Trump’s USAID Shutdown Strikes Blow to African Startups, Halting Critical Funding
President Trump's executive order has halted USAID funding, affecting vulnerable populations and startups. USAID's Development Innovation Ventures invested over $100 million in Kenyan startups over the past decade.
USAID shutdown: A $100 million setback for Kenyan startups
President Trump's executive order to shut down USAID has halted essential aid worldwide. USAID's Development Innovation Ventures (DIV) invested over $100 million in Kenyan startups over the past decade.
iProcure, a Kenyan agritech startup, files for bankruptcy amid capital shortfall
iProcure, a Kenyan agritech startup, has filed for bankruptcy after failing to secure additional capital from investors. The court has appointed KPMG Advisory Services to oversee all aspects of iProcure, including properties, operations, and creditors' claims.
Record funding in women-led healthtech startups sets agenda for founders
Women-led healthtech companies in Africa raised $52 million in funding in 2023. Kasha, Maisha Meds, Dawi Clinics, and Chefaa were responsible for a 2,000% increase in funding to women-led companies in Africa's healthtech industry.
Zambia startup Save&Remit wins pitch competition at Africa Fintech Summit
Zambian startup Save&Remit won the Alpha Expo pitch competition at the Africa Fintech Summit. Trade Lenda from Nigeria and aXion Zorn from Uganda secured second and third place respectively.
