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Sep
27
2023
By CONRAD ONYANGO, BIRD STORY AGENCY
Acquisition activity offers life-line to Africa’s fintechs, startups

Acquisition activity offers life-line to Africa’s fintechs, startups

BUSINESS
FINTECHS in Africa continues to show their resilience despite the drying-up of venture capital during 2023, as startups begin to enter strategic partnerships with each other and with larger financial institutions. Over the past two years, the continent has recorded 26 fintech startup acquisitions. That compares to just seven between 2019 and 2021 according to Disrupt Africa’s latest report, Finnovating for Africa: Reimagining the African financial services landscape 2023. “This suggests Mergers and Acquisitions (M&A) activity in the space is hotting up, which will serve as positive news for investors and entrepreneurs alike,” said authors of the report. South Africa…
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Apr
18
2023
By CHARLES WACHIRA, BIRD STORY AGENCY
This startup is offering opportunities to People with Disabilities

This startup is offering opportunities to People with Disabilities

NEWS
AT just two years of age, Fredrick Ouko contracted polio. The disease left him with both of his legs permanently damaged. It has also left him determined to ensure that people with disabilities get equal opportunities. Today, the 40-year-old identifies with the 2.2% of his fellow countrymen and women living with some form of disability. "I have known nothing else save for my physical disability. And that is why I clearly understand the potential "my kind" possess. But routinely they are denied employment opportunities because of their disability," says Ouko, founder and director of Riziki Source. Riziki Source is a…
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Feb
21
2023
By The African Mirror
This Kenyan death tech startup is digitising mourning

This Kenyan death tech startup is digitising mourning

NEWS
SETH ONYANGO, BIRD STORY AGENCY STARTUP Safiri Salama has ushered in an entirely new tech sector for Africa, with in an end-of-life, e-services platform that offers digital death notices, memorials, and a directory of funeral service providers. Safiri salama, Kiswahili for "Go in peace" or "Travel well," is a familiar farewell term used during East African funerals. The startup is taking an unexplored route in Africa, striving to fill a space between the burgeoning funeral industry and a lack of linking threads for grief-stricken families. "African communities typically avoid death and end-of-life discussions, leaving them vulnerable to exploitation as they…
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