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…

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…

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

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…

webuycars funding

These are Africa’s top 15 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…

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…

Uber new logo

Uber continues with expansion across Africa. Next stop is Mauritius

Uber is expanding to Mauritius, an Indian Ocean island nation known for its beaches, lagoons, and reefs. That is according to a job advert on the company’s website. Uber is…

Jumo CEO Andrew Watkins-Ball. funding

Cape Town based Jumo closes $52M from Goldman Sachs

Jumo, a company that offers loans to the unbanked in Africa, has closed $52 million in a venture round according to TechCrunch. Goldman Sachs led the round, though, there was…

Enova Robotics

The Daily Brief: Tunisia’s Enova Robotics raises $1.6M, and more

It’s been a busy Monday across the continent. From Enova Robotics raising funding, the crypto fuss in Zimbabwe to Naspers’ announcement that is ready to list its video entertainment arm,…

Naspers’ headquarters in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

Naspers to list MultiChoice on JSE next year as it eyes Pay-TV exit

Naspers, Africa’s most valuable company, seems to be looking for an exit from pay-TV. According to the statement issued by the company, it will spin off Multichoice next year. “Naspers…

The Carlyle Group

The Carlyle Group has completed the acquisition of Uganda’s Abacus

The Carlyle Group has announced its acquisition of Uganda’s Abacus, a pharmaceutical company. “The Carlyle Group announces that it has completed the acquisition of a majority stake in AK Life…

tpay logo A15

Egypt’s A15 sells its 76% stake in Dubai’s TPAY to Helios

A15, a tech investment fund, has sold a 76% stake in U.A.E. based fintech company TPAY to Helios Investment Partners. There were no specific monetary details revealed. According to A15,…

Ethiopian Airlines to start accepting payments made via Alipay

Ethiopian Airlines, Africa’s largest aviation group, will start accepting payments made via Alipay. That is according to a statement issued by CellPoint Mobile, the airline’s global payments partner. “The Alipay integration…

A screenshot of Tunga website

Tunga, a marketplace for software engineers, is expanding to Egypt

Tunga, a marketplace for software engineers, is expanding to Egypt according to Ernesto Spruyt, the founder. “We are planning to expand our community in Egypt in the short term,” he…

Uber new logo

Uber re-brands with new and simpler logo

Last week, Uber unveiled its new identity with a new and simpler logo. The company dropped their previous all-caps logo and opted to go with a custom typeface that has…

Sisu Global Health

The Funding Brief: Sisu Global raises $1.2M to expand to Africa, and more

From MEST’s $700,000 planned investment in 7 startups to SnapChat’s $150,000 investment in South Africa’s Hashtag Our Stories, here’s all the funding activity for the week. 1. Investec, Crossfin concludes…

SafeBoda Academy 2

The Daily Brief: SafeBoda launches academy, and more

It’s been a slow week, with not much of exciting activity. But, here’s a roundup of the activities that have happened across the continent in the past 24 hours. 1. Kenya…

Safeboda academy boda bodas

Safeboda launched academy to professionalize boda bodas

Yesterday [13/09/2018], Uganda’s ride-hailing startup, SafeBoda launched their training academy to professionalize boda bodas. “SafeBoda has [launched] a new training center in Kyebando, Kampala,” wrote the startup. Dr. Kasima Stephen…

GSMA Intelligence Sub-Saharan Africa

Sub-Saharan Africa to hit 634 Million unique mobile subscribers by 2025

According to GSMA Intelligence’s latest ‘Global Mobile Trends’ report [PDF] released this month, sub-Saharan Africa – SSA- will hit 634 million unique mobile subscribers by 2025. This will represent a 52%…

airbnb

Airbnb hosts in Tanzania must register or face arrest

On Monday this week, Tanzanian authorities told “short-stay” accommodation operators to register their facilities with the government within the next 50 days or face arrest according to Reuters. This move,…

Snapchat

The Daily Brief: SnapChat is investing $150k in SA Startup, & more

There hasn’t been much activity around the continent today. That’s why we are keeping today’s brief, a brief! MEST is looking to invest $700 in each of its cohort graduates…

Blockchain technology crypto savannah

Crypto Savannah has started a blockchain training program

Crypto Savannah, a Blockchain Innovation Hub that has previously partnered with Binance in Uganda, has introduced a blockchain training program. The program is aimed at those who are interested in…

KAINO Africa

Ugandan edtech startup KAINO Africa launches its mvp tablet

KAINO Africa, a Ugandan EdTech startup, has today launched its Minimum Viable Product – MVP at an event in Kampala. Alfred Opio, the CEO, informed me that they are now…

Older posts »