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BD Insider 210: Where is Starlink active in Africa?

Elon Musk is in the news for Starlink's expansion to Benin Republic and outstanding severance payment at the defunct Twitter Africa office

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BD Insider 209: Multichoice hikes prices by 19% in Nigeria

Starting this Monday, the subscription prices will be higher than before.

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African governments turn to low-cost smartphone production to drive access

Kenya, Zambia, and other African nations are establishing smartphone manufacturing facilities to improve affordability.

Fintech

Norrsken22 raises $205 million to back African fintech and edtech startups

Pan-African venture capital firm, Norrsken22 has closed its $205 million Africa Tech Growth Fund to back fintech, edtech and healthtech startups.

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BD Insider 208: Chargeback fraud costs Interswitch ₦30 billion in losses

₦30 Billion chargeback fraud hits Interswitch. We also covered Tizeti's plan to expand broadband penetration in Nigeria.

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mPharma sets agenda post-layoff, halts work-from-home

mPharma, a Ghanaian healthtech company, has restructured its approach in the wake of the layoffs it implemented in September, which now entails discontinuing remote work.

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MFS Africa rebrands to Onafriq to bypass trademark hurdles in America

Pan-African fintech company, MFS Africa has rebranded to Onafriq as part of its evolution, and also due to trademark challenges in America.

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BluePeak Private Capital closes $156M fund to support African businesses

BluePeak Private Capital, a private capital firm, has closed its flagship fund at $156 million to support scalable businesses in Africa.

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Almouneer secures $3.6M to tackle diabetes and obesity prevalence in Africa

Egyptian healthtech, Almouneer has raised a $3.6 million seed to address the growing prevalence of diabetes and obesity in Africa.

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MarketForce enters Kenya’s social commerce scene, aims to boost profits

Kenyan B2B e-commerce startup, MarketForce, is set to broaden its presence by entering the country's social commerce market.

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BD Insider 207: Kenya ditches visa requirement for all Africans

Starting in 2024, Kenya will be visa-free to African visitors. We also explored the shuttering of African logistics startups and the downscaling at MarketForce.

News

BD Insider 206: Absa Kenya suffers $716,565 fraud loss in 2022

In a recent disclosure, Absa Bank Kenya has revealed a significant financial setback, with the bank losing KSh 107.7 million ($716,566) to fraudulent activities last year.

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