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Kenya’s Twiga Foods Halts Nairobi Operations

Kenya’s Twiga Foods Halts Nairobi Operations

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 its role in the country's retail ecosystem. Twiga is using the break to relocate from its current hub
Jun 11, 2025 1 min read
Ten Kenyan Startups Advance to Grand Finale of Startup World Cup

Ten Kenyan Startups Advance to Grand Finale of Startup World Cup

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 National Innovation Agency (KeNIA), attracted over 160 applicants from across the country. The Startup World Cup, organized by Pegasus Tech
Jun 10, 2025 1 min read
Ethiopia’s beU Hits Profitability Milestone

Ethiopia’s beU Hits Profitability Milestone

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 in infrastructure and operations to establish itself as a dominant player in Ethiopia’s competitive on-demand delivery sector. With an
Jun 10, 2025 1 min read
Kenya’s Proposed Tax Changes Threaten Startup Growth, Spark Investor Concerns

Kenya’s Proposed Tax Changes Threaten Startup Growth, Spark Investor Concerns

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, employees will now be taxed when their shares vest, rather than when they sell them, a move critics say could
Jun 10, 2025 1 min read
PayU GPO Launches A2A Payments in Nigeria, Appoints Country Head for South Africa
Press Release

PayU GPO Launches A2A Payments in Nigeria, Appoints Country Head for South Africa

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 new Country Manager for South Africa. This investment reflects PayU GPO’s broader strategy to drive financial inclusion and modernise
Jun 9, 2025 2 min read
Kenya Attracts $634M in Startup Funding, Highest in Africa

Kenya Attracts $634M in Startup Funding, Highest in Africa

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 2024 report. This accounted for 29% of all startup capital raised across the continent, ahead of Nigeria, Egypt, and South
Jun 9, 2025 2 min read
Ethiopia Moves to Formalize Startup Ecosystem with Long-Awaited Legislation

Ethiopia Moves to Formalize Startup Ecosystem with Long-Awaited Legislation

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 tech startup ecosystem. The draft law outlines a framework tailored to early-stage, tech-driven businesses. It offers targeted incentives such as
Jun 9, 2025 1 min read
Kenyan Climate Tech Startup Tera Secures Validation for Carbon Credit Issuance

Kenyan Climate Tech Startup Tera Secures Validation for Carbon Credit Issuance

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 bagasse, a fibrous byproduct of sugar production, to produce biochar, a substance that stores carbon and enhances soil fertility. The
Jun 9, 2025 1 min read
dLocal Acquires Nairobi’s AZA Finance in $150M Deal to Boost Africa Presence

dLocal Acquires Nairobi’s AZA Finance in $150M Deal to Boost Africa Presence

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 in February to co-expand their offerings through cross-selling. Now, dLocal, which is valued at over $5 billion and headquartered in
Jun 4, 2025 1 min read
Nigerian Fintech Moniepoint Secures Approval to Enter Kenya’s Market

Nigerian Fintech Moniepoint Secures Approval to Enter Kenya’s Market

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 from the Competition Authority of Kenya (CAK) positions Moniepoint for a strategic entry into East Africa’s high-growth digital finance
Jun 4, 2025 1 min read
AXIAN Telecom Acquires Stake in Jumia

AXIAN Telecom Acquires Stake in Jumia

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. Securities and Exchange Commission. AXIAN Telecom, which operates across several African markets, described the investment as part of its broader
Jun 4, 2025 1 min read
Ethiopian Startup Launches Power Bank Rental Service

Ethiopian Startup Launches Power Bank Rental Service

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 rent power banks from more than 60 stations across the city after registering on the app. The power banks can
Jun 3, 2025 1 min read
Lagos-Based Fintech Fincra Secures Tanzanian Licence

Lagos-Based Fintech Fincra Secures Tanzanian Licence

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 licence allows Fincra to offer its suite of financial infrastructure products, including virtual accounts, payment APIs, payment links, and checkout
Jun 3, 2025 1 min read
Kalia Health’s Home Diagnostic Tool Targets Maternal Mortality in East Africa

Kalia Health’s Home Diagnostic Tool Targets Maternal Mortality in East Africa

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 detect preeclampsia, a life-threatening pregnancy complication. The company, Kalia Health, emerged from a university classroom project and is now gaining
Jun 3, 2025 1 min read
Ethiopian Startup Beemi Secures Seed Funding to Boost Mobile Livestreaming Innovation

Ethiopian Startup Beemi Secures Seed Funding to Boost Mobile Livestreaming Innovation

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 its interactive features, strengthen creator monetization tools, and build strategic partnerships with content creators and brands. Founded in 2023 by
Jun 2, 2025 1 min read
Wingu Africa Secures $60M to Accelerate Data Infrastructure Growth Across East Africa

Wingu Africa Secures $60M to Accelerate Data Infrastructure Growth Across East Africa

Wingu Africa, East Africa’s first carrier-neutral data centre operator, has secured $60 million in funding from Rand Merchant Bank (RMB) to scale its operations and strengthen digital infrastructure across the region. The funding comes amid rising demand for secure and interconnected digital services driven by cloud adoption, enterprise digitalization,
Jun 2, 2025 1 min read
Cardano Accelerator Launches with Nine Startups, Two Africa-Centered

Cardano Accelerator Launches with Nine Startups, Two Africa-Centered

Cardano has officially launched the CV Labs Cardano Accelerator, a 10-week startup program aimed at advancing blockchain solutions built on its ecosystem. Hosted in Switzerland, the accelerator features nine early-stage ventures, two of which are focused on addressing key challenges in Africa. The program is designed to help startups go
Jun 2, 2025 1 min read
Ngugi Karega: The Visionary Leading Prompt BI’s Data-Driven Classroom Transformation
Members only

Ngugi Karega: The Visionary Leading Prompt BI’s Data-Driven Classroom Transformation

Born from the deeply personal journey of its co-founder, Prompt BI (Formerly Skizaa) is quickly emerging as one of Africa's most promising ed-tech platforms, harnessing mobile technology and real-time data to reshape education systems in underserved communities across the continent.
May 30, 2025 2 min read
East Africa’s SolarNow Enters Liquidation Amid Sector Struggles

East Africa’s SolarNow Enters Liquidation Amid Sector Struggles

SolarNow Services Ltd has entered voluntary liquidation. A notice published in the Kenya Gazette confirms that the company’s shareholders passed a resolution to liquidate. Founded in 2011 and headquartered in the Netherlands, SolarNow began operations in Uganda, offering pay-as-you-go solar systems designed for off-grid households. Its model, which allowed
May 30, 2025 1 min read
Conecta Africa Launches in Nairobi to Boost 1,500 Startups Across East Africa

Conecta Africa Launches in Nairobi to Boost 1,500 Startups Across East Africa

Nairobi has become the launchpad for a new initiative aiming to transform the support landscape for early-stage businesses across Africa. Conecta Africa seeks to boost 1,500 small and medium enterprises (SMEs) by creating a stronger collaboration among entrepreneurship support organisations (ESOs) from Kenya, Nigeria, Rwanda, and South Africa. The
May 30, 2025 2 min read
Ethiopia’s Startup-Backed Fayda Wallet to Boost Digital ID and Financial Inclusion
Daily

Ethiopia’s Startup-Backed Fayda Wallet to Boost Digital ID and Financial Inclusion

Ethiopia has introduced the Fayda Wallet, a new digital identity and financial inclusion platform aimed at simplifying electronic Know Your Customer (eKYC) processes and expanding access to formal financial services. The wallet was co-developed by Swiss-based biometrics firm TECH5 and global payments provider Visa. The National ID Program (NIDP) is
May 29, 2025 1 min read
Seven Women-Led Startups Selected for EdTech Fellowship in Kenya

Seven Women-Led Startups Selected for EdTech Fellowship in Kenya

Seven women-led startups are among the twelve ventures selected for the 2025 Mastercard Foundation EdTech Fellowship cohort, a program run by Nairobi-based incubator iHUB. Launched in 2023, the Fellowship supports early-stage education technology startups through a combination of equity-free funding, mentorship, and business development support. This marks the first time
May 29, 2025 1 min read
Africa in Focus as Conduit Secures $36M to Scale Stablecoin Infrastructure

Africa in Focus as Conduit Secures $36M to Scale Stablecoin Infrastructure

Conduit, a fintech startup focused on transforming cross-border payments through Stablecoin technology, has secured $36 million in Series A funding to fuel its expansion across Latin America, Africa, and Asia. The round was co-led by Dragonfly and Altos Ventures, with additional backing from Sound Ventures, Commerce Ventures, DCG, Circle Ventures,
May 29, 2025 1 min read
Tanzanian Fintech Startup Mixx to Digitize SACCO Payments Nationwide

Tanzanian Fintech Startup Mixx to Digitize SACCO Payments Nationwide

Tanzanian fintech startup Mixx by Yas has announced a strategic partnership with UBX and the Savings and Credit Cooperative Union of Tanzania (SCCULT) to digitize financial services for SACCO (Savings and Credit Cooperative) members across the country. Under the agreement, Mixx by Yas will serve as the exclusive digital payments
May 28, 2025 1 min read
British Investment Backs Kenya’s ARC Ride with $5M to Drive E-Mobility Growth

British Investment Backs Kenya’s ARC Ride with $5M to Drive E-Mobility Growth

Kenya’s electric mobility landscape has received a significant boost with a $5 million investment in ARC Ride, a local startup offering battery-as-a-service (BaaS) solutions for electric two-wheelers. The financing, led by British International Investment (BII), the UK’s development finance institution, is set to accelerate the rollout of 5,
May 28, 2025 1 min read
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