Andela Closes All Offices in Africa
Software Company Andela is reportedly closing all its offices on the continent and selling its equipment to select staff. This news comes a month after the company fired 135 employees [...]
Chipper Cash Secures $13.8 Million Funding
African cross-border Fintech startup Chipper Cash has closed a $13.8 Million (KSh 1.5 Billion) funding led by Deciens Capital. The company plans to hire 30 new staff globally. The raise [...]
Nigerian Central Bank to Launch a Regulatory Sandbox
The Central Bank of Nigeria (CBN) is finalizing the frameworks to create a regulatory sandbox as part of its initiative to boost the adoption of financial services. Nigeria embarked on [...]Tech firm Debuts End-to-End Fundraising Platform For African Startups
Kenyan Startup Raise Impact Technologies Raise has launched the beta program of its end-to-end platform. The startup recently released its beta program to the public. Raise helps Africa startups through [...]African Startup Ecosystem Falls in 2020 Global Rankings
African cities and countries rank lower in the 2020 global startup ecosystems' list byStartup Blink. The global ranking of regional giants like Kenya, Nigeria, and South Africa as preferred startup [...]Uganda's Eversend Raises $739k in Crowdfunding Campaign
Eversend recently raised $739k for 9.05% equity is a recent crowdfunding campaign, recording 120% of its target. The startup aimed for $613k in return for 7.67% equity, looking to target [...]Ghana’s mPharma Raises $17 Million in Venture Capital
Ghana's healthcare startup, mPharma, has raised a total of $17 million in its latest round of funding. The company has also appointed Helena Foulkes, former president of CVS, the largest [...]Kenyan eHealth Startup Access Afya Raises Ksh9.5M from MIT Solve
Kenyan e-health start-up Access Afya has raised $90,000 (Ksh9.54 million) from MIT Solve as part of a $900,000 (Ksh94.5 million) bridge financing round. Access Afya is an affordable health care [...]
SWVL Gets NTSA Approval to Resume Operations
The National Transport and Safety Authority (NTSA) has approved SWVL's operations in Kenya after an extended legal tussle. The NTSA now has no objections to SWVL's activities, after disagreements over the [...]Kenya's Apollo Agriculture Raises $6 Million Investment
Nairobi-based agri-tech startup, Apollo Agriculture, has raised a total of $6 million (KSh 642 Mn) in its Series A round of funding. Investors who took part in the funding include [...]Engineers Charles Mwangi and Shen Jackson Quit Cloudkitchens
Senior Engineers Charles Mwangi and Shen Jackson quit their jobs last week, raising questions about whether Cloudkitchens could lose more engineers. The two were part of a team of 50, [...]Novastar Ventures Secures $108 Million in Funding
Pan-African Venture Capital Manager, Novastar Ventures, has closed its second round of funding with a total of $108 million in commitments, bringing its total capital to $200 million. This makes [...]
