​Why MarketForce Is Exiting Three Markets to Focus on Profitability

Marketforce has decided to discontinue operations in Nigeria, Rwanda, and Tanzania, retaining Uganda and Kenya as their only markets for RejaReja.

Daily

Bolt Kenya Suspends 5% Booking Fee Pending NTSA Clarification

Bolt Kenya has announced that it is suspending its 5% booking fee included in the riders’ fare, pending clarification from the National Transport and Regulatory Authority (NTSA) amidst licence renewal troubles. This even comes as Bolt has been under attack from NTSA over the illegal booking fees, with the regulator

Press Release

Indian Energy Solutions Brand Luminous Power Partners Hudaco Energy to Expand into South Africa

Luminous Power Technologies, a leading energy solutions company and a 100% subsidiary of Schneider Electric, is making significant strides to transform the global energy landscape by entering the South African market through a strategic partnership with Hudaco Energy, the leading country distributor and a group company of Hudaco Industries Ltd.

Daily

Ghanaian VC Firm Injaro Invests $2M in Zeepay's Series A Round

Injaro Advisors, a Ghanaian private capital fund manager, has recently invested $2 million in the Zeepay Ghana Limited Series A round. This represents the VC's inaugural investment from its Injaro Ghana Venture Capital Fund (IGVCF). Injaro has now joined a consortium of international investors who are participating in

New Analysis

Matters Arising as Fidelity Bank Rescinds on Its "No Transfer to Neobanks" Decision

Fidelity Bank's recent decision to block customer transfers to neobanks like OPay, Moniepoint, Palmpay, Kuda, and the like, a decision that it has now rescinded, sent shockwaves through Nigeria's rapidly evolving financial landscape. This move, primarily attributed to concerns over rising fraud and customer verification from

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Sukhiba Connect Sets Sights on Expanding WhatsApp Conversational Commerce Across Africa

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News Analysis

​SA Transportation Data Platform WhereIsMyTransport Shuts Down Operations After Failing to Secure New Funding

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​AAIC Investment Raises Funding for Its Africa Healthcare Fund 2 (AHF2) to Support African Startups

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Eversend Introduces Money Transfers From Europe to 8 African Countries

Eversend, an African fintech that allows customers to pay, spend, and send money across borders has announced that its users can now instantly send money from Europe to Africa, opening up new opportunities for affordable and convenient money transfers for Africans in the diaspora. The key features include; direct funding

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Seven Female-Led Kenyan Startups Awarded Ksh. 9.8 Million in Seed Funding

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Nigerian Fintech Startup Vella Finance Discontinues Crypto Operations, Pivots into SME Banking

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Nigerian Gov't Partners IHS Nigeria to Establish 3MTT Learning and Community to Bridge Digital Divide

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Airbnb unveils $500,000 fund to support tourism growth in Africa.

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​Nigerian Fintech Startup Branch Wins Big at the Africa Bank 4.0 Summit 2023

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GSA Africa Summit 2023 Kicks Off Today in Addis Ababa, Ethiopia

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​Nigerian Healthtech Startup WellaHealth Launches Healthsend in Kenya

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Digital Lender Tala Appoints Annstella Mumbi as GM

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Husk Power, World’s Biggest Mini-Grid Company, Secures Record $103M Series D to Expand Across Africa, Asia

Press Release

UAE Proptech Keyper Raises $6.5 Million Seed Round

Digital real estate investment management platform, Keyper, based in the UAE, today announced the successful completion of its seed funding round, raising $6.5 million. The round was led by Access Bridge and Vivium Holdings. Other participants include venture Capital firm MEVP, renowned tech investor Jabbar Internet Group, key players

Press Release

Wellington Management Announces Close of Wellington Venture Investments I

Wellington Management (“Wellington” or “the Firm”), one of the world’s largest independent investment management firms, today announced the final close of its early-stage venture fund, Wellington Venture Investments I (“WVI” or “the Fund”), with US$150 million in commitments. The Fund invests in early-stage companies in large and growing

Daily

Cape Town Sets to Play Host to AfricArena 2023 Grand Summit

The renowned Cape Town International Convention Centre will transform into a hub of innovation and investment as it hosts the AfricArena Cape Town Grand Summit, slated for Tuesday, December 5, and Wednesday, December 6, 2023. AfricArena is a pan-African tech startup accelerator that has hosted regional events in Johannesburg, Cairo,

Daily

​Bitnob Integrates Universal Money Address (UMA) to Further Revolutionize Cross-Border Payments in Africa

Bitnob, Africa's leading fintech company, has today announced its historic integration with the Universal Money Address (UMA) standard. Making Bitnob the first company in Africa to adopt this revolutionary payment protocol. UMA, portrayed as an “email address for money,” is an open-source, global system that enables 24/7

Daily

Chenosis Partners with Botlhale AI to Close Language Gaps for African Businesses

Pan-African Accelerator Platform Chenosis has partnered with Botlhale AI Solutions to bridge language gaps for African businesses. Chenosis is a platform that enables the creation of more efficient and affordable code. Launched in 2020, it enables developers to tap into a broad spectrum of API products and services from across

Daily

Kenyan Web3 Startup, HoneyCoin Partners with MYKOBO to Enter European Market

HoneyCoin, a Kenyan cross-border Web3 super app, has entered into a partnership with MYKOBO, paving the way for its introduction into the European market. The partnership aims to empower users across all 27 European Union (EU) Member States to effortlessly deposit, withdraw, and transmit digital Euros to more than 140

Features

Exploring the Implications of Western Appeal to African Tech Startups on the Continent

The African tech landscape is thriving, with over ten thousand innovative businesses working relentlessly to address some of the continent's most critical challenges. These startups have piqued the interest of both international and domestic investors, with total venture capital funding increasing from less than $190 million in 2015