Chowdeck hires Bolt manager to lead Ghana operations
YC-backed Nigerian food delivery startup, Chowdeck hires Bolt manager, Henry Whyte to lead its Ghana operations, marking a key step in its international expansion. This hiring comes 10 months after the company tapped another senior manager at Bolt, Umar Nas’ir, to head its Nigerian operations. A spokesperson for Bolt confirmed
Saad Kassis-Mohamed awarded Forbes 30 Under 30 & Presidential award for Social Impact
Saad Kassis-Mohamed has been honored as a Forbes 30 Under 30 & Order of Republic recipient in the Social Impact category, recognizing his transformative work in sustainable finance, ethical business practices, and global philanthropy. This prestigious accolade celebrates his commitment to leveraging finance as a tool for positive social change
In Zimbabwe, Avalon Health’s AI has reduced patient wait times from 45 to 20 minutes
In Zimbabwe, Avalon Health’s AI has reduced patient wait times from 45 to 20 minutes. The country’s public healthcare system struggles with inefficiencies, with a ratio of just two doctors per 100,000 people — far below the World Health Organization’s recommended one doctor per 1,000. Specialists often juggle consultant roles
Umba raises $5 million to grow vehicle and SME lending in Kenya
Nairobi-headquartered digital bank with operations in Kenya and Nigeria, Umba raises $5 million to grow its secured lending operations in Kenya, targeting vehicle financing and small and medium enterprises (SME) loans. The move is part of a broader shift by Kenyan neobanks from short-term, high-interest digital loans to focus more
PayTic raises $4.4 million to scale SaaS platform
Morocco-based fintech that helps banks and fintechs automate their operations, PayTic raises $4.4 million to deepen its presence in the Middle East and Africa and expand its global distribution partnerships. AfricInvest led the funding round with participation from Accion Venture Lab and Mistral VC. Existing investors, including CDG Invest, BVC,
Kenyan and Nigerian startups affected as US pulls out $51 million in funding
Kenyan and Nigerian startups affected as the US Africa Development Foundation (USADF), which has supported over 1,000 businesses across 22 African countries, slashed $51 million in funding for African SMEs and startups, threatening cooperatives, smallholder farmers, and early-stage ideas across sub-Saharan Africa. The cuts, announced by the Department of Government Efficiency (DOGE)—an
MTN Group’s streaming gamble could come at a high cost
MTN Group’s streaming gamble could come at a high cost as they venture into the crowded, capital-intensive world of video streaming in a bid turn around its declining financial fortunes. On April 7, Africa’s largest telecom operator partnered with Synamedia, a global video software provider, to roll out a new streaming
Top 19 Morocco Tourist Sites to Visit This Year
In 2024, Morocco welcomed a record-breaking 17.4 million tourists, underscoring its growing appeal as a top global destination. This surge in tourism is no surprise—Morocco offers an irresistible mix of ancient heritage, rich culture, scenic landscapes, and modern charm. So whether you’re drawn by the echoes of history in centuries-old
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Why Startups Fail in Africa [Story of 13 Failed Startups]
The African startup ecosystem has witnessed impressive growth over the years, with numerous entrepreneurs building innovative solutions to solve pressing local problems. Yet, the road to success is never linear. Between 2023 and 2024, several high-profile startups across the continent unexpectedly closed their doors despite raising significant funding and showing
New fund Sabou Capital to invest up to $1.5 million in 25 African SMEs
Sabou Capital to invest up to $1.5 million in 25 African SMEs in agriculture and agroprocessing, renewable energy and climate, supply chain, logistics, and mobility sectors. Sabou Capital, launched by Surayyah Ahmad, a two-time cofounder, to bridge investment gaps in Anglophone and Francophone Africa. The name Sabou is derived from
