African fintech Flutterwave secures two additional licenses in Rwanda
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
AUDA-NEPAD, JICA, Afreximbank & BCG partner to support 5 East African healthcare startups
The 5 healthcare startups were feted for their completion of the Home Grown Solutions (HGS) Accelerator for Pandemic Resilience.
Kenyan-based Penda Health partners with femtech e-Commerce startup Kasha to ease contraceptive access for consumers
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.
Kenyan fintech startup Asilimia raises $2 million funding to expand into new markets
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
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
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
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
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.