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
African startups frequently pursue geographical expansion as they search for growth, but what are common mistakes to avoid?
Sahl, an Egypt-based fintech company, has raised $6 million in Series A and seed funding to expand into new markets while refining and developing its offerings.
Elevate, a fintech company, has announced that it has secured a $5 million equity debt pre-Series A round from Negma Ventures to expand into South Africa, South Asia, and Southeast Asia.
Two weeks after the initial layoff of 1,000 employees, Copia Global has let go of its remaining 1,500 employees. This comes after the company withdrew from six Kenyan markets following its entry into administration.
“I don’t think difficulties should make a company shut down.” CEO of YC-backed Flux shares how the company is struggling with the crypto clampdown and their plans to stay alive.
Nigerian blockchain payments company, Zone has launched a blockchain-powered PoS payment gateway to eliminate chargeback fraud. Described as Africa’s first decentralised PoS payment gateway, it will take on other gateways like Interswitch, Unified Payments and eTranzact.
A week after Copia Global entered administration, the Kenyan eCommerce startup is suspending orders in six markets within Kenya, with reports indicating that staff in these markets have been placed on leave.
Gro Intelligence, a Kenyan and US-based agricultural insights platform, has announced plans to shut down operations three months after its board replaced its CEO and two months since it laid off 60% of its workforce.
YoLa Fresh, an agritech startup, has raised $7 million in pre-Series A funding, led by Al Mada Ventures. While the startup aims to increase revenue, it also looks to expand outside Morocco by 2026.
Oracle, a technology provider specialising in database management systems and cloud solutions, plans to open two Oracle Cloud Regions in Morocco, nearly a month after announcing plans to expand its R&D capabilities in the country.
As the dust settles on the Brass acquisition, we examine the events surrounding the sale and lessons for startup founders in Nigeria.
OneOrder, an Egypt-based logistics startup, has raised $16 million in equity and debt through a Series A round to expand beyond Africa, develop financing solutions for customers, including cards, and further enhance the platform.
Busbud, a travel booking platform, has acquired Ratality, a South African company offering revenue management optimisation software for ground travel operators, nearly two years after acquiring Betterez.
MPost, a digital postal service company, reportedly launched its electronic P.O. Box system in Rwanda to provide citizens with advanced postal experiences less than six months after moving its operations from Nairobi, Kenya to Kigali.
Following an X debate initiated by former employee Benita Anuforo, who said she is owed ₦2.7 million in salaries, Bloc CEO Edmund Olotu has finally addressed the allegations.
Beltone’s Cash for Microfinance has signed an agreement with Microfinanza Italia to launch a $2.4 million project to help and empower Egyptian entrepreneurs.
Three months after securing $7.4 million in securitised financing, d.light has announced that it will provide 10,000 subsidised solar home systems to Ugandan refugees through a $3.4 million grant.
OmniRetail tops Financial Times’ list of Africa’s Fastest Growing Companies with Moniepoint and AFEX rounding up the top three for Nigeria’s representatives.
In the face of rising inflation, earned wage access startups want to make payday come early for Nigerians, but experts warn it’s not a fix for employees’ financial problems.
Egypt’s Glint secured $3 million in the first close of its second venture fund to support Egyptian entrepreneurs and startups entering regional and international markets.