More
    HomeEcosystem NewsEASTERN AFRICA

    EASTERN AFRICA

    Tanzanian Fintech Nala Raises $40M Series A for Global Expansion

    This $40 million funding round marks a pivotal moment for Nala. It will enable us to go beyond remittances and extend our reach beyond Africa, building a robust payments ecosystem

    Launch Africa Investment Series: Rwanda’s Viebeg Joins the List

    The funding round also saw participation from several renowned co-investors, including Johnson & Johnson, Sanofi, Beyond Capital Ventures, Angaza Capital, and others.

    Copia Kenya Joins Parent Company in Liquidation, Leaving E-commerce Dreams Void

    The company raised over $100 million in funding while it existed.

    Kenya’s Farm to Feed Secures New Funding to Combat Food Waste in Sub-Saharan Africa

     CityBlue Hotels, a prominent African hospitality chain, has announced a significant investment in Kenyan...
    spot_img

    Keep exploring

    Ethiopian Founder Sells AI Authentication Startup to Vercel a Year After $5m Round

    Bereket Engida's Better Auth, an open-source tool popular with AI developers, has been acquired by the US software group.

    Meet the 15 Startups Renew Capital Is Backing to Build Africa’s Next Lenders

    The 15 companies, which hail from 10 countries including Ghana, Nigeria, Kenya, South Africa, Morocco and Senegal.

    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval

    From Tax Bots to Farm Finance, Hyper-Local AI Is South Africa’s New Battleground

    In an ecosystem often criticised for importing foreign business models, this wave of localised AI, built on proprietary, hard-to-replicate datasets, represents a native competitive advantage.

    Latest articles

    Ethiopian Founder Sells AI Authentication Startup to Vercel a Year After $5m Round

    Bereket Engida's Better Auth, an open-source tool popular with AI developers, has been acquired by the US software group.

    Meet the 15 Startups Renew Capital Is Backing to Build Africa’s Next Lenders

    The 15 companies, which hail from 10 countries including Ghana, Nigeria, Kenya, South Africa, Morocco and Senegal.

    PAPSS Inches Closer to Continent-Wide Coverage as Central African Central Bank Joins

    Bank of Central African States' decision brings six CEMAC countries into pan-African payment network.

    Nigeria Launches Hunt for VC Manager to Run $50m Japan-Backed Startup Fund

    The fund will target pre-seed to pre-Series A startups operating across agriculture, healthcare, education, energy, and waste and water management.