IT総合 Amazon Prime Video is discontinuing support for local originals in Africa and Middle East
Amazon Prime Video is said to be downsizing its Africa and Middle East operations in a move that will affect teams in th...
Annie Njanja
IT総合 IT総合 Homegrown African VCs emerge to fill in the gaps foreign investors cannot
The African startup scene is expanding beyond the traditional markets of Egypt, Kenya, Nigeria and South Africa, with ac...
IT総合 Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups
Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investme...
IT総合 Last year was a tough period for African growth stage startups and 2024 presents mixed bag
Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), br...
IT総合 Re-commerce marketplace Soum gets $18M backing to scale in MENA
The global re-commerce market is poised for growth as consumers increasingly settle for pre-owned goods to save on cost,...
IT総合 Kenyan insurtech Lami’s bid to acquire Bluewave collapses
Kenyan insurtech Lami Technologies February last year announced its acquisition of Bluewave, another startup within the ...
IT総合 Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M
Supply chain and e-commerce enablement startup, Omniful, has today emerged from stealth with $5.85 million seed funding ...
IT総合 Salesforce Ventures and Female Founders Fund back Kenyan climate-tech Amini in $4M seed round
Amini, a Kenya-based climate-tech startup bridging the environmental data gap in Africa, has raised $4 million seed fund...
IT総合 Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups
Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its sec...
IT総合 Cameroonian healthtech Waspito gets $2.5M seed extension to scale, tap offline patients
Cameroonian health startup Waspito has secured a $2.5 million seed extension from DP World through Newtown Partners, Sav...
IT総合 Online grocery startup Pricepally to expand in Nigeria backed by $1.3M funding
Pricepally, a Nigerian online grocery store for fresh produce and packaged food, has raised $1.3 million seed funding, b...
IT総合 Meta pressed to compensate war victims amid claims Facebook inflamed Tigray conflict
Meta is facing growing calls to set up a restitution fund for victims of the Tigray war, which Facebook is alleged to ha...
IT総合 Japan’s SBI Holdings commits $40M to anchor Novastar Ventures future funds
SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian ...
IT総合 MarketForce exits three markets, set to launch a social commerce spinout
Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the ...
IT総合 Sukhiba eyes expansion to power WhatsApp conversational commerce in Africa
The social commerce market size in Africa is expected to continue growing as businesses and micro-entrepreneurs embrace ...
IT総合 LeapFrog to double down on financial and healthcare sectors in Africa and Asia with the new fund
LeapFrog Investments, a private equity firm that is keen on the financial and healthcare sectors, plans to raise $1 bill...
IT総合 Meta negotiations with moderators in Kenya over labor dispute collapse
Out of court negotiations between content moderators, Meta and Sama; the social giant’s former content review partner in...
IT総合 Zest Equity, a UAE-based startup digitizing private market deals, raises $3.8M seed funding
UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more ...
IT総合 Kenyan legislative committee calls for Worldcoin shutdown in the country
A Kenyan parliamentary committee formed in August to investigate operations and activities of Sam Altman’s crypto projec...
IT総合 KSOC says it’s tackling cloud-native security in a way that is Kubernetes-first
The take-up of Kubernetes, a tool for managing containerized workloads, is only expected to increase as demand for cloud...
IT総合 South Africa’s FinanceGPT simplifies financial analysis, set to interface in local languages
FinanceGPT is a generative AI startup built to help companies in their financial analysis tasks. Initially built for sta...
IT総合 Kenyan fintech FlexPay is helping shoppers save for future purchases
FlexPay Technologies is a Kenyan fintech out to enable consumers to afford products that would have otherwise been out o...
IT総合 Roam unveils new EV bus model to tap Kenya’s mass transit sector
Kenya-based EV startup Roam has unveiled a new shuttle bus model dubbed Move, coming as the East African country continu...
IT総合 Tugende takes first step towards repayment of defaulted $5M Goldfinch loan
Tugende, a venture-backed lender based in Uganda, and Warbler Labs, the company building Goldfinch, a decentralized cred...
IT総合 Brine Fi challenges Coinbase, Binance with decentralized exchange as it nets Pantera-led $16.5M round
After the collapse of FTX, crypto traders have been looking for decentralized, non-custodial and safer ways to execute o...
IT総合 Catalyst Fund reaches first close to back climate-tech startups in Africa
The Catalyst Fund by BFA Global has reached the first close of its $40 million fund intended for investment in climate s...
IT総合 Why PE firm Alitheia is banking on women in Africa
African women-founders find it incredibly hard to raise capital from private markets, and even banks, a gap that “gender...
IT総合 Meta and moderators agree to mediation on labor dispute
Content moderators suing Meta and its former content review partner in Africa, Sama, for alleged unlawful dismissal, hav...
IT総合 Moniepoint cleared to acquire Kenyan fintech Kopo Kopo
The competition regulator in Kenya has given Moniepoint, the Nigerian fintech that provides business payments and bankin...
IT総合 Twiga lays off 33% of its staff, disbands in-house delivery and introduces logistics marketplace
Twiga will conduct another round of layoffs to keep its business afloat amid macroeconomic headwinds that have made capi...