Technology & Innovation

Kenya Dominates PE and Venture Capital Funding in East Africa in the Last Decade, Uganda a Distant Second.

Jonathan N. LubwamaBanking & Financial ServicesBusiness & MarketsEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StorySeptember 15, 2023September 15, 2023

The East African Venture Capital Association (EVCA), a body that represents private capital providers including development finance institutions (DFIs), private equity and venture capital funds, family offices and impact investors…

Ugandan Fintech, Emata, Raises $2.4m to Expand its Agri-loan Services to East Africa

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StorySeptember 14, 2023September 14, 2023

Emata, a pioneering fintech and microfinance firm based in Uganda, has successfully secured $2.4 million in a seed funding round. The funds, which include $800,000 in equity and $1.6 million…

BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

Jonathan N. LubwamaBanking & Financial ServicesEast AfricaEntrepreneurshipTechnology & InnovationThe Big StorySeptember 13, 2023September 13, 2023

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…

Only 71% of Investors Get Regular Investor Updates from Portfolio Startups in Africa

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StorySeptember 12, 2023September 12, 2023

Startups need funding to grow at a speed that they want. This funding usually comes in the form of venture capital which is raised from VC firms, angel investors and…

Lipa Later Embarks on Ambitious $1.24M Raise in a Global Crowdfunding Campaign.

Jonathan N. LubwamaEntrepreneurshipNews & AnalysisTechnology & InnovationSeptember 7, 2023September 7, 2023

In a significant development for the African fintech sector, Lipa Later, a leading fintech platform, launched a global crowdfunding campaign after securing regulatory greenlight in the USA. The company aims…

How Abraham Banaddawa is Democratising Investment with Level Africa.

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StorySeptember 7, 2023September 7, 2023

When Abraham Banaddawa was studying medicine in the USA, he realised he wasn’t going to change much in the world. This realisation made him change courses to Business Administration where…

How Does Uganda’s Regulatory Stance Towards Crypto Compare With Other African Countries?

Jonathan N. LubwamaEast AfricaEntrepreneurshipNews & AnalysisTechnology & InnovationAugust 31, 2023August 31, 2023

Uganda has been a hotbed for cryptocurrency scams, largely due to the legal ambiguity surrounding the use of digital currencies. The country has had its fair share of crypto scams,…

Chipper Cash Valuation Slashed by Over 70% Amid Failed Acquisition Talks.

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryAugust 29, 2023August 29, 2023

In a dramatic turn of events, Chipper Cash, a leading fintech startup in Africa, has seen its valuation plummet by over 70%, from a staggering $2.2 billion to a mere…

Jumia Q2 2023 Report Highlights Reduced Losses amidst Challenging Economic Conditions.

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryAugust 16, 2023August 21, 2023

In the e-commerce sector, the ability to improve operational efficiency and achieve profitability is the pulse that beats within every organization’s heart. But for most e-commerce startups, including Jumia, it…

From Paintbrushes to Pixels: How Natasha Karungi Became Uganda’s Digital Art Trailblazer. 

Jonathan N. LubwamaEntrepreneurshipTechnology & InnovationThe Big StoryAugust 9, 2023August 9, 2023

Ever since she was a child, Natasha has been doing art. Her interest truly blossomed while at Makerere University where she was pursuing, ironically, a Bachelor of Commerce. But she…