Annie Njanja

The Latest from Annie Njanja

Paris-based VC firm Partech unveils Chapter54 accelerator to help European startups cross into Africa

Partech Shaker, the innovation division of the Paris-based VC firm Partech, has launched an accelerator program christened Chapter54 to help European startups launch in African markets. The accelerato

First EV mass transit bus by Swedish-Kenyan startup Opibus begins operation amidst plans for regional launch by 2023

The first electric bus by Swedish-Kenyan EV startup Opibus has hit Kenya’s roads, marking the beginning of the company’s venture into the mass transit industry. Opibus first announced plans to

Kenyan fintech Zanifu nabs $1M to bridge MSME financing gap, eyes Ghana, Uganda expansion

Kenyan fintech Zanifu is set to upgrade its platform and grow the number of micro, small and medium enterprises (MSMEs) it extends stock financing to after securing $1 million in seed funding. Saviu V

Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity

In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and re

Ugandan fintech Asaak raises $30million to support acquisition of motorbikes, smartphones by taxi operators

Asaak, a Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the participation of new and existing investors including Resolute Ventures, So

Shell-founded startup fund receives $13 million from Canadian DFI to accelerate clean energy access in Africa

FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund (EEGF), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward i

Kenyan BNPL startup Lipa Later eyes more African markets after raising $12 million

Lipa Later, a Kenyan tech-led consumer credit platform, is planning to expand to new markets in Africa after raising $12 million in pre-Series A funding. The equity and debt funding round was led by C

MTN Uganda introduces overdraft facility as it steps up competition in digital lending space

Africa’s mobile-money sector remains the most active of any region in the world, according to GSM Association (GSMA), an umbrella body representing the interests of players in the telecommunications

Nigerian ethical credit-recovery fintech Bfree secures $1.7M, expands to Asia, Europe, South America and across Africa

Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending ap

mPharma raises $35 million in round joined by Tinder co-founder’s JAM fund, Bharti executive

Ghanaian health tech startup mPharma is building a network of community pharmacies across Africa as it plans to be the go-to primary healthcare service provider for millions of people residing in the

Fintechs in Africa continue to overshadow all other startups in funding gained

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. This amount was double the previous year’s investment, and nine times what

Tech-led biofuel startup Koko Networks launches new consumer goods business in Kenya

Koko Networks, a Kenya-based bio-fuel technology enterprise, has extended its business to cover other fast-moving consumer goods through a new tech platform that will capitalize on its established dis

Nigeria’s Teesas secures $1.6M, to expand across Africa and launch tutor marketplace

After seven years in the production of electronic gadgets, under his company Imose Technologies, Osayi Izedonmwen took leave to explore an idea that he had toyed with for some time — an edtech s

Melbourne-based edtech startup Vivi raises $20M to accelerate overseas expansion in race to reach 1M classrooms

Australian edtech startup Vivi has raised $20 million from education investor Quad Partners, funds that it intends to use to improve its platform, upgrade its operational infrastructure and hire more

Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure

Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races toward formalizing the continent’s transportation sector after securing $31

Mobile overdraft facility Fuliza outshines Silicon Valley-backed lending apps in Kenya

A digital mobile overdraft facility christened Fuliza by Kenya’s biggest telco Safaricom Plc is giving the country’s popular loan apps a run for their money barely three years after its launch. Fu

Women-focused PE fund Alitheia IDF raises $100 million to invest in gender-diverse businesses across Africa

Alitheia IDF (AIF), a women-focused private equity fund in Africa has raised $100 million to invest in gender-diverse businesses across the continent. The fund is looking to bridge the financing gap f

Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing u

Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year

E-commerce in Africa is growing fast and its potential remains enormous as more people get connected to the internet. Across sub-Saharan Africa 303 million people, about 28% of the population, are con

Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with it
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