Annie Njanja

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Bfree, a Nigerian startup enabling lenders to recover debt ethically, gets $3M backing

Bfree, a tech-enabled debt collection startup based in Nigeria, was founded to automate and introduce ethical debt recovery processes after its founders witnessed the use and adverse effects of aggres

Roam raises $24M to scale electric vehicle production in Kenya

Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S. International Development Finance Corporation (DFC), to scale

Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services

Ilara Health, a Kenya-based health tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will

Africa-focused funds find their feet amid a downturn

In the midst of a funding downtime last year, and with conditions getting tougher for fund managers raising capital as backers (limited partners) enhanced their focus on strategy and track record, som

Google’s first Africa cloud region now operational

Google has today said its cloud region in South Africa is operational, coming a year after the tech giant picked Johannesburg as its first site in Africa. Cloud regions allow users to deploy cloud res

Speedinvest closes fourth fund at $380M to back early-stage startups in Europe

How African startups raised funding in 2023

After defying the global funding slowdown of 2022, VC investments in African startups dropped considerably last year, mirroring the situation in other regions where capital taps were significantly tur

Kenyan agtech Shamba Pride raises $3.7M to grow its merchant network

Shamba Pride has since 2016 worked to enhance last-mile distribution for farm inputs and tackle price exploitation and quality issues for farmers through its merchant network dubbed digishops. The agt

Amazon Prime Video is discontinuing support for local originals in Africa and Middle East

Amazon Prime Video is said to be downsizing its Africa and Middle East operations in a move that will affect teams in the two regions; according to a report in Deadline, the company will instead focus

Homegrown African VCs emerge to fill in the gaps foreign investors cannot

The African startup scene is expanding beyond the traditional markets of Egypt, Kenya, Nigeria and South Africa, with accelerated activity now reported in other regions across the continent. As the ma

Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups

Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first pa

Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag

Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startu

Two of Africa’s largest B2B e-commerce platforms, MaxAB and Wasoko, in merger talks

Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively l

Re-commerce marketplace Soum gets $18M backing to scale in MENA

The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost, and as some observe conscious consumption. With the global re-commerce market e

Kenyan insurtech Lami’s bid to acquire Bluewave collapses

Kenyan insurtech Lami Technologies in February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into

Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M

Supply chain and e-commerce enablement startup Omniful has today emerged from stealth with $5.85 million seed funding led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group

Salesforce Ventures and Female Founders Fund back Kenyan climate-tech Amini in $4M seed round

Amini, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million in a seed funding round led by Salesforce Ventures and the Female Founders Fund. Climate-

Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan fa

Cameroonian healthtech Waspito gets $2.5M seed extension to scale, tap offline patients

Cameroonian health startup Waspito has secured a $2.5 million seed extension from DP World through Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures and CFAO’s Health54 to spur its g

Online grocery startup Pricepally to expand in Nigeria backed by $1.3M funding

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