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 [...]Kenyan Startups Beat Rest of Africa to Raise US$638 mn in 2024
For the second year in a row, startups in Kenya received the bulk of funding in 2024, 88 percent of the total raised in East Africa and more than a [...]Key Highlights in Kenya’s Startup Scene in 2024
2024 has been a year of ups and downs for Kenyan startups as entrepreneurs and enterprises try to balance an uncertain economic and political environment at home, and the continuing [...]How Startups Can Position for Success During the African Tech Ecosystem's Funding Winter
The global funding slowdown has particularly hit African startups hard, with venture funding seeing almost a 40% year-on-year decline when comparing 2023 and 2024, according to Africa: The Big Deal. [...]
Over 80% of African Startup Founders Face Mental Health Issues Flourish Ventures Survey
86% of founders report that building their startups has taken a toll on their mental health, a survey by early-stage venture capital firm Flourish Ventures has found. “Prioritising founder wellbeing [...]Call for Applications: DeveloPPP Ventures Cohort 8 – EUR 100K Non-dilutive Funding and Technical Support for Innovative Start-ups in Kenya to Catalyse Matching Investments
Nairobi, Kenya November 18, 2024 – DEG Impulse gGmbH, is excited to open the call for applications to the develoPPP Ventures programme in Kenya, inviting startups to apply for [...]Nigerian Fintech Moniepoint Raises US$110mn in Series C Round
Nigerian neobank Moniepoint has secured US$110 million in equity financing to expand its integrated financial platform and overall growth across its continental markets. “The proceeds from this raise will speed [...]BasiGo Raises US$38mn to Drive Expansion
Electric bus startup, BasiGo, has secured a US$17.5 million loan and US$24 million in equity funding from various investors to deploy over 1,000 electric buses across East Africa in the [...]
