East Africa

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East Africa

A collection of 6 posts

East Africa leads the Fundraising Trail in Africa with $45.7 million

East Africa leads the Fundraising Trail in Africa with $45.7 million

According to data from BD Funding Tracker, East Africa led the fundraising trail in July, with startups in the region securing 37.4% of the total funds raised.

Huawei's Wi-Fi 7 set to Deepen Internet Penetration and Accelerate Shift to Wireless Connectivity in East Africa

Huawei's Wi-Fi 7 set to Deepen Internet Penetration and Accelerate Shift to Wireless Connectivity in East Africa

East Africa has seen a significant increase in the adoption of technology over the past few years, with advancements in internet connectivity playing a pivotal role in this transformation. However, there is still a considerable gap in network penetration and connectivity in the region, which presents both challenges and opportunities

Deep Diving Into the Tanzanian Tech Startup Ecosystem

Deep Diving Into the Tanzanian Tech Startup Ecosystem

The Tanzanian tech startup ecosystem has undergone tremendous growth and development over the past decade. In the early days, the startup scene was small, with only a few entrepreneurs taking advantage of the opportunities presented by technology. However, over the years, the number of startups and investment in the sector

Nigerian Investors Petition Kenyan Court Over Frozen $11.8 million

Nigerian Investors Petition Kenyan Court Over Frozen $11.8 million

Over Two Thousand (2,000) Nigerian investors in Kenya have made a petition against the court to unfreeze the Eleven Million Eight Hundred Thousand ($11.8 million) US dollars that the court had ordered to be frozen. The amount in question is equivalent to one billion four hundred forty million

Jumia Opens Integrated Warehouse In Nairobi

Jumia Opens Integrated Warehouse In Nairobi

Africa’s leading eCommerce startup, Jumia, has newly opened an integrated warehouse in Nairobi, Kenya, one of its East African locations. It is believed the opening is made to boost its customer’s shopping experience. The warehouse was also established to assist the company to evolve its Jumia Express Operations

Tanzanian remittance platform NALA, raises $10 M in a new fundraising round

Tanzanian remittance platform NALA, raises $10 M in a new fundraising round

Tanzanian fintech, NALA, has raised $10 million in a fundraising round. NALA is a cross-border payment company that recently pivoted its services from local to international money transfers. Investors in this funding round include Amplo, Accel, and Bessemer Partners, with local investors like DFS Lab. Also partaking are angel investors