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    Startups

    The Investors’ Digest: Ugandan Startups Need to Think About Regional Play from Day One – Petra Wolkenstein from Startup Wise Guys.

    Jonathan N. LubwamaFintechsICTIndustry & AnalysisProfilesStartupsThe Big StoryJune 9, 2023June 9, 2023

    CEO East Africa is thrilled to announce the launch of a groundbreaking series of articles titled “The Investors’ Digest,” which aims to shed light on the investors that are backing…

    How Mark Williams Nkugwa is Building A School on WhatsApp Using AI.

    Jonathan N. LubwamaICTNews & AnalysisProfilesStartupsJune 7, 2023June 7, 2023

    The emergence of artificial intelligence (AI) has ushered in a transformative era in technology, reshaping industries and revolutionizing the way we live and work. Over the past decade, AI has…

    East African Startups Raised the Most Funding in May 2023.

    Jonathan N. LubwamaICTStartupsThe Big StoryJune 6, 2023June 6, 2023

    As per Africa: The Big Deal, African startups raised $621.8 million from just 34 deals which makes it an average of $18.3 million per deal in May 2023. This is…

    Continuing its Cost-Cutting Measures, Chipper Cash Undertakes a Third Round of Layoffs Since December

    Jonathan N. LubwamaFintechsICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryJune 5, 2023June 6, 2023

    Pan African startup, Chipper Cash, has laid off at least 10 employees in its latest round of playoffs including the Global Head of Marketing and the Country Director of Kenya….

    Explainer: How Are Startups Valued?

    Jonathan N. LubwamaICTIndustry & AnalysisNews & AnalysisStartupsThe Big StoryJune 1, 2023June 1, 2023

    In startups and general businesses, valuation refers to the process of determining the financial worth or value of a company. It is an estimation of what the market considers the…

    Ugandan Fintech Zofi Cash Raises USD 1 Million to Disrupt the Salary Advance Industry in Africa. 

    Jonathan N. LubwamaCEOsICTProfilesStartupsThe Big StoryMay 29, 2023May 30, 2023

    Ugandan fintech, Zofi Cash, has raised USD 1 Million in a pre-seed round from Advancly. The funding round, which is purely debt, will see Zofi Cash extend its salary advance…

    How Paul Kirungi Left a Six-Figure Job in the USA to Start a Startup in Uganda.

    Jonathan N. LubwamaICTProfilesStartupsThe Big StoryMay 26, 2023May 26, 2023

    In September 2012, Paul Kirungi arrived at New York’s John F. Kennedy International Airport, with one goal in mind, to pursue the American dream. Paul had decided to leave behind…

    Two Ugandan Startups Selected for the Amazon AWS Fintech Accelerator.

    Jonathan N. LubwamaFintechsProfilesStartupsMay 26, 2023May 26, 2023

    Two Ugandan startups, Xazu Technologies and eMaisha Pay have been selected for the inaugural Amazon AWS Fintech Accelerator program. AWS (Amazon Web Services) is the cloud computing arm of technology…

    Jumia’s Q1 2023 Financials: Losses Fell by More Than 50% Despite a 22% Drop in Active Users.

    Jonathan N. LubwamaICTIndustry & AnalysisNews & AnalysisStartupsMay 25, 2023June 6, 2023

    Africa’s leading e-commerce platform, Jumia, recently recorded strong financial growth in the first quarter of 2023. This happened under her new leadership led by Francis Dufay who became full-time CEO…

    Fruits and Vegetables Decompose in Days. Jean-Paul Nageri Built a Biotech Startup to Extend Their Shelf Life to Months.

    Jonathan N. LubwamaProfilesStartupsMay 23, 2023May 23, 2023

    According to the Food and Agriculture Organization (FAO) of the United Nations (UN), Uganda loses an estimated 40% of its food to post-harvest losses, including spoilage. This means that for…

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