A country in East Africa known for its diverse wildlife and natural landscapes, but currently facing political unrest and internet censorship.
Tanzania, East Africa’s next startup powerhouse, is heating up
Tanzania raised nearly $300 million for startups since 2019, becoming one of the top 10 investment destinations in Africa. In 2024, Tanzania's startup funding totaled $53 million, marking a significant increase from $25 million in 2023.
PalmPay Eyes Up to $100M in Fresh Funding as it Pushes Beyond Nigeria
PalmPay is in talks to raise between $50M and $100M in a Series B funding round. The company has already raised nearly $140M in previous funding rounds.
Tanzania’s internet blackout enters Day 2
Tanzania is in its second day of a nationwide internet blackout affecting major networks. The blackout follows a politically charged incident where the Tanzania Police Force's X account was compromised.
Kenyan Startup Badili Secures US$400,000 for Refurbished Electronics
Badili secured a US$400,000 debt facility from Proparco to support its refurbished electronics initiative. The startup operates in Kenya, Tanzania, and Uganda, focusing on the resale of used or damaged mobile phones.
