Zanzibar Develops Blockchain Sandbox to Support Tech Startups
The government of Zanzibar has created a blockchain sandbox program where innovative startups can experiment before upscaling. “The primary objective is to create a conducive environment for the development of [...]
Yellow Card raises US$33mn in Series C round to fuel expansion
Yellow Card, an African Cryptocurrency startup, has closed its Series C round after raising US$33 million from different investors led by Blockchain Capital. “This fundraise not only demonstrates our resilience, [...]Demand for Startups' Reports by Investors Grows by 20% Amidst Cash Crunch
A survey done on investors and startup founders by Wimbart reveals that in 2024, 88.9% of investors determine the quality of African startups by the depth and regularity of their [...]What Happens When a Startup Collapses?
Startups are precarious enterprises because they rely on equity funds and debts sourced from hawk-eyed investors. While many ideas are brilliant, implementing them remains a pipe dream. Either because they [...]Africa's Top Investors on Raising Capital in 2024 and Beyond- 54 Collective's African Pre-Seed Podcast
During the African Pre-Seed Live podcast convened by Pan-African VC 54 Collective sector stakeholders sought to define the new model that both investors and innovators should employ in their perception [...]Estonia's Latitude59 Pitch Competition Invites the Boldest African Startups to Participate
Latitude59 Kenya Edition 2024 will take place on November 28 in Nairobi, Kenya. This will be the second satellite event organized by Latitude59 in Nairobi. Last year’s event, held in December, attracted [...]
Zeno, Founded by ex-Tesla Employee, Raises US$9.5mn for East Africa's e-mobility sector
The growing e-mobility sector in the region may gain a new entrant early next year after Zeno, a startup created by ex-Tesla employee Michael Spencer, received seed funding worth US$9.5 [...]Global Fintech VertoFX is Simplifying Cross-border Payments to Ease Intra-African Trade
In this interview, The Kenyan Wall Streets Brian Nzomo sits with Kevin Ng'ang'a, VertoFX's Kenya Country Manager on how the fintech is designing solutions for businesses within and outside the [...]Wasoko, MaxAB Finalize Merger Process, Plans to Rebrand
Kenyan e-commerce startup, Wasoko, has completed an all-stock transaction with Egyptian e-commerce firm MaxAB thus paving the way for the much-anticipated merger between the two startups. In line with the [...]Uber Kenya's E-Bike Option Grows in First Year
The electric motorbike option introduced by Uber Kenya one year ago has registered a 94% increase in the number of trips around Nairobi, with the number of e-bikes and riders [...]Investment in African Health Tech Dips by 36% in H1 2024 Report
A healthcare consulting firm, Salient Advisory, has released its semi-annual report highlighting the top 20 innovators in Africa enhancing access of medical services by partnering with 100 manufacturers and 75 [...]Copia iProcure Administrator Plans to Sell Assets of the Defunct Startups
An administrator who had taken charge of two failed startups this year has sought to sell off their assets, which include technological facilities and office furniture possibly to finalize [...]
