Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
In a market where 80% of MSMEs fail within five years, tappi’s partnership with Safaricom’s M-PESA aims to support its 650,000 merchants in Kenya by enhancing business longevity and providing tools to streamline operations.
A Nigerian climate tech startup Earthbond has received funding from Madica, an Africa-focused pre-seed investment program, to scale operations, facilitate loans, and enhance the customer experience for sustainable energy solutions.
PaidHR’s new cross-border payroll will allow employees to receive salaries in 49 currencies. The HR tech startup is also looking to raise $1.5 million to support expansion into new markets and scale its operations.
Nigerian B2B eCommerce startup, OmniRetail acquires Traction Apps to strengthen financial services offering.
Dr Abasi Ene-Obong, the former CEO of 54gene, has addressed rumours about his resignation in a candid LinkedIn post, clarifying misinformation regarding alleged financial impropriety.
Ghanaian AI startup Aya Data has raised $900,000 in seed funding to scale its AI-driven products, AyaGrow and AyaSpeech. The funds will boost local talent and support AI solutions for African businesses.
Yellow Card has raised $33 million in a Series C round to fund growth, support expansion, develop new products, strengthen its team, and lead engagement with regulators across the continent.
A Kenyan startup called Octavia Carbon, builds mechanical trees to capture CO2 directly from the air. These trees then turn the CO2 in to solid rock. It has raised $5 million seed for this solution.
If you’re not fully committed to navigating the frustrations and disappointments that come with building startups, you’ll burn out and quit before making any real impact. In this article, Omoruyi @UyiDLaw Edoigiawerie shares tips for governance and long-term sustainability.
Before founding Lupiya, Evelyn and Muchu Kaingu couldn’t get a loan for their business, sparking the idea to help small businesses access credit. Starting with a $500 loan to 18 women, Lupiya now lends over $10 million and is expanding across Africa.
Uber-backed Moove, the Nigerian mobility fintech, has expanded into Mexico, marking another milestone as it aims to achieve profitability by 2025.
Contrary to reports, Kenyan agritech startup iProcure did not re-acquire its technology. Instead, co-founders are working with the acquiring company to restore services, using their expertise. iProcure remains in administration after its bankruptcy filing.
Rabbit Mobility, an Egyptian micromobility platform, has raised $1.3 million in a funding round led by 500 Global and Untapped Global. The funds will fuel expansion plans across Egypt and North Africa.
WellPal, an Egyptian health-focused eCommerce platform, has relocated to Saudi Arabia after securing fresh funding. With plans to enhance its AI features and expand regionally, WellPal aims to support the Kingdom’s Vision 2030.
TUNL, a South African shipping platform for eCommerce exporters, has closed a seed round to fuel growth, facilitate product expansion into international payments, and improve marketing support for SMEs.
Investors have indicated that they want more frequent updates from the startups they’ve invested in, but some startups are scared of sharing these updates.
Scale, a South African startup, has raised a pre-seed funding of $700,000 to accelerate expansion into Kenya, Zambia, and Cote d’Ivoire and simplify card issuing processes on the continent.
Eighty-percent. That’s the percentage of Nigerian farmers who are smallholder farmers. In a country that has long been dependent on oil revenues, the agriculture industry remains its largest employer of labour. However, its farmers face a plethora of problems, including violent conflict in large parts of the country affecting productivity, access to finance, outdated agricultural…
Seventy-one per cent of people consume music by streaming, while only 4% attend live shows. One reason is that live shows are expensive, but this Nigerian startup wants to solve this, and even Seyi Vibez is on board.
A group has launched a R300 million (about $17 million) seed fund to provide early funding to tech startups in South Africa.