BFREE Raises Capital to Expand Distressed Loan Purchases Across Africa
BFREE, a Nigeria-based buyer of non-performing retail and small-business loans, has raised undisclosed growth equity funding aimed at scaling its acquisition of distressed credit portfolios
Ethiopian EV Maker Dodai Raises US$13Mn in Series A Funding
Dodai, an electric mobility startup operating in Addis Ababa, has raised US$13 million in a Series A round split between US$8 million in equity and US$5 million in debtKenyan Agritech SokoFresh Lands KSh 65Mn Concessional Loan
SokoFresh will expand storage network across Kenya’s horticultural and staple crop value chains, with projections of reaching roughly 5,000 smallholder farmers annually.Operational Weaknesses are Undermining Kenya's Startups - PwC
The audit firm points to a familiar pattern of startups scaling quickly on the back of venture funding but failing to build the operational foundations needed to survive once capital contracts.Nairobi’s ‘Nova Garage’ Aims to Bridge Africa-Europe Capital Divide
In a surprising shift in regional tech dominance, the Democratic Republic of Congo (DRC) led the application pool with approximately 90 to 96 entries, surpassing Kenya’s 60 to 70 applications.Two Kenyan Startups Earn Spot on Global Impact List
Two Kenyan startups, Bena Care and Chemolex, have been named among the ‘2026 Change 100’ – a global list recognizing high-impact ventures addressing pressing social and environmental challenges.Afreximbank Unveils Eight Digital Trade Startups in Inaugural Accelerator Cohort
The African Export-Import Bank (Afreximbank) has launched the inaugural cohort of its “Afreximbank Accelerator Programme,” with eight startups.
Nigerian Startup Prembly Unveils Shared Fraud Database for African Fintechs
Nigeria-based identity verification startup, Prembly, has launched an open fraud-intelligence database aimed at helping banks, fintechs and online platforms detect scams earlierZeno Lands US$25mn to Expand Battery-Swap Network in Kenya, Uganda
Electric mobility startup, Zeno, has raised US$25 million in Series A financing to accelerate production of its battery-swap electric motorbikes and expand charging infrastructure across East Africa.Tech Startup Intron Launches New Voice AI Service that Supports 57 African Languages
Intron, a specialised technology company, has launched the newest version of its flagship AI voice model, “Sahara v2”, which can now understand over 500 distinct African accents, covering up to 57 languagesAfDB to Invest €6.5 million in West and Central African Tech Startups
AfDB is set to invest 6.5 million euros in the Saviu II fund for onward transmission into tech startups in their seed and first institutional fundraising phases.The Velex Advisory Tax Compliance Program for Kenyan Startups
Velex Advisory, a business advisory firm with over 10 years of experience supporting growing companies, has developed a Tax Compliance Program for Kenyan Startups.
