Nigerian startups, which dominated the previous year's cohort with 23 spots, still lead the pack in this year's selection, although with a reduced number of 10.
Yellow Africa raises a $14 million Series B funding round from Convergence Partners, the Energy Entrepreneurs Growth Fund and Platform Investment Partners to expand its coverage in select Sub-Saharan African markets.
BoxCommerce is now the largest B2B e-commerce startup in Kenya, with a merchant base 16 times larger than Shopify's. Its rapid growth trajectory positions it to surpass Shopify not only in Kenya but also in Africa and Southeast Asia within the next year.
FSD Africa Investments (FSDAi) has invested $1.2 million in Africa Climate Ventures (ACV), a visionary venture builder dedicated to combating climate change while tapping into the continent's
Kenya has long been a hub for remittances, with its citizens residing overseas sending substantial amounts of money back home. Giving Egypt and Nigeria a hot pursuit for the number
In the constantly evolving landscape of African startups, two prominent players, Mara and Chipper Cash, have recently faced tumultuous times marked by multiple rounds of layoffs. These layoffs have raised
Helium Health has raised $30 million in a Series B funding round led by AXA IM Alts, in a ground-breaking development for Nigerian health tech. This investment will accelerate the
Unlimit, one of the leading global fintech companies has received a license from the Central Bank of Kenya to roll out its payments services in the country. This comes barely
Over the past few years, East Africa has emerged as a formidable contender for the title of Africa's technology headquarters. With Nairobi, the capital of Kenya, often referred
Nigerian fintech startup, Nearpays has emerged as the overall winner of the highly coveted Fintech and Blockchain Technology category at the Gitex Africa tech conference. The startup, which provides a
Nigeria, a country known for its thriving tech ecosystem and the growing number of startups, is currently facing a major challenge. The government’s recent removal of fuel subsidy has
