The Khenissi brothers, both of whom have backgrounds in global banking and technology, saw an opportunity to address the complexities of cross-border money transfers.

The Ministry of Transport & Logistics (MoTL) has flung open the doors to its long-insulated logistics sector, inviting foreign investors to hold a full 100% ownership in logistics companies.

Thanks to a new partnership with mobile payment platform Zapper, Luno customers can now use cryptocurrencies to make transactions at over 31,000 merchants nationwide.

While the fund’s primary focus is on Kenya and Nigeria, it has already backed companies with operations in a diverse set of countries, including Côte D’Ivoire, Ghana, Madagascar, Senegal, South Africa, Sierra Leone, and Zambia.

This preference for foreign-based crowdfunding platforms speaks to the challenges local ones face in meeting the needs of fast-growing startups.

Through its wide network across 47 African countries and beyond, AGL aims to be at the forefront of technological transformations in the continent’s logistics space.

The round was led by Equitane (formerly known as the Africa Transformation and Industrialization Fund: ATIF), alongside contributions from Morgan Stanley Inclusive Ventures Lab, Silverbacks Holdings, and a network of angel investors.

The timing of GoMyCode’s transition into an accredited university comes as the global education sector faces increasing uncertainty due to advances in artificial intelligence (AI).

Global Ventures has previously made notable investments in a variety of African startups, including Kenya's Ilara Health, Egypt's Paymob, Nigeria's Moniepoint. Others include Helium Health, Metro Africa Xpress Inc. (MAX), Elmenus…

The $700,000 in pre-seed funding will allow Scale to accelerate its market entry into three African nations, where the company aims to enable fintechs and other businesses to offer payment solutions that are otherwise challenging to deploy.

Lesaka’s acquisition of Adumo was valued at approximately ZAR 1.67 billion ($96.2 million).

The Digital Nomad Work Permit promises remote workers from across the globe the opportunity to live and work in Kenya.