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  • person holding s credit card
    Fintech

    Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

    • Tage Kene-Okafor
    Feb 20, 2024
  • Roam has raised $24M debt-equity
    Venture

    Roam raises $24M to scale electric vehicle production in Kenya

    • Annie Njanja
    Feb 14, 2024
  • Ilara Health founders
    Startups

    Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services

    • Annie Njanja
    Feb 12, 2024
  • Money flying off stack of bills in man's hand
    Featured

    Africa-focused funds find their feet amid a downturn

    • Annie Njanja
    Feb 9, 2024
  • The Google Cloud logo on tan background
    Enterprise

    Google’s first Africa cloud region now operational

    • Annie Njanja
    Jan 31, 2024
  • render of digital bank logos on smartphones
    Featured

    Despite glimmers of profit, most African neobanks remain in the red

    • Tage Kene-Okafor
    Jan 31, 2024
  • Dollar bills fading away on a black background.
    Featured

    How African startups raised funding in 2023

    • Annie Njanja
    • Tage Kene-Okafor
    Jan 23, 2024
  • Kenyan agtech Shamba Pride raises $3.7M pre-series A funding
    Venture

    Kenyan agtech Shamba Pride raises $3.7M to grow its merchant network

    • Annie Njanja
    Jan 21, 2024
  • Dream VC’s fellows are directly plugged into the management of Africa-focused investment firms with over $6.6 billion in assets under management
    Featured

    Homegrown African VCs emerge to fill in the gaps foreign investors cannot

    • Annie Njanja
    Jan 17, 2024
  • Hand holding smartphone displaying Kuda logo
    Fintech

    African neobank Kuda tried to raise $20M at flat valuation in 2023, missed user milestone projection by 3M

    • Tage Kene-Okafor
    Jan 16, 2024
  • render of businessman and businesswoman connect lightbulb with money dollar sign.
    Venture

    Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups

    • Annie Njanja
    Jan 9, 2024
  • Cleva founders
    Fintech

    YC-backed African fintech Cleva, founded by Stripe and AWS alums, raises $1.5M pre-seed

    • Tage Kene-Okafor
    Jan 8, 2024
  • outstretched hand holding "mixed bag"
    Featured

    Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag

    • Annie Njanja
    • Tage Kene-Okafor
    Jan 5, 2024
  • Commerce

    Two of Africa’s largest B2B e-commerce platforms, MaxAB and Wasoko, in merger talks

    • Tage Kene-Okafor
    • Annie Njanja
    Dec 22, 2023
  • Cloudline
    Hardware

    Backed by Schmidt Futures, Cloudline raises $6M to take aerial autonomy green and mainstream

    • Tage Kene-Okafor
    Dec 21, 2023
  • Re-commerce marketplace Soum gets $18M backing to scale in MENA
    Commerce

    Re-commerce marketplace Soum gets $18M backing to scale in MENA

    • Annie Njanja
    Dec 20, 2023
  • A Jumia Food rider
    Commerce

    Jumia quit food delivery because of deep-pocketed ‘aggressive’ rivals, CEO says

    • Tage Kene-Okafor
    Dec 18, 2023
  • Jumia delivery motor bikes
    Commerce

    Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods business

    • Tage Kene-Okafor
    Dec 14, 2023
  • Startups

    Kenyan insurtech Lami’s bid to acquire Bluewave collapses

    • Annie Njanja
    Dec 7, 2023
  • Bujeti founders at Y Combinator
    Fintech

    YC-backed fintech Bujeti raises $2M for its corporate cards and spend management platform

    • Tage Kene-Okafor
    Dec 7, 2023
  • Omniful emerges from stealth with $5.85M seed to equip merchants and third-party logistics providers with tools to scale e-commerce
    Startups

    Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M

    • Annie Njanja
    Dec 5, 2023
  • Mtor
    Startups

    Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace

    • Tage Kene-Okafor
    Dec 4, 2023
  • A map of part of Elgeyo Marakwet County in Kenya, showcasing the vegetation health of maize farms. The color coding ranges from brown to green, with green indicating the healthiest vegetation, brown the least healthy, and yellow as intermediate. Amini raises $4 million seed funding.
    Climate

    Salesforce Ventures and Female Founders Fund back Kenyan climate-tech Amini in $4M seed round

    • Annie Njanja
    Nov 30, 2023
  • Saviu Ventures second fund targets €30 million to €50 million
    Venture

    Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

    • Annie Njanja
    Nov 24, 2023
  • Moni Alli, FrontEdge founder
    Fintech

    FrontEdge raises $10M in debt, equity from TLG, Flexport to facilitate trade for African exporters

    • Tage Kene-Okafor
    Nov 22, 2023
  • Waspito team photo
    Biotech & Health

    Cameroonian healthtech Waspito gets $2.5M seed extension to scale, tap offline patients

    • Annie Njanja
    Nov 22, 2023
  • Online grocery startup Pricepally workers hoist basket of onions
    Startups

    Online grocery startup Pricepally to expand in Nigeria backed by $1.3M funding

    • Annie Njanja
    Nov 17, 2023
  • Fintech

    Paystack reduces operations outside of Africa, affecting 33 employees in Europe and Dubai

    • Tage Kene-Okafor
    Nov 16, 2023
  • inDrive logo on smartphone screen
    Startups

    InDrive launches ventures and M&A arm to invest $100M in startups across emerging markets

    • Tage Kene-Okafor
    • Rebecca Bellan
    Nov 16, 2023
  • Jumia warehouse
    Commerce

    Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO

    • Tage Kene-Okafor
    Nov 15, 2023
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