Musha Ventures News Today

Thepeer, a Nigeria-based API startup that raised a $2.1 million seed round in June 2022, has shuttered its business.

Africa Business Communities

The Johannesburg-based company raised $8m from venture capitalists.

The local solar marketplace plans to accelerate adoption of rooftop solar by improving access to finance for homeowners and installers.

Over $60 million of investors fund may go down the drain, as nine Nigerian startups have shut down after few years of operation, LEADERSHIP finding has

Despite decreasing VC interest in growth-stage startups, Kenyan BNPL firm LipaLater says it is not crowdfunding  $1.2 million for the money. 

This week, Kenyan president William Ruto approved the use of the Unified Payroll Number (UPN) which will help the Kenyan government.

Kenyan startup Revivo, a B2B marketplace for consumer electronic spare parts, has announced a US$635,000 pre-seed funding round to help it scale.

Plus: Netflix releases a new docuseries on African Queens

In 2022, Jumia revealed it lost $207 million in 2022—$49.2 million in Q4 alone. The company also confirmed that it reduced its staff count in Dubai by 60%, and laid off 900 people in total in 2022. More in #TCDaily.