Accelerators & Incubators
Policy & Regulation
Kenyan fintech Pezesha wins Best Catapulter Award at LHoFT
Kenyan fintech startup Pezesha won the Best Catapulter Award at LHoFT’s Catapult: Inclusion Africa fintech bootcamp.
Matatus take up mobile payments in bid to limit the spread of COVID-19
Matatus, Kenya’s public service vehicles have been urged to take up mobile payments starting from Nairobi, in a bid to limit the spread of the Coronavirus from cash payments.
Kenya’s KCB Bank Earmarks Over USD 284 Mn For Mobile Loans As Relief For The COVID-19 Pandemic
The bank says the funds will be available via its mobile lending platform, KCB M-PESA, a service operated in collaboration with Safaricom.
Gov’t, Microsoft sign MoU to boost innovation in agricultural sector
The Ministry of Agriculture has signed a Memorandum of Understanding to collaborate with Microsoft to accelerate innovation in the agricultural sector to boost food and nutrition security.
Kenyan HR-Tech/Recruitment Startup, Fuzu, Secures USD 3.8 Mn Series A Funding
The startup launched in 2015 with the goal of changing the job search and recruitment landscape in Africa.
Microsoft launches start-ups initiative to empower social entrepreneurs
Microsoft, through its Microsoft for Start-ups initiative, has announced the launch of its Global Social Entrepreneurship programme in Kenya.
Helios invests Sh10bn in property firm Acorn
Private equity firm Helios Investment Partners is making equity investments of up to $100 million (Sh10 billion) in property developer Acorn Holdings.
Jumia reports 34 percent increase in losses to $248 million in 2019, stock price tumbles 27 percent in a single day
Jumia has reported its 2019 results on Tuesday and things are not looking good for them.
Deere & Co.
World’s Leading Farm Equipment Maker & Nigerian Agtech Firm Using Uber-Like Tech To Enable ‘Tractor-Hailing’ In Africa
The company also revealed plans to roll out the devices across Africa in the second half of this year, offering it to all contractors who buy its equipment on the continent.
Kenya-Based B2B eCommerce Startup Sokowatch Raises USD 14 Mn Series A, Eyes Expansion
The Kenya-based B2B e-commerce startup known as Sokowatch, which connects informal retailers directly to local and multinational suppliers, has raised USD 14 Mn in a Series A round.
Lily Health & Oky
Kenya’s Lily Health & Oky among 6 startups selected into Duke-UNICEF Innovation Accelerator
Kenya’s Lily Health & Oky are among the 6 startups selected in the Duke-UNICEF Innovation Accelerator which was launched in May 2019.
Kenya’s Superfluid Labs wins ENGIE Challenge at Africa Tech Summit Kigali
Kenyan data analytics startup Superfluid Labs has been named winner of the ENGIE Challenge at Africa Tech Summit Kigali, earning the chance to secure a testing phase with the French utility company.
Kenya’s Tanda raises undisclosed funds from SA-based HAVAÍC
Tanda aims to provide access to digital financial services and affordable agency banking for the underbanked population in Kenya and the rest of East Africa.
Africa’s On-Demand Logistics Space Hots Up With Sendy’s USD 20 Mn Series B Round funding
The startup currently has offices in Kenya, Tanzania, and Uganda with 5000 vehicles on its platform that move all sorts of goods.
Jumia Kenya appoints new CCO to drive commercial success
Jumia Kenya has appointed Kenneth Oyolla as its Chief Commercial Officer (CCO) to drive commercial success as the firm eyes new revenue streams.
3 Kenyan startups to host MIT Sloan Global Entrepreneurship Lab projects
Kenyan startups AT Labs, Lori Systems and SunCulture have been selected to host Global Entrepreneurship Laboratory (G-Lab) projects, which will help them gain significant insights from MIT MBA students.
Shorooq Partners leads seed round for QuickBus
The startup currently operates in Kenya, Uganda, and Angola.
Safaricom invests $22M into M-Gas Parent
Safaricom has invested $22 million (£17m) into UK firm Circle Gas which runs M-Gas in Kenya and Tanzania to launch prepaid gas service for Kenyan households.
Jumia Kenya Chasing Advertisement Revenues
The Kenyan arm of African e-commerce giant, Jumia, is venturing into the advertising business weeks after a staff layoff was reported at the Jumia Kenya office.
Nigeria’s Bolorims acquires stake in Kenya’s AfricaSokoni to launch Bolosokoni.com
Nigeria’s Bolorims has acquired a 10% stake in Nairobi-based AfricaSokoni to launch a new venture, Bolosokoni.com in West Africa.
Volanews 2018–2019 Guangzhou Vola Information Technology Co., Ltd. All rights reserved.