StartUps
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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
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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News
Kenya’s agri-tech startup Stable Foods has raised $600k in funding
Stable Foods, a Kenyan agri-tech startup offering a host of solutions to small-scale farmers has raised $600k in funding. The…
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News
IFC has launched a $225 million VC subsidiary to fund early-stage African startups
The International Finance Corporation (IFC) has launched a $225 million venture capital subsidiary to invest in early-stage startups across Africa,…
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News
Nigerian Fintech Kuda Wants To Make Remittance From UK To Africa Cheaper
As remittances to Africa increase, several firms are finding ways to make it easier, cheaper and more convenient to send…
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News
Sky.Garden will not fold up, it has found a new buyer
In September, news of the impending extinction of popular e-commerce website Sky.Garden caught the tech industry by surprise. When we…
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News
Egyptian B2B marketplace SPEED acquired by UAE-based firm X-ERA
UAE-based logistics services provider X-ERA has acquired Egypt’s B2B marketplace SPEED, as part of its international expansion strategy. SPEED connects suppliers…
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News
Kenya’s GrowAgric and Aquarech among startups selected for Katapult Africa Accelerator Programme
Kenyan GrowAgric and Aquarech are among nine startups from across the continent that have been selected for the Katapult Africa…
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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…
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News
Sendy raises an undisclosed amount of funding from Japanese VC MOL PLUS
Kenyan Fulfillment and Logistics startup Sendy has announced that it has received funding from MOL PLUS the Corporate Venture Capital…
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News
Algeria’s Yassir has raised $150 million in series B funding
Yassir, an Algerian supper platform that offers ride-hailing, food and grocery delivery as well as financial services on a single…
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News
Quona Capital to invest $332M in fintech startups from emerging markets focusing on financial inclusion
Emerging markets venture capital firm Quona Capital today announced the final close of $332 million for its Fund III, significantly exceeding…
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Startups
Nigeria’s Payhippo acquires Maritime Microfinance Bank to expand its customer offerings
Payhippo, a fintech that offers credit facilities to SMEs in Nigeria has acquired Maritime Microfinance Bank (MFB). MFB is a…
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News
Amazon Web Services has set up its second-largest African office in Lagos, Nigeria
Amazon Web Services (AWS) has selected Lagos, Nigeria as the base for its second-largest office in Africa. The cloud service…
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News
MEST Africa Challenge 2022 top 5 finalists announced
MEST Africa has announced the five African tech startups that have made it to the grand finale of the 2022…
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News
500 Global Launches its Pan-African Accelerator Manager Bootcamp in Kenya
500 Global, a leading venture capital firm is launching its inaugural Bootcamp for Accelerator Managers (BAM) program in Kenya. The…
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News
Flourish Ventures launches Madica, an Africa-focused program to invest in pre-seed stage startups
Flourish Ventures, a global fintech venture capital firm has launched Madica, an investment program for pre-seed stage technology startups in…
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Startups
AI Content Creation Tool Jasper Has Raised $125M in a Series-A funding
Jasper, a fast-growing AI creation tool based in Austin, Texas has raised $125 million in series-A funding round, making it…
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News
15 Fintech startups selected for CATAPULT: Inclusion Africa 2022 program announced
LHoFT has announced the 15 fintech startups that have been selected to participate in the fifth edition of the CATAPULT: Inclusion…
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Startups
President Buhari signs Nigeria Startup Bill into law
As technology-led innovations take centre stage in Africa, countries are putting in place policies to support innovation and accelerate the…
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News
Alibaba Kicks Off One-Month Netpreneur Training Program for Africa
Alibaba Global Initiatives (AGI), a professional training arm under Chinese tech giant Alibaba, has enrolled the second class of more…
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Startups
Auto Financing startup Moove raises £15 million financing to scale UK operations
Moove, a mobility fintech startup providing auto financing for gig economy drivers has raised £15 million in financing to scale…
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News
Nigerian data and intelligence firm Stears has raised $3.3 Million for expansion to East Africa
Nigerian data firm Stears has raised $3.3 million in a seed round in which Serena William’s VC firm Serena Ventures…
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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,…
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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…
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News
EzyAgric and Pezesha launch Buy Now Pay Later services for Ugandan agro-dealers
Kenyan fintech Pezesha has partnered with EzyAgric to launch a buy-now-pay-later (BNPL) scheme for agro-dealers all over Uganda. EzyAgric has…
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News
African tech startups have so far raised $2.7bn in funding this year, report
A report by pan-African tech publication Disrupt Africa has revealed that African tech startups raised $2.7bn in funding in the…
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Startups
Nigeria’s heath-tech startup Lifestores Healthcare has raised $3M
Nigerian health-tech startup Lifestores Healthcare has raised $3M for expansion across the country in a pre-Series A funding round. The…
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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…
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News
Copia Global announces new executive regional appointments
Last-mile delivery and eCommerce platform Copia Global has announced new appointments in its leadership as it focuses on regional growth…
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News
Logistics startup Sendy cuts down on its Supply Service
Kenyan logistics startup Sendy has restructured its operations, effectively winding down its Supply service. The startup says it will now…
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Startups
All products purchased via Lipa Later will now be insured by insurtech firm Lami Technologies
Buy now, pay later (BNPL) company Lipa Later Group has partnered with Lami Technologies to offer its consumers affordable credit insurance…
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Startups
HAVAÍC completes its third investment in Kenyan FinTech Tanda
Cape Town-headquartered venture capital (VC) firm HAVAÍC has completed its third investment in Kenyan FinTech Tanda. The investment from the…
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News
Kenyan startup Kyosk Digital has launched in Uganda
Kyosk Digital Services aims to address some of the challenges that vendors of fast-moving consumer goods (FMCGs) go through in…
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News
KCB Partners With EV Maker BasiGo Kenya to Finance Electric PSV Buses
The Kenya Commercial Bank (KCB) and electric vehicles manufacturer BasiGo Ltd on Tuesday announced a partnership that will enable investors…
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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.…
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News
Fallohide Africa: Re-writing Kenya’s Story through Virtual Reality
Kenya is putting its foot forward in the age of Immersive technologies, including AR (Augmented Reality) and VR (Virtual Reality).…
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News
Ghana’s Agritech Startup Farmerline has Raised $1.5 Million in Series A Funding
After netting $13 million in April this year, Ghanaian agritech startup Farmerline has raised another $1.5 million in pre-series A…
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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…
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News
Michael Joseph appointed board chair of insurtech startup Pula
Former Safaricom CEO Michael Joseph has been appointed as board chair of Kenya agricultural insurtech startup Pula. The startup was…
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Startups
Nigeria’s health-tech startup Remedial Health raises $4.4 million in seed funding
Remedial Health, a Nigerian healthtech startup has raised $4.4 million in seed funding to accelerate its expansion across the country.…
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News
Healthtech Startup mPharma Acquires Majority Stake in Nigeria’s HealthPlus
Ghanaian technology-driven health startup mPharma has acquired the majority stake in HealthPlus, the leading pharmacy chain in Nigeria. mPharma Chief…
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Startups
Brazilian fintech unicorn EBANX sets shop in Africa
Brazilian fintech unicorn EBANX is set to launch its operations in Africa as it seeks to expand its business outside…
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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…
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News
Nigerian fintech Kippa has raised $8.4 million seed round
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round. This round of funding was led by…
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News
Hack The Mara hackathon finalists announced
In June this year, Pan-African technology company the Mara Group invited applicants to the “Hack the Mara” hackathon, a competition…
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News
African startups raised $5 billion last year, just a tip of the global average
Across the African continent, 2021 was a good year for startups as funding hit a record high at about $5…
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News
Kenya’s HotelOnline has acquired hospitality software provider HotelPlus
Kenyan-based technology travel company HotelOnline has acquired HotelPlus, a software provider specializing in the hospitality industry whose customers are spread…
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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…
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Startups
Nigerian fintech startup NowNow raises $13 million for expansion across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13M seed round for expansion across Africa. The company was founded in…
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News
Three Kenyan founders selected for the Future is Female Mentorship Program
The Future is Female Mentorship Program is a PR and communications mentorship program dedicated exclusively to African female tech founders.…
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Startups
Digital banking app for African immigrants Waya officially launched
Waya, a digital banking app that seeks to make it easier for African immigrants to send money back home is…
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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…
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News
Power Learn Project aims to train 1 million developers in Africa by 2027
Various observers have pointed to the imminent shortage of qualified ICT practitioners as the uptake of technology across the world…
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Startups
Nigeria’s BoomKit Has Built a Platform to Manage African Artists
African artists face the challenge of a fragmented market that is sometimes seen as the biggest impediment to success. Without…
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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…
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Startups
Kenyan startups raised $820 million in VC funding in the first half of 2022
Kenya has secured an enviable position among the most competitive innovation and investment destinations in Africa. The country’s attractiveness has…
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News
STIMA brings electric motorcycles to Kenya in new partnership with India’s OneElectric
STIMA, a battery swapping technology company has partnered OneElectric, an Indian manufacturer of electric motorcycles to supply more than 3,000…
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