Moniepoint Inc. has finally secured its long awaited entry into East Africa, completing the acquisition of a 78 percent stake in Sumac Microfinance Bank and unlocking access to Kenya’s tightly regulated banking market. The deal, finalised in Nairobi, gives the Nigerian fintech a deposit taking licence, a critical piece of infrastructure that positions it to
Africa’s motorcycle taxi market, worth billions and powering daily mobility for millions, is becoming the next battleground for electric vehicles. Now, an East African startup wants to lead that transition. Zeno, an electric mobility startup building battery-swap motorcycles for Africa’s bodaboda riders, has raised $25 million in Series A funding to scale production of its
For nearly two decades, every M-Pesa payment in Kenya quietly exposed one critical piece of personal data: the sender’s phone number. Whether paying for fuel, groceries, or a boda boda ride, users automatically shared their mobile numbers with recipients and merchants. That number could be stored, shared, resold — or worse, harvested for fraud. Now,
Africa’s informal transit system moves millions of people daily, yet it largely operates without digital coordination, predictable scheduling, or structured revenue models. Kenyan startup Exodus Mobility is building the operating infrastructure designed to bring order, transparency, and reliability to that fragmented ecosystem — without displacing the operators who power it. Founded in 2022, Exodus Mobility
Twiga Foods, one of Kenya’s most prominent agri-tech startups, has announced a new round of internal reorganisation that will affect roles within its supply chain department, as it prepares to pause operations temporarily in Nairobi. According to the news report published by TechTrends Kenya, this move is part of Twiga’s final phase in a broader