#SeoTips Podcast listeners crossed half a billion people at the end of last year as listenership maintained steady growth. With countries in the Arab world having some of the most engaged listeners, a podcasting startup out of Dubai is doubling dow...

#SeoTips Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in Africa.  The oversubscribed round was ...

#SeoTips Verod-Kepple Africa Ventures (VKAV) plans to back up to 21 growth-stage companies across the continent after closing its first fund at $60 million. The pan-African VC hit the milestone following fresh backing from Nigeria’s SCM Capital for...

#SeoTips Swiss fintech nsave, which is making banking in Switzerland accessible to people in countries with unstable banking sectors or facing high inflation, has raised $4 million seed funding. The round was co-led by Sequoia Capital and TQ Ventur...

#SeoTips Roam, an EV startup based in Kenya, has raised $24 million in a Series A round, including up to $10 million debt commitment from the U.S International Development Finance Corporation (DFC), to scale the production of electric motorcycles a...

#SeoTips Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East...

#SeoTips African fintech Flutterwave is off the hook in Kenya after the high court allowed the country’s Asset Recovery Agency (ARA), an agency that investigates and recovers proceeds of crime, to withdraw the second (and only remaining) case again...

#SeoTips After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon became clear to them that fleet manageme...

#SeoTips Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fu...

#SeoTips Serial Kenyan tech entrepreneur Mike Macharia has spent the last two decades helping enterprises like East Africa’s biggest telco Safaricom to create infrastructure that bolsters their growth. His firm, Seven Seas Technologies, has previou...

#SeoTips HotelOnline, a Kenya-based Yanolja-backed travel technology scale-up that fashions itself as an e-commerce and digital marketing enabler in the hospitality industry, has acquired HotelPlus, a software provider with clients in 22 countries....

#SeoTips RansomHouse, a ransomware gang has claimed responsibility for the cyberattack on Shoprite, Africa’s largest retailer. The attack, which Shoprite confirmed a week ago, compromised customer data in Eswatini, Namibia and Zambia, the company s...

#SeoTips The International Finance Corporation (IFC), the private sector arm of Work Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in...

#SeoTips About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack of attractiveness to financiers. These ...

#SeoTips Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million funding it has just secured. The startup als...

#SeoTips Kenya plans to double the digital service tax (DST) to 3% beginning July this year, as the government taps the growing online economy to increase its domestic revenues. It is expected that the new rates, proposed in the Finance Bill by the...

#SeoTips Tushop, a social-commerce platform in Kenya that enables the group-buying of fast-moving consumer goods (FMCGs), is set for expansion across Nairobi after raising $3 million in pre-seed funding in a round led by 4DX Ventures. Founded last ...

#SeoTips MarketForce, the retail B2B and end-to-end distribution platform founded in Kenya, has raised $40 million in Series A funding for its merchant inventory financing and expansion across Africa. MarketForce, which was launched in Uganda, Tanz...

#SeoTips Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s ecommerce super-app Wasla, setting the stage for the rollout of new online shopping capabilities, products and regional expansi...

#SeoTips Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies, and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the rest of Africa. The round was led by Glob...