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.

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.

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.

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.

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.

X introduces audio and video calling features

X, formerly Twitter, now offers audio and video calling as part of its transformation into an "everything app."

Nigerian banks restrict transactions to neobanks amid rising fraud concerns

Nigerian Banks such as Fidelity and Standard Chartered have imposed transaction restrictions on neobanks like Moniepoint, Kuda, Opay, and PalmPay, citing mounting concerns over fraud.

BD Insider 204: DLM Trust temporarily halts duties as Patricia’s escrow trustee

Patricia's escrow trustee has paused its appointment. We also covered the $72.5 million tax fine imposed on MTN Nigeria.

Husk Power raises $103 Million to expand renewable energy in Africa and Asia

Cleantech firm Husk Power secures $103M to drive rural electrification, expand renewable energy services in Africa and Asia.

The Art of Technology Lagos 5.0 to explore the creative economy and a digital Lagos

Experts will gather from December 8-9 for The Art of Technology Lagos 5.0 which will focus on "Creative Economy" and "Digital Lagos"

Furex app launch sets new standards in digital asset trading

Furex app introduces innovative features designed to provide users with an unparalleled trading experience.

BD Insider 203: How startups can stay on the better side of currency devaluations

Hedging, Multiple income streams, and cost control are measures startups can adopt to weather currency devaluations.