A country in East Africa planning to implement a 140,000 e-bike initiative by 2028, indicating strong demand for electric mobility.
Sawa Energy Secures EU-Backed Funding to Advance Clean Power in East Africa
Sawa Energy secured EUR 2.5 million in equity funding from the ElectriFI initiative. The funding will be used to expand solar and energy storage offerings in Uganda and Rwanda.
Spiro raises $100 million as it takes over half of Kenya’s electric bike market
Spiro raised $100 million in funding to expand its battery-swapping network. The funding round was led by Afreximbank’s Fund for Export Development in Africa.
Study: Impact of Uganda Labor Laws on Startups
Startups face hurdles like mandatory benefits, minimum wage laws, and complex documentation processes. Compliance costs, including contributions to social security and penalties for non-compliance, can strain finances.
MTN’s Fintech Spin-Off Clears Path for Mastercard Investment
MTN Group is separating its fintech businesses in Nigeria, Ghana, and Uganda. Mastercard is set to acquire a minority stake in MTN's fintech division.
Network International Partners with MTN Group Fintech on Payment Processing
Network International appointed as Payment Processor – Issuing partner for MTN Group Fintech. Partnership expands Network International’s footprint in Africa.
