In October last year, Sendy, a Kenyan logistics scale-up, wound up its supplies service, which enabled retailers to purchase FMCGs directly from manufacturers, saying it was directing all its focus […]
africa
Trending topics and news from the africa category
Back to news homeJumia’s investors rethink their stakes — for better and worse
Baillie Gifford, the Edinburgh-based asset management firm long known to have a penchant for pre-IPO tech companies, has reduced its shares in African e-commerce giant Jumia, per the latest 13G/A filing […]
Dubai-based accounting and financial compliance startup, Wafeq, raises $3M
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. […]
Questions linger over Facebook, Twitter, TikTok’s commitment to uphold election integrity in Africa, as countries head to polls
A dozen countries in Africa including Nigeria, the continent’s biggest economy and democracy, are expected to hold their presidential elections next year, and questions linger on how well social media […]
Egypt’s SideUp raises $1.2M to grow its e-commerce support platform
After four years operating primarily as a logistics marketplace, Egypt’s Voo has rebranded to SideUp and transformed its strategy to offer a complete spectrum of e-commerce support services, including payment […]
Africa’s tech talent accelerators attract students, VC funding as Big Tech comes calling
Tech giants are increasingly looking for tech talent in Africa, where the number of developers reached 716,000 last year, up 3.8% from 2020, according to Google. In the last six […]
Seven scaleups hog over 70% of funding to Africa’s solar pay-go ventures
Over the last 10 years startups in Africa’s off-grid solar sector have attracted over $2.3 billion in funding. However, the largest share of the financing has gone to just seven […]
In Global Slowdown, China Holds Sway Over Countries’ Fates
BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts.As Pakistan has struggled to cope with […]
Where is Y Combinator startup-hunting in 2022?
Digging into the latest accelerator with an asterisk cohort Like the startup ecosystem itself, accelerators change with time. Techstars has expanded to a network of programs, to pick one example. […]
Here’s where YC’s latest batch of founders are placing fintech bets
Y Combinator’s latest cohort of founders have opinions on the future of fintech. One-fifth of the accelerator’s Summer 2022 batch, which spans 240 companies, is working on solving issues in […]