Start-ups
The Nairobi, London and Colorado-based VC targets technology-enabled, early-stage African ventures in energy, agriculture and mobility sectors.It plans to invest the fund in 15 to 18 start-ups.
5 days ago
Nigeria fintech Moniepoint gains 'unicorn' status
Moniepoint started operations in 2015 providing infrastructure and payment solutions for banks and financial institutions but has grown to also offer personal banking services.
BasiGo secures Ksh.5.4B funding to scale electric bus supply in East Africa
The new investment consists of $24 million in Series A equity funding along with $17.5 million in debt facilities from British International Investment (BII) and the U.S. Development Finance Corporation (DFC).
Kenyan start-ups d.light, Keep IT Cool among 2024 Earthshot Prize finalists
Solar home systems maker d.light and Keep IT Cool, a solar-powered refrigeration solutions company, will compete for the global environmental award founded by the Royal Foundation and the U.K.’s Prince William.
VC fund Equator gets Ksh.646M from IFC to back climate start-ups
Equator Africa is backing early-stage tech start-ups working on green solutions in the energy, agriculture, and mobility sectors across sub-Saharan Africa.
M-Kopa appoints ex-Nokia CEO Rajeev Suri as new board chair
Suri has served in leadership roles across the tech and telecom sectors globally – he was CEO of Nokia from 2014 to 2020 and was appointed CEO of the British satellite telecoms company Inmarsat in 2021.
Kenya’s HustleSasa among finalists for NBA Africa start-up accelerator demo day
HustleSasa will pitch to a panel of international industry leaders at the National Basketball Association (NBA) headquarters in New York City, United States on the demo day.
Nigerian fintech Rise enters Kenya, acquires local investment start-up Hisa
Rise is a stock investment venture aimed at connecting users to stocks or securities in the US dollar denomination globally. Hisa aims to create borderless investments for Africans in local and global like stocks, ETFs, bonds and alternative investments.
E-commerce start-up Chpter secures Ksh.155M pre-seed funding
Chpter was founded by Mesongo Sibuti (CTO), Kuria Kevin (CPO), Mark Kiarie (COO) and Tesh Mbaabu (CEO) in 2022.