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News - East Africa
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M-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 moreEthiopia plans to sell 45% of its state-owned telecom company Ethio-Telecom
The Ethiopian government has been planning to sell off 40% of its holdings in Ethio-Telecom, a state-owned telecom company, since...
Read moreBuuPass, a B2B2C platform for managing buses in Kenya, has secured $1.3 million in pre-seed funding
BuuPass a B2B2C full-stack marketplace has raised $1.3 million in pre-seed funding to enable operators with a bus management system (BMS)...
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