Startup News

Kotani Pay’s Mission to Revolutionize Cross-Border Remittances in Africa

In the realm of cryptocurrency’s lofty promises, one shines particularly bright – its potential to bring financial inclusion to underserved users. Nairobi-based Kotani Pay is at the forefront of this revolution, aiming to simplify cross-border remittances for the vast underbanked populations across Africa. Breaking Down Barriers The two-year-old startup has set its sights on a […]

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Kenya Proposes Tax Breaks for Startup ESOPs in New Finance Bill

Kenya is proactively promoting innovation in its startup ecosystem by proposing a specialized tax regime for Employee Share Ownership Plans (ESOPs). The finance bill for 2023 puts forward a deferred tax approach, suggesting that taxes on shares given to employees be delayed until specific triggering events occur. These events include the passage of five years

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M-KOPA Raises $250 Million+ in Debt and Equity to Strengthen its Asset Financing Platform

M-KOPA, the African asset financing platform that provides access to “productive assets” and enables customers to pay for them through digital micropayments, has raised over $250 million in new funding. The funding includes $55 million in equity and over $200 million in debt, a significant amount for a growth-stage company in the current venture capital

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NovFeed Wins Big: $1M Milken-Motsepe Prize for Cutting-Edge Agritech

NovFeed, a Tanzanian biotech company, has been declared the champion of the Milken-Motsepe Prize in Agritech, a competition aimed at promoting technological advancement towards the UN Sustainable Development Goals (SDGs). The company emerged victorious over 3,300 other competitors from 105 countries on six continents, receiving the $1 million prize at the Milken Institute Global Conference

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The Good Things about Working for a Big Company

Companies with a large number of employees have the potential to provide a rich and rewarding career for creative professionals. Some of the things that make companies better for creative professionals are; company culture, good work-life balance, opportunities to grow and learn, and great benefits. There are many different types of companies that are great

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Byju’s Acquires Us-based Reading Startup Epic For $500m

India-based edtech company Byju’s announced it acquired US-based reading startup Epic for $500 million. The company didn’t disclose the value of the transaction in a filing to the BSE on Monday.  Following the completion of the acquisition, Epic’s assets and services would be integrated into Byju’s existing learning platform. Epic is an education-tech company headquartered

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