StartUps
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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
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
Five African transport and e-commerce startups emerge from GIZ LoT 17 program
Seedstars and Lab of Tomorrow (LoT) have announced the conclusion of LoT 17, an innovative program aimed at transforming Nigeria’s…
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News
Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz, the African car-sharing and rental marketplace is among the 12 startups selected to to participate in this year’s VC4A…
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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
Eric Jackson takes over as new Hisa CEO
Kenyan fintech Hisa has announced the appointment of Eric Jackson as its new Chief Executive Officer (CEO). Jackson takes over from…
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News
List of 12 growth stage startups selected for 2023 VC4A Venture Showcase Africa
Leading startup platform in emerging markets VC4A has announced the 12 African startups that have been selected to participate in…
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News
Founders Factory Africa secures $144 million to invest in more early-stage startups
South Africa-based venture builder, Founders Factory Africa has secured an additional $114 million in funding to scale its hybrid tech…
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News
Kenyan logistics startup Sendy reportedly up for sale
Sendy, the Kenya Fulfillment and logistics startup is reportedly up for sale. Techcabal reports that the startup is currently at…
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Startups
Safaricom to start investing in tech startups with two new subsidiaries
Kenya’s leading telco Safaricom will soon start investing in local tech startups after its shareholders approved two new subsidiaries. The…
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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
Africa-focused pre-seed investment program Madica announces new leadership appointments
Madica, an Africa-focused investment program dedicated to pre-seed stage startups in Africa, has announced two new leadership appointments. The Flourish…
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Startups
Zuri Health raises an undisclosed amount for funding from Five35 Ventures
Six months after raising an undisclosed amount of funding from Moroccan VC UM6P Ventures, Kenyan health-tech startup Zuri Health has…
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News
Applications for cohort 4 of the ASIP accelerator program open
Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program…
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News
World Bank awards 10 Southern African fintech startups $5,000 each
10 Southern African fintech startups have each received $5,000 (R94,020) from the World Bank to help bridge the gap in…
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News
Influencer Marketing Platform Aifluence wins of the Visa Everywhere Initiative Kenya Finals
AIfluence, the Kenyan AI-driven Influencer Marketing Platform has been named the winner of the Kenya edition of the 2023 Visa…
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News
Mobility financing startup Moove raises $8 million financing from Absa Bank
Moove, the mobility fintech startups has secured USD $8mn in financing from Absa Corporate and Investment Banking (CIB), bringing its total funding…
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Startups
CNN’s Connecting Africa explores Nairobi’s role as a technology hub
In the latest episode of Connecting Africa, CNN International’s Eleni Giokos visits Nairobi to see the role technology can play in boosting…
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News
Here are the five startups pitching at the 2023 Visa Everywhere Initiative Kenya edition
Payments firm Visa has unveiled the five finalists shortlisted for the final round of the 2023 Visa Everywhere Initiative (VEI).…
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News
Power Learn Project Alumni Startup, Payd, Wins Mozilla Africa Mradi Innovation Challenge Grant
Payd has been named among the winners of the prestigious Mozilla Africa Mradi Innovation Challenge, a competition sponsored by Mozilla…
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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
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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Startups
Regional winners of the Global Startup Awards Africa announced
Seventy-one startups from across Africa have been named regional winners at this year’s Global Startup Awards (GSA) Africa – the largest, independent startup ecosystem competition…
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BUSINESS
AfriLabs Welcomes 19 New Members, Expanding to Two New Cities
AfriLabs, the largest network of technology and innovation hubs in Africa has announced the admission of 19 new members to…
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News
Nigerian Based Startup Figorr Raises $1.5M in Seed Funding
Nigerian-based cold-chain startup Figorr has secured $1.5 million in seed funding and has since rebranded from Grcd to Figorr. Its…
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News
PATRICK NDEGWA: Kenya’s startup ecosystem is set for growth in 2023 and beyond
Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and…
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News
M-KOPA raises $250M in debt, equity to scale its asset finance platform across Africa
Asset financing platform M-Kopa has raised $250m in new funding to expand its services across Sub-Saharan Africa. The funding includes…
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Startups
Nigerian Startup Slashes Paperwork for Doctors Across Africa Using AI
As a medical doctor in Nigeria, Tobi Olatunji knows the stress of practicing in Africa’s busy hospitals. As a machine-learning…
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Startups
South African healthtech startup Guidepost unveils chatbot to help diabetic patients manage their condition
One in nine South Africans is affected by diabetes, which is also the number one killer of women and the…
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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
Tanzania’s NovFeed named overall winner of the $1M Milken-Motsepe Prize in Agritech
NovFeed, a biotech company based in Tanzania is the overall winner of this year’s Milken-Motsepe Prize in Agritech. The startup…
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News
Nigerian online training provider Blurpe launches talent linking tool
Nigerian online training company Blurpe has launched a new product dubbed Talent Pool, aimed at linking marketing specialists in Africa…
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News
Nigerian counterfeit tracking startup Chekkit has raised undisclosed amount of funding
Nigerian startup Chekkit has secured an undisclosed amount of funding to help it scale its blockchain-powered drug safety and tracking…
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News
SA agritech startup FarmTrace raises funding to scale its solutions
South African agri-tech startup FarmTrace has raised an undisclosed amount of funding from Secha Capital and Hassium Capital. The company…
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News
Flutterwave selects Nairobi, Kenya as its regional headquarters for East Africa
Flutterwave, the African fintech firm is setting up its regional headquarter for East Africa in Nairobi Kenya. This announcement was…
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News
Visa Everywhere Initiative 2023 applications open in Kenya
Payments firm Visa has opened applications for the 2023 edition of the Visa Everywhere Initiative (VEI). The global open innovation…
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News
Nigerian crypto startup Lazerpay shuts down after failing to raise funds
Nigerian crypto payment platform Lazerpay has declared its intentions to shut down after failing to raise a successful funding round.…
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News
Nigerian health-tech startup Healthlane is restructuring as it struggles to remain afloat
Nigerian health-tech startup Healthlane has announced plans to change its business model, following months of operational struggles and little business.…
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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
Mama Fua among seven startups awarded Ksh1 million each by Mozilla
Seven startups from Uasin Gishu county have received Ksh. 1 million each from Mozilla and the Gladys Boss Foundation to…
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News
DFC invests $25 million in Pan-African VC firm Novastar Ventures
The U.S International Development Finance Corporation (DFC) has invested $25 million in a new fund by Pan-African venture capital firm…
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News
This African startup hopes to make delivery of small parcels cheaper
SkyCliQ, a startup hoping to democratize the small parcel delivery segment has launched its waitlist for community-based shopping and delivery.…
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News
[Nigeria] Mobility Startup Shuttlers Has Raised $4M for Expansion
Nigerian shared mobility startup Shuttlers has raised $4 million in a new funding round to facilitate expansion. The startup was…
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News
Connected Summit 2023: Government reiterates its commitment to support local startups
Prime Cabinet Secretary Musalia Mudavadi has reiterated the government’s commitment to promoting technology and innovation in the country by supporting…
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News
Zuri Health Launches digital outpatient service for SMEs
Zuri Health, the Kenyan health-tech has launched a new digital outpatient service designed specifically for small and medium-sized enterprises (SMEs).…
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News
Dream VC Opens Applications for its 2023 Talent Accelerator Program in Africa
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2023 Accelerator Program for VCs in Africa. …
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News
Factor[e] Ventures launches new venture studio for African startups
Factor[e] Ventures has launched a new venture studio targeting tech startups in Africa. Known as Delta40, the studio aims to…
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News
Kenyan startup ecosystem has a significant competitive edge globally, report
A comprehensive, in-depth report funded by the UK government has given Kenya’s startup ecosystem a thumbs up, noting that it…
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News
ARM Labs Lagos Techstars Accelerator Concludes Inaugural Program with Demo Day
Techstars, in partnership with Lagos-based innovation program ARM Labs, marked the completion of its inaugural ARM Labs Lagos Techstars Accelerator…
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News
[Nigeria] Government launches a $672 million fund to support tech startups
Nigeria has set aside a $672 million fund to support young investors in the tech and creative industries, The introduction…
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News
13th edition of Orange Social Venture Prize in Africa launched
Orange has opened applications for the 13th edition of its Social Venture Prize in Africa and the Middle East (POESAM).…
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News
Google opens applications for 3rd cohort of Black Founders Fund 2023 for Africa
Google has opened applications for this year’s Black Founders Fund for Startups in Africa and Europe. Startups from Africa applying…
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News
Kenya’s Elizabeth Mwangi wins the $30k Aurora Tech Award 2023 for her ‘Mama Fua’ app
Elizabeth Mwangi, the founder of Gwiji, the Kenyan startup that economically empowers women from the slums of Nairobi is the…
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News
Kenyan construction tech startup Jumba has raised $4.5M seed funding
Jumba, Kenya’s construction startup has raised $4.5M in a seed funding round. The startup facilitates retailers of construction materials to…
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News
Nigerian mobility startup Treepz launches its operations in Kenya
Treepz, a Nigerian-based mobility startup that offers diverse car-renting options for its customers has announced its entry into the Kenyan…
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News
South African digital lender Lulalend has bagged $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round…
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News
Two Kenyan startups among 12 selected for ARM Labs Techstars Accelerator
Two Kenyan startups, Cladfy and alphabloQ have been selected to join the inaugural class of ARM Labs Techstars Accelerator, a…
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News
Women founders in Africa invited to apply for Google’s new accelerator program
Google on Tuesday announced a women accelerator program aimed at providing resources and opportunities for women founders in Africa. The…
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News
Rural ISP Mawingu raises $9m to expand operations across Kenya
Rural Internet Service Provider (ISP), Mawingu has raised $9 million Series B funding to scale its operations across Kenya. The…
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Startups
Kenya’s Zuri Health raises an undisclosed amount of funding from Moroccan VC UM6P Ventures
Zuri Health has raised an undisclosed amount of funding from Moroccan VC UM6P Ventures. The funds will be used to…
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News
Kenyan startup iGas wants to revolutionalize the LPG industry through digitization
iGas, a Kenyan startup that was founded in 2021 is on a mission to turn around the LPG industry which…
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Startups
11 Startups Selected to Join Cohort 3 of ASIP Accelerator Program
Eleven African startups have been selected to join the third cohort of the Africa Startup Initiative Program (ASIP). The accelerator…
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Startups
South African Cleaning Tech Startup SweepSouth Exits Kenya
SweepSouth, a South African cleaning startup that recorded quick growth through several funding rounds has informed its customers that it’s…
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News
South Africa’s digital enabler Flow has raised $4.5 million to facilitate strategy growth
Flow, a South African company that helps businesses to gain online presence and leverage on digitization has raised $4.5 million…
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News
South Africa’s gaming firm Carry1st raises $27M
The gaming market in Africa continues to grow as more creators, gamers and other stakeholders make significant investments in the…
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News
New social-media platform African Stream seeks to change how African Stories are told
African Stream, a newly created social-media platform with its headquarters in Nairobi, Kenya brands itself as a tool that seeks…
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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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Startups
Women-led startups in Africa raised $203.2M in 2022
There has been a significant focus on funding for African-led startups across the globe. Across the continent, several venture capital…
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News
Fintech is the most vibrant sector in the Kenyan startup landscape, report
A report released by pan-African publication and research firm Disrupt Africa has pointed out fintech as the most vibrant subsector…
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News
Burning Heroes opens applications for its African Edition of Startup Awards
Burning Heroes (BH) Founders Association has announced the launch of its Africa Edition of startup awards. BH says the contest…
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News
Zuri Health’s new Continuous Care Program to offer support to persons with Chronic illnesses
Health-tech startup Zuri Health has launched its Continuous Care Program to offer support to persons with Chronic illnesses. The program…
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News
More than 2 million Boda Boda riders in Kenya to benefit from affordable insurance
Boda Boda riders in Kenya will now be able to access affordable motor and personal accident covers thanks to a…
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News
Kenya’s Clean Energy Startup Mukuru Clean Stoves awarded $1.2 million Earthshot prize for 2022
Mukuru Clean Stoves, a clean energy startup providing alternative energy sources to low-income earners in Kenya’s informal settlements has been…
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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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BUSINESS
Glovo Local launched to help small businesses digitize their products and services
Glovo has launched a new program targeting SMEs in the retail and restaurant industries. Known as Glovo Local, the multi-category…
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Startups
VC fund Ventures Platform closes its pan-African and early-stage fund at $46M
Ventures Platform, a pan-African early-stage Venture Capital firm has today announced the final close of its intercontinental fund, at $46M. …
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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
Kenyan Edtech company Zeraki Raises $1.8 Million in Seed Funding
Kenyan Edtech company Zeraki has raised a $1.8 million seed funding round to enable product catalog growth and regional expansion.…
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News
MEST Africa Opens Applications for its 2024 Training Program
After announcing five African tech startups that made it to the grand finale of the 2022 Africa Challenge pitch competition,…
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Startups
Nigeria’s ThriveAgric crowned winner of Visa Everywhere Initiative
ThriveAgric, a Nigerian startup that champions technology to transform the payments landscape for smallholder farmers, was crowned winner of the…
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News
African producer of kids content Ubongo receives $27.8 Million from Lego Foundation
Africa’s leading creator and producer of children’s educational media, Ubongo has received a $27.8 Million Dollar Award from Lego Foundation…
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News
Nigerian fintech Chipper Cash is the latest company to conduct massive layoffs
Nigerian cross-border payments startup Chipper Cash has laid off nearly 13% of its workforce, reports indicate. Many employees from various…
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News
Local startups to showcase at the UK-Supported Kenya Innovation Week
Kenya Innovation Week kicked off in Nairobi on Tuesday to showcase UK-funded programmes that are breaking ground with emerging technologies…
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News
South African VC firm 4Di Capital announces the second close of a new $25 million seed fund
South African- based early-stage technology venture capital fund manager 4Di Capital has announced a close of a new US$25 million…
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News
Egyptian supply chain solutions provider OneOrder has raised $3 million
Egyptian supply chain solutions company OneOrder has raised $3 million in seed round funding led by Nclude, with participation from…
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News
Leading Identity Verification Startup, Verified.Africa Launches in Kenya
Verified.Africa, a leading provider of ID verification, document verification, and digital KYC compliance solutions, has launched in Kenya. With this…
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News
Lipa Later acquires SkyGarden for an undisclosed sum
SkyGarden, the e-commerce platform has been acquired by Buy Now Pay Later (BNPL) Lipa Later for an undisclosed sum. Lipa…
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News
Ex-Jumia executives launch new e-commerce platform
Former Jumia executives have teamed up to launch a new e-commerce company called “Kapu”. Launched on Monday, the new platform…
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News
Asset Recovery Agency drops fraud charges against Nigerian fintech Kora
Kenya’s Asset Recovery Agency (ARA) has dropped fraud charges against Nigerian fintech Kora. The startup was in July accused of…
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News
Lipa Later to acquire popular e-commerce Startup Sky.Garden
Buy Now Pay Later (BNLP) company Lipa Later is acquiring troubled Kenyan e-commerce startup Sky.Garden. This comes about three weeks…
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News
Kenyan Smartphone Reseller Badili Has Raised $2.1 Million in Pre-Seed Funding
Badili Africa, a company that allows customers to trade in their old phones for new ones at friendly prices has…
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News
Nigerian food-tech Orda raises $3.4 million seed round to digitize African restaurants
Nigerian food-tech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.…
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News
Twiga Foods Launches Fulfillment Centre To Serve the East African Region
Agri-tech startup Twiga Foods has launched a multi-million dollar distribution centre aimed at serving manufacturers, brand owners, and farmers across…
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News
M-TIBA Partners With Sweden’s BYON8 to Expand Telehealth Services
Kenyan health-tech platform M-TIBA has partnered with Sweden’s online doctors’ platform BYON8 to expand access to telehealth services for its…
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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…
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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,…
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Startups
Tanzanian supply chain solutions startup Ramani has raised $32M in equity and debt
Tanzanian supply chain solutions provider Ramani has raised $32M in debt and equity in a Series A round that was…
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News
Pan-African solar company Solarise Africa raises $33.4M
Solarise Africa, a pan-African Energy-as-a-Service company that provides reliable and affordable energy solutions across Africa has raised $33.4M to expand…
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News
Modus Africa sets aside $75M to support African AI and blockchain startups
African AI and blockchain startups are set to benefit from Modus Africa fund, an African –focused venture capital firm under…
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News
Kenyan health-tech startup MYDAWA launches online platform to help in HIV prevention
Kenyan health-tech startup MYDAWA famous for its e-pharmacy platform has launched the first Kenyan online solution for HIV prevention. The…
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