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 [...]Nigeria’s Genomics Firm, 54gene, Secures $15 Million in Funding
Nigeria's genomics research, services, and development startup, 54gene, has raised $15 million (KSh 1.6 Bn) in its Series A round of funding. Investors who took part in the funding are [...]SoftBank Halts $3 Billion WeWork Deal
Japanese global tech investor, SoftBank Group, has pulled out of a $3 billion deal to buy WeWork shares it entered into last year. In a statement, SoftBank pointed out that [...]Startups in France Get $4.3 Billion Cash Injection
The government of France has announced plans to release a $4.3 billion cash injection for its startups, a move that seeks to help them survive the COVID-19 pandemic. According to [...]Bolt To Provide Financing to Drivers in Africa
On his first visit to Kenya, Kenyan Wallstreet met up with Bolt CEO and Co-Founder, Markus Villig, to talk about Bolt's strategic shift across key markets in Africa and Europe. [...]
Microsoft Launches Social Entrepreneurship Program
Microsoft, via its Microsoft for Start-ups initiative, has launched a Global Social Entrepreneurship program during the recently concludedSankalp Africa Summit 2020. The program seeks to build and scale underrepresented founders [...]Kenyan HR and Payroll Startup joins Y Combinator
Kenyan cloud-based HR and payroll startup WorkPay has been accepted into the latest cohort at American seed accelerator Y Combinator (YC) and with it secured $150,000 in seed funding. The [...]South African Fintech, Jumo, Raises $55 Million Funding Led by Goldman Sachs
South African fintech startup, Jumo, has raised $55 million in debt and equity funding, from a round of investors led by Goldman Sachs,Odey Asset Management and LeapFrog Investments. According to [...]Why Founders are your Biggest Risk, and Probably your Only Hope
It’s the eternal scale-up dilemma: What do we do about founders who fail to scale? Founders launch the innovative, game-changing businesses we need to make a dent in the existential [...]Sokowatch Raises $14 Million in Series A Funding
Kenya's e-commerce platform, Sokowatch, has raised $14 million in its series A funding. Investors who took part in the funding are Quona Capital, Amplo, Breyer Capital, Vertex Ventures, Timon Capital [...]Kenyan AgriTech Startups Secure KSh85.6 Million in Funding
Three Kenyan agri-tech startups, Juhudi Kilimo, WeFarm, and Illuminum Greenhouses, have received a total of KSh85.6 million ($856,000) in funding. The startups received the funding from UK’s innovation agency, Innovate [...]
