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News - East Africa
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Jumba, 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)...
Read moreARM Labs Lagos Techstars has selected 12 startups to participate in its $120,000 accelerator program.
The inaugural ARM Labs Lagos Techstars accelerator, which offers access to up to US$120,000 in equity capital and other sorts...
Read moreeWAKA, a Kenyan mobility startup, has received $540,000 in funding
The Swiss Confederation's State Secretariat for Economic Affairs (SECO) has provided strategic funding to eWAKA, a Kenyan startup working to...
Read moreZuri Health Receives Funding from Morocco’s UM6P Ventures
Kenyan healthcare startup Zuri Health has announced that it has received funding from Moroccan VC UM6P Ventures. Founded in 2021,...
Read moreO-Farms has selected ten agri-circularity startups from Kenya to participate in its second accelerator program
O-Farms, a Kenyan agri-circularity accelerator, has selected ten startups for its second edition and will provide up to $24,000 in...
Read moreStarlink, Elon Musk’s internet service company is set to begin operations in Kenya
The satellite internet provider Starlink, founded by Elon Musk, has announced it will begin operations in Kenya in Q2 of 2023. The...
Read moreKwara, a Kenyan fintech startup, has raised $3 million in seed extension round funding
Kwara, a fintech company based in Kenya, has just completed a $3 million seed extension funding. Existing investors DOB Equity and...
Read moreGebeya, an Ethiopian marketplace for talent, has secured pre-Series A funding
Gebeya, based in Ethiopia, is a SaaS-enabled pan-African talent marketplace, and it has just announced a pre-Series A investment from...
Read moreSolarise, a Kenyan energy firm, has secured an additional $3 million in funding
Solarise Africa, a Kenyan energy provider, has received an additional US$3 million from EDFI ElectriFI to help select commercial and...
Read moreThe Big 5
