Kenyan Startup ElevateHR Africa Raises Sh40 Million from Local Investor

Kenyan local startup ElevateHR Africa has announced plans to raise Sh40 million from local investors. This is a groundbreaking move in the Kenyan tech ecosystem, as historically, local startups have overwhelmingly relied on foreign investors. ElevateHR Africa hosted a Pre-Seed Investor Gala, where HR professionals and C-suite executives united as local angel investors. This marks…

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Nigeria’s Grey is helping users exchange local currency and access foreign currencies

Launched in 2021 by Idorenyin Obong and Femi Aghedo, Grey offers an international money transfer service that enables its users to send and receive international payments without restrictions quickly. Its products include foreign bank accounts, instant currency exchange, and international money transfers. The Y Combinator-backed fintech startup raised a US$2 million funding round last August, and is busy expanding. Disrupt Africa…

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Nigerian Edtech Startup uLesson Gets License To Launch Online University

Founded in 2019 by serial entrepreneur Sim Shagaya, uLesson offers live online classes with expert tutors, video lessons, and personalized live homework help for primary and secondary school learners online and via its app. Announcing this through his Twitter handle, Sim said that it was with a great sense of responsibility and excitement that Miva University, which is part…

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Maasai inventor named as a finalist for the Young Inventors Prize

The Maasai inventor was recognized for developing a system to ward off lions and other predators from livestock using light sequences. The Young Inventors Prize was established by the European Patent Office (EPO) established to inspire the next generation of inventors.  The prize recognises young innovators aged 30 or under who have developed technological solutions to tackle…

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Jia, a blockchain-based lender of small businesses in emerging markets, raises $4.3 million seed

Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital and Global Coin Research….

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WASOKO EXPANDS TO ZAMBIA

Wasoko, a pan-African B2B e-commerce company with a presence in East and West Africa, has expanded to Zambia. The company will launch its operations in Lusaka, the capital of Zambia, and says it will invest $1 million in its first year to “support local Zambian businesses and communities to get more essential goods for less through…

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Lipa Later and Poa Internet Among Kenyan Companies in FT’s Africa’s Fastest Growing Companies 2023

The FT/Statista 2023 annual ranking of Africa’s fastest-growing companies is out, and it includes a few Kenyan startups. The ranking, now in its second year, shows that companies in sectors such as fintech, renewable energy, healthcare, commodities, and agriculture were managing to grow their businesses while much of the world shut down. The list consists…

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