Business
Business news, announcements, funding, reports, in-depth graphs and much more to help you understand the world better
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Startups
Amitruck raises $4 Million Seed Funding to expand across East Africa
Amitruck was founded in 2019 to streamline the trucking business in Africa, which had, previously, been informal and fragmented.
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Startups
Moove receives $10 Million Financing from NBK Capital Partners
Moove provides vehicle financing for cars, bikes and lorries to entrepreneurs through its alternative credit scoring technology
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News
Huawei ranked 9th most valuable brand behind Samsung & Apple
Brand Finance's 2022 report of the Most Valuable Brands shows Huawei has risen to 9th position despite the blow on…
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News
Cybersecurity firm Acronis opens Cloud Data Centre in South Africa
Swiss Cybersecurity firm, Acronis, has announced the launch of a new cloud data centre in Johannesburg, South Africa.
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Announcements
Zamara is partnering with Boda Boda association to drive financial inclusion
Zamara Group, a financial service provider in the Kenyan market, has announced partnership with the United Boda Boda association.
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Startups
TLcom secures $70M for its $150M Africa Tech Fund
TLcom has announced the first close worth $70 Million for its $150 million Africa-focused tech fund with second close expected…
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News
CMA admits ‘Cashlet’ app for investing in Unit Trusts to Sandbox
Cashlet App from Sycamore Capital is expected to go live in February allowing Kenyans to invest in Unit Trusts straight…
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News
I&M Bank rolls out unsecured loans of up to KES 3 Million
I&M Bank customers will access a minimum of 50K up to a maximum of 3 million without providing any collateral…
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Announcements
Realme number-series hits 40M units shipped milestone
According to the Strategic analytics report, realme sold 40 million units in the last quarter of 2021 for realme numbers…
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Announcements
77% of CEOs optimistic global economy will be better in 2022
PwC survey of 4,446 CEOs in 89 countries and territories in October and November of 2021 has shown that CEO…
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News
72% of Konza City Phase 1 taken up by Investors
Konza Technopolis Development Authority has announced that 72% of the land available for investment in Konza City has been up by…
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Startups
MARAMOJA opens up API to Fintechs and Insurtechs in Kenya
The company says that Fintechs and Insurtechs now have an opportunity to connect to MARAMOJA's ecosystem via a single API
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Startups
Afrikrea rebrands to ANKA after successful $6.2 million Pre-Series A Round
The e-commerce platform Afrikrea is now rebranding to “ANKA”, its all-in-one solution for selling anywhere and hipping globally
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News
Crypto Trends to expect from Africa in 2022
A significant development on the continent which potentially slipped under the radar was Kenya’s ranking as the world’s leader in…
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News
IFC becomes Equity’s second-largest shareholder
The International Finance Corporation (IFC) is set to become Equity Bank's second-largest shareholder after purchasing Britam’s stake