Why Kenya’s Cashless Matatu Payment Card My1963 Failed-Part 1

Fibre Space Ltd, the firm behind cash light fare system ‘MY1963’ which had vowed to bring sanity in Kenya’s Matatu’s industry by use of...

Trine is raising $3.7m to connect investors to profitable solar energy projects in Africa

TRINE, a crowdfunding investment platform which helps investors locate and fund profitable solar energy projects in developing countries is raising 3,500,000 EUROS ($3.7m) to...

Ringier Africa & One Africa Media Raise Cash | Merge to Take on Naspers...

 This mid-morning Ringier Africa and One Africa Media (OAM) announced they have agreed to merge their pan-African Classifieds assets to create and grow Africa’s...

This SA-founded firm has acquired a cyber security awareness firm to reduce cyber security...

Human error is a factor in 95% of security breaches, yet organisations still don’t spend enough time on cyber security training. A recent survey...

Kenya’s Bitsoko wants to take cryptocurrencies mainstream

Over the past few weeks, cryptocurrencies, in particular, Bitcoin, has made headlines with its exponential growth, increasing its value by nearly $1000 overnight. This...

Doubts about the ‘Africa Rising’ narrative as expatriate-founders take over Kenya’s startup ecosystem

African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth according to a report by Partech Ventures with a total of 128...

How m-health is revolutionizing Africa’s health sector

Africa has for years been lagging behind in more ways than one and has desperately tried to leapfrog into the modern age, a move...

Norfund to drive investments in East Africa with new executive appointment

Norfund, Norway’s Development Finance Institution mandated to supporting the building of sustainable businesses in poor countries and thereby contribute to economic and social development is an active strategic...

This pay-as-you-go solar firm has raised $25m to accelerate off-grid solar expansion in West...

PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised a US$25 million Series C funding round, taking its funding total...

This waste management startup has received $227,000 to scale across Nigeria

The King Baudouin Foundation awards the African Development Prize to Wecyclers, a Lagos based waste management start-up. The Prize will allow Wecyclers...

Gumtree South Africa appoints new GM as Johan Nel moves to OLX Group

Gumtree South Africa has appointed Claire Cobbledick as General Manager replacing Johan Nel who has moved to OLX Group as its commercial Director: Asia,...

African entrepreneurs need to be obsessed with data & AI, says Cellulant’s R&D chief

2017 marked the launch of Jack Ma’s AliBaba Group eFounders initiative program, in partnership with United Nations Conference on Trade and Development (UNCTAD). This...

Accommodation booking site SleepOut goes to sleep and it might be for good

Launched in Kenya in May 2012, SleepOut.com was an accommodation booking site focused on Africa before Airbnb became known and commonplace on the continent. The...

Medical device startup nabs $1.2m for on-demand access to blood in Africa

Three billion dollars is spent on blood each year across Africa and yet there is a 50% shortage of the blood needed. Sisu Global, an...

PesaTalk To Close Shop | This Is What You Will Miss

  PesaTalk, a Kenyan web news startup founded in March 2012 might close shop the end of this month if no investor is found to...

Kenya’s BRCK acquires rival ISP Surf and parent company Everlayer

Kenyan Internet Services provider, BRCK, has acquired its rival Surf, in a move that makes it one of sub-Saharan Africa’s biggest public networks....

Inside Kenya’s Online Brothels

It’s a few past one in the morning. A man leaves a bar in Nairobi’s CBD to his car, parked safely a yard away....

New digital platform launches to allow cross-border remittances into Nigeria, Ghana, Kenya, Serria-Leone

The global average cost of sending remittances was at 7.2 percent in 2017 Q3, significantly higher than the SDG target of 3 percent.  According to...

In loving memory of Cladlight, a Kenyan motorcycle smart jacket startup

Founded by Joseph Muchene, a Certified Public Accountant – Kenya, and Charles Muchene, an Electrical and Electronics Engineer,  Cladlight wanted to develop a smart...

Angani co-founders officially fired | Business Back As Usual

Though hundreds of Angani clients are still offline, the firm has announced it has revived 95% of all their operations following a system outage...

This remittance firm has raised $20m Series C to simplify sending money to Ivory...

In a move to its users the freedom to send money whenever they want and how they want, this remittance firm, which has been...

A couple of lessons from a couple of failed African startups

Much as we would like to talk about the roses and daisies of the startup world, the funding rounds and bright futures, we still...

CEO Weekends: Are incubators really necessary for entrepreneurs?

By Yann LE BEUX – Catalyst CTIC Dakar It is not easy for most people to understand the daily job of supporting tech entrepreneurs in...

The Rise & Rise of Kenya’s Kopo Kopo

When M-Pesa launched in 2007, many Kenyans didn’t give a fuss about it, it was just a convenient money transfer service, more convenient than the services...

Struggling Rocket Internet’s Jumia Market Calls it a Day in Nigeria, Kenya & across...

UPDATED: Rocket Internet's online marketplace Jumia Market has called it a day and is no longer accepting new inventory in both Nigeria, Kenya and...

ionacloud and the mess conferences do to your unshipped product

ionacloud was never going to ship from day one, and everyone knew it but no one dared ask the team any real infrastructure questions...

African Development Bank, Nordic Development Fund and Partners launch Off-Grid Energy Access Fund with...

The Off-Grid Energy Access Fund (OGEF) had its first close on Thursday, 2 August 2018 with committed capital of US$ 58 million from the...

How to leverage tech to eliminate Intermediaries in the supply chain, drive efficiencies &...

  According to a survey by Brandshop in 2016, 90% of US consumers prefer to buy goods directly from the manufacturer if they could. Globally,...

Ampion raises funding from Plutos Ventures to launch Ampion Ventures, a fund for Africa-focused...

Africa-focused Ampion which had called it quits in 2017 has resurrected with a new partnership with Berlin-based Plutos Ventures Holding to...

Safaricom to launch Bonga, a WeChat clone to help take M-Pesa global and social

 WeChat is fueling a giant ecosystem in China. It has 902 million users daily, 806 million monthly users for WeChat Pay in 25 countries....