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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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    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.
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    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.

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    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
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    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.

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    Updates

    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.
    Updates

    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.
    Updates

    Britain’s Founder Visa Alternative Brings South African Fintech Float to the UK

    Card-linked instalment platform aims to unlock £250bn in unused credit card limits with backing from government programme
    Updates

    Bridgement Lands $20.3m as South Africa’s Banks Double Down on AI Lending

    South African fintech secures backing from two of the country's largest lenders to tackle a chronic funding gap for small businesses.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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