Annie Njanja
In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in...
Even as VC funding dries up across the world, development finance institutions (DFIs) from Europe are looking to African startups to deploy their dry powder.
British International Investment (BII), a DFI from the UK, told TechCrunch recently that it will deploy $500 million into startups by the end of...
Barely a year after Tanzania capped the commissions that e-hailing firms like Uber and Bolt charge their partners at 15%, the authority in charge has backtracked on the order, taking away drivers’ prospects of increased earnings.
The fee was increased to 25% effective last Sunday after the Land and...
Meta’s main subcontractor for content moderation in Africa, Sama, earlier Tuesday announced the closure of its content moderation arm at its hub in Kenya, citing the need to streamline operations.
This comes months after Sama and Meta were sued in the East African country for union busting, and exploitation,...
A lawsuit against Facebook’s parent company Meta has been filed in Kenya’s High Court over its alleged role in fueling violence and hate in eastern and southern Africa.
The case claims that Meta has failed to employ enough safety measures on Facebook, which has in turn fueled conflict that...
OneOrder, Egypt’s supply chain solutions provider for restaurants, has raised $3 million seed funding led by Nclude with participation from A15, and Delivery Hero Ventures. The latest funding brings the total funding raised by the startup to $10.5million, including $6.5 million working capital financing from financial institutions.
Launched in...
Kapu, a social commerce startup, coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling with the sky-rocketing food prices.
Kapu founder, Sam Chappatte, an ex-Jumia executive, said the startup...
After four years operating primarily as a logistics marketplace, Egypt’s Voo has rebranded to SideUp and transformed its strategy to offer a complete spectrum of e-commerce support services, including payment gateways, API integration for shipping, warehousing, fulfillment, and advisory.
The startup has also expanded to Saudi Arabia, where it...
Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants.
Niche local brands are also emerging...
Access to funding and lack of support systems are some of the greatest challenges faced by startup founders in sub-Saharan Africa. And while venture capital and founder support programs within the continent are growing, a lot still remains to be done to meet the financing, technology and social...
