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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3784367 | Tags:



[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
Published: 19-12-2023 | 14:47:17 | By: Bob Koigi
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.


STHL East Africa bets on demand for power tools to grow revenues
Published: 29-09-2023 | 13:30:00 | By: Bob Koigi
German power tools manufacturer, STIHL East Africa, has reported a significant increase in revenue in its first year of operation since upgrading its marketing office to a fully-fledged sales subsidiary.


STIHL EA to invest Sh100 million to boost local manufacturing
Published: 16-05-2023 | 08:00:00 | By: Bob Koigi
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.


[Column] Hardeep Sound: Close the tech skills gap to unlock East Africa’s economic growth
Published: 18-04-2023 | 16:06:00 | By: Pie Kamau
Is a lack of tech skills hampering East Africa’s economic growth? The World Bank data suggests that the digital economy contributes more than 15% of total global GDP.


African fintech Flutterwave secures two additional licenses in Rwanda
Published: 15-03-2023 | 11:40:00 | By: Pie Kamau
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.


EG Capital announces anchor closing of its maiden fund to invest in startups across East Africa and Zambia
Published: 19-12-2022 | 09:04:00 | By: Pie Kamau
EG Capital, a growth-oriented private equity impact firm has announced the anchor closing of its first EG-Economic Empowerment Fund LP (EG-EEF), which will invest in medium-sized businesses.


African tech startup SeamlessHR picks Nairobi as its East African Hub
Published: 14-12-2022 | 08:46:00 | By: Pie Kamau
Nigeria’s tech startup SeamlessHR has launched its offices in the Kenyan market, choosing Nairobi as its East African Hub.


Nigerian fintech startup Pivo raises $2m seed round to accelerate growth
Published: 30-11-2022 | 11:45:00 | By: Pie Kamau
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.


Tanzanian CPG startup Ramani raises $32m to digitize supply chains
Published: 24-11-2022 | 09:40:00 | By: Pie Kamau
Ramani, a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains,  has raised $32 million in Series A debt-equity funding to introduce new financial services as it expands its operations.


Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania
Published: 28-10-2022 | 13:32:00 | By: Pie Kamau
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.


Project points East African women livestock holders to cost effective vaccines
Published: 26-10-2022 | 10:45:00 | By: Bob Koigi
To address these barriers faced by women in East Africa, and generate new evidence on how they can better benefit and participate in these systems, SheVax+ – a regional livestock vaccine initiative – was launched in 2019.


Ugandan agritech startup Inputi receives investment to boost inputs distribution
Published: 14-10-2022 | 12:41:00 | By: Pie Kamau
Ugandan agritech startup Inputi announced it received an investment funding to boost inputs distribution across the country.


Ugandan fintech startup Tugende raises $10m pre-Series B funding to increase portfolio growth
Published: 14-10-2022 | 11:35:00 | By: Pie Kamau
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.


German manufacturer The Stihl Group enters Kenyan market
Published: 11-08-2022 | 12:00:00 | By: Bob Koigi
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.


Kenyan-based startup FaidiHR secures funding, eyes expansion
Published: 02-08-2022 | 15:48:00 | By: Bob Koigi
The startup, which offers digital human resource solutions to African companies, said they would use the investment to expand their business in East Africa, eyeing entry into Uganda, Tanzania and DRC.


Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth
Published: 21-06-2022 | 14:16:00 | By: Pie Kamau
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.


Nigerian fintech startup Grey partners with Cellulant for East Africa expansion
Published: 30-05-2022 | 12:18:00 | By: Pie Kamau
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.


Microsoft launches accelerator program for East and West African startups
Published: 11-04-2022 | 12:48:16 | By: Pie Kamau
Microsoft has announced a new partnership with GreenHouse Labs to facilitate the acceleration of African startups that are at the pre-series A stage.


On-demand transport platform Bolt launches 2nd edition of its Women in Tech internship program in Kenya
Published: 30-03-2022 | 10:24:12 | By: Pie Kamau
On-demand transport platform Bolt announced it has rolled out the second edition of its Women in Tech internship program in Kenya.


Uganda is the happiest country in East Africa, Happiness Index
Published: 21-03-2022 | 10:15:00 | By: Bob Koigi
Uganda topped the position as the happiest country in the East African Region while Tanzania dropped further to position 139 compared to position 94 the previous year.


Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
Published: 22-02-2022 | 10:44:00 | By: Pie Kamau
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round.


Kenyan BNPL startup Lipa Later secures $12m funding to expand across Africa
Published: 13-01-2022 | 13:06:00 | By: Pie Kamau
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.


Los Angeles-based healthtech startup Kiira Health raises $4m to transform healthcare for young women
Published: 22-12-2021 | 14:58:00 | By: Pie Kamau
Kiira Health, a Los Angeles-based healthcare technology company, closed a $4 million seed round led by 500 Global and Forum VC.


Luxury Travel Hackers launches equity crowdfunding campaign for its influencer based travel startup
Published: 22-12-2021 | 14:31:46 | By: Pie Kamau
Luxury Travel Hackers (LTH) has launched its regulation crowdfunding raise via popular platform Start Engine.


Israeli SaaS security startup Atmosec raises $6m seed round to secure SaaS ecosystems
Published: 21-12-2021 | 13:29:00 | By: Pie Kamau
Atmosec, the SaaS security venture, announced its official launch out of stealth as well as the completion of a $6 million seed funding round, led by Glilot Capital Partners and Battery Ventures.


Spa and salon marketplace startup Spa Space raises $3m seed funding to accelerate growth
Published: 21-12-2021 | 13:03:00 | By: Pie Kamau
Spa Space announced the closure of a $3 million seed round of funding. The three-sided vertical marketplace for the spa and salon industries solves the therapist shortage with a wide range of on-demand staffing solutions.


Crypto investment startup Stacked raises $35m to build out regulated products for retail crypto investors
Published: 21-12-2021 | 12:46:00 | By: Pie Kamau
Stacked, a crypto-investing software that allows users to manage assets and invest in pre-built portfolios and strategies, announced it has raised $35 million Series A funding round led by Alameda Research.


Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Published: 21-12-2021 | 12:27:00 | By: Pie Kamau
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya announced it has raised $2 million seed investment from Next Chymia Consulting HK Limited.


Next Century Ventures announces inaugural investment in U.S.-based Urban Air Mobility startup ANRA Technologies
Published: 21-12-2021 | 12:08:00 | By: Pie Kamau
Next Century Ventures (NCV), announced it has invested in ANRA Technologies, the forerunner of air traffic control and commercial solutions in the Urban Air Mobility (UAM) industry.


TDK Ventures invests in scalable driverless transportation startup Faction
Published: 20-12-2021 | 15:58:43 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, has invested in scalable driverless transportation startup company, Faction.


Israeli influencer marketing startup Humanz raises $8m to accelerate growth
Published: 20-12-2021 | 15:46:00 | By: Pie Kamau
Humanz, an AI powered influencer marketing platform that connects influencers & content creators with brands, announced it has closed an $8 million seed round led by the Stardom Ventures fund.


Nigeria tech startups raised $1.7billion in 2021, report
Published: 20-12-2021 | 14:38:00 | By: Pie Kamau
Since the beginning of 2021, Africa-based tech startups have raised more than $2.9 billion with Nigerian startups which are creating new products, services, and platforms raising $1.7 billion of this total or about 60% of it, a new report has found.


Nigeria's Ventures Platform closes first $40m pan-African fund
Published: 20-12-2021 | 14:35:00 | By: Pie Kamau
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across Africa.


Kenyan fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Published: 20-12-2021 | 14:12:00 | By: Pie Kamau
Kenya’s fintech startup Tanda announced a new partnership with Twiga Foods that will see Twiga vendors become a one-stop-shop for a variety of digital and financial services offered by Tanda.


Medical device startup ViCentra closes €65m Series C funding to expand footprint of insulin pump across Europe
Published: 16-12-2021 | 12:35:00 | By: Pie Kamau
ViCentra, the company behind Kaleido, world's smallest and lightest wearable insulin pump (patch pump), announced the closing of €65 million Series C financing.


Philanthropi startup raises $4m to power charitable giving legacies of everyday donors
Published: 16-12-2021 | 12:16:00 | By: Pie Kamau
Philanthropi, the company revolutionizing charitable giving by democratizing philanthropy through its "giving-as-a-service" platform, announced it raised $4 million in funding from lead investor Amex Ventures.


Africa-focused edtech startup Edukoya raises $3.5m pre-seed round to accelerate growth
Published: 16-12-2021 | 11:43:00 | By: Pie Kamau
Edukoya, an Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global with strategic participation from angel investors including European and African founders.


IFC, ADGM launch She Wins Arabia initiative to boost opportunities for women-led startups and businesses across MENA
Published: 16-12-2021 | 10:56:00 | By: Pie Kamau
IFC and Abu Dhabi Global Market (ADGM) launched She Wins Arabia, an initiative to help women-led startups across the MENA region, get the advice, finance, and mentorship they need to grow.


Kenyan tech startup Wowzi raises $3.2m seed funding to expand across Africa
Published: 16-12-2021 | 10:36:00 | By: Pie Kamau
Kenyan tech startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa.


Polymer No-Code DLP closes $4m seed round to protect leakage of sensitive customer data
Published: 15-12-2021 | 14:07:00 | By: Pie Kamau
Polymer, the cloud native No-Code Data Loss Prevention (DLP) solution for third party SaaS platforms, today announced the completion of a $4 million Seed round led by Story Ventures.


Munich-based startup ZenML raises $2.7m to advance open source MLOps framework
Published: 15-12-2021 | 13:42:00 | By: Pie Kamau
ZenML, the creator of the extensible open source Machine Learning Operationalization (MLOps) framework for data scientists, announced it has raised $2.7 million in its seed round led by Crane Venture Partners.


Mental healthcare startup UpLift raises $8m funding to integrate psychiatry into its delivery platform
Published: 15-12-2021 | 12:43:00 | By: Pie Kamau
UpLift, the first vertically integrated mental healthcare delivery system, announced its expansion into psychiatry as well as the closing of $8 million in secondary funding.


Canadian electric vehicle startup eLeapPower raises $21m funding to accelerate initial production and global growth
Published: 15-12-2021 | 12:03:00 | By: Pie Kamau
eLeapPower, a technology innovator revolutionizing electric vehicles inside and outside, with its Smart Inverter System, announced it raised $21 million CAD in Series A funding.


FirstEnergy invests in Venture Capital Fund to help advance sustainable energy innovation
Published: 15-12-2021 | 11:48:48 | By: Pie Kamau
As part of its efforts to advance new technologies that will benefit customers and address climate change, FirstEnergy announced an incremental investment in global venture capital firm Energy Impact Partners' (EIP) Fund II.


AUDA-NEPAD, JICA, Afreximbank & BCG partner to support 5 East African healthcare startups
Published: 10-12-2021 | 10:02:08 | By: Bob Koigi
The 5 healthcare startups were feted for their completion of the Home Grown Solutions (HGS) Accelerator for Pandemic Resilience.


[Startup Interview] Roman Bysko, CEO, Meredot, Latvia
Published: 09-12-2021 | 07:41:51 | By: Bob Koigi
Meredot is a Latvia-based mobility infrastructure startup that develops electric fueling stations to charge an e-scooter wirelessly and help cities thrive by resolving mobility issues and maximizing the benefits of micro-mobility. The startup’s Co-founder and CEO elaborates.


U.S. housing technology startup Jupe raises $9.5m seed round to build pop-up shelter system
Published: 08-12-2021 | 14:23:00 | By: Pie Kamau
Housing technology startup Jupe announced $9.5 million in seed funding led by Initialized Capital with participation from Y Combinator. The money will be used to hire a CTO and a wider team of software and hard tech engineers.


Binance Labs leads $1.5m seed round for BBS Network
Published: 08-12-2021 | 14:21:00 | By: Pie Kamau
Binance Labs, the venture capital and incubation arm of Binance, led the $1.5 million seed round for Bulletin Board System (BBS) Network, a decentralized Web3.0 public network of user-run online message boards.


London-based professional networking startup myGwork secures £1.6m for global expansion
Published: 08-12-2021 | 13:54:00 | By: Pie Kamau
myGwork, the global business LGBTQ+ recruitment and networking platform, has secured £1.6 million in the latest funding round led by 24Haymarket to grow its user base and continue with its international expansion plans.


Subscription Management startup Chargebee opens new office and data center in Australia
Published: 08-12-2021 | 13:23:00 | By: Pie Kamau
Chargebee, the subscription management platform, announced it has opened a dedicated office and data center in Sydney, Australia to support SaaS and subscription businesses and ensure APP compliance.


MENA’s media & entertainment startup Minly acquires Dubai’s celebrity shoutout platform Oulo
Published: 08-12-2021 | 13:10:00 | By: Pie Kamau
Minly, the MENA region’s media & entertainment startup, announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused on the Levant region.


German indoor positioning tech startup NavVis raises €25m funding to digitize commercial buildings and assets
Published: 07-12-2021 | 15:52:00 | By: Pie Kamau
NavVis, a global leader in end-to-end solutions for reality capture and digital twins, announced it received €25 million of fresh equity funding that complements the recent €20 million debt funding from the EIB.


Netherlands emerging as 'Hottest Tech Hub' in Europe, not reaching its full potential yet, report
Published: 07-12-2021 | 15:31:00 | By: Pie Kamau
Atomico, an international investment firm that focuses on helping disruptive technology companies scale globally, announced that the Netherlands is emerging as Europe's hottest tech hub.


U.S. healthtech startup Vim accelerates growth with opening of offices in New York and Tel Aviv
Published: 07-12-2021 | 15:20:00 | By: Pie Kamau
Vim, a technology company building digital infrastructure for U.S. healthcare, opened a new office in Midtown Manhattan and in Nahalat Yitzhak in Tel Aviv, Israel, to accommodate its rapidly growing workforce.


Egyptian fintech startup KlickIt closes first investment round to further develop its platform
Published: 06-12-2021 | 15:27:25 | By: Pie Kamau
Egyptian fees management and digital collection platform, KlickIt, announced the closing of its first investment round to further develop its platform. The round was led by EFG Finance and Camel Ventures, the venture capital arm of dfin Holdings.


Kenyan-based Penda Health partners with femtech e-Commerce startup Kasha to ease contraceptive access for consumers
Published: 06-12-2021 | 15:16:00 | By: Pie Kamau
Healthcare solution provider Penda Health announced a partnership with Rwandan femtech e-Commerce startup Kasha, to enable increase access to contraceptive products via the Kasha digital platform.


Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
Published: 06-12-2021 | 14:51:00 | By: Pie Kamau
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.


Canadian bike-tech startup MyVeloFit secures seed funding to scale up its operations, expand service offering
Published: 01-12-2021 | 14:41:00 | By: Pie Kamau
Canadian bike-tech startup MyVeloFit secured seed funding with Shopify's former Chief Technology Officer Cody Fauser leading the investment.


TDK Ventures backs innovative nanomaterials coating technology startup, actnano
Published: 01-12-2021 | 14:23:00 | By: Pie Kamau
TDK Ventures has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its water and environmental-resistant smart coating solutions.


South Korean AI optimization startup Nota raises $14.7m series B to expand its global business
Published: 01-12-2021 | 14:05:00 | By: Pie Kamau
Nota, an AI optimization platform startup, acquired series B funding amounting to $14.7 million that is announcing. The series B funding was finalized last month, a year after the series A funding of $6.7 million.


Danish healthtech startup Dawn Health raises $25m investment to revolutionize digitalization of global life science industry
Published: 01-12-2021 | 13:39:00 | By: Pie Kamau
Dawn Health, a global leader in digital health, received $25 million investment from a consortium of highly experienced investors.


Tōquidity secures seed round investment from Global Blockchain Ventures Fund
Published: 01-12-2021 | 13:16:00 | By: Pie Kamau
Tōquidity, a Tokenization as a Service company that unlocks liquidity for business and asset owners through digitization, announced Global Blockchain Ventures Fund, LP (GBV) has filled Tōquidity's seed round of funding.


Kenyan fintech startup Asilimia raises $2 million funding to expand into new markets
Published: 24-11-2021 | 12:07:31 | By: Bob Koigi
The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn founder, Fredrik Jung Abbou (co-founder of Kry and Lendo), Norrsken Impact Accelerator and other prominent founders from across Europe.


Toronto-based mobility startup Treepz expands to East Africa, acquires Uganda's Ugabus
Published: 24-11-2021 | 07:40:00 | By: Pie Kamau
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, announced its acquisition of a similar Ugandan bus company Ugabus.


Kenyan gaming startup Usiku Games develops Africa’s first mobile football game
Published: 23-11-2021 | 07:28:00 | By: Pie Kamau
Kenyan gaming startup Usiku Games unveiled an amateur football mobile game to promote outdoor physical activities and encourage sportsmanship among youths in East Africa.


DFC invests $1m in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Published: 18-02-2021 | 13:50:00 | By: Pie Kamau
The U.S. International Development Finance Corporation (DFC), disbursed a $1 million equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya.


Kenyan logistics startup Amitruck secures pre-seed funding for expansion across East Africa
Published: 18-02-2021 | 10:02:00 | By: Pie Kamau
Kenyan trucking logistics marketplace startup Amitruck secured an undisclosed investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors.