Southern Africa
VCs set sights on African countries beyond the ‘Big Four’
Outside the Big Four, investments ballooned to $1.4 billion, up 382% year on year, according to Partech's 2021 report.
Kenyan logistics startup Sendy cuts 10% of its workforce
Kenyan logistics startup Sendy has laid off 10% of its 300-strong workforce, or 30 employees, according to pan-African news publication TechCabal. This is the latest public layoff news from Africa ov
Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global
More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it
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
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
YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 million financing round. The seed round, which was closed last year, welcomed investors such as