Due to Kenya’s long-standing dominance of tech innovation in the East African region, Tanzania is not regarded as a typical destination for VC-backed startups to launch or operate their businesses.
The government of Zanzibar and Wasoko (Africa’s fastest-growing company according to the Financial Times) announced the launch of Silicon Zanzibar.
Ramani, a software-as-a-service startup operating in Tanzania, has raised a $32 million Series A equity and debt round.
The startup says the funds will be used to scale its network of micro-distribution centres and also launch a new micro-credit offering for select MDCs.