#eastafrica

Grey has picked Kenya as its East African hub as it expands regional operations.   Its products include foreign bank accounts, instant currency exchange, and international money transfers. Launched in 2021 by Idorenyin Obong and Femi…

M-KOPA said it closed over $250M in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the most significant debt and equity raises in the African tech…

Wasoko, which leverages innovative technology to transform the informal retail supply chain, has expanded into Zambia, the company’s first location in Southern Africa. The platform enables retailers to order products anytime via SMS or…

Altech Group has raised US$18 million in debt financing and grants to continue strengthening its market position and expand access to energy across the country. The group has positively impacted the lives of more than 1.7 million Congolese…

Goodwell Investments and Oxfam Novib have announced a new EUR20 million (US$22 million) fund that will address the “missing middle” East Africa by investing in early-stage growth companies that are struggling to secure finance from banks…

TIBU Health has raised an undisclosed amount of pre-Series A funding to allow it to strengthen its solutions dedicated to chronic diseases and improve its virtual care platform. According to the company, it has adopted the latest, most…

Flutterwave has today announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda. This will help the company expand its operations in East Africa. With these new licenses and being…

Taeilo has raised $2.5 million in equity funding to expand the delivery of innovative, affordable, and locally manufactured furniture to homes and businesses across the continent. The funding round was led by Aruwa Capital, a growth…

The Mastercard Foundation Africa Growth Fund (MFAGF) has launched with a committed US$200 million. The goal of the Mastercard Foundation Africa Growth Fund is to enable dignified and fulfilling work for young people, particularly young…

4Di Capital has announced the second closing of its new US$25 million seed fund – created in partnership with DotExe Ventures in Mauritius – with an undisclosed raise from Mauritian-based conglomerate IBL Group, via its investment vehicle,…