Top news of the week: 12.12.2022.
Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies
Lagos-headquartered venture capital firm Future Africa is teaming up with TLG Capital to launch a $25 million venture debt fund.
Ukheshe raises funds for international expansion
Ukheshe International has raised money from Development Partners International and Fireball Capital to fund its growth plans.
Part 1: Ventures And Valuations: Africa’s Billion-Dollar Startups
Venturing into the world of entrepreneurship is often strenuous and risky business. But the rewards far outweigh the costs. Since 2013, the added prize of being lauded as a ‘unicorn’, that ...
Kenyan startup ecosystem ranks highly for acceleration, diversity; shatters funding records
Kenyan tech startups have higher rates of acceleration and are more diverse than their fellow tier one startup ecosystems, and are raising more funding than ever before.
FTX marked down Chipper Cash’s $2B valuation to $1.25B
African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX's bankruptcy.
ChipperCash lays off 12.5% of its employees; with the engineering team taking the biggest hit
Pan-African fintech unicorn startup ChipperCash has laid off a portion of its workforce, barely a year after the company raised $150 million at a $2 billion valuation – a round that was led ...
Zeraki, a Kenyan edtech providing digital solutions for school admin, raises $1.8M
Zeraki plans on introducing more administrative tools for schools, in addition to supporting parents with fee loans.
Here’s why Kenyan tech startups are continent’s most accelerated
Kenyan tech ventures have higher rates of acceleration or incubation than their peers in other leading African startup ecosystems, a fact that stems from the country’s extremely ...