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

TechCrunch

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. Despite this success, SafeBoda struggled in its third market, Kenya — a market it expanded to and left before Nigeria. Ibadan is one of the cities where SafeBoda operates.

Uganda 133
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MoKo, Kenya’s home furniture startup, raises $6.5M

TechCrunch

Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. There’s still so much room to better serve millions of families in Kenya.

Kenya 96
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Nigerian blockchain payments startup Bitmama closes $2M pre-seed as it scales to new markets

TechCrunch

Countries such as Nigeria, Kenya and South Africa are majorly responsible for skyrocketing adoption rates as citizens try to hedge against currency devaluation and build wealth. For instance, we were the first to launch QR codes for offline onboarding. One thing which is the backbone of Bitmama is that we are very innovative.

Africa 145
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Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding

TechCrunch

Kapu founder, Sam Chappatte , former Jumia Group executive vice president, said the startup has since inception in January this year been building a B2C e-commerce service that enables consumers buy groceries at lower prices, through online and offline channels. It will soon support WhatsApp orders too.

Fund 90
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Tanzanian fintech NALA raises $10M seed to build Revolut for Africa

TechCrunch

to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. The business opportunity for remittance is lucrative despite digital lenders vying for less than 20% of the international money market dominated by traditional offline players. and the E.U.,

Africa 98
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Stax gets $2.2M for its app that lets Africans make transactions via automated USSD codes

TechCrunch

In a market where internet-enabled app-based banking can reach 300 million subscribers on the continent, USSD technology, predominantly offline and used mainly by feature phones, outpaces it with 850 million connections. And so what we’re doing is building for them, because despite having a smartphone, they want to be offline.

Kenya 82
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African healthtech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative

TechCrunch

Salient surveyed over 80 companies across Ghana, Kenya, Nigeria, and Uganda, 25% more than the number it tracked in its last report in 2021. Online pharmacy regulations have been launched in Nigeria and Ghana and are in development in Kenya and Uganda. As such, their growth has been rapid, Salient says.

Ghana 114