Bitmama, a Nigerian blockchain startup is seeking to acquire Payday, aiming to strengthen its cross-border payment services. The deal is yet to be finalised.
Former governor of Kaduna state, Nasir El-Rufai wants to launch a $100 million fund to invest in Nigerian startups, especially those in the North.
Inside: About 40% of Kenyan employers consider mass layoffs + Nigeria wants to launch 100 electric buses as carbon reduction initiative.
Kenyan e-commerce startup, Sky.Garden has relaunched operations, one year after its acquisition by Lipa Later, a Kenyan fintech.
In November 2023, African startups secured $89.6 million in VC funding, across 17 announced deals. Per BD Funding Tracker, it is a 42.63% decline from the previous month.
President Williams Ruto has announced that the Kenyan Startup Bill will be signed into law in April 2024. Here are a few things you need to know about the legislation.
As of November, we tracked about 26 acquisitions in the African tech ecosystem, with the fintech sector representing the highest number of deals in 2023.