In early 2022, the fintech startup Bloom — not to be confused with the Gen Z-focused investing app, or the heavily capitalized revenue financing platform — was accepted […]
Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets
It is estimated that about 2 billion people, especially those in lower and middle-income countries, lack access to quality and affordable essential medicines. The situation is exacerbated by […]
Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech
Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an […]
Madica, a program by Flourish Ventures, steps up pre-seed investing in Africa
Madica, an investment program launched by US-based investor Flourish Ventures to back pre-seed startups in Africa, plans to invest in up to 10 ventures by the end of […]
Pula raises $20M Series B to provide agricultural insurance to farmers in Africa, Asia and LatAm
Pula, an insurtech based in Kenya, has since 2015 been keen on enhancing the access to agricultural insurance by small-holder farmers across emerging markets, shielding them against losses […]
Climate tech VC Satgana closes first fund that targets early-stage startups in Africa, Europe
Climate-tech VC Satgana has reached a final close of its first fund, which targets to back up to 30 early-stage startups in Africa and Europe. The VC firm […]
Scientists find clear proof that a supervolcano won’t wipe humans out
Scientists found that humans survived at a site in Africa some 74,000 years ago after the Toba supervolcano erupted, in one of the biggest known volcanic eruptions ever.
Nala set out to offer remittance services, it’s building a B2B payment platform too
Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder, Benjamin […]