Annie Njanja
TradeDepot, a B2B marketplace that connects micro-retailers with distributors and manufacturers of fast moving consumer goods (FMCGs), has acquired Green Lion, its competitor in Ghana, for an undisclosed amount, paving the way for its growth, and the delivery of its services across the West African country.
The acquisition involves...
Ten game development studios in Africa have come together under one umbrella, the Pan Africa Gaming Group (PAGG), in an effort to unify the continent’s gaming sector, which is currently fragmented. The association is further envisioned to drive the uptake of gaming in the continent, and grow developer...
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, Tanzania and Rwanda last year after growing beyond Kenya and Nigeria, plans to introduce buy-now-pay-later...
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 Global Ventures and Ventures Platform, with participation from Ingressive Capital, Voltron Capital,...
Mdundo, an Africa-focused music streaming service, is banking on more partnerships with telcos across the continent to grow its earnings and user base. Last year, the company signed deals with MTN and Airtel in Nigeria, and Vodacom in Tanzania, which appear to be paying off after its user-base...
Kenya’s central bank has called on the public to share their views, before May 20th, on the possibility of adopting a digital currency, just one day after it emerged that Zambia is also testing its viability too.
Nigeria became the first country in Africa to pilot its central bank...
Kenya-based EV startup BasiGo has closed $4.3 million in seed funding, three months after setting up operations in East Africa’s biggest economy, to provide clean-energy mass transit vehicles in a country that is heavily-reliant on fossil-fuel buses.
The startup said it will use the new funding to set up...
Countries in sub-Saharan Africa have been worst-affected by Meta’s plan to discontinue its low-cost Express Wi-Fi internet, launched five years ago to drive connectivity in underserved regions.
Meta (formerly Facebook) quietly issued this notice saying that it plans to wind down the program later this year. In countries like...
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance covers accessible to more people across Africa.
Bluewave insurance, also a Kenyan startup, was founded by Adelaide Odhiambo, who now joins Lami as the head of commercial partnerships.
Since its launch...
The shipping business in Africa has for years been inefficient and costly due to the traditional ways of managing operations – traditional in the sense that a shipper has to physically look for a transporter, sometimes through a middle-man, and often, once goods are delivered, the trucks almost...
