FSD Africa Launches $30M Fund, Samsung Partners with JKUAT & Latitude59 Selects Startup Finalists

FSD Africa has launched a $30 million Insurtech Fund (3iF) to invest in early-stage insurtech startups across Africa, aiming to boost inclusive insurance for underserved populations. The initiative also includes a new regulatory toolkit to streamline approvals. In a separate effort, Samsung Electronics East Africa has partnered with Jomo Kenyatta University of Agriculture and Technology (JKUAT) to launch the Samsung Innovation Campus (SIC). This initiative aims to address Kenya's AI skills gap by training 80 students annually in AI, IoT, and Big Data. Additionally, ten startups have been selected for the final pitch competition at the Latitude59 Kenya Edition 2025 from over 200 applications. These finalists will present their solutions from December 3 to 5, 2025, in Nairobi.