Sendy Group Put Under Administration
Peter Kahi of PKF has been appointed as an administrator of Sendy Group of Companies. Following the appointment, all the affairs, businesses and properties of the companies are being managed [...]
Google Picks Two Kenyan Startups for Accelerator Program
Two Kenyan startups have been picked for the Google for Startups Growth Academy, AI for Health program. Zuri Health (revolutionizing patient care with an all-inclusive digital toolkit ) and izola [...]IFC Ventures into Africa's Creative Industry with $3.4 Million Investment in ANKA
IFC’s $3.4 million equity investment, announced on Tuesday, into Côte d’Ivoire-based ANKA marks IFC’s first investment into Africa’s creative sector. The funding will allow ANKA, an online sales platform for African [...]
Lipa Later Raises Sh500M in Debt
Kenya’s Lipa Later Group has secured Sh500 million funding in a privately placed debt issuance signifying investors interest in Kenya's lucrative Buy Now Pay Later (BNPL) space. Last month, Safaricom, [...]Kenya's President Ruto Leads Delegation to US for Tech Investment Roadshow
Kenya's President, William Ruto, will this week lead a delegation from Kenya to the United States for the second US-Kenya Business Roadshow. The delegation, which will focus on attracting venture [...]Smith Aegis: Five Years of Innovation, Excellence, and Lionhearted Ambition
In a landscape where innovation reigns supreme, Smith Aegis PLC stands tall as a beacon of creativity and excellence. Founded by the visionary Eric Waibochi, this company epitomizes the spirit [...]
Climate Summit; Catalyst Fund Achieves First Closing of $40 Million Fund and Shifts Focus from Philanthropy to VC
The Catalyst Fund says it has successfully reached its first closing with more than 20% of its targeted $40 million fund with the backing from investors such as FSD Africa, [...]Esther Dyson; My introduction to Africa and Angel Investing
I’m very much looking forward to visiting East London, South Africa, in late November / early December to meet the amazing collection of start-ups and investors that the team at [...]
Twiga Foods Initiates 3rd Round of Layoffs
Twiga Foods, a business-to-business marketplace platform that connects farmers directly with urban retailers, has announced the redundancy of approximately one-third of its permanent workforce, which amounts to 283 out of [...]
In Defense of Local Startups: Let's Give Them A Break
And those who were seen dancing were thought to be insane by those who could not hear the music — philosopher Friedrich Nietzsche It is unlikely that many have heard [...]
KCB in KSh 1 Billion deal with SIDA to support SMEs
Kenya Commercial Bank(KCB) has signed a deal with Swedish International Development Cooperation Agency(SIDA) worth KSh 1 billion to set up a guarantee fund for Small and Medium-sized Enterprises(SMEs). The 7-year [...]Safaricom Shareholders Approve Establishment of Startup Investing Subsidiaries
Safaricom shareholders have approved the creation of two new subsidiaries during the company's 15th Annual General Meeting (AGM). The move is set to invigorate the tech ecosystem by bolstering investments [...]
