d.light Records Highest Ever Quarterly Profits in Q2 2024
July 30, 2024
d.light achieved its highest ever quarterly revenue and profits in Q2 2024, the company announced today. Consecutive record-breaking monthly revenue figures in May and June, combined with improved operational efficiencies, led to Q2 2024 being…
Intron Health Closes a $1.6 Million Pre-seed Funding Round
July 25, 2024
Intron Health has announced the close of a $1.6 Million pre-seed funding round. The round was led by Microtraction, with participation from Plug and Play Ventures, Jaza Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital. The…
Vodacom Tanzania Unveils Season 3 Winners of its Digital Accelerator Program
July 17, 2024
Summary The third season of Tanzania’s Digital Accelerator Program has come to an end with a Demo Day event. This was a three-month acceleration program was in partnership with MassChallenge and Huawei. The program featured…
d.light Secures $176 Million to Expand Solar Access Across East Africa
July 17, 2024
d.light has closed a new securitization facility that will purchase $176 million of receivables in Kenya, Tanzania and Uganda. This financing is provided by social impact-focused asset management company African Frontier Capital. With this new facility,…
Kenyan Skincare Startup, Uncover, Closes a $1.4m Seed II Funding Round
July 15, 2024
Uncover has successfully closed a $1.4m Seed II funding round led by EQ2 Ventures and IgniteXL Ventures, with participation from Chui Ventures, Samata Capital and Altree Capital. As part of the round, Uncover also facilitated…
NALA Secures $40 Million in Series A Funding to Expand its B2B Payments platform
July 10, 2024
Tanzanian-born fintech, Nala, has announced that it has raised $40 million in a series A funding round led by Acrew Capital with the participation of DST Global, Norrsken22, and HOF Capital. Nala allows individuals in…
Ethiopia Launches the Inaugural National Ethiopian Startup Awards
July 5, 2024
As the host nation of the Global Startup Awards Africa, Ethiopia launched the inaugural national Ethiopian Startup Awards on 3rd June 2024 at the Entrepreneurship Development Institute (EDI). This follows the success of the Global Startup Awards Africa…
15 Kenyan Startups Selected to join Women in Tech Cohort 7 Programme
July 4, 2024
Standard Chartered and @iBizAfrica- Strathmore University have announced the latest inductees into their transformative ‘Women In Tech’ programme. This year’s Standard Chartered Women In Tech programme aims will bring together female entrepreneurs who are leveraging…
How pawaPass is Transforming User Verification in Africa: An Interview with Sylvia Brune
June 13, 2024
The digital identity and verification landscape is changing and pawaPass stands out as a key player pushing innovation. I had the opportunity to talk to Sylvia Brune, CEO of pawaPass, to discuss the company’s start,…