Search Results for: equity
-
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…
Read More » -
News
Omanyala is Team Visa’s Newest Global Brand Ambassador
The Olympic & Paralympic Games Paris 2024 are set to happen in Paris and if you’re a sports enthusiast you…
Read More » -
News
Continued growth of Africa’s FinTechs can unlock greater economic prosperity
Africa is one of the fastest growing FinTech markets with revenue forecasted to grow 13 fold to $65-billion by 2030.…
Read More » -
Startups
Norrsken22’s tech growth fund closes at $205m to back African tech startups
Pan-African venture capital firm Norrsken22 has closed its first African technology growth fund at $205m, surpassing its target of $200m. …
Read More » -
News
VICTOR BASTA: The most valuable ‘white spaces’ today in African investing
In the vast and diverse landscape of African growth investing, more opportunities abound today than ever before. Africa’s recent growth…
Read More » -
News
Bootstrapping vs. Seeking Funding: Choosing the Right Path for Your Startup
Start your company without outside investment? Absolutely. In fact, many successful companies like Kilo Health have done just that. However,…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Cabinet cancels Ksh.6b Telkom Kenya purchase deal from Helios
The cabinet has cancelled the government’s purchase of the 60.0% stake in Telkom Kenya from London-based private equity firm Helios. …
Read More » -
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. …
Read More » -
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…
Read More » -
News
IFC announces a $3.4 million investment in African e-commerce platform ANKA
IFC has announced a $3.4 million equity investment in leading African e-commerce platform ANKA. The funding will allow ANKA, an…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Vertiv opens new office and customer showroom in Nigeria
Vertiv has today announced the opening of a new office and Customer Showroom in Lagos, Nigeria. The Lagos office is…
Read More » -
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…
Read More » -
News
Winners of the 2023 Digital Rights and Inclusion Learning Lab Fellows
Paradigm Initiative (PIN) has announced the three winners of its 2023 Digital Rights and Inclusion Learning Lab (DRILL) Fellowship. Mr.…
Read More » -
News
MEST Africa Opens Applications for its Startup Pitch Competition
MEST Africa has opened applications for its 2023 Challenge Startup Pitch Competition for African startups. This year, the program is…
Read More » -
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…
Read More » -
News
Huawei to connect special needs schools in Kenya with internet
Huawei Kenya is ramping up learners’ access to the Internet by extending the connectivity to children with special needs schools.…
Read More » -
News
Safaricom Ethiopia closes funding transaction from World Bank’s investment arms
Safaricom Ethiopia is set to receive funds from the World Bank Group, following the closure of the transaction during a…
Read More » -
News
QED Investors lead $12 million investment in Nigeria’s healthtech startup Remedial Health
Across Africa, 85 percent of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and) and Proprietary Patent Medicine Vendors…
Read More » -
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…
Read More » -
News
This is how much you will pay for your new Spotify premium subscription
Spotify just announced that it’s increasing premium subscription prices for its users around the world. The new price adjustment will…
Read More » -
News
MYDAWA raises $20m funding from Alta Semper Capital, acquires Uganda’s pharmacy chain Guardian Health
MYDAWA, the Kenyan health-tech startup famous for its e-pharmacy platform has received a US $20 million capital injection from private…
Read More » -
News
Safaricom picks new CEO for its Ethiopia business unit
Wim Vanhelleputte has been named the new CEO for Safaricom Ethiopia effective September 1. His appointment comes just a week…
Read More » -
News
The government is considering bailing out Telkom Kenya
Telkom Kenya has been hitting the headlines over the last couple of months following its full acquisition by the government…
Read More » -
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…
Read More » -
News
Renewable energy firm Africa REN secures €32M for its Walo Storage project in West Africa
Africa REN, a leading renewables project developer in West Africa has received a €32M debt financing of its Walo Storage…
Read More » -
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…
Read More » -
BUSINESS
Vice Media Files for Bankruptcy After 29 Years
After 29 years, VICE Media LLC, a trendsetting media company, has filed for Chapter 11 bankruptcy, a process that is…
Read More » -
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…
Read More » -
News
Kenya rolls out a QR code standard for facilitating digital payments
The Central Bank of Kenya (CBK) on Wednesday unveiled the Kenya Quick Response (QR) Code Standard 2023. The QR code…
Read More » -
News
Nigeria’s PSP Nomba raises $30 million Pre-Series B
Nigerian payment service provider Nomba has raised a $30 million Pre-Series B funding round to support the delivery of bespoke…
Read More » -
News
42Markets raises $10 million from Convergence Partners
42Markets Group, the financial and capital markets fintech investment group, has secured $10 million from Convergence Partners, to grow and…
Read More » -
News
YC-backed Curacel appoints Adam Jones to its advisory board
Curacel, a Nigerian YC-backed African insurance infrastructure startup has appointed Adam Jones to its advisory board to support ongoing growth across…
Read More » -
News
Copia suspends its recently established Uganda operations
A few months after opening new facilities in Uganda, Copia now says it’s suspending its operations in the country. The…
Read More » -
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…
Read More » -
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…
Read More » -
BUSINESS
Mobile money taxation could hamper financial inclusion gains in Africa, report
In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private sector and…
Read More » -
News
Spotify invests in Ghana’s community recording studio Vibrate Space
Spotify on Tuesday announced a new investment in Vibrate Space from its Creator Equity Fund to support emerging artists in…
Read More » -
News
AWS opens applications for its inaugural FinTech Africa Accelerator : How to apply
Amazon Web Services’ Startup Loft Accelerator has announced the inaugural launch of its AWS FinTech Africa Accelerator. The program is…
Read More » -
News
Tips to Keep Your Money Safe in the Era of Growing Digital Fraud
The financial sector has undergone a significant transformation over the years, owing to the rapid technological advancements. Banking, in particular,…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
News
Everyone has a role to play in financial fraud
For a long time now, financial service providers have sought to redefine the customer experience in the face of 21st-century technological…
Read More » -
News
Egyptian fintech MNT-Halan is Africa’s newest Unicorn after raising $400M
Egyptian fintech startup MNT-Halan has become Africa’s newest unicorn after raising $400 million in debt and equity funding, raising its…
Read More » -
News
South African grocery delivery startup Yebo Fresh raises 4.5 million in pre-Series A
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round. The pre-series…
Read More » -
News
[Kenya] Government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave Inc. This is according to a new report by…
Read More » -
News
Two Kenyan firms among 10 African startups selected for $2m Catalyst Fund
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a US$2 million investment into 10 startups building solutions…
Read More » -
News
Kenya Fintech startup Kwara Raises $3M Seed Extension
Kenyan fintech startup Kwara has raised a $3 million seed extension. The new investment was led by existing backers DOB Equity,…
Read More » -
News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
Read More » -
News
[Ghana] Logistics startup Jetstream raises $13m for expansion
Ghanaian e-logistics company Jetstream Africa has announced it raised $13 million in equity and debt pre-Series A financing. The debt…
Read More » -
News
Tanzania’s fintech NALA has expanded to 19 European countries
NALA, a Tanzanian fintech startup known for its remittance services to Africa has expanded to 19 more European countries. The…
Read More » -
News
Solar energy provider Sun King Raises $70M investment to expand throughout Africa and Asia
Pan-African producer of solar energy Sun King has raised $70 million equity investment from LeapFrog Investments and other investors. Sun…
Read More » -
News
Microsoft, Viasat team up to deliver internet access to 5 million people across Africa
Microsoft is teaming up with global telecommunications company Viasat to help deliver internet access to 10 million people around the…
Read More » -
News
Nigeria’s online furniture store Taeillo raises $2.5 million for expansion
Nigerian online store Taeillo has announced a $2.5 million funding round from Aruwa Capital, a growth equity and early-stage investor.…
Read More » -
News
Glovo appoints Caroline Mutuku Country Manager for Kenya
Caroline Mutuku is the new General Manager for Glovo Kenya. The multi-category platform announced her appointment on Wednesday. Mutuku joins…
Read More » -
News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
Read More » -
News
Fintech startup Hisa unveils real-time online stocks trading platform
Fintech startup Hisa has launched an application that allows Kenyans to invest in the stock market directly from their phones…
Read More » -
News
Kenyan Supply Chain and Logistics Startup Leta Secures $3M Funding
Kenyan supply chain and logistics startup Leta has secured a $3M pre-seed equity round led by 4Di Capital, Chandaria Capital,…
Read More » -
Startups
Kenyan fintech Hisa among 9 African startups selected for the second batch of €7.5 million Startup Wise Guys fund
Kenyan fintech Hisa is among the nine African startups selected for the €7.5 million Startup Wise Guys fund. Selected…
Read More » -
News
Wasoko dismisses reports that it has shut down its operations in Kenya
Kenyan-based B2B e-commerce startup Wasoko has dismissed reports that it has shut down its operations in the country. On Monday,…
Read More » -
Startups
Kenya’s home furniture startup MoKo has raised $6M to accelerate growth
MoKo has been around since 2014, a period in which the company has undergone a considerable metamorphosis. It was first…
Read More » -
News
Hisa among 7 Kenyan tech startups selected for MEST Africa Challenge 2022
Kenyan fintech Hisa Inc is among the 36 African startups selected for the 2022 MEST Africa Challenge. The mobile investment…
Read More » -
News
Kenyans in the diaspora can now pay bills on M-PESA via NALA Money
Tanzanian fintech startup NALA which was launched in 2018 to enable Africans in the diaspora easily send money home has…
Read More » -
News
Ugandan Digital Lender Numida Has Raised $12.3 Million in Pre-Series A Round
Ugandan fintech startup Numida has been in operation since 2017. The company has found its footing, offering customers loans ranging…
Read More » -
News
Biometrics tech firm iiDENTIFii raises $15 million growth capital
Biometrics tech firm iiDENTIFii has raised US$15 million growth capital, the largest African Series A in the identity verification space…
Read More » -
Startups
Nigeria’s restaurant management startup Vendease has raised $30 million to scale its food supply business
Nigerian startup Vendease which makes it easy for restaurants to access food supplies has raised $30 million in Series-A funding.…
Read More » -
News
Kenya’s Zuri Health and Damu Sasa to benefit from $7M fund from Bill Gates Foundation
Thirty companies from 14 African countries will benefit from a $7 million fund fronted by pan-African support organization Investing in…
Read More » -
News
Kenya is Hosting Polygon’s First Web 3.0 Bootcamp in Africa, here’s how to sign up
Polygon has opened applications for the Polygon bootcamp, an eight-week intensive mentorship program and hackathon in Africa. The Polygon Bootcamp…
Read More » -
News
Unicorn Growth Capital, EchoVC join Celo Foundation to support Web3 projects across Africa
Unicorn Growth Capital, an Africa-focused venture fund investing at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), and EchoVC,…
Read More » -
Startups
Kenyan insurtech startup Turaco raises $10M Series A funding
Kenyan insurtech firm Turaco has closed a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest…
Read More » -
News
Safaricom, NCPWD Link Persons with Disabilities with Job Opportunities Through Online Portal
Safaricom has partnered with the National Council of Persons with Disabilities (NCPWD) to connect persons with disabilities with job opportunities…
Read More » -
Interviews
[Interview] We’re consolidating African retailers’ business needs in one easy-to-use platform, MarketForce CEO
As the e-commerce marketplace expands, new players are stepping in to make it easy for merchants to source products and…
Read More » -
News
12 Kenyan Startups Selected for the 2022 Google Black Founders Fund
Tech giant Google has announced 60 qualifiers for the Google for Startups Black Founders Fund (BFF) for African startups. The…
Read More » -
News
Kenyan Court Freezes Another Sh400.6 Million Belonging to Flutterwave
Nigerian fintech Flutterwave is once again in the Kenyan courts for the wrong reasons. Early Tuesday, the High Court of…
Read More » -
Startups
Kenya’s Fintech Pezesha Has Raised $11 Million to Expand Across Africa
Pezesha, a Kenyan fintech that has built a platform where small and medium enterprises can access funding has raised $11…
Read More » -
News
Nigeria’s B2B e-commerce startup Omnibiz has raised $15 million to accelerate expansion
There is a growing number of startups across Africa that are helping to connect manufacturers with wholesalers and retailers. Nigeria’s…
Read More » -
News
Kenya’s Lori Systems has raised an undisclosed amount of funding from Google
Kenya e-logistics company Lori Systems which operates across East Africa has raised an undisclosed amount of Round B funding from…
Read More » -
News
Visa announces grant to support women entrepreneurs in Africa
Global payments firm Visa has announced a grant in support of African women entrepreneurs. The African Women Impact Fund (AWIF)…
Read More » -
News
Kenyan digital media houses win Google News Initiative Innovation Challenge
The news business has changed dynamically since the arrival of social media platforms. Media houses have been forced to become…
Read More » -
News
CBK Governor Says Flutterwave is Not Licensed To Operate In Kenya
The Governor of the Central Bank Of Kenya (CBK), Dr Patrick Njoroge has said that fintech companies Flutterwave and Chipper…
Read More » -
Startups
AfricInvest and Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
Africa’s multi-asset investment platform AfricInvest and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African…
Read More » -
Startups
Celo Announces New Web3 Fund for African Startups Adopting Crypto Strategies
Celo has launched a new programme to support African startups across payments, remittances, virtual assets, savings, and related financial services.…
Read More » -
Startups
Kenyan Court Freezes Flutterwave’s Bank Accounts Over Money Laundering Allegations
Nigerian unicorn fintech Flutterwave has lately been in the news for both good and bad reasons, but the unflattering reasons…
Read More » -
News
Flutterwave appoints ex-Goldman Sachs MD Gurbhej Dhillon as new CTO
Flutterwave has announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as its Chief Technology Officer (CTO). As…
Read More » -
Startups
Nigeria’s Moove has raised $20m debt funding from British International Investment
The British International Investment (BII) has extended $20 million in debt funding to Nigerian mobility startup Moove. The 4-year structured…
Read More » -
News
Moringa School raises an undisclosed amount of funding from Leading Investor Proparco
Learning-accelerator Moringa School has raised an undisclosed amount of funding from Proparco to support its expansion outside Kenya. The funding…
Read More » -
News
Investor Network Unveils Programme to Support Africa’s Sustainable Development Goal Targets
Africa is the most vulnerable to the effects of Climate Change despite contributing only 4% of carbon dioxide emissions. Yet,…
Read More » -
News
Kenyan insurtech firm mTek secures $3 million funding
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional …
Read More » -
News
GreenHouse Capital announces 13 startups selected for the Microsoft Scale-up Accelerator
Thirteen startups from East and West Africa are set to benefit from a six-week accelerator program by GreenHouse Capital and…
Read More »