How a Microsoft-backed $1B geothermal-powered data center in Kenya faced construction delays due to uncertainty over its value for local businesses
Semafor : X: @reedalbergotti . LinkedIn: Alexis Akwagyiram X: Reed Albergotti / @reedalbergotti : Interesting story from our Africa bureau on what ever happened to those African data centers that eve...
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
TechCrunch :
Netflix ends its free mobile plan in Kenya, which offered access to a quarter of its shows and movies, after two years and rolls out a $6 per month ad tier
Duncan Miriri / Reuters :
Kenya-based M-KOPA, an asset financing service offering African customers access to “productive assets” and digital payments, raised $55M equity and $200M+ debt
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” …
Nigerian payments startup Flutterwave, which is valued at $3B, is facing allegations of a money laundering scheme worth up to $215M in Kenya
Abubakar Idris / Rest of World : Tweets: @restofworld , @restofworld , and @yinkawrites Tweets: @restofworld : Months after accusations of mismanagement and sexual harassment rocked the Nigerian fint...
Pan-African crypto exchange MARA raises $23M from Coinbase Ventures and others to expand in Nigeria and Kenya
Cameron Thompson / CoinDesk :
Wasoko, formerly Sokowatch, a Kenya-based B2B marketplace that offers a BNPL service to retailers, raises a $125M Series B, source says at a $625M valuation
Informal retail is king in Africa, with hundreds of billions of dollars of consumer goods are sold through its channels yearly.
Nairobi-based retail B2B marketplace MarketForce raises a $40M Series A led by V8 Capital Partners, bringing its total funding to $42.5M
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.
Kenya-based Copia Global, which uses proprietary logistics for a mobile-first e-commerce service aimed at unbanked customers in Africa, raises a $50M Series C
Tage Kene-Okafor / TechCrunch : Tweets: @firstcheckhq Tweets: FirstCheck Africa / @firstcheckhq : Congrats @copiakenya! 🔥 Scaling a company is a long game and later-stage African startups with female...
Kenya-based B2B e-commerce startup Sokowatch, which wants to offer working capital and data analytics to businesses, raises $14M Series A led ay Quona Capital
or rollups if they're wise. https://techcrunch.com/...