Annie Njanja

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Techstars raising $150 million for new accelerator fund

The accelerator is seeking new capital ahead of the end of the deployment period of its third institutionally-backed fund, Techstars Accelerator 2021, late this year.

ShopZetu raises pre-seed funding to fuel growth of its fashion marketplace beyond Kenya

Kenyan fashion e-commerce startup ShopZetu is set to add beauty and home décor categories to its portfolio, in response to the growing needs of the young and style-conscious women in Africa. This is

Plastic upcycling startup Kubik closes $3.34M seed to scale production in Ethiopia

The amount of plastic waste produced globally is on track to triple to over 1,000 million tons by 2060. The Organisation for Economic Co-operation and Development (OECD) report predicts that developed

PayGo solar startup Yellow raises $14 million to scale in Africa

Yellow, an asset financier for solar energy and digital devices in Africa, has raised $14 million series B funding in a round led by Convergence Partners with participation from the Energy Entrepreneu

Seedstars, Fondation Botnar partner to back African startups focused on youth wellbeing

Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment vehicle targeting early-stage startups in Africa that a

Meta to appeal court ruling declaring content moderators as its employees

Meta is set to appeal Kenya’s court decision declaring it as the primary employer of the moderators that review content on its platforms in sub-Saharan Africa. Meta has filed a notice of appeal agai

Meta found liable as court blocks firing of moderators

A Kenyan court has ruled that Meta is the primary employer of content moderators suing the social media giant and its content review partner in Africa, Sama, for unlawful dismissal. The 184 moderators

MarketForce tightens its belt as tough times hit B2B commerce

MarketForce, a Kenyan B2B e-commerce platform to help independent corner shops source goods, once had an ambitious plan to grow the number of users on its platform to a million by the end of 2022, wit

E3 Capital and Lion’s Head climate fund hits first close at $48M to back African startups

The E3 Low Carbon Economy Fund for Africa (E3LCEF), a fund by early-stage VC E3 Capital (formerly Energy Access Ventures), and emerging markets-focused investment bank Lion’s Head Global Partners, h

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,

Cold-chain startup Figorr raises $1.5M, backs the rollout of data-driven perishables insurance

Oghenetega Iortim built Nigerian-based cold-chain startup Figorr after imagining better means of storage and transportation of temperature-sensitive products, following the post-harvest losses from hi

Meta content review partner Sama told by court to pay moderators

Meta’s content moderation partner in Africa, Sama, was earlier today compelled by a Kenyan court to pay April salaries to a section of moderators it had left out. The direction comes days after mode

Kenya plans to delay ESOP taxes to incentivize startups

Kenya is proposing a special tax regime on startups’ Employee Share Ownership Plans (ESOPs), as it aligns to its plan to spur innovation. The finance bill 2023 proposes the deferment of taxes on emp

Confusion sets in as Meta content moderators go without pay

Content moderators under Sama, Meta’s content review sub-contractor in Africa, earlier today picketed at the company’s headquarters in Kenya demanding April salary, while urging it to obse

Crypto, influencers targeted in Kenya’s new tax bid

Kenya is proposing new taxes targeting the digital economy in a bid to grow domestic revenues and narrow its fiscal deficit in response to the ongoing cash crunch. The East African country plans to ch

Kenyan court paves way for lawsuit alleging Facebook played role in fueling Ethiopia’s Tigray conflict

Petitioners seek to compel Meta to stop viral hate on Facebook, ramp up content review, and to create a $1.6 billion compensation fund.

Meta can be sued in Kenya over alleged unlawful layoffs and blacklisting of moderators, court rules

A Kenyan court has ruled that Meta can be sued in the East African country over alleged unlawful sacking and blacklisting of content moderators, and dismissed the social media giant’s application th

Senegal’s logistics tech startup Chargel raises $2.5M seed funding

After selling their hospitality tech startup, Teranga, in 2018, Senegalese brothers Moustapha and Alioune Ndoye ventured into the trucking business as they pondered their next move. However, it soon b

African climate startups set to gain ground as VC funding shifts their way

There are signs that funding for climate tech startups will persist in the near term as new funds emerge in Africa.

Meta’s content review in Africa in limbo as moderation partners decry court restrictions

Meta’s main content review partners in Africa have been restrained from offering moderation services to the social media giant, and it is unclear who is currently reviewing its platforms in sub-Saha
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