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    EASTERN AFRICA

    EASTERN AFRICA

    Five Years in the Making: Ethiopia’s Startup Act Finally Becomes Law

    The Ethiopian Startup Proclamation defines a startup as a tech-based company less than three years old with annual gross revenues below 5 million birr (about $38,000 at today’s exchange rate).
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    EASTERN AFRICA

    Kenya’s Peach Cars Raises $11M to Build Africa’s Most Trusted Used Car Marketplace

    Founded in 2020 by Kaoru Kaganoi and co-founder Zachary Petroni (former Safeboda Kenya operators), Peach emerged from years of lived experience in sub-Saharan Africa.
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    EASTERN AFRICA

    Shell- and USAID-Backed SolarNow Forced Into Liquidation After $20M+ Funding

    The company’s shareholders have resolved to wind up the firm via a creditors’ voluntary liquidation.
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    EASTERN AFRICA

    The Eerie Reality of Twiga Foods’ ‘Project Easter’: Denials Fade as Layoffs and ‘NewCo’ Now Expose Hidden Plan

    Publicly, Twiga describes the move as a routine corporate alignment. Internally, however, the restructuring appears more complex.
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    Zipline Chases US Scale With Fresh $200M as Sovereign Debt Strains African Network

    Zipline's foundational public health operations in Africa are showing severe strain under the weight of unpaid government contracts.
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    Apis Logs $1B in Gains as iKhokha and Baobab Deals Heat Up African Fintech 

    "We engage with buyers before we invest."

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    Moniepoint Rides Wave of Nigerian Fintech Consolidation as Venture Funding Retreats

    While Orda currently operates in Nigeria and Kenya, this acquisition only covers its Nigerian operations, leaving the future of its Kenyan arm undecided.
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    From Kiosks to Cloud: The Tech Stack That Made GoTyme Bank Africa’s First Profitable Neobank

    South African digital lender GoTyme Bank — recently rebranded from TymeBank to align with its global parent company .

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    Zipline Chases US Scale With Fresh $200M as Sovereign Debt Strains African Network

    Zipline's foundational public health operations in Africa are showing severe strain under the weight of unpaid government contracts.
    Partner Content

    Apis Logs $1B in Gains as iKhokha and Baobab Deals Heat Up African Fintech 

    "We engage with buyers before we invest."
    Partner Content

    Egypt’s Telda Abandons the Unbanked to Chase Egypt’s Consumer Credit Boom

    Startup backed by Sequoia Capital abandons original focus on the unbanked to build a vertically integrated financial group.
    Updates

    South African Fintech Littlefish Secures $9.5M Series A, Moves Past Founder Legal Dispute

    The round was led by global tech investment firm Partech, with participation from development finance institution Proparco.

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