Three Kenyan Startups Join the Google for Startups Accelerator Africa 8th Cohort
August 1, 2024
Google for Startups Accelerator Africa has announced its 8th cohort of 10 startups utilizing AI to tackle challenges across Kenya, Nigeria, Rwanda, and South Africa. These startups are addressing healthcare, cargo mobility, energy solutions, and…
Antler Nairobi Seeks to Invest $2 Million into Early-Stage Startups
July 30, 2024
If you are a startup founder or have a startup idea, this is your chance to get support from Antler Nairobi. This was shared on LinkedIn by Marie Nielsen, a partner at Antler Africa. The…
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…