Investors Demand an Audit of Thepeer Weeks after Abrupt Closure
Some shareholders in the collapsed Nigerian API startup, Thepeer, have mentioned that they will take legal action against the founders if a clear audit of the company's finances is not [...]
African Tech Ventures Invited to Apply for the Investment Showcase at the 8th Africa Tech Summit London
Africa Tech Summit (ATS) London, the leading tech conference that drives business and investment opportunities across the continent, will host its eighth edition on June 7th, 2024, at the London Stock [...]
SafeBoda Introduces Electric Bikes
Ugandan ride-hailing app, SafeBoda, has introduced Electric Boda' option in its menu. The new service will be charged within the normal rates, to motivate customers who are conscious of green [...]Kenyan Agro-Insurance Startup, Pula Raises US$ 20 Million in Series B Round
Pula, a Kenyan startup that offers insurance to small-scale farmers, aims to serve more than 100 million farmers in Africa after raising US$ 20 million in its Series B round. [...]Verod-Kepple Ventures Raises US$60 Million
African startups transitioning from Series A to Series B funding rounds will have an opportunity to attract investment this year after VC-firm Verod-Kepple Africa Ventures (VKAV) closed its first fund [...]InfraCo Africa Invests US$ 12 Million in SunCulture's Series B Round
Kenyan Climate-tech startup, SunCulture, has raised US$ 12 million after InfraCo Africa allocated an equity investment that would enable the expansion of Internet-of-Things solar-powered irrigation to small-scale farmers across Africa. [...]Female Startup Founders Scoop US$ 400,000 Grants at FINCA Ventures Awards
Finca Ventures has scaled up its investment commitment in Africa after awarding grants to several startups that competed in its inaugural competition held on Mar 28 2024. We made the [...]Huawei Cloud Pledges US$ 10 Million to Support Nigerian Startups
Huawei Cloud has launched a two-year initiative that will see the company allocate US$ 10 million for middle and early-stage startups in Nigeria, hoping to create its ecosystem of innovators. [...]DFC Approves a $500,000 Technical Assistance Grant to Pezesha
Kenyan digital lending platform, Pezesha, will improve its credit scoring technology after the sub-board of the Development and Finance Corporation approved a $500,000 technical assistance grant in the second quarter [...]Roam Partners with Mogo to Scale up Marketability of Electric Motorcycles
Mogo, a Kenyan asset finance company, has partnered with EV-developer startup Roam to boost the adoption of electric motorbikes in the country. We are thrilled to partner with Mogo to [...]Young Innovators Pitch Clean Energy Solutions at Renewable Energy Challenge
Twenty-four young innovators, aged between 20-25 years, pitched their sustainability ideas and projects at the Renewable Energy Innovation Challenge Demo Day at the University of Nairobi on 28 March. Both [...]State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]
