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 [...]Africa Startup Funding Could Fall by Half in 2020
As Q1 data settles in, one thing is clear, 2020 will see a decline in new investments in almost all sectors of the economy. According to Quartz Africa, the funding [...]Nigeria's eHealth Startup, Helium Health, Raises $10 Million Series A Funding
Nigeria's health startup, Helium Health, has raised $10 million (KSh1 Billion) in its series A round of funding. Investors who took part in the round of funding include Global Ventures, [...]East Africa Fruits Raises $2.05 Million Series A Funding
Tanzania's East Africa Fruits Company which provides fresh produce distribution services has raised $2.05 million (KSh218 Mn) in its round of Series A equity funding. The company's goal is to [...]Okra Raises $1 Million Pre-Seed Funding
Nigeria's open banking fintech startup, Okra, has raised a total of $1 million in its pre-seed round of funding. Investors who took part in the funding areTLcom Capital, a Lagos, [...]African startups raise $350 Million in Q1, 2020
Venture funding in the first quarter of the year for African startups reached $350 million according to data from Briter Bridges, a tech ecosystem data consultancy. South Africa, Nigeria, Kenya [...]
Women-Focused Fund Secures $75 Million Investment
Fund for Women-Led African Enterprises, Alitheia IDF, has secured $75 million (KSh8 Bn) funding to invest in female-led businesses. With the funding, the firm is looking to invest in about [...]COVID-19 Support Available for Businesses in Kenya
As COVID-19 continues to disrupt and sometimes even bring numerous business to a standstill across the country, many organisations are offering support especially to small businesses to help them survive [...]
