Startup
Carbon Credit Catastrophe: Koko Networks Forced to Sell Assets!
Koko Networks, a clean-cooking company, is selling its assets after shutting down due to Kenya's refusal to approve carbon credit sales. The sale, managed by PwC, includes patents, factories, and its distribution network, highlighting the risks of businesses reliant on policy-dependent revenue. This event raises critical questions for climate-finance projects and investors in Africa.
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Future Unicorns: Renew Capital Fuels 15 African Startups in New Venture Lab!
Renew Capital's inaugural Venture Lab has selected 15 African technology startups from over 500 applicants across 48 countries, signaling a crucial shift in venture capital towards early-stage support. These startups are largely focused on developing financial tools for small and medium-sized businesses, reflecting a broader trend of fostering investment readiness and diversifying innovation beyond consumer fintech across the continent. The initiative aims to strengthen businesses and provide access to vital funding and mentorship.David Isong
South African Fintech Float Conquers UK Payments Landscape
South African payments startup Float has expanded into the UK, bringing its unique card-linked instalment platform that allows shoppers to split purchases on existing credit cards into interest-free monthly payments. This move, supported by the UK Government, marks Float's first international expansion, showcasing African fintech's growing global reach. The company aims to compete in the large UK market by offering convenience and lower integration costs for merchants.David Isong
Gaming Giant Supercell Fuels African Startups with $200K Grants
Supercell has launched its first Developer Grants Program, offering equity-free funding of $20,000 to $200,000 to African game studios. This initiative aims to address the critical lack of early funding for developers on the continent, fostering game creation and providing a route to the global industry.David Isong
Six Legendary African Business Deals That Paid Off
A legendary deal is never just about the numbers. It’s about knowing what something is worth, before the world does.Ibukun Oluwa