Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.
Dubai-based mobility group reports 59% revenue growth but remains lossmaking and cash-burning, with an August fundraising set to roughly double its share count
Savings co-ops now manage $9.3bn for nearly 8 million members, but behind the shiny USSD menus lies a system where automated debt collection masks a total breakdown in back-office accountability.
The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.
The collapse of Kenya's largest clean-cooking company is blamed on a government refusal to authorise carbon credit sales. A court ruling in Nairobi shows that a competition inquiry into its main supply contract was running alongside that dispute.
Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.