Wasoko Expands Operations to Zambia
May 11, 2023
Wasoko has today announced its expansion into Zambia, marking the company’s first location in Southern Africa. The company will invest over $1mn in its first year of operations to support local Zambian businesses and communities…
Kenya’s startup ecosystem is set for growth in 2023 and beyond
May 11, 2023
by Patrick Ndegwa, SEACOM Business Sales Lead for SEACOM East Africa Kenya is a hub for entrepreneurship and startup development in East Africa, with a growing ecosystem of innovative businesses and supportive infrastructure. According to…
Kenyan Startups Among 10 Selected for Qualcomm's Make in Africa Mentorship Program
May 5, 2023
Qualcomm Technologies has announced the shortlisted teams for the inaugural Qualcomm Make in Africa Mentorship Program, with 10 startups selected for a 7-month equity-free mentorship program. These startups are developing innovative products in clean energy,…
Opportunik Global Fund's Aim to Connect African Investors to Global Markets
April 18, 2023
Opportunik Global Fund, a private wealth fund aimed at giving Africans and Diasporans access to global investments, has announced the launch of its licensed fund on May 2, 2023. The fund, administered by Accuvise Administrators…
Payday Secures Ksh 396 Million Seed Round to Power the Future of Work for Africa
March 29, 2023
Payday has announced a $3M seed round led by Moniepoint Inc with participation from HoaQ, DFS Lab’s Stellar Africa Fund, Ingressive Capital Fund II and angel investors, Dare Okoudjou, Founder and CEO of MFS Africa,…
Factor[e] Ventures launches Delta40, a new venture studio to transform the African startup ecosystem
March 23, 2023
Factor[e] Ventures today strengthens its commitment to transform the African start-up ecosystem with the launch of Delta40, a new venture studio that aims to increase incomes and tackle climate change in Africa by building and…
Zumi, an E-commerce Platform, Shuts Down Operations Due to Luck of Funding
March 22, 2023
Ecommerce is a rapidly growing sector in Africa, with projections indicating a positive outlook for the future. However, breaking through and achieving sustainability can be a significant challenge for startups. This is a reality that…
Flat6Labs Launches $95M Venture Capital Fund to Support African Tech Startups
March 14, 2023
Flat6Labs has launched a $95m Seed Fund to nurture early-stage tech startups in Africa. The fund will invest in over 160 early-stage startups over the next five years operating in the technology sector in North,…
Convergence Partners Digital Infrastructure Fund surpasses target with $296 million close
February 1, 2023
Convergence Partners, a leading private equity investor in the technology sector of sub-Saharan Africa, is proud to announce the successful closing of its latest fund, the Convergence Partners Digital Infrastructure Fund (CPDIF), at $296 million….