Lipa Later, a Kenyan tech-led consumer credit platform, is planning to expand to new markets in Africa after raising $12 million in pre-Series A funding. The equity and debt funding round saw the participation of Cauris Finance, Lateral Frontiers VC, GreenHouse Capital, SOSV IV LLC, Sayani Investments and Axian Financial Services. The startup, a buy-now-pay-later […]
MarketForce partners with Cellulant to expand in five new markets across Africa as it races to cover continent
MarketForce, a Kenyan B2B retail and financial services distribution startup, has expanded into five additional markets across Africa to grow RejaReja — its retailer ‘super app’ that makes it possible for informal merchants to order and pay for inventory digitally, accept payments for utility bills, and access financing for their businesses. The startup has today […]
Norrsken Foundation’s hub opens in Rwanda, to house 1,000 entrepreneurs by next year
In 2019, Swedish coworking space and investment fund Norrsken Foundation announced the launch of its first entrepreneurship hub outside the Scandinavian nation in Rwanda. The center, located in Kigali, has finally opened up to the region, though it is happening in two phases. The first, which took place yesterday, will welcome 250 entrepreneurs. The second phase […]
Give us action on climate not just words, say developing nations ahead of Cop26
Demand for G20 to ‘step up’ with tougher emissions reduction targets and financial aid for poorestDeveloping countries are calling on the G20 group of advanced economies to come forward urgently with stiffer targets on greenhouse gas emissions, and fin…
Rwandan court finds Hotel Rwanda hero guilty of terror-related charges
Paul Rusesabagina, an ex-hotel manager, featured in a Hollywood film about the 1994 genocideA Rwandan court has ruled that Paul Rusesabagina, a former hotel manager portrayed as a hero in a Hollywood film about the 1994 genocide, is guilty of terrorism…