Search Results for: equity
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Startups
Yellow Card Closes $33M Series C Funding to Accelerate Growth
One of Africa’s largest and first licenced on/off ramp Stablecoin, Yellow Card, has announced the closing of its Series C…
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Startups
Biogas Tech Firm Sistema.bio Secures $15M for Global Expansion
Sistema.bio, a biodigester technology firm has secured US$15 million in financing to fuel its global growth. The funding was led…
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News
KETRACO Seals KSh95.68 Billion Power Project Deal with Adani
Kenya Electricity Transmission Company Limited (KETRACO) has signed a new deal with Adani Energy Solutions for the development of transmission…
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COLUMNS
![[Gerald Maithya] What we can learn from Africa’s small business success stories](https://techtrendske.co.ke/wp-content/uploads/2024/05/Gerald-Maithya-Image-1-390x220.jpg)
Gerald Maithya: AI entrepreneurs hold the key to an era of unprecedented opportunity for Africa
It’s exciting to see how AI is opening up new possibilities for African entrepreneurs. Over the past few years, we’ve…
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News
Why 5G Mobile Subscriptions Are on the Rise in Kenya
5G mobile subscriptions are on the rise in Kenya. This is according to the latest insights from the telecommunications regulatory…
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News
LINX extends Nairobi network to PAIX data centres
The London Internet Exchange (LINX) is extending its African interconnection platform to PAIX Data Centres in Nairobi. The company says the…
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News
AfricArena Nairobi Summit 2024 to Boost Kenyan Startups’ Capital Raising
Nairobi’s tech ecosystem is vibrant, bustling with excitement. It’s alive with potential and promise. The upcoming AfricArena Nairobi Summit: Africa…
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News
KRA to leverage tech to boost tax collection
Kenya’s revenue collection agency KRA is seeking to implement technological advancements to enhance tax system and increase revenue collection following…
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Startups
Startups Selected for Britam’s BetaLab Incubation Programme Announced
Britam’s innovation hub, BetaLab, has announced the six fintech startups selected for its 12-week pre-incubation program. Britam says these startups…
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Startups
CityBlue Hotels invests in agtech startup Farm to Feed
CityBlue Hotels has taken an equity position in the B2B platform Farm to Feed which sources imperfect surplus produce directly…
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News
Unpacking SC Juza: Standard Chartered’s new mobile lending app
Standard Chartered Bank recently launched a short-term lending mobile app for its clients. Known as SC Juza, the bank says…
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News
Mastercard, AfDB join forces to accelerate digital transformation in Africa
Mastercard and the African Development Bank Group (AfDB) have launched a new alliance to extend digital access to critical services…
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BUSINESS
NCBA launches a suite of trustee services to safeguard collective solutions
NCBA Bank has launched a suite of trustee services solutions under the theme “Safeguarding Collective Investments”. This comes after the…
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CLOUD
PAIX Data Centres Expands Capacity in Ghana to 1.2 MW
PAIX Data Centres, a provider of data center solutions has announced the expansion of its facility in Accra Ghana to…
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News
[Gerald Maithya] What we can learn from Africa’s small business success stories
Africa is often hailed as the birthplace of some of the world’s most exciting tech startups. From Cape to Cairo,…
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Startups
Digital identity solutions provider Seamfix secures $4.5 million funding to expand across Africa
Seamfix, the Nigeria digital identity solutions provider, has secured $4.5 million from Alitheia IDF, a gender lens investing fund, in…
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Startups
Google Opens Applications for Startups AI Accelerator Africa
Google has opened applications for the 8th cohort of its Google for Startups Accelerator Africa program. Google said in a…
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Startups
Startups shortlisted for Qualcomm Make in Africa 2024 announced
Qualcomm Incorporated has announced the shortlisted startups for its Make in Africa 2024. The equity-free mentorship program identifies promising early-stage…
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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
Kenya’s BURN secures $12 million to expand its clean cooking products across Africa
BURN Manufacturing (BURN), a leading Kenyan clean cookstove manufacturer, distributor, and carbon project developer raised over $12 million to expand…
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Startups
Winner of the MEST Africa 2023 Challenge Announced
MEST Africa, the Pan-African tech entrepreneurship training program, seed fund, and incubator, has announced Koa Academy as the grand prize…
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News
Airtel and ATC team up to provide internet connectivity to schools across Kenya
Airtel has entered into a partnership with ATC Kenya to provide internet connectivity to 50 primary schools across the country. …
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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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News
Equitel becomes the first MVNO in Africa to launch 5G services
Equitel announced today that it has become the first mobile virtual network operator (MVNO) in Africa to launch 5G services. …
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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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INSURANCE
Britam targets insurtech and fintech startups with new incubation programme
Britam has launched Beta Lab, a new insurance innovation and acceleration programme to nurture budding insurtech and fintech startups. The…
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News
OX Delivers secures funding to roll-out affordable clean transport for Africa
OX Delivers, a UK-based emobility startup, has received a £1.2 million funding grant from Energy Catalyst as the company readies its next-generation affordable…
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News
Kenyan healthtech Ilara Health secures $4.2M to scale its tech-enabled primary care model
Ilara Health, the healthtech company digitising and consolidating highly fragmented primary care in Kenya, has today announced the close of…
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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
Investor Outlook Optimistic, says Standard Chartered Bank
Kenya’s fiscal policy is set to benefit from a renewed focus on managing external liquidity concerns recede even as fiscal…
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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
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
[South Africa] Convergence Partners fully acquires Datacentrix Group
Convergence Partners today announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has entered into a definitive agreement with Alviva…
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News
Remote Patient Monitoring: Drawbacks and Its Importance in Africa
1. Introduction Did you know that Remote Patient Monitoring (RPM) has been around for almost 150 years? In 1948, the concept…
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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
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…
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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.…
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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. …
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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…
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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,…
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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
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
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. …
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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
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…
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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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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
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…
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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
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.…
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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…
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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
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.…
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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…
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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…
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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
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…
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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…
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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…
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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…
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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
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…
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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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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…
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News
Three African women fund managers receive grant funding from Visa
Three women fund managers SME.NG (Nigeria), Altree Capital (Kenya), and Maia Capital (South Africa) are the selected recipients of Visa’s…
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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
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…
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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…
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News
Centre Launched to Support Social Justice Organisations Be Digitally Resilient
The Kenya ICT Action Network (KICTANet) in partnership with the Africa Internet Rights Alliance (AIRA) coalition members officially launched the…
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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…
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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…
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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…
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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
[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 concludes with a commitment to a digitally inclusive Kenya
The Connected Summit 2023 just came to an end in Diani, Kwale County, highlighting Kenya’s progress and potential for future…
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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…
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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…
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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…
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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,…
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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
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
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 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
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…
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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…
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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…
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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…
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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…
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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,…
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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…
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News
![[Ghana] Logistics startup Jetstream raises $13m for expansion](https://techtrendske.co.ke/wp-content/uploads/2023/01/image-copy-390x220.jpg)
[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…
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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…
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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…
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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…
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News
Government launches free public Wi-Fi at Wakulima Market
The Government through the ICT Authority this week launched Free Public Wi-Fi at Wakulima Market in Nairobi County’s Muthurwa area.…
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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.…
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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…
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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…
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