Flutterwave, an Africa-focused payment technology company, has raised $170 million in a Series C round, positioning itself to further connect and capitalize on the continent’s thriving yet highly fragmented digital payment landscape.
Spotify is expanding to 40 more African countries. The audio streaming service is trying to tap into the growth opportunity presented by the continent, following its initial entry into South Africa, Morocco, Egypt, Algeria, and Tunisia in 2018. In total, Spotify is entering 86 new markets in different parts of the world, to help “ensure that sounds and stories that once remained local can reach a global audience,” the company says.
African logistics startups are positioning themselves to play a key role in the African Continental Free Trade Area (AfCTA), the largest free-trade area in the world by the number of participating countries, which launched on Jan. 1.
African entertainment startups had their best funding year on record last year, even as they struggle to find business models that work in the continent, according to a new report.
A new Kenyan bill seeks to license and regulate digital lending platforms in the country, in a bid to clamp down on the issuance of high-interest loans as well as the predatory practices that have accompanied the industry’s massive growth.
Satire has been a key feature of Kenyan political culture for decades now, humorously exposing and criticizing wrongs while also acting as a litmus test for free speech.
When Kenya secured a $3.2 billion loan from China in 2014 to construct the Standard Gauge Railway (SGR) connecting its capital Nairobi and the port city of Mombasa, critics termed the project costly and worried about its debt burden on Kenya.
