Johnstone Kpilaakaa

South African home cleaning company, SweepSouth pauses operations in Nigeria and Kenya

South African home cleaning company, SweepSouth has indefinitely paused its operations in Nigeria and Kenya.

LoftyInc Capital closes third fund at $14.3 million

Pan-African VC firm, LoftyInc Capital Management has closed its LoftyInc Afropreneur Fund 3 (LAF3) at $14.3 million.

Twitter’s Africa HQ employees ask Elon Musk to obey Ghana’s labour laws

Former employees of Twitter in Africa have accused Elon Musk of flouting Ghana's labour laws following the mass layoff at the Accra-based office.

Autochek launches fintech arm to accelerate vehicle financing in Africa

Autochek has launched a financial services arm to focus on providing a range of vehicle financing solutions for consumers and businesses in Africa.

Kenya wants to regulate and tax the crypto industry

Amidst the global crypto market downturn, Kenya wants to regulate and also tax its crypto industry.

BD Insider, Letter 138: Where FTX invested in Africa

In BD Insider, Letter 138, we examine the African startups funded by FTX and Alameda Research and Why Google is restricting illegal loan apps in Nigeria and Kenya.

Why Jumia is suspending its loyalty subscription offering

African e-commerce company, Jumia has suspended Jumia Prime, a subscription-based delivery service providing customers with free shipping on its marketplace.

Twiga Foods lays off 21% of its employees

Twiga has laid off 211 of its full-time employees as a result of restructuring. This has eliminated the startup’s in-house sales team.

Inside IFC’s $225M fund for early-stage startups in Africa, Central Asia and the Middle East

The International Finance Corporation (IFC) has launched a $225 million venture capital fund to support early-stage startups in Africa, the Middle East, Central Asia and Pakistan.

Paystack is now a licensed Payment Service Provider in Kenya

The Central Bank of Kenya has authorised Paystack to operate as a Payment Service Provider in Kenya.

How CBN intends to protect Nigerians in unbanked areas amidst Naira redesign

Ahead of the circulation of the new Naira notes, the Central Bank of Nigeria has disclosed that agency bankers have been accorded priority to enable cash collections in unbanked areas.

Meet the Africans in YouTube Black Voices Fund music class of 2023

Ahead of 2023, YouTube has named 40 Black musicians across the world, including six Africans as part of the music class of 2023.