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Kenya

A collection of 40 posts

Uber, Bolt among other ride-hailing companies face strict regulations in Kenya

Uber, Bolt among other ride-hailing companies face strict regulations in Kenya

Kenya National Transport and Safety Commission (NTSA) has embarked on the move to enforce its 18% commission cap on ride-hailing companies – Bolt, Uber and Little – in the country. According to Uber, the company cannot agree with the stipulated commission because it is 7% lesser than its current charge of 25%

Safaricom rolls out services in two Ethiopian cities

Safaricom rolls out services in two Ethiopian cities

Safaricom has expanded its customer pilot to two additional cities – Bahir Dar and Adama in Ethiopia which marks the 4th and 5th cities in the country to test the network. This is following Safaricom’s launch in Ethiopia in August 2022 and after it has rolled out its network in

Bitmama closes pre-seed at $2m, allows surge in Africa’s cryptocurrency

Angellist Ventures

Bitmama closes pre-seed at $2m, allows surge in Africa’s cryptocurrency

Blockchain payment startup, Bitmama has raised additional $1.65m pre-seed fund bringing its total to $2m following its $350,000 initial pre-seed championed by Launch Africa Ventures, Unicorn Growth Capital, Adaverse and Flori Ventures in October 2021. The new round of investors included the ones from the initial pre-seed round

Mekan Games’ The President inspired by ex-American President

Mekan Games’ The President inspired by ex-American President

Kenyan Developer, Evans Kiragu and his team at Nairobi-based video gaming company, Mekan Games developed a game called The President in November 2021 that now has markets in the US. This was fulfilled during a training co-hosted by mobile games developing company, Crazylabs and play and earn South African company,

FrontEnd Ventures Prepares To Supports Kenyan Startups With $5Million

FrontEnd Ventures Prepares To Supports Kenyan Startups With $5Million

Kenya-focused venture capital fund, FrontEnd Ventures has closed its first $ 1 million venture capital fund to make funding available for early-stage startup founders in Kenya. Launched in 2021 by Steven Wamathai and Njeri Muhia, the venture capital is supported by a Five million US Dollars ($ 5 million) fund which is

Kenya The New Tech Playground As Google, Bolt, Mono Launch Out

Kenya The New Tech Playground As Google, Bolt, Mono Launch Out

In tech, choosing a location to operate your business has to be one of the most important decisions you have to make. This critical decision became a big deal when some tech companies picked a particular African country, Kenya, as their strategic point of business or their preferred extension destination.

Kenya’s Kune Food Shut Down Operations Barely After 10 months, Blames Hash Economic Weather

Kenya’s Kune Food Shut Down Operations Barely After 10 months, Blames Hash Economic Weather

Kune Food, a Kenya-based food tech startup, announced Wednesday that it is shutting down operations. The founder and CEO, Robin Reecht, attributed inflated food prices that have hampered the startup from raising another round since its seed round last year. Reecht founded Kune Food in December 2020 to offer ready-to-eat

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

Kenya based Twiga embarks on commercial farming with the launch of Twiga Fresh

In sub-Saharan Africa, 90% of retail is informal, highly inefficient and characterised by layers of intermediaries. To curb this, Twiga, a B2B ecommerce startup is launching Twiga Fresh, a new subsidiary, through which it will farm and distribute its own agricultural produce to traders. The Kenyan startup says it has

Google's Product Development Centre: what is in for the Kenyan talents?

Google's Product Development Centre: what is in for the Kenyan talents?

Kenya is an emerging East African economic hub with a population of about 55 million people with the youth constituting a large chunk of the population. Regrettably, this youthful population is not translating into economic growth due to the youth unemployment rate which stands at 13.5 percent, according to

Google launches first product development center in Nairobi

Global tech giant, Google has announced the launch of a product development center in Nairobi, its first in the continent. The company said it set up the centre to build “transformative” products and services for the African market and the world. Suzanne Frey, Google VP for products disclosed that the

Visa, the global leader in digital payments opens the first African Innovation Studio in Nairobi

Visa, the global leader in digital payments opens the first African Innovation Studio in Nairobi

Visa, a leading digital payment company that accelerates payments between consumers, merchants, financial institutions, and government organizations in over 200 countries and territories, has inaugurated an Innovation Studio in Nairobi, Kenya. This facility will serve Sub-Saharan Africa and be part of Visa’s network of innovation centers, which have been

Kenya's Sokowatch raises $125M in Series B as it rebrands to Wasoko to further expand across Africa

Kenya's Sokowatch raises $125M in Series B as it rebrands to Wasoko to further expand across Africa

Kenya-based B2B company, Sokowatch has raised $125 million in Series B round in full equity and rebranded to Wasoko. This funding is the largest funding round raised in Africa for a non-fintech startup. The series round was led by Tiger Global and Avenir Growth and also had participating VNV Global,

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

Kenyan Agritech startup, Apollo Agriculture, takes up US$ 9.5m Loan to Enhance Food Security Pact

A Kenya-based technology firm that helps small-scale farmers increase their profitability, Apollo Agriculture, has agreed to take up a US$9.5 million loan from the US government-backed International Development Finance Corporation (DFC) for up to ten years. The DFC said the 10-year loan would assist to improve Kenya’s

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan Fintech startup, Paylend, bags $2M Seed Investment

Kenyan fintech startup, Paylend, announced Tuesday that it has secured $2 million seed investment from Next Chymia Consulting HK Limited, an Asian based company that provides blockchain applications, consultancy services and training to global entities. Founded in September 2019, Paylend is focused on providing access to finance and digitizing MSMEs

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Kenya’s Asilimia raises $2 million to expand into new markets in East Africa

Asilimia, a Kenyan-based digital infrastructure startup connecting African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in East Africa. The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn