Annie Njanja

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Google to ban unlicensed loan apps in Kenya as new rules take effect

Google’s new policy requiring digital lenders in Kenya to submit proof of license to operate in the East African country takes effect today. The policy aims to clamp down on rogue loan apps, which a

Kenya’s growth was strongest in Africa’s VC market; clean tech, e-commerce pulled in most of the funding

As VC activity slowed down globally last year, Kenya defied odds to record the strongest growth in funding raised in Africa. Reports show that the deal count and value to the country surpassed 2021 fi

Dubai-based accounting and financial compliance startup, Wafeq, raises $3M

In 2016, the Gulf Cooperation Council (GCC) member states signed a value added tax (VAT) agreement paving the way for the introduction of the general levy on consumption across the region. The United

Why international DFIs are looking to African startups to scale impact investing efforts

Keen to align with their missions, DFIs are backing tech startups that facilitate and increase access to services and products in various sectors.

Uber, Bolt drivers hope for increased earnings foiled as Tanzania reinstates 25% commission

Barely a year after Tanzania capped the commissions that e-hailing firms like Uber and Bolt charge their partners at 15%, the authority in charge has backtracked on the order, taking away drivers&#821

Kenyan fintech Kwara raises $3M seed extension, signs deal to reach over 4,000 credit unions

Kwara, a Kenyan fintech digitizing credit unions (Saccos), more than doubled its client base last year, and it’s eyeing enormous growth in the coming years after raising a $3 million seed extens

Kenya’s Xetova exploring market data gaps in Africa to boost trade insight access

Africa is seen as the next trade frontier, following the coming into force of The African Continental Free Trade Area (AfCFTA), which created the single largest unrestricted trade region in the world.

Africa predicted to experience sustained funding slowdown in 2023

The operating environment for startups in Africa is expected to worsen this year, continuing the trend that picked up in the last half of 2022.

Meta’s main content moderation partner in Africa shuts down operations

Meta’s main subcontractor for content moderation in Africa, Sama, announced earlier Tuesday the closure of its content moderation arm at its hub in Kenya, citing the need to streamline operations. T

Questions linger over Facebook, Twitter, TikTok’s commitment to uphold election integrity in Africa, as countries head to polls

A dozen countries in Africa, including Nigeria, the continent’s biggest economy and democracy, are expected to hold their presidential elections next year, and questions linger on how well social me

MyHealth Africa, a startup connecting patients with health specialists across the globe, lands $1M funding

Kenya-based MyHealth Africa, an integrated healthcare platform changing how people access medical services by connecting patients with local and international health specialists and hospitals, is grow

Egypt’s Suplyd raises $1.6M to digitize restaurants supply chain

Suplyd, a procurement platform for hotels, restaurants and catering (HoReCa) businesses in Egypt, has raised $1.6 million pre-seed funding from Endure Capital, Seedstars, Camel Ventures, Falak Startup

Meta sued by Ethiopians and Kenyan rights group for fueling Tigray War

A lawsuit against Facebook’s parent company Meta was filed earlier today in Kenya’s High Court over its alleged role in fueling violence and hate in eastern and southern Africa. The case claims th

Zeraki, a Kenyan edtech providing digital solutions for school admin, raises $1.8M

Zeraki, a Kenyan edtech that has built digital learning and school data analytics platforms, has raised $1.8 million seed funding in a round led by Acumen Fund, for product catalog growth and regional

With $3M new funding, Egyptian startup OneOrder sets out on growth drive

OneOrder, Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude, with participation from A15 and Delivery Hero Ventures. The latest funding brings

Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

Kapu, a social commerce startup coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling w

Egypt’s SideUp raises $1.2M to grow its e-commerce support platform

After four years operating primarily as a logistics marketplace, Egypt’s Voo has rebranded to SideUp and transformed its strategy to offer a complete spectrum of e-commerce support services, includi

Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa

Africa’s beauty and personal care market is growing, accelerated by its burgeoning young and fashion-conscious population, increased spending power and urbanization. The market’s potential has in

Smartphone re-commerce startup Badili raises $2.1M pre-seed funding

Badili, a Kenya-based smartphone re-commerce startup, has raised $2.1 million in pre-seed funding to scale its operations within Africa, one of the fastest-growing mobile phone markets in the world. V

NopeaRide, Kenya’s first EV taxi service, shuts down

Kenya’s first fully electric taxi service, NopeaRide, is exiting the market after its parent company EkoRent Oy failed to raise additional funding to keep it afloat. NopeaRide said EkoRent Africa, t
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