Meta has launched the Llama Impact Accelerator, a startup-focused program aimed at strengthening open-source AI innovation across Sub-Saharan Africa. Targeting early-stage ventures, the initiative will support the development of AI
Salus Cloud, an AI-native DevOps startup founded in 2024 by Andrew Mori, has raised $3.7 million in seed funding to scale its platform across Africa, the Middle East and
Kenyan agri-tech startup Twiga Foods has temporarily suspended its Nairobi operations for two months as part of what it calls the “final stage” of a business transformation aimed at reshaping
Ten Kenyan startups have secured a spot in the regional finals of the prestigious Startup World Cup. The competition, held during the Kenya Startup Festival and organized by the Kenya
Ethiopian food delivery startup beU has recorded May as its first profitable month after nearly four years of operation. The company, which launched in June 2021, has invested $4 million
The Finance Bill 2025 has proposed significant tax reforms that could reshape Kenya’s startup landscape, including the removal of deferred taxation on Employee Share Ownership Plans (ESOPs).
If passed,
Kenya attracted Ksh82.5 billion (USD 634 million) in startup funding in 2024, reaffirming its position as Africa’s top destination for venture capital, according to the Kenya Innovation Outlook
Ethiopia’s Council of Ministers has unanimously endorsed a long-delayed Startup Proclamation, setting the stage for a significant policy shift aimed at formalizing and boosting the country's emerging
Climate technology startup Tera, based in Kisumu, has become the first African project developer to secure independent validation on the France-based Riverse carbon registry.
Founded in 2024, Tera uses sugarcane
Latin American payments giant dLocal has announced plans to acquire AZA Finance, a Nairobi-based cross-border payments startup, although the acquisition remains subject to regulatory approvals.
The two companies initially partnered
Nigerian fintech Moniepoint is poised to expand into Kenya’s financial sector following regulatory clearance for its proposed acquisition of a 78% stake in Sumac Microfinance Bank.
The green light
Pan-African telecom operator AXIAN Telecom has acquired an 8% minority stake in Jumia, the e-commerce platform. The stake acquisition was disclosed through a Schedule 13D filing with the U.S.
