Jumia trims losses as cost-cutting efforts bear fruit
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Every company is enthusiastic about financial growth, and this is a moment of thrill for Africa’s e-commerce giant Jumia, as the company…
Innovative Ethiopian startup turns plastic waste into affordable housing solution
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An Ethiopian startup has made a groundbreaking move to tackles two pressing environmental issues simultaneously. The Ethiopian startup, Kubik, has then gone…
Egyptian HRTech startup - bluworks - raises $1m to streamline blue-collar workforce management
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Bluworks, an Egypt-based human resources technology (HRTech) startup, has secured $1 million in its pre-seed funding round. The investment was led by…
Kenyan Insurtech - Pula - raises $20m to expand farmer insurance across Africa
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Pula, a Kenyan insurtech startup, has secured $20 million in Series B funding to scale its innovative offerings to more smallholder farmers….
Nigerian fintech startup - Thepeer - shuts down; returns investor funds
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In a move considered rare for the African tech startup scene, Nigerian fintech company, Thepeer, has announced it is shutting down operations…
Kenyan electric bus maker - BasiGo - raises $3m to push expansion in East Africa
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BasiGo, a pioneering electric mobility startup based in Kenya, has secured $3 million in equity funding from French multinational CFAO Group. The…
Egyptian edTech startup - Sprints - raises $3m to expand its offerings
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Sprints, an Egyptian edtech company leveraging AI to bridge the tech talent gap, has secured $3 million in a bridge funding round…
Nigerian fintech startup - Zone - raises $8.5M to revolutionize payment infrastructure
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In a significant move that could reshape the payment landscape in Africa, Zone, a Nigerian fintech startup, has secured $8.5 million in…
Ilara Health secures $4.2m in funding to expand healthcare access in Kenya
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Ilara Health, a Kenyan healthtech startup, has raised $4.2 million in its pre-Series A funding round. The funding, according to the startup,…