Lipa Later Shuts Down
Lipa Later, a fintech that offers consumer credit and e-commerce solutions for merchants, has been placed under administration two years after it acquired struggling e-commerce platform Sky.Garden for US$1.6 million. This capital [...]
Alibaba Partners with Nigerian Logistics Firm Kwik, to Offer Special Rates
Ecommerce giant Alibaba has partnered with Nigerian digital platform for logistics services Kwik to support Nigerian exporters with access and special rates. “We are excited to partner with Kwik by [...]
New Program to Unlock Capital and Market Entry for African Founders
Chanzo Capital, a venture and growth capital firm, has launched a program to help African entrepreneurs access finance and scale their businesses across the continent. Startup investing is about helping [...]
Marketforce Ordered to Pay Staff KSh 2.1 mn after Redundancy
Collapsed startup Marketforce Technologies has been ordered to pay one of its former product managers over KSh 2 million for not following procedure in declaring him redundant. “There was also [...]Former Employee Withdraws Case Against iProcure Amid Insolvency Dispute
An ex-employee of iProcure Limited has withdrawn a lawsuit against the Kenyan agricultural supply chain startup—currently under administration due to financial difficulties. However, Muthusi opposed the request by asserting that [...]Kenyan Startup, Leta, Raises US$5 Million to Tackle Africa’s Costly Logistics
Kenyan logistics technology startup—Leta—has secured US$5 million in seed funding to expand its platform aimed at reducing supply chain costs across Africa, a continent where businesses pay up to four [...]Equator VC Raises US$55mn to Finance African Climate Tech Startups
Venture capital firm—Equator—has closed a US$55 million fund aimed at financing early-stage climate tech startups in Africa, a sector that has long struggled to attract private capital. “We are needed [...]Kenyan Smartphone Refurbishing Startup Badili Secures US$0.4mn French Investment
Badili, a Kenya-based smartphone refurbishment startup, has secured a US$400,000 debt facility from French development finance institution Proparco, marking a significant step in its expansion efforts across Africa. “Getting validation [...]US Aid Freeze, Pandemic Expose Vulnerability, Opportunities, in Africa's Healthcare Systems- VC Founder
The Covid-19 pandemic and the recent freeze on US aid have exposed the vulnerability of Africa’s healthcare systems but also created the momentum for locally made healthcare solutions, an early [...]Where Venture Capitalists Invested in Africa Last Year
Venture capitalists invested more than US$1billion in fintechs building solutions to cross-border payment barriers, continuing the sector's run as the lead destination of investments in Africa's startup ecosystem. Fintechs dealing [...]55 Finalists Announced for the Inaugural Africa Tech Summit Awards 2025
Nairobi, Kenya – January 29th, 2025–The Africa Tech Summit Awards has announced the 2025 finalists, celebrating individuals and companiesimpactingthe technology sector across the continent. The winners will be revealed at [...]
Bill Seeks to Compel Startups to Allocate 15% of Expenses on Research
Startups which have been in existence for more than 3 years risk being locked out from registration as a startup and admission into incubation programmes if they do not meet [...]
