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Kenyan Insurtech Lami’s Acquisition of Bluewave Falls Through: A Missed Opportunity or New Beginnings?
Kenyan Insurtech Lami’s Acquisition of Bluewave Falls Through: A Missed Opportunity or New Beginnings? African fintech startup Bujeti has secured $2 million in seed funding to expand its corporate…
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Kenyan Fintech Pezesha Launches 2.0: Transforming SME Financing with Digital Innovation
Kenyan fintech startup Pezesha has launched a significant upgrade to its platform, dubbed “Pezesha 2.0.” This new iteration represents a major step forward in Pezesha’s mission to empower micro-SMEs…
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Nigerian Regulator Cracks Down on Unlicensed Deposit-Taking Fintechs Following Fraud Concerns
The Nigerian Inter-Bank Settlement System (NIBSS) has issued a stern warning to unlicensed financial services companies operating as deposit-taking institutions. This move signals a significant step towards stricter regulatory…
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Pivo, Nigerian Fintech Startup, Shuts Down Amidst Funding Challenges
Pivo, a Nigerian fintech startup that had raised over $2.6 million in funding, has ceased operations. The company, which provided banking services to small supply chain businesses in Nigeria,…
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Kenyan Startup Tappi Secures $1.5 Million Pre-Seed Funding to Empower SMEs
Tappi has raised $1.5 million in a pre-seed funding round. Led by Mercy Corps Ventures and Chui Ventures, the investment will fuel Tappi’s expansion across Nigeria and Kenya, enabling…
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Startupbootcamp AfriTech Launches OnAfrica Investment Syndicate for African Startups
Startupbootcamp AfriTech has introduced the OnAfrica Investment Syndicate, led by Henry Ojuor, aiming to enhance the tech ecosystem by connecting startups with mentors and investors. This mentor-led Angel community…
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Kenya’s Innovation Leap: President Ruto Pledges to Enact Startup Bill, Igniting a New Era of Growth
President William Ruto has pledged to endorse the Startup Bill 2022, a transformative move aimed at fortifying Kenya’s startup sector. Scheduled for signing by April next year, the bill…
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Mastercard Africa Growth Fund Invests $27 million in Three Africa-Focused Investment Firms
The Mastercard Africa Growth Fund has approved investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund. These investments totaling $27 million bring the total number…
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Routed’s Insight Reveals Tighter Budgets, Local Cloud Surge, and AI Skepticism
In the intricate landscape of IT predictions for 2024, Routed, a prominent VMware Cloud Verified provider, provides a forward-looking perspective. The forecast, delivered by Andrew Cruise, Managing Director at…
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Aalto Haps’ Solar-Powered Drones Light Up Kenya’s Skyline and Job Market
In a groundbreaking initiative aimed at transforming communication services, AALTO HAPS Ltd., a subsidiary of Airbus, is making remarkable progress in the deployment of solar-powered drones for sale, specifically…
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