A country in East Africa planning to implement a 140,000 e-bike initiative by 2028, indicating strong demand for electric mobility.
Spiro eyes 10x revenue jump to $200millon in 2025
Spiro projects $200 million in revenue for 2025, a tenfold increase from 2024's $20 million. The company's growth is linked to its pay-as-you-swap model, charging daily for battery exchanges.
BREAKING: Airtel Money plans 2026 IPO amid fintech growth push
Airtel Africa announced plans for an IPO of Airtel Money in the first half of 2026. The previous plan to list in 2025 was delayed due to evolving market conditions.
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.
