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News - East Africa
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Zofi Cash, a fintech startup in Uganda, has received pre-seed funding of $1 million
Zofi Cash, a Ugandan fintech startup, has raised $1 million in pre-seed capital to strengthen its mission to make every...
Read moreBasiGo, a Kenyan e-bus company, has launched the country’s first public fast-charging station for electric buses
BasiGo, an e-bus company, has launched a charging station in Nairobi, the first to do so under the new e-mobility...
Read moreM-KOPA, an African fintech platform, secures $250 million in debt and equity funding
M-KOPA, a major fintech platform, recently announced that it had successfully raised more than $250 million in fresh debt and...
Read moreRaise, a Kenyan fundraising platform, has received funding from American company Carta
Raise, an end-to-end fundraising platform based in Kenya, has received an undisclosed quantity of funding from Carta, a San Francisco...
Read moreNovFeed, a biotech startup in Tanzania, wins $1 million
The "Milken-Motsepe Prize in Agritech" has named Tanzanian biotech startup NovFeed as its first-place winner. The startup won a $1 million reward...
Read moreGoodwell Investments and Oxfam Novib have launched a $22 million fund to help East African SMEs
A new EUR20 million (US$22 million) fund has been announced by Goodwell Investments and Oxfam Novib to invest in early-stage...
Read moreFactor[e] Ventures, a Kenyan VC firm, has launched a new venture studio Delta40
FactorVentures, a Kenyan venture capital firm, has launched Delta40, a new venture studio that will develop and invest in technology...
Read morePayday, a Rwandan neobank startup, receives $3 million in a seed round
Payday, a prominent pan-African neobank with headquarters in Rwanda that provides global accounts to Africans, has announced a US$3 million...
Read moreThe European Union has given $378 million to Kenya to facilitate the implementation of electric bus rapid transit (e-BRT)
The European Union has given Kenya Ksh 50 billion ($378 million) to help with the electrification of the nation's public...
Read moreWorkpay, a Kenyan HR-payroll firm, raises $2.7 million in pre-Series A funding
Workpay, a Kenyan HR payroll startup, received $2.7 million in pre-Series A funding to expand its services across Africa. Launch...
Read moreJumba, a Kenyan startup for procuring building supplies, receives $4.5 million in seed funding
Jumba, a Kenyan marketplace for construction materials, has completed a $4.5 million seed funding round. The seed funding comes a year...
Read moreRwanda is the latest African nation to ban its banks from processing cryptocurrency transactions
The National Bank of Rwanda (NBR) has ordered all of the country's banks to cease "all crypto-related activity until a...
Read moreThe Big 5
