Venture Capital Archives

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

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 among others

September 15, 2023

Banking & Financial Services·Business & Markets·Entrepreneurship·News & Analysis·Technology & Innovation·The Big Story

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

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 other programs

September 12, 2023

Entrepreneurship·Technology & Innovation·The Big Story

CEO East Africa Explains: Venture Capitalists Invest in Startups, But How Do They Make Money?

On a regular basis, tech publications are awash with stories of startups raising funding from investors, who more often than not, are venture capitalists. This type of funding is called venture capital,

July 24, 2023

Business & Markets·Entrepreneurship·Technology & Innovation

A group of SafeBoda Drivers. SafeBoda is one of Uganda's Most Funded Startups.

CEO East Africa Explains: What Are Startup Funding Rounds?

2022 was a good year for startups in Uganda. Startups here raised $70m across that year according to Africa: The Big Deal data. Some of the standout deals that year included Rocket

July 14, 2023

Business & Markets·Entrepreneurship·Technology & Innovation·The Big Story

African Startup Funding Declines by 70% in June 2023.

Startups raise funding for various reasons that are essential for their growth and success. Firstly, funding provides the necessary capital to support and accelerate the growth of startups. It enables them to

July 3, 2023

Entrepreneurship·News & Analysis·Technology & Innovation·The Big Story

East African Startups Raised the Most Funding in May 2023.

As per Africa: The Big Deal, African startups raised $621.8 million from just 34 deals which makes it an average of $18.3 million per deal in May 2023. This is a 42%

June 6, 2023

Entrepreneurship·Technology & Innovation·The Big Story

Ugandan Fintech Zofi Cash Raises USD 1 Million to Disrupt the Salary Advance Industry in Africa.

Ugandan fintech, Zofi Cash, has raised USD 1 Million in a pre-seed round from Advancly. The funding round, which is purely debt, will see Zofi Cash extend its salary advance services to

May 29, 2023

C-Suite Leadership·Entrepreneurship·Executive Profiles·Technology & Innovation·The Big Story

How Future Africa’s Olga Kiconco is Charting Her Own Path in Venture Capital.

When Olga Kiconco finished her Bachelor’s Degree in Telecom Engineering at a university in Malaysia in 2013, she knew it was time to look for jobs. But when she came back to

May 22, 2023

Entrepreneurship·Executive Profiles·Technology & Innovation

Kenyan e-commerce startup, Copia Global, announced its exit from the Ugandan market after close to two years of operation.

Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham argued that

May 5, 2023

Business & Markets·Company News·Entrepreneurship·Global News·News & Analysis·Technology & Innovation·The Big Story

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