News - East Africa

Safaricom and PayPal have announced a strategic collaboration to enable seamless fund transfers between M-PESA and PayPal accounts. This partnership...

Stanbic Bank Kenya has announced its intention to raise US$100 million to support startups and small and medium-sized enterprises (SMEs)...

Sun King, a leading provider of off-grid solar energy solutions, has successfully closed a $156 million (KES 20.1 billion) securitization...

SanuPay and OpenWay have partnered to roll out Ethiopia’s first locally issued credit card, a significant step toward modernising the...

Kenyan mobility startup BuuPass, a leading B2B2C platform for intercity travel across Africa, has secured strategic funding from Yango Ventures...

Nigerian on-demand delivery startup Chowdeck has acquired Nairobi‑born POS platform Mira, marking a bold expansion beyond logistics into full-stack technology...

BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, has secured a US $5 million investment from ElectriFI—the EU-funded...

The European Investment Bank’s development arm, EIB Global, has joined forces with Kenya’s Family Bank to mobilize a combined €100 million (approx. US $111 million)...

Kenyan e-health startup MYDAWA has raised $20 million in funding from London-based private equity firm Alta Semper Capital, marking its...

Umba, the Kenyan digital banking platform, has announced it has secured $5 million in debt financing to support its expansion...

Sumet Technologies, a Tanzanian fast-moving consumer goods (FMCG) distribution startup, has successfully raised $1.5 million in pre-seed funding. This investment...

Kenyan logistics startup Leta has secured $5 million in seed funding to enhance its AI-driven platform aimed at optimizing delivery...