Egyptian Payments Company, Zeal, Secures $4M Funding
January 20, 2024
Egyptian payments company, Zeal, has successfully secured $4 million in funding through a round led by RAED Ventures and Cur8 Capital, alongside strategic angel investors. This funding marks a pivotal moment for the startup, as…
4 Kenyan Ventures Among the 10 Companies to Showcase their Solutions at the Africa Tech Summit Nairobi 2024
January 18, 2024
The Africa Tech Summit Nairobi is set to showcase Kenya’s tech ecosystem, featuring four Kenyan ventures that are set to captivate a diverse audience of industry experts, investors, and fellow innovators at the upcoming Africa…
Zandaux Launches B2B E-commerce Platform in Kenya
January 17, 2024
Zandaux, a B2B e-commerce platform that connects sellers and buyers across Africa, officially launched its operations in Kenya yesterday. The company has been operational in Kenya for about a year but the official launch was…
South Africa's Parcel Shipping Platform, TUNL, Raises $1 Million in Pre-Seed Funding
December 16, 2023
TUNL has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The funding will be used to accelerate the company’s growth in its beachhead market of…
Techstars Announces 12 new investments through ARM Labs
December 15, 2023
Techstars has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs. Following a successful inaugural program, the ARM Labs Lagos Techstars Accelerator will build…
Mergers and Acquisitions: A survival toolkit for African startups
December 14, 2023
By Kaivan Sattar, CEO and founder, Asaak In June 2023, my company Asaak did something unusual for an African tech startup: we acquired another company on another continent. More specifically, we acquired the operations of…
Jumia Food to Cease Operations This Month Due to Low Sales
December 14, 2023
Jumia Food, the food delivery arm of the e-commerce giant Jumia, is set to cease operations this month. For years, Jumia Food has competed with companies such as Glovo, Uber Eats, and Bolt Food. These…
tappi Raises $1.5M in Pre-Seed Funding
December 9, 2023
tappi has raised $1.5M in an oversubscribed Pre-Seed round led by Mercy Corps Ventures and Chui Ventures. With participation from Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups and Reflect Ventures, the investment also saw contributions from angel investors and advisors from global tech…
Endeavor Kenya Unveils Scale-Up Program Empowering High-Growth Founders
November 27, 2023
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched its inaugural cohort-based initiative for high-growth founders, the ScaleUp Program. The program will identify ten high-growth ventures based in East Africa and support them…