-
Flowt boosts lending for Kenyan small businesses
Kenyan fintech startup Flowt is seeking to reshape how small businesses access working capital after raising $550,000 in funding as it works toward building a $1 million loan book by the end of 2026. The Nairobi-based company uses artificial intelligence and financial data to assess businesses that may struggle to qualify for traditional bank financing.…
-
ARC Ride secures $33.3 million to drive electric mobility beyond Kenya
Kenyan electric mobility company ARC Ride has raised $33.3 million in new financing as it prepares to expand its battery-swapping business beyond Kenya and deepen its presence across Africa. The funding round was led by Novastar Ventures and Norrsken22, with participation from the International Finance Corporation (IFC), British International Investment (BII), Proparco and existing investors.…
-
Bolt Poised to Benefit from Uber’s Nigeria Exit
Uber’s sudden exit from Nigeria has created a major opening in the country’s ride-hailing market, and Bolt appears well positioned to benefit. After 12 years of operations, Uber ended its Nigerian ride-hailing business on September 2, 2026, leaving drivers and riders searching for alternatives. Among the platforms competing for this displaced market, Bolt could emerge…
-
PromiseLand Launches ProTaxi in Nigeria’s E-Hailing Market
Nigeria’s e-hailing market is set to welcome a new local competitor as PromiseLand Innovations Limited prepares to officially launch ProTaxi on October 1, 2026. The homegrown ride-hailing platform is entering the market with a focus on affordable transportation, technology, safety and environmentally friendly mobility. ProTaxi is designed to connect passengers with verified drivers through a…
-
Kili Ventures Backs Jenzy to Transform African B2B Payments
Kili Ventures has announced its fourth investment, backing Jenzy, an African fintech building infrastructure to make cross-border business payments more reliable across the continent. The investment comes as African businesses increasingly trade across borders but continue to face fragmented banking systems, limited foreign-exchange liquidity and payment delays. Kili Ventures says about one in four B2B…
-
Uber-Delivery Hero Deal Clears Key Hurdle
Uber’s proposed $14.8 billion acquisition of Delivery Hero has moved closer to completion after the German food-delivery company’s management and supervisory boards backed the takeover and recommended that shareholders accept the offer. The development gives Uber an important boost as it attempts to build one of the world’s largest food-delivery businesses. The deal, announced in…