Johnstone Kpilaakaa

Kwara secures $3M seed extension, to digitise more Kenyan credit unions

Kenyan fintech, Kwara has secured a $3 million seed extension to digitise more credit unions in the East African country.

BD Insider, Letter 145: USSD in Nigeria, M-Pesa in Kenya, who should pay?

Read our analysis on the Safaricom lawsuit by a Kenyan on M-Pesa charges, alongside our report on Ethiopia's internet shutdown woes and MTN Ghana's $773 million tax fine.

Meet the African startups in YC 2023 winter batch

These African companies are participating in Y Combinator's 2023 winter batch.

Facebook’s Africa partner, Sama quits content moderation operations

Sama, Facebook's largest content moderator has discontinued its services for the social media company.

Flutterwave wants to acquire UK fintech, Railsr

Global payments company, Flutterwave wants to acquire Railsr, a UK-based fintech company, according to Sky News UK.

Catalyst Fund invests $2M into 10 African cleantech-focused startups

Catalyst Fund has invested $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change.

Starting February 2023, Google will charge 16% VAT on ads in Kenya

Starting February 2023, Google will charge Kenyan users a 16% VAT on ads following local tax regulations.

Jetstream secures $13M pre-series A to power cross-border logistics services in Africa

Ghana-based e-logistics company, Jetsream has secured $13 million pre-series A to power cross-border logistics in Africa.

BD Insider, Letter 144

Letter 144 features African startups, Shekel Mobility and Rollstack in YC Winter 2023 batch, Releaf's $3.3M pre-series A, Ghana's e-pharmacy platform (GNEPP) and more.

Releaf secures $3.3 million pre-series A, launches Kraken II and SITE

Nigerian agritech, Releaf has secured $3.3 million pre-series A funding and has launched two new technologies to drive profitability for consumer goods manufacturers

BioNTech acquired Tunis-born AI startup, InstaDeep for $680 million

The acquisition of InstaDeep supports BioNTech’s strategy to build world-leading capabilities in AI-driven drug discovery.

Why African millennials and Gen Z invest in US stocks despite the bear market

Despite the downturn in the US economy, a 2022 report by Bamboo revealed why Nigerian retail investors have continued to invest in stocks in the bear market.