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    EASTERN AFRICA

    EASTERN AFRICA

    New Insolvency Spree Sweeps Through Kenya’s Tech Scene Amid Funding Downturn

    From well-publicised insolvency proceedings to lesser-known cases, a wave of Kenya-based startups are increasingly choosing the tough route.
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    EASTERN AFRICA

    From Near-Closure to New Ownership: Kenya’s Mobius Motors Sold to Middle East Investors in Rescue Bid

    Alongside the acquisition announcement, Silver Box unveiled a leadership transition at Mobius.
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    EASTERN AFRICA

    Norfund Doubles Its $40M Investment in CrossBoundary Energy Two Years After

    In July 2022, CrossBoundary Energy announced the completion of a US$40 million equity investment from Norfund and KLP, Norway’s largest pension company.
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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.
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    Egyptian Venture Studio Aria Ventures Launches New Fund to Back Deep-Tech Startups

    The investment is designed to bridge the gap between scientific research and commercial applications, providing both capital and hands-on support to startups in their formative stages.
    Policy & Regulations Forum

    TymeBank Is Now South Africa’s Third-Largest Bank — But Scaling Further May Cost More Than It Can Afford

    TymeBank is now South Africa’s third-largest bank by customer base, serving over 11 million South Africans . But a big trouble is looming.

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    Djamo’s Fintech Crown Under Threat as Axian and Wave Target Its Prepaid Fortress

    For consumers, the choices are suddenly rich.
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    Nigerian B2B E-Commerce Startup Sabi Cuts 20% of Workforce in Major Restructuring Push

    In an official statement, Sabi framed the layoffs as a difficult but necessary step to align with its long-term strategy.

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    Updates

    Egyptian Venture Studio Aria Ventures Launches New Fund to Back Deep-Tech Startups

    The investment is designed to bridge the gap between scientific research and commercial applications, providing both capital and hands-on support to startups in their formative stages.
    Policy & Regulations Forum

    TymeBank Is Now South Africa’s Third-Largest Bank — But Scaling Further May Cost More Than It Can Afford

    TymeBank is now South Africa’s third-largest bank by customer base, serving over 11 million South Africans . But a big trouble is looming.
    Updates

    Ghana’s Complete Farmer Secures $2.5M EU Funding to Scale Agritech in Underserved Northern Regions

    Founded in 2017 by Ghanaian entrepreneur Desmond Koney, Complete Farmer operates a digital platform that connects smallholder farmers to global buyers and agricultural input vendors.
    Updates

    Nigeria’s PaidHR Raises $1.8M to Modernize Payroll and People Management Across Africa

    The new funding builds on a $500,000 pre-seed round closed in late 2022.

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