- MoneyFellows, a leading Egyptian fintech startup, has announced the successful closure of a $13 million pre-Series C funding round. The investment was led by Al Mada Ventures and Nclude Fund, with additional participation from Partech Africa and CommerzVentures. This latest funding brings the…
- OpenAI has announced that it will maintain nonprofit oversight of its operations, reversing a previous plan to transition its for-profit subsidiary into a public benefit corporation (PBC). This decision comes after significant public and legal scrutiny, including a lawsuit from co-founder Elon Musk…
- Skype, the pioneering voice and video calling platform that revolutionized digital communication, has officially shut down as of May 5, 2025. Microsoft, which acquired Skype in 2011 for $8.5 billion, announced the decision to retire the service in favor of its more modern collaboration tool,…
- Aruwa Capital Management, a female-founded private equity firm based in Lagos, has successfully raised $35 million in the second close of its gender-focused fund, Aruwa Capital Fund II. The fund aims to bridge the early-stage financing gap for women-led and gender-diverse businesses in Nigeria and…
- Airtel Africa has announced a strategic partnership with SpaceX to bring Starlink’s high-speed satellite internet services to underserved and remote communities across its 14 African markets. This collaboration aims to bridge the digital divide by providing reliable connectivity to areas…
- Investing in Innovation Africa (i3), a pan-African initiative dedicated to advancing healthcare access through technology, has announced the selection of seven growth-stage startups for its third cohort. These companies are pioneering innovations aimed at revolutionizing pharmacy services across…
- Ghanaian retail-tech startup Tendo Technologies has announced its strategic acquisition of fellow Ghanaian company Shopa in a cash-and-stock deal aimed at revolutionizing supply chain infrastructure across Africa. Founded in 2021, Tendo enables individuals to launch and grow online businesses…
- Ghanaian clean-tech startup Kofa has raised $8 million through a special purpose vehicle (SPV) to expand its battery-swapping network, aiming to accelerate the adoption of electric mobility and clean energy solutions across West Africa. The funding round is led by impact investor PASH Global, with…
- Kenyan e-health startup MYDAWA has raised $20 million in funding from London-based private equity firm Alta Semper Capital, marking its largest funding round to date. The investment aims to bolster MYDAWA’s expansion across East Africa and enhance its digital healthcare services. Founded in 2016,…
- The International Finance Corporation (IFC), a member of the World Bank Group, and TLG Capital, a pan-African alternative investment firm, have announced the first close of a $75 million fund aimed at enhancing access to capital for small and medium-sized enterprises (SMEs) across Africa. This…
- Nigerian B2B e-commerce startup OmniRetail has raised $20 million in Series A funding, marking a major milestone in its mission to digitize and streamline retail supply chains across Africa. Led by Tim Kock and James Cavallaro’s Ventures Platform, the round also attracted participation from key…
- Google has announced the opening of applications for its 2025 Google for Startups Accelerator Africa program, inviting early-stage African startups leveraging artificial intelligence (AI) to apply. This initiative aims to support startups across the continent that are using AI to address local…
- Meta Platforms, the parent company of Facebook, has unveiled a new standalone AI assistant app, Meta AI, marking a significant expansion of its artificial intelligence offerings. This launch positions Meta in direct competition with other AI chatbots like OpenAI’s ChatGPT and Google’s Gemini. Built…
- Mastercard has launched “Shopping Muse,” an innovative generative AI-powered shopping assistant developed by its personalization platform, Dynamic Yield. Designed to revolutionize the online shopping experience, Shopping Muse interprets natural language queries to provide personalized product…
- MEST Africa, in partnership with the Mastercard Foundation, has announced the selection of 12 promising startups for the second cohort of the Ghana EdTech Fellowship Program. This initiative continues the organizations’ joint mission to support and scale innovative, technology-driven solutions that…
- Agriculture has always been the backbone of Africa’s economy, employing over 60% of the continent’s workforce and providing sustenance for millions. But as Africa faces the dual challenges of population growth and climate change, traditional farming methods alone are no longer enough. To feed an…
- Climate change is one of the most urgent challenges of our time. From rising temperatures and extreme weather events to biodiversity loss and food insecurity, the consequences are widespread and deeply interconnected. As the world seeks bold, innovative strategies to mitigate and adapt to climate…
- South African fintech startup Stitch has announced the successful closure of a $55 million Series B funding round, marking a major milestone in its mission to expand financial infrastructure across Africa. The round was led by New York-based investor Ribbit Capital, with participation from a strong…
- Egyptian quick-commerce (q-commerce) startup Rabbit has announced a new round of funding to fuel its expansion into the Saudi Arabian market, signaling a major step forward in its regional growth strategy. The undisclosed investment, led by existing backers and a group of Gulf-based venture capital…
- PayTic, a fast-growing Moroccan fintech startup specializing in card management and payment automation solutions, has announced a $4 million funding round aimed at accelerating its growth across Africa and the Middle East. The round was led by Pan-African venture firm P1 Ventures, with…
- Umba, the Kenyan digital banking platform, has announced it has secured $5 million in debt financing to support its expansion plans and boost lending operations across Africa. The funding, provided by a consortium of global impact investors and fintech-focused lenders, will enable Umba to scale its…
- In a major regional fintech development, Abu Dhabi-based financial services firm Maseera has announced the acquisition of Egyptian fintech startup ADVA, marking a strategic move to strengthen its footprint in North Africa’s fast-growing digital finance sector. Founded in 2020, ADVA offers a…
- Djamo, a fast-growing fintech startup from Côte d’Ivoire, has announced it has raised $17 million in fresh funding to expand its digital banking services across Francophone Africa. The funding round was led by Partech Africa, with strong participation from Enza Capital, Oikocredit, and new…
- Arnergy, a leading Nigerian provider of distributed renewable energy solutions, has announced the close of an $18 million funding round to accelerate the deployment of its solar energy systems across Africa. The round was led by All On, an off-grid energy impact investment company backed by Shell,…
- Village Capital, a leading global supporter of impact-driven startups, has announced the launch of the second edition of its Greentech Africa Accelerator Program, aimed at empowering early-stage startups developing solutions to combat climate change across the continent. The program, launched in…
- InfiniLink, an Egyptian semiconductor startup specializing in next-generation chip design and connectivity solutions, has raised $10 million in a seed funding round to accelerate product development and expand into international markets. The round was led by Silicon Badia, with participation from…
- Africa stands at a critical crossroads: while the continent is rich in renewable energy potential, millions still live without reliable electricity. According to the International Energy Agency, about 600 million people in Africa lack access to power. Yet, amid these challenges, sustainable…
- In a landmark move, Elon Musk’s artificial intelligence company, xAI, has acquired his social media platform, X (formerly known as Twitter), in an all-stock transaction valued at $33 billion. The merger positions xAI at a valuation of $80 billion, with X valued at $33 billion, accounting for $12…
- Sumet Technologies, a Tanzanian fast-moving consumer goods (FMCG) distribution startup, has successfully raised $1.5 million in pre-seed funding. This investment aims to enhance the company’s technological infrastructure, expand its market presence, and optimize supply chains across Africa. Founded…
- NOSIBLE, an emerging artificial intelligence (AI) startup, has successfully raised $1 million in pre-seed funding to enhance its growth marketing initiatives, expand sales operations, and accelerate its go-to-market strategy. Founded in 2020 by Stuart Reid, NOSIBLE offers two primary products: a…
- A recent report commissioned by Mastercard and conducted by Genesis Analytics forecasts that Africa’s digital payments economy will reach $1.5 trillion by 2030. This growth is driven by increased internet penetration, financial inclusion, and a burgeoning fintech sector. Key Drivers of Growth:…
- Nigerian fintech startup Payhippo has raised $4 million in pre-Series A funding as part of its rebranding initiative to Rivy, with a renewed focus on clean energy financing for businesses. The funding round includes $2 million in equity and $2 million in debt financing, co-led by EchoVC and Shell-…
- South African fintech startup Trade Shield has secured ZAR15 million (approximately US$820,000) in funding from First National Bank’s (FNB) Vumela Enterprise Development Fund, in partnership with Edge Growth. This investment aims to fuel Trade Shield’s expansion both within South Africa and…
- Safaricom, in collaboration with M-PESA Africa and Sumitomo Corporation, has announced the opening of applications for the second phase of the Spark Accelerator Programme. This initiative aims to support early-stage startups in Kenya by providing resources, mentorship, and access to markets and…
- South African startup Jem HR, a WhatsApp-based human resources and employee benefits platform, has successfully closed a ZAR60 million (US$3.3 million) pre-Series A funding round. The round included equity funding led by Next176, a venture capital firm backed by financial services giant Old Mutual…
- Egyptian startups are invited to apply for the MINT Fintech Hackathon, an initiative designed to foster innovation and collaboration in the financial technology sector. Organized by MINT Incubator, a platform by EGBANK dedicated to supporting young entrepreneurs, this hackathon offers participants…
- Egyptian payment solutions startup enza has secured $6.75 million in seed funding to advance its mission of transforming financial services and promoting inclusive commerce across Africa. The funding round was co-led by Algebra Ventures and Quona Capital, marking enza’s first external investment.…
- Tunisian legal-tech startup Juridoc has secured an undisclosed amount of funding to accelerate the digitalization of legal services across Africa and the Middle East. The investment round was led by 216 Capital Ventures and Go Big Partners, both beneficiaries of Tunisia’s ANAVA fund of funds…
- Kenyan logistics startup Leta has secured $5 million in seed funding to enhance its AI-driven platform aimed at optimizing delivery routes and reducing transportation costs across Africa. The funding round was led by European venture capital firm Speedinvest, with participation from Google’s Africa…
- Africa’s technology ecosystem has been growing at an unprecedented rate, with startups and innovators driving solutions to local and global challenges. However, the role of African governments in fostering this innovation cannot be overstated. By creating a favorable environment, governments can…
- Innovation hubs are rapidly transforming cities into global tech powerhouses, driving economic growth, attracting talent, and fostering groundbreaking technological advancements. These hubs serve as epicenters for research, entrepreneurship, and collaboration, enabling startups and established tech…
- ORA Technologies, a Moroccan super app, has successfully raised $1.9 million in a pre-Series A funding round led by local investment firms Witamax and Azur Innovation Fund. This latest investment brings the total funding secured by ORA Technologies to $4.4 million since its inception in 2023.…
- Wema Bank has announced the launch of the sixth edition of its innovation initiative, Hackaholics 6.0, themed “Beyond Algorithms: Engineering Disruptive Innovation.” This year’s edition introduces an accelerator program designed to empower tech entrepreneurs and startups, reflecting the bank’s…
- LoftyInc Capital Management, a prominent pan-African venture capital firm, has announced the first close of its LoftyInc Alpha Fund at $43 million. This late-seed investment vehicle aims to support Africa’s burgeoning tech startups, with a focus on countries like Nigeria, Egypt, Kenya, and regions…
- South African agri-tech startup Khula has successfully raised ZAR126 million (approximately US$6.8 million) in the initial phase of its Series A funding round. This investment aims to enhance Khula’s digital platform, which seeks to revolutionize the agricultural supply chain by directly connecting…
- Widebot, an Egyptian artificial intelligence (AI) startup, has successfully secured $3 million in a pre-Series A funding round to advance the development of an Arabic large language model (LLM). Originally founded in Cairo, Widebot has since relocated its operations to Riyadh, Saudi Arabia. The…
- Kenyan re-commerce startup Badili has secured a US$400,000 debt facility from French development organization Proparco to bolster its refurbished electronics initiative. Established in 2021, Badili operates in Kenya, Tanzania, and Uganda, focusing on the aggregation, repair, and resale of used or…
- In a remarkable showcase of innovation, three Francophone African startups have emerged victorious in the 2025 Orange Summer Challenge, a prestigious accelerator program aimed at transforming entrepreneurial ideas into impactful businesses. The winners were announced at an award ceremony held on…
- The Bank of Namibia (BoN) is actively exploring the introduction of a Central Bank Digital Currency (CBDC) to enhance cross-border payments and promote financial inclusion within the country. This initiative follows a technical assistance mission conducted by the International Monetary Fund (IMF)…
- In a significant shift within the tech industry, Microsoft has announced that it will discontinue Skype, the internet calling service it acquired in 2011 for $8.5 billion. The service is scheduled to cease operations on May 5, 2025, ending a 14-year association that saw Skype become a household…
