Africa: Jumia's Q1 Earnings Report Continues to Show Falling Losses, Slow Growth

African e-commerce giant Jumia today shared its earnings for the first quarter of 2021 that ended in March. While its customer count grew, a drop in the company's revenues spoke to… Read more »

Africa: The Motorcycle Ride-Hailing Wars in Nigeria and Uganda Is Safeboda's to Lose

SafeBoda's entry into an overlooked Nigerian city seems to be paying off Read more »

South Africa: Paystack Expands to South Africa Seven Months After Stripe Acquisition

Nigerian fintech startup Paystack has been relatively quiet since it was bought by fintech giant Stripe last October. The deal, worth more than $200 million, caused shockwaves to… Read more »

Africa: Payments, Lending and Neobanks Rule Fintechs in Emerging Markets, Report Says

Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Read more »

Africa: Kenya's Lami Raises $1.8m to Scale API Insurance Platform Across Africa

Africa's insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded,… Read more »

Africa: Riot Games and Konvoy Ventures Back Games Publisher Carry1st in $6m Series A

Africa is the last frontier for basically anything. Mobile gaming is no exception. For a continent that is home to more than 1 billion millennials and Gen Zers, mobile gaming has… Read more »

Africa: Google to Offer 40,000 Developer Scholarships in Africa - Continues Accelerator Program

Google today announced the launch of 40,000 new developer scholarships in Africa. Google will offer the scholarships -- created in partnership with tech talent companies… Read more »

Africa: YC-Backed Kidato Raises $1.4m Seed to Scale Its Online School for K-12 Students in Africa

In public schools across Africa, classrooms are often overcrowded and this affects how teachers and students interact. The large classroom creates too much work for teachers… Read more »

Africa: Founders Factory Africa Partners With Small Foundation to Invest in 18 Agritech Startups

Johannesburg-based investment company Founders Factory Africa (FFA) today announced a partnership with Small Foundation that will see it select 18 agritech startups for an… Read more »

Niger: Nigerian Fintech Okra Raises $3.5m Backed By Accenture Ventures and Susa Ventures

The last five years have seen a plethora of fintech applications in Nigeria (and Africa, in general) grow at an astonishing rate. But most of these companies and developers find it… Read more »

Africa: Andela Begins Global Expansion in 37 Countries Months After Going Remote Across Africa

More than a year after the pandemic began, remote work shows no signs of going away. While it has its cons, it remains top of mind for potential employees around the world before… Read more »

Africa: Japanese VC Samurai Incubate Closes $18.6m Fund for African Startups

Samurai Incubate, a Tokyo-based venture capital firm, announced today it has closed its "Samurai Africa 2nd General Partnership" fund, totalling 2.026 billion yen (~$18.6 million). Read more »

South Africa: Health Firm Operates Hospital-At-Home Service

For a continent with such stark inequality, Africa has seen limited innovation to increase access to healthcare and reduce healthcare delivery costs. Over the years, there has been… Read more »

South Africa: Why South Africa-Based Car Subscription Company Planet42 Is Going Carbon Neutral

Since ride-hailing companies like Uber and Bolt disrupted the transportation industry, one of the thorns on their sides has been traffic congestion and pollution. Research has… Read more »

Africa: Nigerian Fintech Appzone Raises $10m for Expansion and Proprietary Technology

Africa's fintech space has gained proper attention over the past few years in investments but it is not news that startups still battle with offering high-quality products.… Read more »

Nigeria: Nigeria's SEC Warns Investment Platforms to Stop Trading 'Unregistered' Foreign Securities

In a circular released by Nigeria's capital market regulator SEC today, investment platforms providing access to foreign securities might be treading on dangerous grounds. Read more »

Egypt: Egypt's Paymob Closes $18.5m Series A to Expand Payments Services Across Mena

While Nigeria and Kenya have been at the forefront of African fintech innovation, activities in Egypt are beginning to shape up nicely. Right now, Egypt is home to a burgeoning… Read more »

South Africa: Aerobotics Startup Raises $17m to Scale Its Ai-for-Agriculture Platform

As the global agricultural industry stretches to meet expected population growth and food demand, and food security becomes more of a pressing issue with global warming, a startup… Read more »

Africa: Umba, a Digital Bank for Emerging Markets, Raises $2m Seed Funding to Expand Across Africa

Umba, a digital bank for emerging markets and aiming first at Africa, has secured a $2 million seed funding round from new investors including Lachy Groom, ex-Head of Issuing at… Read more »

Africa: African Fintech Startup Chipper Cash Raises $30m Backed By Jeff Bezos

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions -- the personal VC… Read more »

Africa: Sote Wants to Be Africa's Shipping Logistics Gateway

The twenty-first century could be a period of unprecedented economic growth and social change for the African continent, which is poised for explosive change -- but much of that… Read more »

Nigeria: Stripe acquires Nigeria's Paystack for $200M+ to expand into the African continent

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services… Read more »

Africa: Bringing Micromobility to Africa

When you look at maps of micromobility across the world, it appears there's not a ton of activity throughout Africa. Well, that's because there's not, Gura Ride founder and CEO… Read more »

Africa: One Week Until We Discover the Future of Transportation At TC Sessions - Mobility

Were you Born to be Wild? Then get your electric motor running, head out on the virtual highway to look for adventure, because we're just one week away from TC Sessions: Mobility… Read more »

Africa: Femtech Poised for Growth Beyond Fertility

The market for female-focused health products (aka 'femtech') is set for growth via segmentation, per an analyst note from PitchBook which identifies opportunities for… Read more »