African Tech Startups Raise More than $1 Billion in First 2 Months of 2022
African tech startups raised more than $1 billion in the first two months of 2022, more than half the amount raised in the entirety of 2021. As of 1st March [...]
Ethiopian Airlines Signs MoU for 5 New Boeing 777-8 Freighters
Ethiopian Airlines signed a memorandum of understanding (MoU) to purchase five of Boeing newest air-cargo haulers, the 777-8 freighter. This is the industry's newest, most capable and most fuel-efficient twin-engine [...]Branch International picks Kenya As its Pan-African Digital Bank launchpad
Branch International, a global digital financial solutions provider has outlined plans to roll out a true Pan-African digital bank with Kenya as its launch pad. Branch International, best known for [...]
Fuel Prices Rise in Tanzania Despite Govt scrapping Tsh 100 off levies
Fuel prices in Tanzania have risen despite the government intervention by scraping off TSh 100 of levies. On Tuesday, Energy and Water Utilities Regulatory Authority (Ewura) said that from March [...]
South Africa's VALR Raises $50 Million in Series B Funding
South African cryptocurrency exchange, VALR has raised $50 million in its Series B funding round, raising the company's valuation to $240 million, more than 10 times its valuation in July [...]MKOPA Secures $75 Million in its Growth Equity Round
M-KOPA Solar, the world’s leading pay-as-you-go energy provider to off-grid homes, and which also offers underbanked customers finance to acquire smartphones, solar lighting, TVs and domestic appliances, has raised $75 [...]IATA Projects Air Passenger Numbers to Hit 4 Billion in 2024
The International Air Transport Association (IATA) projects overall air passenger numbers to hit 4 billion in 2024, exceeding pre-COVID-19 levels (103% of the 2019 total). Although overall traveler numbers in 2021 [...]Smile Identity Launches Enhanced Document Verification in Africa, Europe and North America
From lending to remittances, digital banking to cryptocurrency trading, African businesses and platforms have experienced a surge in demand on the continent and from the diaspora alike, reinforcing the need [...]
Kenya Ethiopia $1.3 Billion Cheaper Electricity Deal Back on Track
Kenya and Ethiopia have reached a new agreement to gear up further the purchase of cheap hydropower from Addis Ababa. The hydropower project is worth an estimated $1.3 billion that [...]CBK Grants Cellulant a Payment Service Authorization
The Central Bank of Kenya has granted Cellulant a Payment Service Provider Authorization, enabling the fintech company to expand its payments offering for businesses, banks, and consumers. The authorization permits [...]Nigeria Begins 24hr Fuel Supply to end Shortage
Nigeria’s state-run oil company said it had started a 24-hour distribution of petrol to service stations to end a week-long scarcity that has caused traffic snarls in major cities. The [...]Flutterwave Raises $250 Million in Series D Funding
Flutterwave has raised $250 million in its Series D funding, increasing its valuation to over $3 billion. It now becomes the highest valued African start-up. Investors who took part in this [...]
