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.
Condia Insider: Kenya’s gig economy meets its tax match
Airtel Africa reported a profit of $376 million in H1 2025, a substantial increase from $79 million the previous year. The profit surge was attributed to a $90 million foreign exchange gain and growth in data and mobile money services.
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.
