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    EASTERN AFRICA

    DOB Equity Backs Water Filter Startup in Strategic Shift After Portfolio Setbacks

    Karen Serem Waithaka, who took over as CEO of DOB Equity last year, is leading the fund’s new direction.

    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.

    Emerging Startup Funds for Africa: Who’s Writing the Biggest Checks in 2025?

    If you run a venture focused on Africa, here’s a comprehensive list of the latest startup funds targeting African startups in 2025.

    Acumen Invests $5M in d.light to Expand Clean Energy Access Across East Africa

    d.light allows customers to pay for solar products in installments, making them more affordable.
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    Baobab Network Kicks Off New Investment Round Backing Nigeria’s CreditChek

    Baobab Network’s backing reflects confidence in CreditChek’s ability to replicate the success of solutions like Nova Credit, which has tackled similar challenges for immigrants in the U.S.

    Egyptian Fintech Raseedi to Offer 5-Minute Loans After Kashat Acquisition Deal

    Raseedi currently boasts 120,000 monthly active users and aims to increase this figure to 1.5m within six to eight months.

    From Remittances to Deposits: Mukuru Launches Banking Operations in Zimbabwe

    Remittances from the Zimbabwean diaspora reached $1.9 billion between January and September 2024, a 16.5% increase compared to the same period in 2023.

    Latest articles

    Baobab Network Kicks Off New Investment Round Backing Nigeria’s CreditChek

    Baobab Network’s backing reflects confidence in CreditChek’s ability to replicate the success of solutions like Nova Credit, which has tackled similar challenges for immigrants in the U.S.

    AfDB Backs New Funding Deal Targeting Battery-Energy Solutions in Africa

    The anchor commitment from PIDG was made through InfraCo, its investment arm, with concessional capital provided by PIDG Technical Assistance.

    Local Scores to Settle: Glovo Faces Rising Heat from Rival in Morocco

    The inquiry is not limited to Glovo’s market conduct.