Annie Njanja

The Latest from Annie Njanja

In Africa, Kenyan startups have so far recorded highest funding growth this year

Kenyan startups raised nearly one billion dollars in the first half of 2022, surpassing what the country secured last year. Data shows that, of the big four in Africa — the quartet that includes Nig

Startups among entities to face tougher laws as Kenya moves to protect personal data

Startups processing personal data in Kenya are among the entities required to register with the Office of the Data Protection Commissioner (ODPC), as the East African country implements a law protecti

Kenyan insurtech Lami raises $3.7M seed extension led by Harlem Capital

Right from the launch of its first product in 2020, Kenyan insurtech Lami Technologies set out to increase insurance penetration in Kenya and the rest of Africa. It began on this path by building and

Kenya directs all banks to stop dealing with Chipper Cash, Flutterwave, saying they are unlicensed

A day after Central Bank of Kenya (CBK), Kenya’s monetary authority, said that Chipper Cash and Flutterwave were not licensed to operate in the East African country, the regulator has directed all f

Facebook risks ban in Kenya for failing to stop hate speech

Updated at 9:30am ET, July 30: Kenya’s ICT cabinet minister has said the country has no plans to shut down the internet or ban Facebook. He, however, failed to disclose how the government was re

US-based fintech Umba buys majority stake in Kenya’s Daraja microfinance bank

Umba, a U.S.-based digital bank with a focus on emerging markets, has acquired a majority share of Daraja, a Kenyan deposit-taking microfinance bank, for an undisclosed amount. Kenya’s monetary auth

Facebook glitch hides users’ comments on pages, draws mixed speculations

Facebook users were yesterday unable to engage in discussions or see comments on popular pages, causing confusion among some consumers, who thought they had been censored. Meta, Facebook’s parent co

As Africa’s digital economy grows, expensive internet hinders investor activity in some countries

A new report detailing the cost of mobile data in different markets across the world bears the evidence of why internet use in most of Africa remains low despite the growing broadband internet coverag

Rights groups tell Meta to stop efforts to gag whistleblower

Rights groups are calling on Meta to halt attempts to silence Daniel Motaung, a South African content moderator and whistleblower who is suing it alongside Sama, its main subcontractor for content mod

Kenyan VC firm FrontEnd Ventures unveils fund to back local founders

After spending years in London, matching Kenyans in the diaspora with investment opportunities back home, and later on as a credit portfolio manager at Barclays bank, Njeri Muhia sought a greater chal

Funding gap excludes Black-owned startups from South Africa’s booming digital economy

South Africa’s digital industry is among the fastest-growing segments of its economy. However, the low level of racial inclusion in funding and general financial muscle to compete is a growing conce

Big Tech companies in the spotlight as South Africa investigates dominance abuse

Big Tech companies are facing increased scrutiny in South Africa for dominance abuse and anti-competitive behavior, just months after the country’s competition regulator, the Competition Commission

SendSprint, by ex-Flutterwave executive, hits market with $5 flat fee for all international money transfers

SendSprint, a money transfer startup based in the U.K. but with operations in the U.S. and Nigeria, has been launched today with the unique selling point of a $5 flat fee for all transfers. The fintec

Persistent Energy raises $10M to grow its clean-tech venture building business in Africa

Persistent Energy has raised $10 million in Series C funding to grow its climate venture building business in Africa, in a round led by Kyuden International Corporation, a subsidiary of the Japanese K

Universal Music Group signs licensing deal with African streaming service Mdundo

The music catalog of the Universal Music Group (UMG), the world’s largest record company, will be available to users of Africa-focused streaming service Mdundo following the signing of a licensing d

Flutterwave denies money laundering and fraud allegations following accounts freeze by Kenyan court

Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya’s Asset Recovery Agency, which investigates and recovers proceeds of crime. This is after a total o

Autochek acquires CoinAfrique to grow its footprint in Francophone Africa

Automotive e-commerce company Autochek has expanded to new markets in Africa after acquiring CoinAfrique, a classified ad marketplace, nearly two months after the Nigerian startup acquired Moroccan au

US CFTC charges South African company over $1.7 billion bitcoin Ponzi scheme

The U.S. commodities regulator, Commodity Futures Trading Commission (CFTC), has filed civil charges against a South African company and its CEO for running a fraudulent commodity pool worth more than

Meta’s co-accused Sama to retain B Corp status until case is determined

Meta’s main subcontractor for content moderation in Africa, Sama, will retain its B Corp certification until the case against it in Kenya, over claims of union busting and exploitation, is determine

Venture studio Adanian Labs fuels startup growth in Africa

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