The core innovation of Zeno is its swappable lithium-iron-phosphate (LFP) battery. Drivers can swap out depleted batteries at strategically located stations rather than waiting for them to recharge.

As Safaricom prepares to roll out the IHTS, Kenyan health-tech startups are grappling with the potential impact.

The research firm also noted that Swvl has only $2.9 million in cash remaining, down from $9.1 million at the beginning of 2023.

The launch of Unconventional Capital also signals a strategic shift within Uncap. The fund will operate independently from Uncap’s proprietary technology platform, “Level,” a recently launched SaaS tool designed to streamline investment management for funders and accelerators across Africa.