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    AfDB African Startups

    Ghana’s Tendo Expands into Offline Retail with Acquisition of Shopa, Rebrands as Tendo Retail

    Currently, FMCG products make up over 30% of Tendo's sales volume, and the company sees this figure growing as it capitalizes on Shopa's established network of FMCG distributors.

    Kenya’s Mobius Motors Clears Short-Term Debts, Positions for Potential Resurgence

    The debt-free short-term position, combined with a recent acquisition bid, signals a potential turnaround year for Mobius as it seeks a path to long-term sustainability.
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    Ghana’s Tendo Expands into Offline Retail with Acquisition of Shopa, Rebrands as Tendo Retail

    Currently, FMCG products make up over 30% of Tendo's sales volume, and the company sees this figure growing as it capitalizes on Shopa's established network of FMCG distributors.

    Kenya’s Mobius Motors Clears Short-Term Debts, Positions for Potential Resurgence

    The debt-free short-term position, combined with a recent acquisition bid, signals a potential turnaround year for Mobius as it seeks a path to long-term sustainability.

    French Bank’s African Fintech Arm YUP Leaves Investors with Over $8M Loss Post-Liquidation

    Originally launched in 2017 across seven African countries, including Côte d’Ivoire, Senegal, Burkina Faso, Guinea, Ghana, Madagascar, and Cameroon, YUP was Société Générale’s attempt to penetrate Africa’s fast-growing mobile payments market.

    Africa’s Billion-Dollar Dream: Who Will Lead the Next Unicorn Wave?

    By the time they reach unicorn status, most African startups have extended beyond their home markets.