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Tugende, Warbler Labs have agreed on a loan restructuring plan that may lead to the recovery of funds. → Read More
Brine Fi says it is also leveraging Zero-Knowledge Proof (ZKP) to prevent ‘frontrunning’ for professional traders. → Read More
Petitioners seek to compel Meta to stop viral hate on Facebook, ramp up content review, and to create a $1.6 billion compensation fund. → Read More
There are signs that funding for climate tech startups will persist in the near-term as new funds emerge. → Read More
Moderators’ contracts expired on March 31st, and Sama claims it could not vary the employment terms as per the interim orders. → Read More
Pepea targets early-stage businesses that have been in existence for one to five years, and are generating revenues but yet to raise capital. → Read More
Co-accused Sama, whose clients include OpenAI, dropped Meta’s contract and content review services to concentrate on labeling work. → Read More
Flat6Labs targets to raise $95 million for the Africa Seed Fund, which will mark its first venture outside MENA region. → Read More
The second case, where Flutterwave, Adguru and Hupesi solutions are the respondents, continues, with the next mention booked for March 23. → Read More
Online food and grocery delivery platforms by Uber, Jumia, Bolt, Glovo, are some of the popular marketplaces in Kenya. → Read More
It follows the signing of a MoU by member states in 2022, and a decision to set up a working group and a leadership team last month. → Read More
Jumia has amended its terms and conditions after COMESA competition commission, compelled it to review "misleading and false" clauses. → Read More
The investment is from New GX Ventures SA, a joint venture between New GX Capital, RMB Ventures and GIIG Africa. → Read More
YC-backed Workpay is set to launch a payroll engine that can serve customers in 40 markets in Africa, to stay ahead of clients needs. → Read More
Jumba simplifies the sourcing of construction materials through a common marketplace for retailers and developers. → Read More
Power has so far on-boarded 75 companies in Kenya, giving it access to over 40,000 workers, out of which it has served 15%. → Read More
South Korea’s Samsung, and Chinese brands Tecno and Itel, accounted for 65% of the total smartphone shipments to Africa. → Read More
Morocco's fresh food supply chain, Benkirane says, is highly-fragmented, traditional and dominated by intermediaries. → Read More
The growth bid follows the planned introduction of new products in the market, including financial services and internet access hotspots. → Read More
BuuPass processes about 12,000 transactions a day, and has recorded over 9 million ticket sales so far. Its GMV reached $30 million in 2022. → Read More