- The Bank of Central African States (BEAC), central bank for the six CEMAC member countries—Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic—announced on May 27, 2025, a record liquidity injection of 420 billion CFA francs to commercial banks across the region. This…
- The African Development Bank’s (AfDB) 2025 economic outlook has spotlighted a staggering financial hemorrhage: Africa loses over $587 billion annually due to capital flight—money that could otherwise transform the continent’s infrastructure, social services, and economies. This crisis persists amid…
- Konexa, a prominent renewable energy developer and investor, is accelerating Nigeria’s clean energy growth with a landmark $80 million solar power project supported by the Seed Capital Assistance Facility (SCAF). Confirmed on May 26, 2025, this funding partnership underpins the development of a 50…
- The Dealroom Global Tech Ecosystem Index 2025 has thrust African cities such as Lagos, Nairobi, and Johannesburg into the global spotlight as rapidly emerging hubs of technological innovation. While headlines often focus on unicorn counts and skyrocketing valuations, the true story of Africa’s tech…
- Explore effective customer acquisition strategies tailored for African startups, addressing unique market challenges and leveraging local insights.
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- Achieving PCI DSS certification is crucial for African startups, ensuring payment data security and fostering growth in the fintech sector.
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- Explore how smart cities in Africa drive economic growth through job creation, efficient resource management, and technological innovation.
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- In a historic development for Egypt’s financial sector, Catalyst Partners Middle East finalized the nation’s first special purpose acquisition company (SPAC) merger by acquiring digital lending startup Qardy in a transaction worth EGP 1.16 billion (approximately $23.15 million). Announced this week…
- Foreign currency shortages and bureaucratic obstacles are driving Egyptian startups to move overseas, but Cairo is responding with a new incentive: tax-free zones aimed at helping tech companies grow. The government aims to keep entrepreneurs in the country and draw regional investors by offering…
- Lagos ranks as the world’s fastest-growing tech ecosystem in Dealroom.co’s Global Tech Ecosystem Index 2025. With a population of 21.3 million, the Nigerian city has recorded an 11.6-fold increase in startup enterprise value since 2017, despite persistent issues like unstable infrastructure and…
- Aruwa Capital Management, a female-led private equity firm in Lagos, has secured $35 million in the second close of its gender-focused fund, Aruwa Capital Fund II. The fund seeks to address the early-stage financing gap for women-led and gender-diverse enterprises in Nigeria and Ghana. The recent…
- Ghanaian retail technology firm Tendo Technologies has revealed its strategic acquisition of Shopa, another Ghana-based company, through a cash-and-stock agreement designed to transform supply chain infrastructure throughout Africa. Established in 2021, Tendo empowers individuals to start and…
- Kofa, a clean-tech startup based in Ghana, has secured $8 million via a special purpose vehicle (SPV) to scale its battery-swapping infrastructure, with the goal of boosting electric mobility and promoting clean energy adoption throughout West Africa. The round was led by impact investor PASH…
- Explore how technology transfer laws in Africa impact innovation and economic growth, highlighting challenges and solutions for startups.
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- Explore the contrasting startup funding landscapes of Kenya and Nigeria, highlighting their unique strengths and challenges in the African tech ecosystem.
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- Explore Africa's thriving freelance tech landscape with the top platforms connecting skilled professionals to global opportunities.
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- Kenya's startup ecosystem is shifting focus from fintech to climate-tech and agri-tech, achieving $638 million in funding in 2024.
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- Africa has launched its first continental space agency to enhance Earth observation and data sharing at a time when a more challenging global environment is restricting access to climate and weather information. The African Space Agency was inaugurated last month under the African Union’s umbrella…
- Airtel Africa has announced a strategic partnership with SpaceX to deliver Starlink’s high-speed satellite internet services to underserved and remote communities across its 14 African markets. This collaboration seeks to close the digital gap by providing reliable connectivity to regions that have…
- OpenAI has announced it will retain nonprofit oversight of its operations, reversing its earlier plan to convert its for-profit subsidiary into a public benefit corporation (PBC). This decision follows considerable public and legal scrutiny, including a lawsuit filed by co-founder Elon Musk, who…
- Thndr, a digital investment platform based in Cairo, has raised $15.7 million in a funding round led by Prosus Ventures, with contributions from Y Combinator, BECO Capital, Endeavor Catalyst, JIMCO, Raba, and Onsi Sawiris. This latest round brings Thndr’s total funding to $37.76 million. The…
- Telecom subscribers in Nigeria may soon face a 5% hike in charges for data and voice services if the Nigeria Tax Bill 2024 is enacted. The bill, which reintroduces a contentious 5% excise tax on telecom services, was passed by the Senate on May 8, 2025. Industry stakeholders have expressed concern…
- E-commerce leader Jumia has begun offering its logistics network to third-party businesses, including traders who operate exclusively on social media platforms—a group it once viewed as competition. This strategic shift is designed to lower fulfilment costs and broaden revenue streams, as the…
- Sand to Green, a Moroccan agrotechnology startup focused on transforming degraded land into fertile farmland, has secured a $50,000 grant at the DeepTech Summit 2025. This funding boost will support the company’s expansion plans across Africa, the Middle East, and Southern Europe. The award,…
- Airtel Africa intends to list its mobile money division, Airtel Money, in the first half of 2026, aiming to leverage the rising demand for digital payment services throughout the continent. Airtel confirmed the listing plan on Thursday, responding to the increasing investor interest in Africa’s…
- Jumia, Africa’s top e-commerce platform, anticipates generating sufficient revenue to cover its operating expenses by 2027. While this does not equate to net profitability, as taxes may still affect the bottom line, it marks a significant achievement for a publicly traded company that has…
- AI is revolutionizing coding education in Africa by enhancing accessibility, personalizing learning experiences, and addressing resource challenges.
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- Applications Now Open for the 10th K-Startup Grand Challenge 2025 South Korea’s Ministry of SMEs and Startups (MSS) has officially opened applications for the 10th K-Startup Grand Challenge (KSGC) 2025. The highly anticipated program offers African startups up to ₩950 million (US$633,000) in equity…
- PowerDMARC, a global leader in email and domain security solutions, announced its strategic partnership with Onetic Africa as a Value-Added Distributor at GISEC Global 2025, held in Dubai. This partnership is set to accelerate the adoption of email authentication across French-speaking African…
- Flutterwave, Africa’s leading payments technology company, was recently ranked as a top 100 cross-border payment company by FXC Intelligence for the second consecutive year. FXC Intelligence’s Top 100 Companies list, now in its sixth year, serves as a market map to highlight and celebrate the 100…
- A $69 million (CFA 40 billion) innovation fund has been unveiled to support DeepTech ventures in Francophone Africa, with backing from the African Intellectual Property Organization (OAPI) and the African Guarantee Fund (AGF). Announced Monday in Yaoundé, Cameroon, the fund targets the financing…
- The fund targets companies in the manufacturing, healthcare, agriculture, and telecommunications sectors. The News: Swedfund invests $15 million in TLG Capital’s AGIF II to support African SMEs. The fund focuses on SMEs experiencing financial stress, providing flexible debt solutions. AGIF II…
- The global medical device market is set to surge from $678.88 billion in 2025 to more than $1.1 trillion by 2034, fueled primarily by rising demand for home health monitoring among aging populations and those with chronic conditions. Established companies like Omron have long dominated with…
- CWG Plc, a leading Nigerian IT services and infrastructure company, is entering East African and Middle Eastern markets following its first billion-naira profit in over a decade. Operating across Nigeria, Ghana, Uganda, and Cameroon, the 32-year-old company saw profits surge by 428% to ₦3.04…
- In April 2025, African start-ups secured $343 million through deals exceeding $100,000 (excluding exits), spanning 39 companies. This marks not only a strong recovery from a sluggish March but also the second-highest April performance on record, trailing only the funding surge of April 2022.…
- AI startups in Africa face infrastructure challenges, but government policies aim to improve access, education, and collaboration for growth.
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- Explore how African startups are revolutionizing public transport monitoring with innovative technology for faster, efficient, and reliable transit systems.
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- Explore how effective renewable energy policies in Africa can drive progress, ensuring energy access and sustainability for millions.
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- According to new data from the Central Bank of Kenya (CBK), the value of mobile money transactions in Kenya declined significantly by 19.6% from KES 790.8 billion ($6.13 billion) to KES 636.2 billion ($4.93 billion) over the 12 months leading to February 2025, marking the lowest monthly figure in…
- Lendsqr, a Nigerian lending software startup, is developing an AI model that evaluates borrowers’ voices and facial expressions to assess their loan eligibility. According to the company, the model is 76% accurate and is designed to assist Nigerians lacking financial documentation in accessing…
- The International Finance Corporation (IFC), the World Bank Group’s private-sector arm, has pledged up to $45.6 million in debt funding to the Lendable MSME Fintech Credit Fund II (LMFCF II), managed by London-based asset manager Lendable Inc. The funding is intended to boost credit access for…
- Bokra, an Egyptian fintech, has successfully raised 3 billion Egyptian pounds ($58.9 million) through its inaugural sukuk issuance. The Mudaraba sukuks were issued for Aman Project Finance, a subsidiary of Aman Holding. This marks a key milestone for Bokra as it ventures into the project finance…
- Ayodeji Alaran, founder and CEO of PBR Life Sciences, started his career as a trained pharmacist. He gained experience working with global pharmaceutical companies such as GlaxoSmithKline and Pfizer across Africa and Asia. During his tenure, he witnessed the significant losses caused by a lack of…
- Kola Aina, founding partner of Venture Platform, states that the suspension of United States Agency for International Development (USAID) programs and US trade policies have contributed to a slowdown in Africa’s startup ecosystem. Aina made the statement on Monday during the African Private…
- Ride-hailing company Bolt is introducing electric tricycles in Lagos as part of its efforts to grow its electric vehicle presence in West Africa. Beginning in May, 25 tricycles built in collaboration with Lagos-based electric mobility firm SGX Mobility will be deployed. This rollout expands on Bolt…
- Access to essential medicines remains a pressing issue across East Africa, even as the region embraces digital transformation in healthcare. MyDawa, a healthtech startup based in Nairobi, is aiming to address this gap after raising significant funding from global investors. The round was led by…
- OmniRetail, a Nigerian startup aiding informal retailers in digitizing their supply chains, has secured $20 million in Series A funding to expand its operations across West Africa. The funds will be used to enhance operations in Nigeria, Ghana, and Côte d’Ivoire. OmniRetail also intends to…
- A new outcomes-based employment model is quietly transforming South Africa’s approach to youth unemployment and it’s proving effective. The Jobs Boost Outcomes Fund, launched in mid-2024, has successfully placed over 3,070 young individuals in quality jobs across 107 employers, including numerous…
- South Africa’s informal retail scene is undergoing a digital shift as fintech drives change. Kazang, part of JSE-listed Lesaka Technologies, is helping micro-merchants such as spaza shops adopt card payments for bill payments. The initiative is modernising township trade and advancing financial…
- AfCFTA is revolutionizing technology transfer across Africa by reducing barriers and promoting collaboration, impacting key industries.
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