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    EASTERN AFRICA

    EASTERN AFRICA

    BasiGo Secures $42M to Electrify Public Transport in Kenya and Rwanda

    The Series A equity round was led by Africa50, a pan-African infrastructure investment fund, marking a major milestone as the largest investment by an African fund in an electric mobility company.
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    Venture Capital & Funding Sources

    Egypt’s Sawari Ventures Targets West and East African Startups in New $200M Fund

    Approximately 70% of the total fund, or about $140 million, is earmarked for investments within Egypt over the next four to five years.
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    Ecosystem News

    Lapaire Raises $3.2M for Eye Care Expansion Across Africa

    This latest investment follows a previous funding round in January, where Lapaire secured $3 million to bolster its growth.
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    EASTERN AFRICA

    “We Succeeded in Acquiring the Tech Back” — iProcure Co-Founder Reflects on Journey Post-Administration

    "We had to employ executives who took stock options and were paid four times our salary for something we spent eight years building."
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    Morocco’s Done.ma Raised $2M to Challenge Glovo. Now It Faces Bankruptcy Speculation

    The Rabat-based super app's mobile application is unavailable and the company has not communicated publicly for several days.
    Partner Content

    AI-First Telcos Will Lead the Race in Africa

    Author: Kitso Lemo, Associate Director, TMT Practice at Boston Consulting Group (BCG)

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    Hard Talks

    ‘Timing Is Critical’: How a Pandemic Almost Killed Weego and Accidentally Built Its B2B Engine

    "We learned from the experience of players like Swvl."
    Policy & Regulations Forum

    Ghana Bans Local Financial Institutions From Backing Crypto-Linked Dollar Accounts

    For IMTOs, the July 31 deadline is final.
    Updates

    Ex-ZOLA and Fenix Exec Closes First Dedicated Climate Tech Fund for Southern Africa

    The Southern Africa-focused climate tech investor has closed its first fund, backing ten companies across e-mobility, circular economy and energy access
    Partner Content

    Africa’s Electric Mobility Pioneers Turn to Operators in Race for Profitability

    The sector has attracted unprecedented capital.

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