Startups

Proparco Grants Loan To Rubyx To Speed Up Development

Rubyx CEO says Proparco's backing will help speed up implementation of digital lending solutions

Starlink Flags Off Operations In Zimbabwe

Elon Musk-owned satellite company continues to make inroads into Africa

Flutterwave Appoints New CFO Nine Months After Former CFO Resigns

Mitesh Popat Replaces O'Neal Bhambani as Chief Financial Officer

NALA Expands Its Operations in Uganda After Acquiring IMTO License

Tanzanian FinTech Startup, NALA Follows in Flutterwave's Market Entry as it obtains a Money Remittance License in Uganda

Kenyan E-Commerce Startup Chpter Raises $1.2 Million in Pre-seed Funding

Chpter's Acceptance into Norssken and Safaricom Park Accelerator Programs May Have Strengthened Closing Pre-seed Deal

Transportation Startup LULA Acquires Zeelo’s South African Branch

LULA has taken over the South African branch of the US-based staff bus-sharing startup Zeelo in an acquisition of undisclosed amount. LULA is a ride sharing platform dedicated to serving...
Lula-Zeelo Merger

Kredete Raises $2.25M In Seed Funding To Help African Immigrants Make Payments

Kredete, a Nigerian financial software platform has raised US$2.25 million in seed funding to help it further scale across the continent. Having already built a presence in up to 20...

Rwanda’s Ampersand Secures Added $2 million in Equity and Debt Funding

AHL Venture Partners and Everstrong Capital provide new funding for Ampersand
Ampersand Motorists

Flutterwave Secures Bank of Uganda License to Empower Seamless Payments

Flutterwave gets major boost to its operations in Uganda as it finally secures a Payment Systems Operator (PSO) license from the Bank of Uganda. This will enable businesses in the...

IHS Towers Lays Off 100 Employees as Profit Margins Decrease

Currency devaluation results in $1.9 billion in losses in the 2023 fiscal year