Koolboks, a Nigeria- and France-based cleantech startup that builds solar-powered freezers and sells to businesses, has raised $11 million in Series A funding to expand its cooling-as-a-service business across Africa and establish its first local assembly plant in Nigeria. The Series A was co-led by KawiSafi Ventures, Aruwa Capital, and All On—the latter two being

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OurPass once promised to be a game-changer—a one-click checkout platform that would smooth the path for online commerce. But in three years, after three pivots, the startup has left a trail of arrested staff, unpaid employees, stranded customers, and unanswered regulatory questions. On the morning of Wednesday, June 19, 2024, OurPass’s leadership team gathered for

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Uganda has no shortage of hackathons, accelerators, or training programmes for young entrepreneurs. What it lacks is money. “Everyone wants to train you, accelerate you, but no one wants to invest in you,” says Ethan Bampeire, co-founder of Neexa AI. “And when they do, it’s usually very small cheques.” His company is building an AI-powered

Sterling Bank, a Nigerian tier-2 bank with a market capitalisation of ₦390.9 billion, has said its homegrown core banking application (CBA), SEABaaS, processed two billion transactions over the past year without downtime. The lender switched from T24, built by Geneva-headquartered Temenos AG, to SEABaaS as part of a wave of core banking migrations across the

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