Latest from Annie Njanja
Two of Africa’s largest B2B e-commerce platforms, MaxAB and Wasoko, in merger talks
Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from…
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, and as some observe conscious consumption. With the global re-commerce market…
Kenyan insurtech Lami Technologies in February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into…
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 led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group, SEEDRA…
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 in a seed funding round led by Salesforce Ventures and the Female Founders Fund.…
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 second fund with the backing of private investors, including French…
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, Saviu Ventures, AAIC Investment, Axian Ventures and CFAO’s Health54 to spur its growth…
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, backed by Samurai Incubate (a Japanese VC that also participated in the…
Flutterwave cleared as Kenyan court okays agency’s request to withdraw second case
African fintech Flutterwave is off the hook in Kenya after the high court allowed the country’s Asset Recovery Agency (ARA), an agency that investigates and recovers proceeds of crime, to…
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 have fueled leading to over 600,000 deaths and…
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 country, has made a $40 million multifund commitment to anchor Pan-African…
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 early stages of launching a social commerce spinout. TechCrunch…
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 digital media, driven by the rising usage of apps like WhatsApp, TikTok and…
LeapFrog’s new fund to double down on financial and healthcare sectors in Africa and Asia
LeapFrog Investments, a private equity firm that is keen on the financial and healthcare sectors, plans to raise $1 billion for a new fund targeting businesses in “global growth markets,”…
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 Africa, over a labor dispute before a Kenyan court have collapsed. This…
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 in seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while…
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 project, Worldcoin, in the East African country, has recommended for it to be shut…
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-native architectures and containerization continues. In terms of security, this can mean…
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 startups without in-house finance teams, and VCs looking to run financial health…
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 of reach for them.
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 continues to push for the adoption of electric vehicles. Roam (formerly…
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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 credit protocol, have agreed on a loan restructuring plan that may lead to the recovery of the $5 million loan that the East African motorcycle taxi financing company defaulted months ago. Warbler Labs arrived…
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 orders and store their assets. This explains why some decentralized crypto exchanges…
Catalyst Fund reaches first close to back climate-tech startups in Africa
The Catalyst Fund has reached the first close of its $40 million fund intended for investment in climate startups in Africa. The fund announced today an initial close of $8.6…
Kotani gets $2M pre-seed to help African workers send money home via crypto — without the internet
Of the many lofty promises of cryptocurrency, one of the most commendable ones is its potential to bring financial inclusion to underserved users. Nairobi-based Kotani Pay is a crypto payments…
Satgana appoints Anil Maguru as partner to back climate-tech startups in Europe, Africa
Europe-based climate-tech VC Satgana has appointed Anil Maguru, formerly an investment director at the firm, as its newest partner. Satgana, which emerged out of stealth last year, invests in climate…
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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-lens” funds like Alitheia IDF exist to bridge. Alitheia IDF was co-founded by Tokunboh Ishmael and Polo Leteka in 2015 as a private equity fund to back the often marginalized founders. Through…
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, have agreed to settle the case out of court. The 184 moderators have…
The competition regulator in Kenya has given Moniepoint Inc. the green light to acquire Kopo Kopo, a Kenya-based company offering payments services and credit to businesses. Following the approval by…
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 capital harder to raise, and forced venture-backed companies to scale down their…