Nairobi
Flutterwave denies money laundering and fraud allegations following accounts freeze by Kenyan court
Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya’s Asset Recovery Agency, which investigates and recovers proceeds of crime. This is after a total o
Kune Food shuts down barely a year after starting Kenya operations
Kune Food, a Kenya-based cloud kitchen has closed down today, affecting 90 employees — some of whom were hired as recently as last month. The startup, founded in December 2020 to offer ready-to-eat
Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly
The construction industry in Kenya is so big that it is among the few globally that expanded amidst the COVID lockdowns of 2020. And it is not showing any signs of slowdown with the country’s data a
Uber hits 1 billion rides in Africa
Uber today announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10 billion kilometres in terms of distance cover
Ex-Uber executive reveals how driver earnings were slashed in Kenya
New details have emerged showing that Uber was planning to further reduce commuter charges in Kenya, months after the 35% cut of 2016, which is the subject-matter of a civil suit filed by drivers agai
TopUp Mama looking to solve sourcing challenges for restaurants
Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small restaurants and food vendors in emerging markets. These are some of the pain-p
Meta disputes allegations of poor work conditions at its contractor’s hub in Kenya
A few weeks ago, a law firm threatened to sue American social-media giant Meta and its main subcontractor for content moderation in Africa, Sama, over alleged unsafe and unfair work conditions at the
Daily Crunch: Since December 2021, Better.com has laid off nearly half of its workforce
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Google opens product development center in Nairobi, its first in Africa
Google has today announced the launch of a product development center in Nairobi, its first in the continent, to build “transformative” products and services for the African market and the world.
ImaliPay gets $3M to offer financial services to underserved gig workers across Africa
The gig economy is experiencing profound growth in Africa. Yet, all that growth hasn’t changed the status of workers who are seen as contractors rather than employees. Because many of them, particul
Visa unveils its first innovation hub in Africa to drive product development
Global digital payments giant Visa has opened an innovation studio in Kenya, its first in Africa and sixth globally, after posts in Dubai, London, Miami, San Francisco and Singapore. The studio will b
Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA
Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Existing i
M-KOPA raises $75M as it clocks 2 million customers across four African markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked; thus, they don’t have access to credit and can’t aff
AWS brings its Local Zones mini data centers to 32 new cities
Latency is critical for a lot of workloads, yet the large cloud providers typically build their major data centers where the electricity is cheap and the local tax incentives high. In recent years, th
BasiGo secures $4.3 million in seed funding to accelerate mass transit EV adoption in Kenya
Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy, to provide clean-energy mass transit vehicles in a c
TLcom Capital targets $150M for its second fund to invest in 20 African startups
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage investments. Th
Finclusion raises $20M to build out credit-led neobank offering across Africa
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bets from institutional investors in this class of fint
Norrsken Foundation’s hub opens in Rwanda, to house 1,000 entrepreneurs by next year
In 2019, Swedish coworking space and investment fund Norrsken Foundation announced the launch of its first entrepreneurship hub outside the Scandinavian nation in Rwanda. The center, located in Kigali
MFS Africa collects $100M to expand its digital payments gateway across the region
Investor interest in African fintech continues to grab headlines with large fundraises. Today, Africa’s largest digital payments network MFS Africa joins the fray. The company confirmed to TechCrunc
EV startup BasiGo debuts in Nairobi after $1 million pre-seed funding
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel bu