BasiGo secures $41.5M to drive Electric Bus expansion in Kenya and Rwanda

BasiGo Kenya, has successfully raised $41.5 million in Series A equity and debt funding.

Ride-hailing, but for travel. Uber targets tourism in new drive

The expansion extends beyond Europe. In Greece, it is expanding its Uber Boat service from Mykonos to Athens, Corfu, and Santorini. Visitors can book rides to beach clubs and lesser-known destinations, capitalizing on seasonal peaks in tourism, part of a broader goal to become a one-stop shop for tourists.

China’s billion-dollar Africa renewables soft power play

China’s growing involvement in Africa has taken a greener turn with its latest commitment being a $50 billion support for the continent’s energy transition.

Kenya wants attention in Africa’s drone industry

Kenya fancies its position as a major player in Africa’s taking-off drone space, having had efforts spanning healthcare, agriculture, and logistics.

Ghana warms up to regulating crypto

Ghana is gearing up to be one of the next African countries to formally regulate cryptocurrencies.

Stripe to soon allow US retailers to sell directly to Nigerians

Nigeria is one of the two markets where Stripe has begun to allow merchants to accept local payment methods without having to set up a local entity.

Nigerian fintechs resume customer enrollment after crackdown

Leading Nigerian fintechs, such as Kuda Bank, Moniepoint, OPay, and Palmpay, have resumed customer enrollment activities after a suspension period. This pause in new account registrations, which caused concern among users, was due to a directive from the Central Bank of Nigeria (CBN). The suspension aimed to curb unauthorized forex transactions and address compliance requirements, […]

inDrive avoids ban in Nigeria’s capital, secures licence

inDrive started offering rides in Abuja in March 2023 and quickly became popular, with users averaging 212 rides each in the first few months. 

Exclusive: Nigeria’s first women-only ride-hailing app, HerRyde, “hibernates” after a year

After a year of operation in Nigeria’s capital city Abuja, HerRyde, a women-only ride-hailing platform has “hibernated” to re-strategise and source for funding ahead of a near re-launch.

Chowdeck CEO talks $2.5M seed funding and the Nigerian food delivery market

Last year, Chowdeck onboarded Chicken Republic, West Africa's largest fast-food chain. This move has led to an increase in order volume of 250% on Chowdeck.

Sim Shagaya launches The Honey Badger Fund (HBF) to back African entrepreneurs

Sim is popular for pioneering the e-commerce movement in Nigeria through his company, Konga which he founded in July 2012. He raised about $80 million with Konga pre-2020 when capital was scarce in the African tech ecosystem.

Google AI Accelerator backs Famasi and 10 other African startups

The selected startups include three startups from Nigeria; Famasi Africa, Izifin and Vyz. Others are Avalon Health (South Africa), Chatbots Africa (Ghana), Dial Afrika Inc (Kenya), Fastagger Inc (Kenya), Lengo AI (Senegal), Logistify AI (Uganda), Garri Logistics (Ethiopia) and Telliscope (Ethiopia).