East Africa

Electric motorcycle maker Ampersand raises $2 million to expand in East Africa

Ampersand, a Rwandan electric motorcycle manufacturer, has raised a $2 million Series A extension to expand to other East African…

3 months ago

PrivPay shutdown after Safaricom cut API access over compliance violations

PrivPay, a Kenyan fintech that allowed customers to make M-PESA transactions without revealing their personal details, shut down in May…

3 months ago

Mobius, maker of low-priced SUVs for startups, to shutdown

Mobius Motors, a Kenya-based automaker backed by Playfair Capital, has entered a voluntary liquidation after efforts to rescue the company…

4 months ago

Kenya to issue payment licences: Flutterwave, Chipper Cash could be first in line

The Central Bank of Kenya (CBK) plans to issue payment licences to fintech startups soon, an important softening of an…

5 months ago

Tiger Global-backed Minka is the latest LATAM fintech to set up shop in Africa

In recent years, a handful of Latin American fintechs have made inroads into Africa to tap into its growing digital…

5 months ago

Kenya data analytics startup Gro Intelligence shuts down

Months after the board of the agricultural data platform Gro Intelligence replaced CEO and founder Sara Menker, the New York…

5 months ago

Tanzania targets predatory loans: Central Bank excludes unlicensed apps

Tanzania’s Central Bank will no longer allow unlicensed digital lenders to operate in the country and has told customers to…

6 months ago

Post-CEO exit, Cellulant appoints new leaders, shifts focus to profitability

Cellulant, the pan-African payments startup valued at $133 million in 2022, has named new executives three months after the CEO…

7 months ago

Roam secures financing deal with Mogo to grow electric motorcycle adoption

Roam, a Kenyan-based electric mobility company, has secured a partnership with Mogo, an asset financier in East Africa, to boost…

8 months ago

Crackdown on unlicensed companies cuts digital creditors in Kenya to 51

Before consumer protection laws were passed, any lender could run a digital credit business. Kenya has approved the operation of…

8 months ago

Exclusive: Fintech giant Flutterwave secures release of $3 million in Kenya

A Kenyan high court has unfrozen $3 million belonging to fintech giant Flutterwave and two of its associates, ending a…

10 months ago