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👨🏿‍🚀TechCabal Daily - Another Kenyan startup faces closure

Months after foodtech Kune shut down for similar reasons, another Kenyan startup, Sky.Garden, is facing closure. In termination letters to employees, the CEO revealed that the company was running out of money & would close down in October.

Vendease, a food procurement platform for African restaurants, nabs $30M led by Partech Africa and TLcom

Building on its relationship with food suppliers, Vendease buys discounted products in bulk, stores them and makes deliveries through third-party partners.

How Senegal s site of human tragedy turned into opportunity | fDi Intelligence – Your source for foreign direct investment information

Germany s KfW to commit US$44 7 mln to tech-focused Partech Africa II

With such commitment, KfW joins a pool of international financial institutions that pledged commitment to the Partech Africa II fund. Its investment

Wave, a Stripe-backed African fintech valued at $1 7 billion, cut 15% of its staff in June – TechCrunch

Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. TechCrunch first got a whiff of the layoff news on LinkedIn, where Jessica Chervin, a former Andela executive who joined Wave as an expansion lead in March, wrote that she was leaving […]

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