Young Innovators Pitch Clean Energy Solutions at Renewable Energy Challenge
Twenty-four young innovators, aged between 20-25 years, pitched their sustainability ideas and projects at the Renewable Energy Innovation Challenge Demo Day at the University of Nairobi on 28 March. Both [...]
State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]Acasia Ventures Leads 6-Figure Funding Round for Egypt’s Pharmacy Marts
Pharmacy Marts, an Egyptian retail startup for pharmaceutical products, has attained $2 million in total funding raised since its establishment after Acasia Ventures invested an undisclosed sum of money. The [...]Kenyan Commerce Startup Tappi Enters the Ivory Coast MSME Scene
Digital commerce startup, Tappi, has partnered with MTN as part of its strategy to make inroads into the Ivory Coast market. With Côte d'Ivoire boasting a robust GDP growth rate [...]Autopax and Kofa Sign Deal to Expand Electric Mobility
Kenyan carmaker Autopax, and Ghanaian battery company Kofa have signed a deal to set up an electric motorcycle assembly and distribution plant. This partnership not only represents a significant leap [...]Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]High-Performance Shoemaker Enda Athletic Acquired by NVH Studios
Enda, Kenya’s first high-performance shoemaker, has been acquired NVH Studios, a global fashion and lifestyle holding company, for an undisclosed amount. The acquisition opens doors to exciting possibilities, the company [...]
SafeBoda Makes a Comeback in Kenya
Ugandan mobility startup SafeBoda will resume operations in Kenya on February 5 2024 pausing operations in the country since November 27th 2020. Despite making significant strides in the market, the [...]
Incentro Africa Drops Demand, Renegotiates Google Cloud Services with Twiga Foods
Incentro Africa has agreed to withdraw a demand filed late last year against Twiga Foods over Google Cloud Service dispute. “In light of the settlement arrived between Twiga Foods and [...]Safaricom's Spark Accelerator Opens Doors for Tech Startups
Safaricom, M-PESA Africa, and Sumitomo Corporation have invited early stage tech startups to join the Spark Accelerator program, which aims at accelerating early-stage startups to grow and scale their businesses. “ [...]Pezesha Files Liquidation Petition Against Marketforce
Kenyan fintech firm Pezesha Africa Limited has filed a petition for the liquidation of Marketforce Technologies Limited, a B2B e-commerce platform, citing unpaid debts. According to the court documents, the [...]Former Citibank MD Joyce-Ann Wainaina Secures $9 Million Commitment from Mastercard for Chui Ventures
Chui Ventures, a Pan-African Seed fund led by Managing Partner Joyce-Ann Wainaina, has secured a $9 million commitment from the Mastercard Foundation Africa Growth Fund. In a statement, Mastercard said [...]
