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,
PayU GPO, an online payment service provider operating in over 40 emerging markets, unveiled the launch of Account-to-Account (A2A) payments in Nigeria and the appointment of Ryan Engel as the
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.
An Ethiopian technology startup, MyCharge Technology PLC, has unveiled a new power bank rental and sharing service aimed at creating an on-demand mobile charging infrastructure in Addis Ababa.
Users can
Lagos-based fintech startup Fincra has received approval from the Bank of Tanzania to operate as a licensed payment service provider, marking a major step in its expansion across Africa.
The
A startup co-founded by students from Uganda’s Makerere University, alongside peers from UNC-Chapel Hill and Duke University in the U.S., is developing an affordable home-based diagnostic tool to
Addis Ababa-based startup Beemi has raised an undisclosed amount in seed funding from Renew Capital to expand its mobile-first livestreaming platform across Africa.
The investment will help the company scale
