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    EASTERN AFRICA

    Kenyan President Withdraws Finance Bill Amid Deadly Protests

    Kenyan President William Ruto has announced his decision to withdraw a finance bill containing...
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    EASTERN AFRICA

    UPDATE: Kenyan Parliament Defies Protesters, Approves 16% VAT Increase in Finance Bill

    On Tuesday, parliament in Kenya passed the 2024 Finance Bill, despite widespread opposition from...
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    Ecosystem News

    Former Assistant Convicted in Grisly Murder of Gokada CEO Fahim Saleh

    Tyrese Haspil, the former assistant convicted of the 2020 murder and dismemberment of tech CEO Fahim Saleh, awaits sentencing in September. The trial revealed a tale of embezzlement, betrayal, and a premeditated plot to silence a witness.
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    Ecosystem News

    Launch Africa Ventures’ $100M Fund II Expands Portfolio with 16 African Startups

    Launch Africa, based in Mauritius, led African startup investments for consecutive years, averaging over one deal per week in 2022. Known for supporting market leaders like Kuda and MarketForce, the VC has diversified investments across pre-seed, seed, and Series A startups continent-wide.
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    Africa’s Startup M&A Enters a Harder, More Disciplined Phase

    One year after a record wave of buyouts, the deals look different
    Updates

    Does Africa’s Founder-CEO Exit Wave Have a Nigerian Accent?

    Femi Adeyemo’s departure from Arnergy is the latest in a procession of founder handovers. The numbers suggest Nigeria is the loudest theatre in a continental shift—but not the whole story.

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    Industry

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.
    Industry

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Latest articles

    Updates

    Africa’s Startup M&A Enters a Harder, More Disciplined Phase

    One year after a record wave of buyouts, the deals look different
    Updates

    Does Africa’s Founder-CEO Exit Wave Have a Nigerian Accent?

    Femi Adeyemo’s departure from Arnergy is the latest in a procession of founder handovers. The numbers suggest Nigeria is the loudest theatre in a continental shift—but not the whole story.
    Updates

    Egypt’s Non-Bank Lenders Get Another Year Behind a Regulatory Moat

    For institutions that had hoped to enter the market, the window remains closed.
    Updates

    Enza Capital Raises $21M to Back African AI as Venture Funding Retreats

    Pan-African venture firm reaches $21mn first close on Enza Capital III LP, betting that AI can narrow a funding gap that has left African AI rounds with a median size of just $1.9mn

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

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