Zambia
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
Ransomware ring claims attack on Africa’s largest retail chain Shoprite
RansomHouse, a ransomware gang, has claimed responsibility for the cyberattack on Shoprite, Africa’s largest retailer. The attack, which Shoprite confirmed a week ago, compromised customer data in E
Five to Nine raises $4.25M seed round to help improve the efficiency of DEI initiatives
Founded by two Black women, Five to Nine helps companies manage their employee resource groups.
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
Sun King raises $260M to widen clean energy access in Africa, Asia
One of the largest solar companies in Africa and Asia, Sun King, has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Sun King
Are poison pills really that bitter?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record not
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
Nigeria’s Sudo Africa raises $3.7M pre-seed for its card-issuing API platform
Sudo Africa, a fintech that provides a card-issuing API for developers and businesses in Nigeria, has raised $3.7 million in pre-seed funding. San Francisco-based Global Founders Capital (GFC) led the
After Zambia, Kenya explores possibility of a digital currency
Kenya’s central bank has called on the public to share their views, before May 20th, on the possibility of adopting a digital currency, just one day after it emerged that Zambia is also testing its
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
Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets
Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off t
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
Enterprise escalator Impact Rooms rises to prepare African startups for growth and investment
A few years ago, at the start of the fintech services boom in Africa, Oliver Blantern got an opportunity to work in the continent offering advisory services to high-growth startups. For slightly over
Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API
Union54, the first Zambian startup backed by Y Combinator, has gotten another major venture capital firm on its term sheet: Tiger Global. The company confirmed to TechCrunch that the VC juggernaut led
WhatsApp and other social media platforms restricted in Zambia amidst ongoing elections
Several users from Zambia have taken to Twitter informing the general public that WhatsApp has been restricted in the country amidst ongoing general elections today. The president and parliamentary el
The first Zambian startup to get into YC is developing Africa’s first card-issuing API
More than 40 African startups from a handful of countries have gone through YC over the past decade. Zambia joins that list today, and its entrant, Union54, is a worthy first entry. Union54 (54 is a n