StartUps
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WomenInTech
Shirley Somuah named Partner at Lagos based private equity fund manager CardinalStone Capital
Lagos-based private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as its new Partner. The appointment comes…
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Startups
Flutterwave CEO Embroiled in Bullying, Fraud Claims
A former employee of Nigerian-based payment solutions provider Flutterwave has levelled claims of bullying and fraud against company Founder and…
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Startups
Egyptian e-sport startup Eksab raises $3M to scale its fantasy football platform
Cairo-headquartered e-sport startup Eksab has raised $3M Seed funding round, bringing the company’s total investment to date to $3.7M. The…
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Startups
Nigerian logistics startup Kwik raises $2 million Series A Round to digitize informal African trade
Nigerian logistics startup Kwik has closed its $2 million Series A round led by XBTO Ventures, an investor focused on…
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News
Konza and Association of Startups sign MoU to support local startups
Konza Technopolis Development Authority (KoTDA) and the Association of Startups and SME Enablers in Kenya (ASSEK) have signed an MoU…
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Startups
Nigeria’s agri-tech startup ThriveAgric raises $56.4m debt funding to accelerate African expansion
Nigeria’s agri-tech startup ThriveAgric has raised $56.4M in debt funding from local commercial banks and institutional investors to grow its…
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Startups
10 African Fintech Startups Selected for CATAPULT: Inclusion Africa Special Dubai Edition
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT:…
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News
Flutterwave CEO Joins Africa’s BNPL Firm Lipa Later’s Advisory Board
After raising $12 million funding from a consortium of investors to expand its operations across Africa, Africa’s leading Buy-Now-Pay-Later (BNPL)…
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Startups
Kenyan e-commerce startup Sokowatch raises $125M, rebrands to Wasoko
Kenyan based B2B e-commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever…
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Startups
Luno launches investment arm to support fintech and crypto startups
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (“DCG”), today announced the launch of Luno Expeditions, an early-stage…
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Startups
Bank of Ghana Suspends Fintech Operator Dash
The Bank of Ghana(BoG) has ordered Dash, one of the country’s leading fintech operators to immediately cease offering a number…
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Startups
15 African Startups Qualify for Google’s Accelerator Bootcamp
A total of 15 startups from seven African countries have been selected to participate in Google for Startups Accelerator Africa…
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News
Four Kenyan Startups among 12 Selected for Microsoft Accelerator Programme.
Microsoft in conjunction with Flapmax have announced the qualifying startups for their first accelerator programme that begins March 21, 2022.…
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Startups
Vehicle financing startup Moove secures $105 million for expansion
African fintech mobility startup Moove has raised $105 million in new Series A2 financing. This comes just seven months after…
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Startups
OkHi Aims to give the 4 billion people in Africa a Verifiable Digital Address
OkHi: In the developed world, it’s much easier for anyone to give you directions to their home or business location…
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INSURANCE
YC-backed Curacel unveils new platform to enable tech companies offer insurance
Curacel, a YC-backed African insurance infrastructure startup, has launched an embedded insurance product that will enable tech companies to offer…
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News
Standard Chartered Bank opens applications for its 5th cohort of its Women in Tech program
Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program. The program, which…
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Startups
BasiGo Flags off first Electric Buses in Kenya, Pilots with CitiHoppa and East Shuttle
Just a month after closing a $4.3 million seed funding round, Nairobi headquartered e-mobility startup BasiGo has today flagged off…
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Startups
26 startups selected to join African Tech Vision’s 2nd Mentorship Program for African Female Founders
African Tech Vision, a non-profit-organization supporting early-stage female tech founders, has announced 26 startups that will be joining its 2nd…
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Startups
Glovo launches pitch competition for tech startups in Kenya
On-demand delivery platform Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to…
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Startups
Microsoft to support 10,000 African startups over the next five years
Microsoft has today announced new initiatives to support 10,000 African startups. The initiatives will be run under its recently established…
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Startups
M-KOPA raises $75M funding as it hits two million customer milestone
Connected asset financing platform M-KOPA, has raised $75M funding. The ”Growth Equity round” as the company describes it in a press…
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Startups
3 Kenyan startups selected for Catalyst Fund fintech accelerator
Three Kenyan startups are among the six selected to join the tenth cohort of the Catalyst Fund fintech accelerator. The…
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Startups
Kenyan food-tech startup Kune starts commercial operations in Nairobi, unveils new mobile app
Kenyan food-tech startup, Kune has officially begun commercial operations with four meal hubs located in strategic locations in Nairobi. The…
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Startups
Milken Institute and Motsepe Foundation Announce Milken-Motsepe Prize in AgriTech Finalists
The Milken Institute and the Motsepe Foundation today announced the 25 teams from across Africa receiving Finalist prizes for the Milken-Motsepe Prize in…
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Startups
Kenyan startup MarketForce raises $40M to scale its merchant inventory financing program
Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa Today, MarketForce has raised $40…
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Startups
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa’s highest valued Unicorn
As the African fintech space continues to bloom, so does the funding. Flutterwave, the San Francisco-headquartered and Lagos-based company that…
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Startups
BitKE to host a webinar on startup funding in Africa, register to attend now
2021 was the biggest year, so far, in the history of funding for African startups which saw over $4.6 billion…
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Startups
SA Online home services platform SweepSouth launches its Connect service in Kenya
South Africa’s online home services platform, SweepSouth has launched SweepSouth Connect in Kenya. SweepSouth Connect is the service that connects…
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Startups
Sendy fulfillment service crosses 1,000 online sellers
Launched in November last year, Sendy fulfillment service is a digital-enabled platform that relieves online sellers of logistics difficulties while…
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Interviews
Remote Work – How Cavendish is managing product success at Analog Teams
Strategic thinking starts with asking the right questions. It is about understanding the current market, competition, and trends to define…
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Startups
Remedial Health raises $1 million pre-seed funding to digitize African pharmacies
Healthtech startup Remedial Health has raised $1 million in pre-seed funding to digitize neighbourhood pharmacies across Africa starting with Nigeria.…
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News
European Bank invests $10M in Egypt’s bus-hailing company Swvl
The European Bank for Reconstruction and Development (EBRD) has announced a $10 million investment in Egypt’s on-demand bus-hailing company Swvl.…
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Startups
Oracle commits $1M to support African tech startups
Oracle has announced support of $1 million for tech startups in Africa that will help accelerate their digital initiatives with the latest cloud technologies…
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Startups
Insurtech startup Casava secures $4m pre-seed funding to provide affordable insurance for millions of Nigerians
Nigeria’s digital insurance company Casava has secured US$4 million in pre-seed funding to provide affordable and accessible insurance products for…
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News
Docklands Ventures acquires South African prop-tech startup ParkUpp for an undisclosed amount
Real estate investment company Docklands Ventures has acquired South African prop-tech startup ParkUpp for an undisclosed amount. Founded in 2016, ParkUpp…
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Startups
Kenyan insurtech startup Lami acquires Bluewave Insurance Agency for an undisclosed amount
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup for an undisclosed amount. Bluewave leverages mobile…
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Startups
Wealth-tech startup Ndovu launches in Kenya to provide users with easy access to global financial market
Wealth-tech startup Ndovu has today officially launched in Kenya. Founded by Radhika Bhachu, Ro Nyangeri, and Gianpaolo De Biase, Ndovu…
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Startups
African fintech mobility startup Moove raises $10 million financing from NBK Capital Partners
African fintech mobility startup Moove has closed a US$10 million financing facility from NBK Capital Partners. Moove is Uber’s exclusive…
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Startups
South African fintech startup CompariSure raises $980k pre-Series A funding for expansion
South African fintech startup CompariSure has raised $980,000 in pre-Series A funding round for expansion in the South African market.…
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Startups
Five Kenyan startups shine at JICA’s NINJA Accelerator second demo day
Shamba Pride, Saada Tech, Kijenzi, M-Paya Energy, and MyMovies.Africa are the five startups that shined during the second Demo Day of…
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Startups
African Focused VC Firm TLcom Secures First Close of $150mn Pan-African Tech Fund
TLcom, the Africa-focused venture capital firm has announced a first close of $70mn for its $150mn Africa focused tech fund…
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Startups
Tech startups key to Africa’s digital transformation but urgently need investment, report
The World Economic Forum’s latest report, “Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa” analyses the…
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Startups
Call for startups to Pitch Live at 2022 Africa Startup Summit in Nairobi
Africa Tech Summit has opened applications to the 2022 edition of Pitch Live at the fourth Africa Startup Summit. The…
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Startups
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to…
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Startups
Sankore Pitch Competition is coming to Nairobi targeting blockchain startups
Nairobi-headquartered blockchain community Sankore is launching the Sankore Pitch Competition Tour (PCT) in Nairobi. The pitching competition is targeting startups…
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Interviews
[Interview] Mila Semeshkina, CEO & Founder, Lectera.com: Convenient and Fast Learning is What Customers Expect
Lectera.com has achieved great results since its launch in summer 2020: from generating a first annual revenue surpassing 5 million…
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News
Fourth edition of Africa Tech Summit Coming to Nairobi This February
One of Africa’s top tech events the Africa Tech Summit is coming to Nairobi. The event will take place on…
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Startups
Ivorian e-commerce startup Afrikrea raises $6.2M in pre-Series A, rebrands to “ANKA”
Afrikrea, an Ivorian e-commerce startup has raised $6.2M pre-Series A round led by Investisseurs & Partenaires. The startup has also…
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News
Kenyan fintech startup Alvin raises $740,000 pre-seed funding
Kenyan fintech startup Alvin has raised a $740,000 pre-seed funding round led by Nigerian venture capital firm, Ingressive Capital. Other…
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News
Nigeria’s CcHUB invested in over 11 high-growth African startups in 2021
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) invested in over 11 tech startups in Africa in 2021 through its new…
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Startups
Ghanaian health tech startup mPharma secures $35million Series D funding for expansion
Ghanaian health tech startup mPharma has raised $35 million in a Series D round led by Citigroup Inc. Other investors…
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News
The Tony Elumelu Foundation opens applications for its $5000 2022 Entrepreneurship Programme
The Tony Elumelu Foundation (TEF) has opened applications for the 2022 TEF Entrepreneurship Programme. The programme is open to African…
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News
SA Online home services platform, SweepSouth acquires Egyptian start-up, Filkhedma
South Africa’s online home services platform, SweepSouth has announced its acquisition of Egyptian startup, Filkhedma as it continues its African…
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News
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya has raised $2 million…
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Startups
Fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda has today announced a new partnership with Twiga Foods that will see Twiga vendors become a…
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Startups
AfDB to invest $170 million in Nigerian startups
The African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises program…
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News
Kenyan startup Wowzi raises $3.2 million seed funding to expand across Africa
Kenyan startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa. The round was…
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Startups
PAC Holdings sets up The Catalyst VC project to invest in African startups
PanAfrican Capital Holdings (PAC Holdings) has set up The Catalyst, a venture capital project, to identify and invest in growth to product-expansion…
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Startups
Kenyan e-health startup Zuri Health launches in Senegal
Kenyan health tech startup Zuri Health has launched its operations in Senegal. The startup has partnered with Expresso Senegal to launch…
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News
TradeDepot Raises $110 Million To Extend ‘Buy-Now-Pay-Later’ Service to Retailers Across Africa
Nigeria- and U.S.-based B2B eCommerce and embedded finance platform TradeDepot has raised $110 million in an equity and debt funding…
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Startups
Egyptian fintech startup KlickIt raises undisclosed amoung of funding
Egyptian fees management and digital collection platform, KlickIt, has announced the closing of its first investment round to further develop…
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Startups
Pan African smart technologies venture studio Adanian Labs opens applications for its 2021 venture building program
Adanian Labs, a Pan African smart technologies venture studio with a mission to build 300 impact-driven startups across Africa has…
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Startups
South Africa’s fintech firm Ozow raises $48 million Series B round
South African fintech firm Ozow has raised a US$48 million Series B funding round led by Chinese internet giant Tencent. …
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Startups
Israeli femtech startup illumigyn bringing its gynecological imaging platform to Nigeria
illumigyn, the world’s first remote gynecological imaging platform has announced plans to deploy 5,000 Gynescopes in Nigeria by 2026. The…
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News
[This Week in Tech] Telkom Kenya signs a $100M deal to scale its 4G network and other top stories
Kenya’s 4G subscriptions market share will more than double from 24.2% in 2021 to 53.6% by 2025. Local telcos have…
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News
Kenyan mental health startup Shamiri Institute raises $1 million, expands to the rest of Africa
Shamiri Institute, a Kenyan mental health startup has raised $1 million in funding from the Templeton World Charity Foundation to…
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Startups
Fintech Startup Kwara and Lami Technologies partner to provide insurance products for SACCO members in Kenya
Kenyan fintech startup Kwara has today partnered with insurtech company, Lami Technologies, to provide Savings and Credit Co-operative Society (SACCO) members in…
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News
Zuhura Africa Launches the 3rd Edition of Africa Basque Challenge Targeting Healthtech Innovators
Zuhura Innovation Africa, a women-led and youth-focused organization has launched the 3rd edition of the Africa Basque Challenge (ABC) targeting…
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Startups
Kenya-based electric mobility startup Opibus raises $7.5m funding
Kenya-based electric mobility startup Opibus has raised US$7.5 million in equity and grant funding, the largest ever in an electric…
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Startups
Electric vehicle startup BasiGo launches its operations in Nairobi
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi. The company will provide electric buses for purchase…
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Startups
Kenyan-based payroll startup Workpay expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core…
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News
[This Week In Tech] Facebook changes its corporate name to Meta and other top stories
This has been quite an interesting week for tech. We covered so many interesting stories from across Africa and the…
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Startups
Four startups from Ghana join the Catalyst Fund Inclusive Digital Commerce accelerator
Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital…
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Startups
2nd Cohort of NINJA Accelerator in Kenya kicks off
5 Kenyan startups have been selected to be part of the 2nd cohort of NINJA Accelerator programme. NINJA Accelerator is…
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News
JAY-Z’s VC Firm invests in 24 Year-old Founder Iddris Sandu on an innovative tech incubator shaping the metaverse
Marcy Venture Partners (MVP), the Venture Capital Firm owned by American rapper, and businessman Jay-Z is investing in 24-year-old technologist…
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News
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria’s super-agent networks. The deal, which is…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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News
Kepple Africa Ventures revokes its investment stake in Kenyan fintech startup Wapi Pay
Japanese VC firm Kepple Africa Ventures has announced that it will be revoking its investment in Kenyan fintech startup Wapi…
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Startups
Nigeria’s e-commerce startup Sendbox raises $1.8 million
Sendbox has announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs, and…
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News
These are the 9 Kenyan startups selected to receive equity-free funding from Google
Google recently announced that it will be investing up to $50 million in African early- and growth-stage startups via its…
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Startups
Ian Lessem: The rise of African tech unicorns
African unicorns have made big news in recent months, with four startups having recently reached a $1 billion valuation or…
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News
Google to invest $50M equity-based fund in African startups
Last week, tech giant Google announced that it plans to invest up to $50 million in African early- and growth-stage startups…
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News
Sendy acquires a significant stake in West African logistics startup Kamtar
Kenyan tech-logistics startup Sendy has completed a strategic equity investment in West African logistics platform Kamtar. On the heels of…
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News
Nigeria’s B2B payments platform Verto secures $10m Series A round for expansion
Nigeria’s B2B payments platform Verto has announced that it has closed $10 million in Series A funding for expansion. The round was led…
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News
Unilever invites startups to partner through Positive Beauty Growth Platform
Unilever has announced the launch of the Positive Beauty Growth Platform, a new initiative that aims to partner with scale-ups…
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News
Kenyan-based B2B Retail Startup MarketForce appoints Arthur Bourekas as Chief Commercial Officer
MarketForce, the Kenya and Nigeria-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, has…
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News
EMURGO launches $100m investment vehicle for early and growth stage startups in Africa
EMURGO has announced the launch of a new Cardano ecosystem investment vehicle to invest in early startups and growth-stage startups.…
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News
Absa partners with Melanin Kapital to launch unsecured lending for women-focused startups in Kenya
Absa Bank Kenya has partnered with Pan African impact investment platform Melanin Kapital, to launch an investor readiness program for…
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News
PATRICK NDEGWA: Growing a successful tech startup in Kenya – 4 key elements
The tech scene in Kenya is thriving. Even amid a global pandemic, economic uncertainty, and election fever, our dynamic African…
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News
Nigeria’s healthtech startup 54gene secures $25 million in a Series B round
Nigeria’s healthtech startup 54gene, has raised $25M in a Series B round funding to expand its capabilities to contribute to…
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News
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme. The programme was launched yesterday at an online event moderated by security…
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News
Nigeria’s auto financing firm Autochek acquires Cheki Kenya and Uganda
Autochek has on Monday announced that it has reached an agreement to acquire ROAM Africa’s automotive marketplaces Cheki Kenya and…
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News
Endeavor Nigeria unveils inaugural cohort for its ScaleUp program
Endeavor Nigeria has unveiled the inaugural cohort of entrepreneurs for its new 10-week Endeavor ScaleUp Program that aims to support Nigeria’s…
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News
LG Unveils Ksh 2 Billion Global Startup Innovation Contest
LG Electronics has launched Mission for the Future, a global contest for startups to unlock innovative technologies and business ideas…
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News
SWVL completes $35.5m pre-funding to accelerate growth strategy
Dubai-based provider of mass transit and shared mobility solutions Swvl has completed a $35.5m pre-funding of the aggregate PIPE subscription.…
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News
South African fintech startup SOL rebrands to SOLmate
South African fintech startup SOL has announced that it’s rebranding to SOLmate. The online payment platform that offers clients a digital…
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News
African-focused Payments Firm pawaPay Raises $9M Seed Funding
African-focused payments firm pawaPay has raised a $9m Seed funding led by UK-based investment fund 88mph. Vunani Capital, Kepple Ventures,…
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News
East African Startup ecosystem poised for massive growth in 2021
Africa has a very vibrant startup ecosystem. Even with the pandemic, these startups have gone ahead and raised massive funding…
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News
East Africa’s Startup ecosystem players in Nairobi to design the future of Africa Tech
Leading startup ecosystem players in Africa have today kicked off a two-day workshop to design solutions for challenges that the…
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News
Kenyan Fintech Startup Kwara Selected for Mastercard Start Path Program
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.…
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