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Top theouut.com News

Ugandan Startups Face Privacy Compliance Challenges, Seek Practical Solution
Startups · Uganda

Ugandan Startups Face Privacy Compliance Challenges, Seek Practical Solution

100% Center coverage: 1 sources
Ugandan startups are struggling to comply with the country's Data Protection and Privacy Act, exposing a significant gap between knowledge and implementation and fueling calls for accessible compliance solutions.See the Story
Flutterwave Slashes Workforce in Kenya, South Africa - Tech
IPO · Kenya

Flutterwave Slashes Workforce in Kenya, South Africa - Tech

Flutterwave has reportedly laid off around half of its staff in Kenya and South Africa, in a bid to cut costs and keep the company on track toward profitability.  The move, which began quietly in March 2025, shows a change in strategy for Africa’s highest-valued startup. The layoffs have hit the company’s compliance, legal, human resources, and sales units, roles Flutterwave now appears to be relocating to its home market, Nigeria. The rationale…See the Story
African Fintech Wave Secures $137M Debt Funding to Expand Mobile Money Footprint
Finance

African Fintech Wave Secures $137M Debt Funding to Expand Mobile Money Footprint

Wave Mobile Money, a mobile financial service that offers affordable solutions for saving, transferring, and borrowing money across Africa, has secured $137 million in debt financing to expand operations across existing and new markets. The funding led by Rand Merchant Bank (RMB) and backed by global development finance institutions, including British International Investment (BII), Finnfund, […] The post Wave Secures $137M Debt Funding to Expan…See the Story

d.light Expands Financing for Solar Energy in Africa

timesng.com: Nairobi, Kenya D.light, a solar energy company founded at Stanford University, has significantly increased its capacity for consumer financing in Africa. On July 1, 2025, the company announced the expansion of its receivables financing facility, allowing it to purchase over $300 million in consumer debt. This brings its total securitized financing capacity to an impressive […] This post d.light Expands Financing for Solar Energy in …Renewable EnergySee the Story

Intron Incorporates Africa-centric Voice AI into Ogun Judiciary, Others

By Adedapo Adesanya Africa-centric voice technology platform, Intron, has announced its integration into several platforms, including legal services, patient care, and customer experiences across Africa. The company, which has built a suite of best-in-class speech recognition and text-to-speech AI models specifically for African voices and accents, launched its clinical speech recognition platform in 2022 for […]Artificial Intelligence · LagosSee the Story

500 Kenyan Startups to Benefit from New UK Deal

Kenya and the United Kingdom have signed a renewed five-year Strategic Partnership that will significantly boost investment in Kenya’s digital economy, startups, and small businesses. Even though the deal is structured around four key areas: trade and investment, green growth and climate action, science and technology, and peace and security. Kenyan startups and SMEs stand to benefit directly from the new funding commitments. The UK has pledged …Startups · KenyaRead Article

Kenya's BuuPass Secures Funding From Yango Ventures To Expand Intercity Transport

Kenyan mobility startup BuuPass has secured an undisclosed strategic investment from Yango Ventures, marking a new phase in its plan to digitise long-distance travel across Africa. The deal brings fresh backing from Yango Group’s newly launched USD 20 M corporate venture fund, focused on high-growth markets in sectors like B2B SaaS, fintech, and O2O platforms. Founded in 2016 by Sonia Kabra and Wyclife Omondi, BuuPass has become a central layer …Kenya · KenyaSee the Story

NBE Mandates Full Dematerialization of Government and NBE Securities - Capital Newspaper

In a landmark move to modernize its financial sector, the National Bank of Ethiopia (NBE) has mandated the dematerialization of all government and NBE securities, transitioning from paper-based certificates to an electronic book-entry system. The new directive, No. MFAD/001/2025, aims to enhance market efficiency, transparency, and investor confidence while mitigating systemic risks. As per the new directive all government and NBE securities mus…Ethiopia · EthiopiaSee the Story

Ghana’s Liquify Raises $1.5M to Digitize Trade Finance for African Exporters

Ghanaian fintech startup Liquify has secured $1.5 million in seed equity funding—plus additional debt financing—to modernize trade finance for African SMEs. The round was led by Future Africa and included Launch Africa, 54 Collective, Digital Africa, Equitable Ventures, and angel investors. Impact lender Emerald Africa also provided a debt facility to boost liquidity. Why it […] The post Ghana’s Liquify Raises $1.5M to Digitize Trade Finance for…Trade · GhanaSee the Story

Africa’s Fintech Startups Rebound as Early-Stage Funding Recovers in 2025

Africa’s fintech sector is showing signs of recovery after a sharp funding decline between 2022 and 2024. Early-stage fintech startups raised $1 billion in the first half of 2025, marking a 40% increase compared to the same period in 2024. This rebound comes after a 52% drop in venture capital deals and a 37% decline in sector investment over the previous two years. Fintech remains the most active sector for startup funding in Africa. In 2024 al…StartupsRead Article

South African Crypto Startup, Momint, Shuts Down Due to ‘Limited Capital and Market Shifts’

South African crypto startup, Momint, once hailed as a pioneering social media and NFT marketplace, is shutting down. According to coverage on BitKE, Momint initially drew attention for helping African creators monetize digital content through NFTs. Introducing Momint – The First South African NFT Platform Accepting ZAR Payments: https://t.co/rvKfZU68yi #NFTs — BitKE (@BitcoinKE) May 3, 2021 The platform facilitated over 400,000 transactions, …Social Media · South AfricaSee the Story

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