Kenya-based Business to Customer e-commerce company, Copia Global, secured a $50 million funding in a Series C equity round directed by Amsterdam-based Goodwell investments.  The financing round admits a variety of investors, including “Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), Koa Labs, Loghtrock, German development finance institution (DEG), and Perivoli Innovations,” according […]

Kenyan tech-led consumer credit platform, Lipa Later, announced plans to reach different frontiers by widening its horizon to reach new markets in Africa, and be endorsed by a $12 million pre-Series A funding.  Steered by Cauris Finance, Lateral Frontiers VC – one of the platform’s first investors – and GreenHouse Capital, the equity and debt funding round was also […]

Telkom Kenya takes a new direction amid proposed joint venture with Airtel Kenya

Telkom Kenya has announced the so-called “bold decision to carve out a new direction”, according to Developing Telecoms. This move came out after an abrupt end of the planned merger with Airtel Kenya. Telkom Kenya, the East African nation’s smallest telecom operator, is 60% owned by Helios Investment Partners LLP and the rest by the […]

Loon A balloon to help bridge the digital divide in Kenya

Kenya has progressed with the deployment of 5G networks. However, a number of Kenyans remain unconnected especially those who are living in rural areas. According to the World Bank report issued in October 2019, 44% of Kenyans living in urban areas have access to the Internet. However, less than 20% of the population is connected. […]

Political and technical challenges may delay 5G deployment in Kenya

“A digitally empowered citizenry, living in a digitally enabled society.” This is the 2019 Digital Economy Blueprint vision for Kenya. It seems that 5G deployment is key for Kenya’s economy. During his presentation about the Financial Year 2019 to 2020, Henry Rotich, Former Treasury Cabinet said that the digital economy would boost the country’s economic […]