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 [...]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 [...]
