A Kenyan logistics startup that connects customers with delivery services but is currently under administration due to financial difficulties.
After Burning $50M, These African Founders Are Back. Should Investors Trust Them?
Meshack Alloys shut down Sendy in 2024 after failing to achieve sustainable unit economics. William McCarren's e-commerce startup Zumi collapsed after generating $20M in sales and acquiring 5,000 customers.
86% of African CEOs eye acquisitions as AI reshapes corporate strategy
86% of African CEOs plan to pursue mergers and acquisitions within the next three years, indicating a strong shift towards consolidation and technology-driven growth. Confidence in domestic economies has risen to 63%, reflecting cautious optimism among African business leaders.
Sendy loses $635,000 VAT case in ruling that could redefine how Kenya taxes Uber, Bolt
The High Court ruled that Sendy must pay KES 82.2 million in VAT to the Kenya Revenue Authority. Justice Helene R. Namisi stated that Sendy exercises control over delivery services, making it a service provider.
4 African startups that shutdown in Q1 2025
African tech startups secured $780 million in funding in the first half of 2024, a 57% decrease from 2023. 54gene, a Nigerian genomics company, and Sendy, a Kenyan logistics startup, shut down due to funding problems.
10 Startups to Watch in 2025 in East Africa
East Africa's startup ecosystem attracted $725 million in venture capital in 2024, with climate tech surpassing fintech as the top-funded sector. Twiga Foods has streamlined food supply chains, reducing post-harvest losses from 30% to just 4% within its network.
