Africa Tech Summit London Announces 12 Promising Ventures for Investment Showcase at London Stock Exchange
May 24, 2023
Africa Tech Summit London has recently unveiled an exciting lineup of 12 African tech ventures that will present investment opportunities to investors, corporates, and industry experts at the prestigious London Stock Exchange on June 23rd….
Tyme Secures Ksh 10.6 Billion in Funding for Global Expansion
May 23, 2023
Tyme, the rapidly growing digital banking group, has announced a successful capital raise of $77.8 million from investors Norrsken22 and Blue Earth Capital. This pre-Series C funding round will fuel the company’s global expansion efforts….
Wasoko Expands Operations to Zambia
May 11, 2023
Wasoko has today announced its expansion into Zambia, marking the company’s first location in Southern Africa. The company will invest over $1mn in its first year of operations to support local Zambian businesses and communities…
Kenya’s startup ecosystem is set for growth in 2023 and beyond
May 11, 2023
by Patrick Ndegwa, SEACOM Business Sales Lead for SEACOM East Africa Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and supportive infrastructure. According to…
Kenyan Startups Among 10 Selected for Qualcomm's Make in Africa Mentorship Program
May 5, 2023
Qualcomm Technologies has announced the shortlisted teams for the inaugural Qualcomm Make in Africa Mentorship Program, with 10 startups selected for a 7-month equity-free mentorship program. These startups are developing innovative products in clean energy,…
Opportunik Global Fund's Aim to Connect African Investors to Global Markets
April 18, 2023
Opportunik Global Fund, a private wealth fund aimed at giving Africans and Diasporans access to global investments, has announced the launch of its licensed fund on May 2, 2023. The fund, administered by Accuvise Administrators…
Payday Secures Ksh 396 Million Seed Round to Power the Future of Work for Africa
March 29, 2023
Payday has announced a $3M seed round led by Moniepoint Inc with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors, Dare Okoudjou, Founder and CEO of MFS Africa,…
Factor[e] Ventures launches Delta40, a new venture studio to transform the African startup ecosystem
March 23, 2023
Factor[e] Ventures today strengthens its commitment to transform the African start-up ecosystem with the launch of Delta40, a new venture studio that aims to increase incomes and tackle climate change in Africa by building and…
Zumi, an E-commerce Platform, Shuts Down Operations Due to Luck of Funding
March 22, 2023
Ecommerce is a rapidly growing sector in Africa, with projections indicating a positive outlook for the future. However, breaking through and achieving sustainability can be a significant challenge for startups. This is a reality that…