Rwanda
Zipline is now the national drone service provider for Rwanda
Zipline got its start six years ago using its autonomous electric drones to deliver blood in Rwanda. Now, the logistics and drone delivery startup is expanding its Rwandan government partnership with
Kenyan fintech Pezesha raises $11M backed by Women’s World Banking, Cardano parent IOG
Access to finance remains a key growth constraint for small businesses, with data showing a $330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses. This is
Microtraction hits $15M first close on its second fund for pre-seed investment in African startups
Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community
Kenyan B2B e-commerce platform Marketforce cut about 9% of staff in reorganization strategy
Kenyan retail B2B and end-to-end distribution platform Marketforce laid off a chunk of its workforce in July, according to sources familiar with the matter. In an email sent from Marketforce CEO Tes
Bluechip, an African systems integrator with partners like Microsoft and Oracle, is expanding to Europe
It’s not often you hear about African tech companies expanding into Europe. Some examples include fintechs Lidya and Korapay in Eastern Europe and the U.K., respectively. In the latest developme
Norebase raises $1M to allow companies start, scale, and operate in any African country
Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into c
Digital bank Umba raises $15M, plans to expand into three new African markets
There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these f
Daily Crunch: Porsche announces plans to build a global network of EV charging stations
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Hence secures $1.8M seed to grow its legal services sourcing technology
Hence Technologies, a Kigali- and London-based startup that uses data and AI to match companies with external legal service providers is set to scale its precision-matching engine after raising $1.8 m
Sokowatch rebrands to Wasoko as it raises $125M Series B from Tiger Global and Avenir
Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods sold through its channels yearly. Yet its industry remains highly fragmented as shop owners and kiosks still h
Sudan’s first YC-backed startup is helping consumers protect and grow their wealth
Anglophone East Africa is home to over 400 million people, with half under 25. The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not
Game studios come together to grow industry in Africa
Ten game development studios in Africa have come together under one umbrella, the Pan Africa Gaming Group (PAGG), in an effort to unify the continent’s gaming sector, which is currently fragmented.
MarketForce raises $40 million Series A, introduces BNPL merchant stock financing
MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. MarketFo
Norrsken, VCs and 30 unicorn founders set up $200M fund to back growth-stage startups in Africa
Niklas Adalberth’s Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda, which plans to accommodate thousands of entrepreneurs by next year.
Tanzanian fintech NALA raises $10M seed to build Revolut for Africa
NALA, a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. The seed round is
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
MarketForce partners with Cellulant to expand in five new markets across Africa as it races to cover continent
MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer “super app” that
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
Apple files lawsuit against NSO Group over Pegasus spyware
Apple has launched a lawsuit against NSO Group, the maker of the nation-state spyware Pegasus, seeking a permanent injunction to prevent the spyware maker from using any Apple product or service. In a