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The motorcycle ride-hailing wars in Nigeria and Uganda is SafeBoda’s to lose

TechCrunch

On April 16, Uganda-based two-wheel ride-hailing platform SafeBoda announced that it had completed 1 million rides in Ibadan, a southwestern city in Nigeria. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.

Uganda 133
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Uganda in the spotlight as country’s startups captivate YC, Google

TechCrunch

Uganda is one of the countries creating ripples in high-profile tech programs like the Y Combinator accelerator and Google’s $50 million Africa Investment Fund, launched in October last year targeting early and growth-stage startups. Numida’s star has been shining since last year when it first bagged $2.3 million in seed funding.

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YC-backed fintech Numida raises $12.3M led by Serena Ventures to extend loans to MSMEs beyond Uganda

TechCrunch

To bridge the gap, Uganda-based fintech Numida , has opted to focus its digital lending business on small enterprises as part of its strategy for driving financial inclusion in emerging markets. led by Serena Ventures to extend loans to MSMEs beyond Uganda by Annie Njanja originally published on TechCrunch.

Uganda 96
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Health tech startup mPharma acquires Vine Pharmacy, enters Uganda

TechCrunch

Abraaj bought Vine Pharmacy in 2013 when it was the largest pharmacy chain in Uganda. Vine used to be the biggest pharmacy chain in Uganda. Rockson said that he hopes to take Vine Pharmacy to its former glory, when it held the position of the biggest retail pharmacy chain in Uganda.

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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

Meanwhile, it was just last August that the digital bank, which provides zero to minimal fees on cards, account maintenance and transfers and is one of Africa’s soonicorns, raised $55 million — money that it planned to use to not only double down on new services for Nigeria but also to prepare its launch into more countries on the continent like Ghana (..)

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Tanzania’s YC alum Ramani raises $32M to digitize CPG supply chains, lend resellers

TechCrunch

By leveraging Ramani’s technology, the MDCs can digitally track their operations easily and get financing based on the performance of their businesses. Tanzania’s YC alum Ramani raises $32M to digitize CPG supply chains, lend resellers by Annie Njanja originally published on TechCrunch.

Tanzania 121
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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

Today, Africa’s largest digital payments network MFS Africa joins the fray. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa. T hat changed last month when it acquired Baxi , an agent banking platform developed by Capricorn Digital.

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