Uganda Telecom

The Funding Brief: Nigeria’s Taleology acquired Uganda Telecom for $71M

There’s been so much activity this week. Nigeria’s Taleology acquires the struggling Uganda Telecom. While South African and Ghanaian startups are receiving what I really think is much needed early-stage…

Unreasonable East Africa

Find out how Unreasonable East Africa can support your business

Recently released research findings on the Uganda Entrepreneurial Ecosystem Initiative – carried out by Aspen Network of Development Entrepreneurs (ANDE), Center for Development Alternatives and Enterprise Uganda showed that despite…

Uber Works

In Brief: Uber is testing an on-demand service for workers like waiters

Uber is working on an on-demand service, dubbed Uber Works, for workers, events and corporate functions. Uber Works will let companies recruit temporary workers such as waiters or security guards,…

Partech Africa partners; Tidjane Deme and Cyril Collon Partech Africa Fund

The Daily Brief: ADB invests €7M into Partech Africa Fund, and more.

The African Development Bank – ADB – has approved the investment of €7 million into Partech Africa fund. While Eight South African fintech startups have been selected to take part in…

Partech Africa partners; Tidjane Deme and Cyril Collon Partech Africa Fund

African Development Bank invests €7M in Partech Africa Fund

The African Development Bank – ADB – has approved the investment of €7 million into Partech Africa fund. The decision was made on Thursday by the Bank’s executive directors. According to ADB,…

Parcel-it

What you should know about GreenTec’s investment into Nigeria’s Parcel-IT

Early this month, German-based GreenTec Capital Partners announced that it had invested an undisclosed amount in Nigerian logistics startup, Parcel-IT. But, before, Parcel-IT had secured investment from the Tony Elumelu…

Nigerian startups

The Daily brief: Nigerian startups raised $117M in the first 3Qs, and more

According to the reports released by media company, Techpoint, Nigerian startups have raised at least $117 million in funding in the past three quarters. However, note that they include Cellulant’s…

sportpesa

In Brief: With $1B in annual revenue, SportPesa wants to list on NSE

SportPesa, an online-betting company with operations in Africa and the UK, plans to list on the Nairobi Securities Exchange in the first quarter of next year, according to two people…

Musanga

Musanga, a logistics startup, has secured a partnership with MTN Zambia

Musanga, a Zambia-based on-demand delivery startup, has secured a partnership with MTN Zambia. Under the terms, Musanga’s users – including drivers and merchants – will access various financial offerings from…

Nigerian startups

Nigerian startups raised at least $117M in the first 3 quarters of 2018

Techpoint has published its Nigerian startup funding report for Q3 2018. The report indicates that Nigerian startups raised around $35.5 million in funding in Q3, which is less than 50%…

Ron Kawamara

Ron Kawamara has been appointed CEO for Jumia Uganda

Jumia has announced Ron Kawamara, who has been with the company for over 5 years, as the CEO for Uganda. This was at a press briefing held today in Kampala….

bank of zambia

The daily brief: Bank of Zambia warns against crypto, and more

Zambia’s central bank, Bank of Zambia, has warned its citizens against using crypto. Though this is not new as this trend has been seen across several other African countries. That…

Open Capital Advisors VentureBuilder

OCA is introducing VentureBuilder to scale Off-Grid Access in Africa

Open Capital Advisors (OCA), a management consulting and financial advisory firm based in Nairobi, is introducing VentureBuilder, a new program aimed at accelerating the growth and adoption of off-grid access…

Flutterwave webuycars funding

These are Africa’s top 17 funding rounds in 2018 (so far)

There’s no doubt that funding in Africa’s tech startups is on the rise. That on its own is exciting. Yet, what is more, exciting is that the deal amounts are…

HitchHiker

In Brief: Egypt’s p2p shipping startup HitchHiker raises $200,000

Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors. With this funding, they are planning to expand their 10-member…

seed capital Ghana president

The Daily Brief: Ghanaian SMEs receive $10M in seed capital, and more

The Ghanaian government has disbursed $10 million in seed capital to SMEs, Egypt now requires e-commerce platforms to charge and remit VAT while Simply – a South Africa-based startup raised…

Paystack

Here’s 3 things you should know about Paystack from their SEC form D

Paystack recently raised $8 million in a funding round that was led by Stripe with participation from Visa, Tencent as well as Y Combinator. The company then filed their Form…

Amazon

In Brief: Posta Kenya is looking to become Amazon’s logistics partner

The Postal Corporation of Kenya is looking to clinch a deal with US e-commerce giant Amazon, which will see it become their logistics partner in Kenya. Amazon officials will visit…

GetPoints

GetPoints launches loyalty program platform for restaurants and retailers

GetPoints launched their loyalty program platform for restaurants and retailers across East Africa. “We just finished the initial soft launch in Nairobi [four weeks ago],” Scott Holley, the founder, and…

Binance Uganda

Binance Uganda is now live, trading to begin soon

In June this year, Binance announced the launch of Binance Uganda, a fiat-cryptocurrency exchange in a move aimed at showing its commitment to Uganda. Registrations on the platform were opened…

Iyonulwa Aboyeki, former Flutterwave CEO. Photo: BellaNaija

Here’s Iyinoluwa Aboyeji’s (former Flutterwave CEO) resignation letter

Yesterday, Flutterwave announced that it had completed the raising of its Series A Extended round. The closed round brought the startups’ total amount of funding raised to date to at…

Mirembe

Uganda’s TMCG launched an AI health chatbot dubbed Mirembe

The Medical Concierge Group (TMCG), a Ugandan digital health enterprise, launched a digital AI health chatbot dubbed Mirembe. “TMCG has launched an Artificially Intelligent (AI) health chatbot,” they wrote in…

Adil Youssefi

Liquid Telecom appoints Adil Youssefi as new Regional CEO of East Africa

Pan-African telecoms group, Liquid Telecom has appointed Adil Youssefi as the new Regional CEO of East Africa. In his new role, Adil will oversee the five East African markets of…

Founders factory

Founders Factory, a UK corporate-backed accelerator, expands to Africa

Founders Factory, a UK-based corporate-backed accelerator announced that it has expanded to Africa. The accelerator’s continental office is in Johannesburg, South Africa. “We are proud to announce the launch of…

Flutterwave webuycars funding

Flutterwave now has $20M in total funding. The CEO is stepping down

Flutterwave, a payments startup, has completed its Series A Extension round of financing. The investment came from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, Raba Capital and more. The round…

Parcel-it

The Daily Brief: Nigeria’s Accounteer and Parcel-IT get funding, and more

GreenTec Capital partners yesterday announced that it had invested an undisclosed amount into Nigeria’s logistics startup Parcel-IT. While Microtraction also announced its latest investment into accounting startup, Accounteer. That and…

Jeremy Jason, Andela CEO, signing an MOU with the Rwanda government in July 2018. Photo: RDB

Over a dozen African countries have reached out to us – Andela CEO

Last week, Jason Calacanis, the host of This Week in Startups Podcast and Managing Partner at Launch, interviewed [YouTube] Jeremy Jason, Andela CEO. The conversation revolved around demystifying the myths about…

SolarWorks

The Daily Brief: SolarWorks closed €2M in funding, and more

SolarWorks announced that it raised €2 million in venture funding while VC4A also announced the list of 8 startups that will be pitching for Series A funding at its upcoming Summit…

BRCK TIME 50

These 6 African companies are on TIME’s 50 Most Genius List

Last week, TIME magazine released its list of the 50 most genius companies in 2018 which featured six companies in Africa. The list, according to TIME, features the businesses that…

SolarWorks

SolarWorks raised €2M, looking to boost international expansion

SolarWorks – a pay-as-you-go (PAYG) company with operations in Mozambique – announced it had raised €2 million. The venture round was led by EDP Renovaveis SA with participation from Persistent Energy…

Flutterwave

The Daily Brief: Flutterwave officially in Uganda, and more

Last week, Flutterwave held a meet and greet at The Innovation Village in Kampala. The company announced that businesses in Uganda could receive and make payments from anywhere. That and…

Yunga Innovating Justice Challenge

Yunga wins the HiiL 2018 Innovating Justice Challenge for Kampala

The Hague Institute for Innovation of Law (HiiL) in partnership with the Swedish International Development Cooperation Agency at the Swedish Embassy in Uganda are executing a 3-year programme between 2017…

Africa's talking incubator for software engineers

Africa’s Talking is working on an incubator for software engineers

Africa’s Talking, a pan-African API platform, is working on an entrepreneur in residence incubator for software engineers under its AT Labs arm. This was revealed by Graham Muhanga, who is…

African ICO

What you should know before participating in an ICO

After a warning from Uganda’s central bank about OneCoin, there continue to be stories about other coins claimed to be Ponzi schemes. In spite of this, many cryptocurrencies are traded…

SunFunder

SunFunder closes $25M for new fund focused on Asia and Africa

SunFunder has announced that OPIC committed $25 million to its new fund. “We are delighted to announce that OPIC has committed $25 million to the Solar Energy Transformation (“SET”) Fund,”…

Sawari Ventures

The Daily Brief: Egypt’s Sawari Ventures to launch $55M VC fund

In yesterday’s brief, I mentioned that Egypt is beaming with activity and the streak is not about to end as Sawari Ventures is set to launch a $55 million fund….

blockchain startups operating in africa

Here are 8 notable ICOs by blockchain startups operating in Africa

Initial Coin Offerings (ICOs) are becoming an easier way for startups to raise funding not only in the US but in other parts of the world, Africa too. According to…

Ethiopia Drones

‘Made in Ethiopia’ drones to be used to deliver medical supplies

Last year, my grandfather saw a moving object in the sky while attending an Orthodox Christian religious event in Addis Ababa. He wondered and thought of it as a foreign…

Buseet

The Daily Brief: Egypt’s Buseet secured funding from Cairo Angels & 500 startups

Egypt has witnessed an increasing amount of funding activity in the past few months. From Vezeeta to MAYDAY and now Buseet. You can check out more on our deals section….

Naspers funding

These 14 investors have led Africa’s biggest funding rounds this year (so far)

According to Partech ventures, there was $560 million in venture capital funding that flowed into Africa in 2017. This was a significant rise from $367 million that was reported in…

Innovating Justice Conference

The Innovating Justice Conference Kampala 2018 is slated for this Friday

The Hague Institute for Innovation of Law (HiiL) is pleased to announce the Ugandan finalists for its Innovating Justice Challenge 2018 and the Innovating Justice Conference due 28th September 2018…

The Daily Brief: BeneFactors raises $150K, L’Oréal invests in Partech

From BeneFactors raising $150K pre-seed funding, Wala’s plans to finance a Ugandan solar programme with digital currency to Africa’s internet censorship here’s a round-up of today’s activity. Rwanda’s BeneFactors Raises…

Ethiopia switched off

Ethiopia switched off the internet last week, Benin repeals social media tax

Last week, Ethiopia switched off the internet in the Addis Ababa areas. That is according to Chinese News Agency, Xinhua, and Berhan Taye – who leads Access Now’s #KeepItOn campaign…

Jumo CEO Andrew Watkins-Ball. funding

The Funding Brief: A total of $160M was raised this week, and more

This week registered the highest round of funding raised across the continent since the year began when Naspers invested in Webuycars. Several other investments were made including the $54 million…

Uber new logo

In Brief: Uber is finally expanding to Rwanda

Earlier this week, we reported that Uber was expanding to Mauritius after finding out that the company was hiring for a country lead position. However, a few days later, the…

MEST

The Daily Brief: MEST officially launches Nairobi incubator, and more

Liquid Telecom partners with Zindi to accelerate Africa’s data science ecosystem Yesterday, Liquid Telecom announced a partnership with Zindi to support the rollout of its new data science competition platform across…

MTN Uganda MasterCard

The Daily Brief: MTN, MasterCard launch mobile money virtual card, and more

From Uber’s launch of its Tuk Tuk service, Lori Systems’ expansion to MTN’s partnership with Mastercard and UBA, here’s a round-up of today’s activity. 1. MTN partners with MasterCard to…

MTN Uganda MasterCard

MTN partners with MasterCard to launch mobile money virtual card

MTN Uganda has today announced a partnership with Mastercard and United Bank for Africa (UBA) aimed at enabling its mobile money users to make payments online. The service – dubbed…

vezeeta

The Daily Brief: Vezeeta raises $12M, DabaDoc raises investment, and more

Today’s activity includes Vezeeta raising $12 million in Series C, University of Dar investing $6K in young entrepreneurs, Morocco’s DabaDoc raising investment, and more. Find more below; Vezeeta raises $12…

webuycars funding

The Daily Brief: Naspers invests $94M in SA’s Webuycars, and more

Today’s activity stretches from Jumo and Webuycars rounds of funding to Uber’s expansion to Mauritius as well as the ride-hailing company’s interest in acquiring its Middle East competitor, Careem. Find…

webuycars funding

Naspers has invested $94M in SA’s Webuycars through OLX Group

Naspers has today announced that it made a $94 million (1.4 billion Rand) investment in South Africa Webuycars, a specialized car buying service. The investment was through Naspers’ Classifieds business,…

Adeyemi Ajao, left, and TJ Nahigian of Base10 Partners. Source: Base10 Partners

In Brief: Base10 Partners is the Largest Ever Black-Led VC Firm

Having raised $137 million for Base10 Partners, Adeyemi Ajao has put together the largest fund of its kind for a black-led venture firm. The 36-year-old co-founded Identified which was acquired by…

Careem

Uber apparently wants to acquire Careem for around $2B to $2.5B

Rumors of Uber acquisition of Careem won’t go away, even when the Egyptian Competition Authorities warned them against any mergers. Bloomberg first reported in July that Uber was looking to…

Older posts »