Startups articles


Former Jumia Co-founder, Raphael Afaedor Announces His New Venture

Former Jumia Co-founder, Raphael Afaedor Announces His New Venture

Raphael Afaedor, the former co-CEO of JUMIA Nigeria who officially left the Rocket Internet-backed e-commerce company in January 2014, is finally breaking his silence today with the announcement of a new venture.


Spark-backed Stock Image Startup, Foto Wants To Be the Digital Distribution Marketplace For Photographers in Africa

If you work in the creative, web or publishing industries in Africa, you would agree that it could be really tough getting that perfect image to use for your work. Often times, the project may require that you use an African-esque landscape or a simple, yet unique portrait image.


5 African Start-ups Receive Seed Funding From Microsoft

In a bid to empower the next generation of developers and entrepreneurs in the continent, Microsoft has awarded five African start-ups across Kenya, Uganda and Nigeria with innovation grants, through its 4Afrika initiative launched last year.


Rocket Internet-Backed Food Delivery Service Launches in Tanzania and Uganda

Rocket Internet-backed food delivery service foodpanda and its affiliate hellofood have received an additional $20 million in funding to expand to 40 different markets, including Tanzania and Uganda.


Tony Elumelu’s Heirs Holdings Invests In U.S. Space Technology Startup, Planet Labs

San Francisco-based Heirs Holdings, the pan-African proprietary investment company founded by former United Bank for Africa Group CEO, Tony Elumelu, has announced an undisclosed investment in US start-up Planet Labs.