In the first quarter of 2023, Jumia, the African e-commerce giant, reported its lowest losses in four years. The company’s adjusted EBITDA and operating losses experienced a significant decrease, reaching $27 million…
Category: Africa
African StartUp Emtech Raises $4 Million Seed Investment to Revolutionize Central Banking with CBDC Innovation
Emtech, an African provider of central banking infrastructure, recently introduced its CBDC Innovation Kit, which aims to facilitate experimentation with digital currencies pioneered by central banks. The New York-based company has now…
Sendy’s Demise: The Fall of a Once-Promising Kenyan Logistics Startup
Kenyan logistics startup Sendy, known for its platform that facilitated direct purchases of fast-moving consumer goods (FMCGs) from manufacturers, is ceasing its operations and considering the sale of its assets, according to…
Ikorodu Bois Remake Iconic “No Limits” Dano Milk Ad
The Ikorodu Bois, a Nigerian comedy group made up of young boys, have done it again with their unique style of remaking iconic advertisements using everyday household items. This time they recreated…
Flutterwave’s Troubles Worsen: Kenyan Judge Rejects ARA’s Bid to Withdraw Fraud Case
Kenya’s Assets Recovery Agency (ARA) has been denied its request to withdraw its second case against Flutterwave, an African fintech giant, by the country’s High Court. The ARA had frozen $3 million…
African Startup Kubik raises $3.34 million seed funding
A report by the Organisation for Economic Co-operation and Development (OECD) predicts that global plastic waste production will triple to over 1,000 million tons by 2060. Developed countries are expected to continue…
Eze, a YC-backed African Tech StartUp raises $3.7million
Eze, a B2B marketplace connecting global electronic wholesalers to trade devices in large quantities with real-time market data, has raised $3.7 million in an oversubscribed seed round. The startup, founded by Joshua…
The Transsion Holdings Brand Strategy to Conquer Africa
More than 3 billion people around the world use social media each month with 9 in 10 of those users accessing their chosen platforms via mobile devices. In Africa, people have more…
The Pepsi winning strategy in Africa
When it comes to the cola wars, Coca Cola has long been the dominant player in Africa. However, Pepsi is increasingly gaining ground and starting to outsell Coke across the continent. There…
Kenyan Start Up Amini Raises $2 Million to Bridge Africa’s Environmental Data Gap with AI and Satellite Tech
Kenyan start-up Amini has raised $2m in pre-seed funding for its AI and satellite technology platform, which aims to address Africa’s environmental data gap. The six-month-old company gathers data from weather sensors…