Latest startups stories from across Kenya.
Swvl Holdings Corp. has agreed to raise $13 million from investors led by Coefficient LP, a U.S. investment firm backed by Egypt’s Sawiris family, as the mobility technology company expands into the U.S. market. Coefficient will invest $10…
Nigerian agritech company ThriveAgric has raised 5.3 billion naira ($3.93 million) through its first commercial paper issuance, the company said on Tuesday. The Series 1 issuance was oversubscribed after investors placed orders above…
South African AI infrastructure startup Verascient has raised $1.2 million in an oversubscribed seed round as it builds technology designed to help businesses move from experimenting with artificial intelligence to deploying AI agents…
When a family receives a diagnosis for a complex medical condition, the first challenge often begins after the medical appointment ends. Caregivers may search online for answers about the condition, available support, and what steps to…
Powered by People, a commerce technology company with deep roots in Africa, has raised new funding to build infrastructure that could help independent brands compete in an increasingly AI-driven global marketplace. The financing was led by…
Terra Industries has appointed former SpaceX executive Ben MacWilliams as vice president of strategy, as the defense technology company expands its autonomous security systems across Africa and other markets in the Global South.…
Terra Industries, a Nigerian defense-tech startup has raised an additional $18 million, bringing its seed financing to $52 million, in a move that will see it open a London office and scale Ghana factory toward 50,000 systems a year. The…
Silverbacks Holdings invested more than $37 million in Moove, during its $250 million round announced last week, its largest single investment in an African-born technology company. The Mauritius-based investment firm participated in…
Small Foundation is backing a new investment vehicle established by AgDevCo to provide patient financing to early-stage agribusinesses across East Africa, targeting companies that often fall between microfinance and conventional commercial…
Africa’s creator economy is growing rapidly, but for many creators, turning influence and expertise into sustainable income remains difficult. Global platforms were largely built around payment systems such as PayPal and Stripe that do not…
Three Kenyan startups are among 16 ventures selected as regional finalists for the 2026 American Society of Mechanical Engineers Innovation Showcase (ASME ISHOW), putting Kenya at the centre of a global cohort of hardware startups…
Kenyan used-car marketplace Peach Cars has secured approximately Sh517 million (¥600 million/US$4 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, strengthening its balance sheet as it accelerates…
Moove, the mobility infrastructure startup, has raised $250 million in a Series C funding round, valuing the company at $2.1 billion, as it doubles down on building the infrastructure needed to power autonomous vehicle fleets around the…
Yellow Card, the stablecoin infrastructure provider, has raised $40 million to scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand its operations in Latin America and Asia-Pacific. The strategic…
Heifer International has announced Kenya’s DigicCow, ThriveAgric of Nigeria, and Botwana-based Brastorne Enterprises as the 2022 winners of the AYuTe Africa Challenge. As winners of the 2022 AYuTe Africa Challenge, the three companies will…
The high demand for wood fuels is rapidly destroying Kenya’s forests and fueling the impacts of climate change locally. In an attempt to curb the decimation of forests, earlier this year the government temporarily banned logging and timber…
