StartUps
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Startups
Katapult VC Highlights Innovation and Growth in Climate-Tech and Agri-Tech at Africarena Summit
Katapult VC, a venture capital firm focused on technology solutions for climate, food, and ocean sustainability recently hosted a VC…
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News
Techstars and WirelessCar Launch Mobility Innovation Program
Pre-seed investor Techstars, and WirelessCar, the provider of connected vehicle services, are collaborating to launch the Techstars & WirelessCar Connected…
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News
Qualcomm Marks Year 2 of Make in Africa, Awards Aurora Health
Qualcomm on Tuesday announced the successful completion of the second year of its Make in Africa Startup Mentorship Program, culminating…
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News
E-Mobility Startup Ox Delivers Secures $163m Contract to Meet Growing Demand in Rwanda
OX Delivers, the UK e-mobility start-up, has secured a $163m contract to create its first franchise partner in East Africa.…
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Startups
African Startups Urged to Adopt Climate-Resilient Business Models
Startups have now been urged to embrace climate-resilient business models in the African Tech Sector. This is according to the…
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Startups
Senegal’s eMobility Startup Solarbox Africa Secures $1m Pre-Seed Funding
Senegal’s eMobility solutions provider and energy startup Solarbox Africa on Thursday announced the closing of its $1m Pre-Seed round. The…
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Startups
Money Flows Into Africa’s Climate Tech Startups
African climate tech startups are pulling in more money than ever before, overtaking fintech as the continent’s hottest investment sector.…
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Startups
African startups pitching at the finals of the L59 Pitch competition revealed
Latitude59 Kenya’s Pitch Competition has announced the 10 startups selected to compete for an invitation to Latitude59 2025 in Tallinn,…
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News
Finalists for the Fifth Edition of The Future Is Female Mentorship Program Announced
Twenty African female-founded tech startups have been selected for the fifth edition of The Future is Female Mentorship Program. The…
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News
Wasoko and MaxAB Tap Cruise CTO to Lead AI Initiatives
Wasoko and MaxAB, Africa’s largest B2B network of informal retailers, has announced the appointment of Mo Elshenawy as an Independent…
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Startups
Oyster Agribusiness raises $2million in funding to expand operations in Ghana
Oyster Agribusiness, an agri-tech company focused on climate-smart agriculture, has secured $2 million in funding to expand its operations and…
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News
BasiGo Secures $42 Million In Funding
BasiGo, the Kenyan electric vehicle manufacturer has closed US$42 million in new funding led by Africa50, the pan-African infrastructure investor…
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Startups
3 Kenyan fintechs selected for Milken-Motsepe Prize in FinTech
Three Kenyan fintech startups have advanced to the Semifinalist Round of the Milken-Motsepe Prize in FinTech, each receiving $100,000 in…
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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
[INTERVIEW] Lami’s Jihan Abass on Digital Revolution for Insurance Agents
The insurtech sector in Africa is rapidly evolving, driven by technological advancements and a pressing need for accessible insurance solutions. …
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News
Standard Chartered Awards Sh8.75 Million to 7 Women-led Startups
Last week, Standard Chartered Kenya, in collaboration with Strathmore University’s @iBizAfrica awarded Sh 8.75 million to seven women-led startups in…
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Startups
Tech Veterans-Founded XA Network Expands to Africa
XA Network, a leading investment network founded by tech alumni in Southeast Asia has expanded into Africa with the launch…
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Interviews
[Interview] Watu Africa’s Erick Massawe Explores E-Mobility Financing Trust Shifts
Asset financing for e-mobility is steadily gaining momentum in Kenya and across Africa, driven by increasing demand for Electric Vehicles…
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Startups
Why Now Is a Good Time to Invest in Venture Capital in Africa
The African venture capital ecosystem has encountered significant headwinds in recent times. According to research firm Africa: The Big Deal,…
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News
Unpacking The State of Fintech in Africa
The fintech sector in Africa has recorded rapid growth over the recent years to emerge as one of the most…
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News
Nigerian investment firm Risevest completes acquisition of Kenya’s Hisa
Nigerian fintech startup Risevest (Rise) has acquired Hisa, a Kenyan mobile investment platform that allows anyone in Kenya to invest in U.S.…
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News
Estonian flagship startup event Latitude59 is coming back to Kenya
Latitude59, the largest startup and technology event in the Baltic States is coming back to Kenya. Latitude59 Kenya Edition 2024…
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Startups
Kenyan e-commerce startup Chpter raises $1.2 million
Chpter, a Kenyan AI-powered conversational commerce platform founded by Marketforce co-founders has secured $1.2 million in their Pre-Seed round. Founded…
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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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Startups
Kenya’s SUKHIBA secures $1.5M seed extension to expand WhatsApp-based e-commerce in emerging markets
SUKHIBA, a Kenyan commerce and CRM platform has completed a $1.55 million seed extension round led by EQ2 Ventures. Other…
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Startups
Kenyan HR payroll startup WorkPay raises $5m investment to expand across Africa
Workpay, the Kenyan cloud-based HR, payroll and benefits platform has raised $5m in Series A funding. The funding round was…
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News
Will Tech VC Funding in Africa Rebound on Interest Rate Cuts?
VC firms and startups can look to imminent interest rate cuts to revive dealmaking but cuts alone may not bring…
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Startups
Payment startup Sendsprint acquires US-based Nobel Financial enhance remittance services to Africa
Fintech startup Sendsprint has announced the full acquisition of Nobel Financial, a US-based global remittance service provider. The acquisition will…
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News
Open Startup launches second cohort of Grow Program for African startups
Open Startup (OST) has opened applications for a new cohort of its renowned Investment Readiness Program, GROW, designed to empower advanced…
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Startups
TRANSFORM Accelerator Announces Ksh 81m Funding to Five Kenyan Startups
TRANSFORM, an impact accelerator led by Unilever, the British High Commission (BHC) Nairobi and EY today announced Ksh 81 million…
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Startups
List of startups joining cohort 8 of Google for Startups Accelerator Africa
Google has announced the 8th cohort of its Google for Startups Accelerator Africa program. This year’s cohort features ten innovative…
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Startups
Nigerian AI startup Intron Health raises $1.6M to strengthen its African languages speech recognition tool
Intron Health, a Nigerian tech startup that provides speech recognition for healthcare workers in Africa, has raised $1.6M in a…
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Startups
South African climate-tech startup Plentify closes oversubscribed round to accelerate growth
South African climate-tech startup Plentify has closed an oversubscribed funding round from top African and North American venture investors to…
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Startups
Applications for the fifth edition of The Future is Female Mentorship Program open
Allison+Partners has opened applications for the fifth edition of The Future is Female Mentorship Program. The initiative is the first…
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BUSINESS
TerraPay secures $95 million debt to financing to boost African remittances
African digital payments platform TerraPay has successfully closed a $95 million debt financing round. The financing was led by a…
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Startups
Solar startup d.light closes $176 million funding round
d.light, the African startup that offers solar power solutions for low-income households in East Africa has closed a new USD$176…
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Startups
Vodacom Tanzania Digital Accelerator 2024 Winners Announced
Three Tanzanians have been chosen as the Vodacom Digital Accelerator Program winners for 2024. The winners are AltituteX, Frank Mussa,…
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Startups
Kenyan Skincare firm Uncover closes oversubscribed $1.4m funding round
Uncover, Africa’s emerging beauty brand has successfully closed a $1.4m Seed II funding round. The round was led by EQ2…
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Startups
Innovate Africa Launches with $2.5M Angel Fund for Early-Stage Startups
Innovate Africa, an angel investment fund that supports early-stage startups has launched with an initial $2.5 million rollout. Co-founded by…
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News
Kenyan identity startup Peleza merges with YC-backed Prembly
Kenyan identity management startup Peleza has announced that it’s merging with US-based YC-backed company Prembly. Prembly is a provider of…
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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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Startups
List of startups selected to join Standard Chartered Women In Tech Ksh22m programme
Standard Chartered and @iBizAfrica- Strathmore University have announced the 15 startups selected to join their Women In Tech programme. This…
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News
BYD and Ampersand to collaborate on electric motorcycles in Africa
Electric motorbike development and deployment in Africa is set to get a significant boost after BYD, and Kigali-based EV energy…
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Startups
Microsoft launches Build with AI to ease use of AI for startup founders
Microsoft has announced new tools to help make building AI solutions easier. With Build with AI, held within the Microsoft…
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News
Two Kenyan startups selected for the Google for Startups Growth Academy: AI for Health Program
Google for Startups has announced 24 startups selected for the 2024 cohort of the Growth Academy: AI for Health program.…
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Startups
Nigerian fintech Fincra to launch EUR Virtual Account solutions
Fincra, the Nigerian fintech has announced plans to launch its latest Banking as a Service (BaaS) product, the EUR Virtual…
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Startups
Orca Fraud raises $550k to fight fraud in emerging markets
Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud,…
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Startups
Obuntu Invites Africa-Focused Fund Managers to Apply for its Launchpad Program
The Obuntu Foundation has opened applications for its Launchpad program targeting Africa-focused fund managers to advance their investment approach, optimize…
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Startups
NBA Africa unveils accelerator program for early-stage startups, how to apply
NBA Africa on Friday announced the launch of a startup accelerator program targeting early-stage startups in the continent. Dubbed “Triple-Double:…
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Startups
Over 20 African fintech startups join Visa’s second accelerator program cohort
Visa has announced the startups shortlisted from across Africa to participate in the second cohort of its Africa Fintech Accelerator…
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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
Ethiopian sustainable tech startup Kubik raises $5.2 million seed funding
Kubik, the African sustainable tech startup has raised $5.2 million seed funding round. The seed round makes it the first…
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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
Madica announces new investment in three African startups
Madica, a structured investment program designed for pre-seed stage startups in Africa has announced its first set of investments in…
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Startups
Applications for the Visa Everywhere Initiative 2024 Open
Visa has opened applications for its 2024 edition of the Visa Everywhere Initiative (VEI), a global open innovation program and…
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Startups
Ghana’s health-tech startup Rivia acquires SaaS company Waffle to expand digital healthcare network
Ghana-based health tech leader Rivia has announced the acquisition of Waffle, another Ghanaian SaaS company specializing in software for small…
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Startups
Nigerian fintech Zone raises $8.5m to scale its decentralized payment infrastructure
Zone, the Nigerian payment infrastructure company has raised $8.5 million in an oversubscribed seed funding round led by VC firms…
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Startups
Village Capital launches call for startups in Africa focused on Greentech
Village Capital, with support from Moody’s Foundation, have launched Greentech 2024: The Future of Sustainability, an investment-readiness accelerator. The program…
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Startups
Empowering Innovation: OPPO’s Strategic Collaboration with Startups on Tech Advancements
Today, with 150 million startups worldwide and another 50 million launching each year, innovation and creativity are reshaping industries. However,…
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Startups
Founders Factory Africa LIVE podcast details the importance of choosing the right capital in 2024
Founders Factory Africa recently hosted a live version of The African Pre-seed Podcast. The episode focused on the good and bad…
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Startups
Nigerian debt recovery startup BFREE secures $2.95m funding
BFREE, a Nigerian tech-enabled debt collection startup has secured $2.95 million in fresh funding, to redefine debt collection in Africa.…
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Startups
Strategic policies needed to grow the startup ecosystem in Africa, Mozilla study
The last couple of years have been very interesting for the African startup ecosystem. 2023 specifically saw a rebalancing of…
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COLUMNS
[Mark Doumba] Kenya’s Innovation Boom: Thriving on Foreign Capital, But Can It Chart its Own Course?
As Foundry Fellows at the Legatum Center for Development and Entrepreneurship at MIT, we have the unique privilege to travel and dissect innovation and…
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Startups
Empowering Africa’s Economic Future: Fintech’s Role in Driving Financial Inclusion in Africa
In recent years, Africa has emerged as a hotbed for innovation and entrepreneurship, with its rapidly growing population and increasing…
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News
Kenya’s Technological and Entrepreneurial Landscape Altruist
Africa’s tech scene is experiencing a vibrant boom, and Kenya stands at the forefront, earning the moniker “Silicon Savanna.” Today,…
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News
Catalyst Fund Invests $1.8M in African Climate Startups
The Catalyst Fund today announced an investment of $1.8 million in 9 early-stage climate tech startups across Africa. This brings…
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News
Visa Africa Fintech Accelerator program hosts first demo day in Nairobi
Visa held its Africa Fintech Accelerator program first demo day on February 13th in Nairobi to showcase innovations from emerging…
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News
EABL parent firm picks Kenyan startup for inaugural growth accelerator programme
Kenyan startup Wowzi has been selected to join the first cohort of Diageo PLC’s growth accelerator programme through Diageo’s work…
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News
Unlocking the Potential of Startups in Africa: Breaking Down Barriers for Lending to Micro and Small Businesses in Africa
In the dynamic landscape of Africa’s economic growth, small businesses and startups stand as the backbone of innovation and employment…
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News
Venture Capital in Africa: A Broken System in Need of Repair
In recent years, Africa has been touted as the next frontier for investment, with its burgeoning tech scene and a…
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News
Village Capital and Standard Chartered Bank join forces to invest in women-led startups
Village Capital has partnered with Standard Chartered Bank to pilot a financing facility to invest in the Bank’s Women in…
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News
alGROWithm secures funding to scale its Growth Talent Accelerator Program across six African countries
In March 2022, alGROWithm announced an initiative where they started building Africa’s first-ever Growth Talent Accelerator Program (GTAP). Fast forward…
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News
Kenyan agritech startup Shamba Pride raises $3.7M
Shamba Pride, the Agri SME based in Kenya has raised $3.7 million from EDFI AgriFI – the EU Agriculture Financing Initiative…
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News
Safaricom and partners launch accelerator program for local startups
Kenya’s leading telco Safaricom has launched an accelerator program targeting local startups. Known as Spark Accelerator the program aims to…
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News
Kenyan startups raised highest amount of funding in Africa in 2023
2023 was an interesting year for African startups. According to ‘Africa: The Big Deal’, a tech research firm, the year…
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News
Parcel shipping platform TUNL raises $1 million to accelerate growth of e-commerce exports from Africa
TUNL, a South African parcel shipping platform has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa…
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News
Nigeria’s social commerce platform MAKA raises $2.65M Simplify Buying Fashion and Beauty Products in Africa
MAKA, the Nigerian fashion and beauty e-commerce platform, has raised a $2.65M pre-seed round. The investment was co-led by prominent…
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News
Techstars and ARM Labs invest $1.4 million in 12 African startups
Techstars, one of Africa’s most active startup investors has announced the 12 startups that will take part in the second…
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News
FinTech startup Grey unveils new look to boost global expansion
Grey, a fintech started by two Nigerians to simplify sending and receiving foreign payments for Africans has rebranded completely with…
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News
President Ruto commits to sign Startup Bill into law by April 2024
In a move expected to boost the country’s startup ecosystem, Kenya’s President William Ruto has promised to sign the Startup…
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News
Estonian flagship startup event Latitude59 to be hosted in Nairobi
Latitude59, Europe’s premier startup and tech event is coming to Nairobi. The event which has been running for 11 years…
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News
Endeavor Kenya launches scale-up program for high growth founders in East Africa
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched the ScaleUp Program, its inaugural cohort-based initiative for high-growth…
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News
Kenya’s MPost relocates its headquarters from Nairobi to Rwanda
MPost, the Kenyan tech startup that transforms mobile numbers into virtual addresses is relocating its headquarters from Nairobi to Rwanda…
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News
Lawyers Hub opens applications for the 2023 Startup Law Accelerator
Lawyers Hub has opened applications for its 2023 Startup Law Accelerator program. The Africa Startup Law Accelerator seeks to accelerate…
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News
Here are the five South African startups selected for the Irish Tech Challenge 2023
The five selected for the Irish Tech Challenge South Africa 2023 have been revealed. Now in its second successful year, the…
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News
MarketForce closes shop in three out of its five African markets, what’s next?
Kenyan B2B e-commerce startup MarketForce has wound up operations in three of its five markets in Africa. The startup is…
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News
Seven Kenyan women-led startups receive Ksh. 9.8 million funding from Standard Chartered Bank
Standard Chartered Kenya on Wednesday awarded KES 1.4 million (USD 10,000) each to seven women startups that graduated from its…
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News
Kuramo Capital to invest $150 million in women-led startups across Africa
Kuramo Capital Management, a Sub-Saharan Africa (SSA) focused investment management firm has revealed plans to invest $150 million (Ksh. 22…
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News
South African logistics startup Tripplo raises $1.8m funding
South African logistics software platform Tripplo, has closed its seed funding extension round with a $1.8 million equity investment. The…
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News
Nigerian mobility startup Treepz launches insurance program for car rentals in Africa
Treepz, the African car-sharing and rental marketplace is introducing an insurance program for car rentals in the continent. The program,…
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News
Nigeria’s Agritech ThriveAgric to provide 125,000 smallholder farmers with access to financial inclusion services
Nigeria’s agritech startup ThriveAgric has launched a new project to empower 125,000 smallholder farmers with financial inclusion access. Know as…
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News
TechCabal’s Inaugural Moonshot Conference brings Africa’s tech ecosystem to Lagos, Nigeria
African tech leaders and investors are set to gather in Lagos, Nigeria this October for TechCabal’s inaugural Moonshot Conference. They…
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News
11 African startups selected for Google’s inaugural Africa AI First Accelerator program
Google today unveiled the first cohort for its ‘Google for Startups Accelerator: AI First’ program. The 11 startups, picked from…
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News
$1 million Africa Blue Wave initiative to support tech startups in Africa launched
BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN) have launched the Africa Blue Wave, a…
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News
Lipa Later closes $5M debt raise, targets to raise an additional $20M
Kenyan fintech Lipa Later on Wednesday announced a successful closure of a $5M (KES 500 million) privately placed Debt issuance. …
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News
Five African health-tech startups among 30 selected for Google for Startups AI Program
The Google for Startups Growth Academy: AI for Health has unveiled the thirty startups from around the world selected for…
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News
Zambia’s fintech Lupiya raises $8.25m Series A round to grow its neo banking business
Zambian neobank, Lupiya has secured $8.25 million in Series A seed funding round to scale its business in its home market…
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News
Here are the 12 African startups selected for Microsoft-backed FAST Accelerator AI program
Data and AI technology company Flapmax has announced the twelve startups selected for the second cohort of the FAST Accelerator…
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News
Kenyan insurtech Turaco acquires Ghana’s MicroEnsure to deepen affordable insurance coverage across Africa
Turaco, the Kenyan insurtech startup offering affordable insurance to users has acquired MicroEnsure Ghana from MIC Global. Under the deal,…
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News
Five Kenyan cleantech startups selected for JICA’s Project NINJA accelerator 3rd cohort
Five Kenyan cleantech startups have been selected to take part in the 3rd cohort of Japan International Cooperation Agency’s (JICA)…
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