This Week in African Tech 🌍

Jiji is betting on Bangladesh 🎲

Hey 👋🏽, 

OpenAI just gave ChatGPT a serious glow-up. It can now generate and edit photos with GPT-4o, and the internet wasted no time flooding timelines with Ghibli-style art that looks straight out of a Miyazaki film.

Meanwhile, in African tech, it’s lawsuit season in Kenya. Marketforce has to cough up $16K, Safaricom just dodged a legal bullet, and Lipa Later’s troubles have landed it in administration.

We’ll get to the roundup in a sec.

But before we do, we have an announcement.

Tech Safari is going to Uganda 🇺🇬

Next month, we’re throwing two epic events in Uganda — and you’ve got to be there.

It’s our first time in Uganda and we’re going all out. Come through and let’s make it special. Here’s what we have lined up

🎯 April 16Sling Money Session
A high-energy, hands-on meetup for fintech founders, devs & designers.
(It’s free — just make sure to sign up on the Sling Money app)

🎉 April 17Tech Safari Mixer
You know the vibes: Deep conversations, real connections, food, drinks & great people.

Now, on to this week’s roundup….

Tech Roundup

  • African e-commerce platform Jiji is expanding to Bangladesh. With 131 million internet users and a growing demand for digital shopping, Bangladesh presents a key growth opportunity for Jiji.

  • A Kenyan court has ordered collapsed e-commerce startup Marketforce to pay former product manager Tom Maina Chege KES 2.1 million ($16,000) in wrongful termination dues and compensation.

Marketforce co-founder, Tesh Mbaabu

  • Alibaba has partnered with Nigerian logistics platform Kwik to support local exporters with access and special rates. Kwik will promote the platform to Nigerian manufacturers and exporters, who will receive discounted membership rates.

  • Russian automaker AvtoVAZ is expanding into Nigeria with plans to establish a spare parts hub and service center at Lagos' Lekki Free Trade Zone. The company is also in talks with the government to set up a local assembly plant.

AvtoVAZ plans to establish a spare parts hub and service center at the Lekki Free Trade Zone in Lagos.

  • A Nairobi court has dismissed Davidson Ivusa’s lawsuit against Safaricom over its "Reverse Call" feature. Ivusa claimed Safaricom took the idea from his 2010 proposal, but the court ruled the case lacked merit.

  • Zimbabwean fintech Mukuru is expanding across Africa as mobile money adoption grows. The firm serves 17 million users across Africa, Asia, and Europe, processing $3.5–$4 billion in payments annually.

Mukuru currently serves 17 million users across Africa, Asia and Europe

Lipa Later enters administration after months of financial struggles

  • Tunisia is suspending ride-hailing app Bolt over allegations of tax evasion, money laundering, and operating without proper licenses. The move comes as Tunisia prepares to launch a state-backed ride-hailing app to regulate fares, address driver concerns, and cap prices at 1.5 times the taxi meter rate.

Bolt’s crackdown comes as Tunisia prepares to launch a state-backed ride-hailing app

Deal Roundup

  • KCB Group is acquiring a 75% stake in Kenyan fintech Riverbank Solutions for $15.4 million, pending regulatory approval. Having used Riverbank’s platform since 2013, the bank now plans to expand SME services with financial tools, digital loans, and treasury management.

  • South African HR startup Jem HR has raised $3.3 million in pre-Series A funding. The round includes equity led by Next176 and a $1.65 million private debt facility. The funds will support growth and product development.

Jem HR’s new funding will drive its product development and expansion

  • The International Finance Corporation (IFC) is lending $70 million to Airtel Kenya as part of a $100 million package for Airtel Africa’s East African operations. The funds will support network expansion, upgrades, and debt refinancing.

  • Nigerian fintech Payhippo has rebranded as Rivy and secured $4 million in pre-Series A funding to expand its clean energy financing business. The funding, equally split between debt and equity, will support growth beyond Nigeria. EchoVC co-led the equity round, while local lenders provided the debt financing.

Rivy’s Chioma Okotcha (COO) and Dami Olawoye (CEO) of Rivy

  • Tunisian legal-tech startup Juridoc has secured funding from 216 Capital and Go Big Partners. The investment will enhance its AI-based search engine, expand its legal database for new markets, and boost marketing efforts to drive platform adoption.

  • Egyptian fintech enza has raised $6.75 million in a seed round co-led by Algebra Ventures and Quona Capital. The funds will help expand its presence in key African markets, strengthen partnerships, and better serve local clients.

enza is expanding its presence in key African markets

Other Events and Opportunities

  • Thinking of expanding to Africa? Itana is hosting a Business Exploration Trip to Nigeria from April 29 to May 4. Meet government leaders, top investors, and tech founders while touring key hubs like Flutterwave HQ, and the Nigeria Stock Exchange. Only 15 spots available. Apply here.

And that's a wrap!

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That’s it for this week. See you on Wednesday 😃 

Cheers,

The Tech Safari Team

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