applications for its 2021 fintech challenge for African startups

Ecobank Group has opened applications for its 4th edition of the Ecobank Fintech Challenge. The challenge, the bank says is…
Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked

Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked

Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that…
Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments

Kenyan fintech startup Wapi Pay raises $2.2m funding to digitise Africa-Asia trade payments

Kenyan fintech startup Wapi Pay has raised $2.2 Million in pre-seed funding to scale up global payments and remittances between…
Bolt raises KES. 78 billion to expand its on-demand transportation network in Africa and Europe

Bolt raises KES. 78 billion to expand its on-demand transportation network in Africa and Europe

Ride-hailing startup Bolt has raised KES. 78 billion in a Series E funding round led by Sequoia Capital. This fund…
These Are The 25 African Female Founded Tech Startups Joining The CMM PR mentorship program

These Are The 25 African Female Founded Tech Startups Joining The CMM PR mentorship program

Twenty-five African female-founded tech startups have been selected for the second edition of The Future is  Female Mentorship Program. This…
5 Kenyan startups showcase their products at Japanese-led NINJA Accelerator program

5 Kenyan startups showcase their products at Japanese-led NINJA Accelerator program

5 Kenyan startups showcased their solutions during the 1st Demo Day of the NINJA Accelerator in the country, concluding the…
Nigerian Healthtech Startup Field Intelligence Expands into Eleven New Cities Across East and West Africa

Nigerian Healthtech Startup Field Intelligence Expands into Eleven New Cities Across East and West Africa

Nigerian healthtech startup Field Intelligence has expanded into Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and…
West African solar startup MyJouleBox secures €3m Series A round to boost growth in core markets

West African solar startup MyJouleBox secures €3m Series A round to boost growth in core markets

MyJouleBox, a solar distributor startup has completed a €3 million Series A. The round is aimed at strengthening its position…
UN announces winners of “Good Food for All” competition in Africa

UN announces winners of “Good Food for All” competition in Africa

Thirteen small- and medium-sized businesses from Africa and the Middle East have been announced as winners of the “Good Food…
Top African regions set to become leading startup and investment hubs

Top African regions set to become leading startup and investment hubs

On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy,…
KES 5.3 million accelerator programme launched to drive innovation in Kenya’s insurance sector

KES 5.3 million accelerator programme launched to drive innovation in Kenya’s insurance sector

FSD Africa, the Insurance Regulatory Authority, and Tellistic Technology Services have launched BimaLab, a KES 5.3 million accelerator programme designed…
Glovo Expands Reach To Thika And Kiambu Towns

Glovo Expands Reach To Thika And Kiambu Towns

On-demand delivery startup Glovo has expanded its operations to Thika and Kiambu towns. The expansion comes from the back of…
Egypt’s social e-commerce startup Taager raises US$6.4 million seed round

Egypt’s social e-commerce startup Taager raises US$6.4 million seed round

Taager, an Egyptian social e-commerce startup, has raised a US$6.4 million seed funding round to help it scale its platform…
Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round

Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round

Nigerian fintech and lending startup Lidya has announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital…
South African secure data collaboration startup Omnisient raises $1.4m for global expansion

South African secure data collaboration startup Omnisient raises $1.4m for global expansion

Omnisient, a South African secure data collaboration platform, has achieved its second raise this year totalling USD1.4 million.  The investments…
Banque Misr partners with Microsoft to support fintech startups in Egypt

Banque Misr partners with Microsoft to support fintech startups in Egypt

Banque Misr has signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in…
Kenyan startup MarketForce raises $2m pre-Series A to scale its B2B retail marketplace, RejaReja

Kenyan startup MarketForce raises $2m pre-Series A to scale its B2B retail marketplace, RejaReja

MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa has raised a…
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