- Africa’s financial landscape is undergoing a rapid transformation, driven by mobile money, fintech innovation, and the increasing adoption of digital platforms. However, challenges like financial exclusion, cross-border inefficiencies, fraud, and lack of transparency still hinder broader economic…
- Artificial Intelligence (AI) is no longer a futuristic concept reserved for Silicon Valley; it’s a present-day reality reshaping economies and industries across the African continent. From agriculture and healthcare to financial services and logistics, AI is unlocking new levels of efficiency,…
- Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design and artificial intelligence. Apple introduced Apple Intelligence, a suite of AI features integrated across its devices. These include real-time…
- Zero Carbon Charge, a pioneering South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has secured a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern Africa (DBSA). The funding will facilitate the…
- Senegalese e-health startup KERA Health Platforms has raised US$10 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group. This investment aims to bolster KERA’s AI-powered platform, which connects healthcare providers and patients while digitizing and…
- South African agri-tech startup Nile has successfully raised ZAR 200 million (approximately $11.3 million USD) in a funding round aimed at expanding its digital marketplace and enhancing access to financing for farmers across Southern Africa. Founded in 2021 by Louis de Kock, Eugene Roodt, and Rick…
- DHL Group has announced plans to invest approximately €500 million (US$575 million) over the next five years to enhance its healthcare and logistics infrastructure across Africa and the Middle East.This strategic investment aligns with DHL’s commitment to supporting the growing demand for…
- Qualcomm has announced the 10 startups selected for its 2025 ‘Make in Africa’ Startup Mentorship Program, part of the Qualcomm Africa Innovation Platform. This equity-free initiative, now in its third year, aims to support early-stage deep-tech startups applying advanced connectivity and processing…
- Nigerian clean energy startup Salpha Energy has secured a $1.3 million investment from All On, a Shell-backed impact investor, to scale its local solar assembly operations and broaden access to affordable, reliable solar power in underserved communities across Nigeria. Founded by Sandra Chukwudozie…
- Innovative Kenyan startups with high-impact business models are invited to apply for the ninth cohort of the develoPPP Ventures program. This initiative offers €100,000 (approximately $113,000 USD) in non-dilutive funding, along with tailored technical support, to help startups scale their…
- COREangels MEA, in collaboration with PTS Holdings and the Arab Academy for Science, Technology and Maritime Transport (AAST), has introduced a $10 million investment fund aimed at supporting early-stage technology startups across the Middle East and Africa (MEA). The fund focuses on startups that…
- Elon Musk’s neurotechnology company, Neuralink, has successfully raised $650 million in its Series E funding round. The investment will support the company’s efforts to expand patient access and develop new devices that enhance the connection between biological and artificial intelligence. The…
- MaxAB‑Wasoko, the leading pan‑African retail e‑commerce and supply‑chain super‑app, has announced the acquisition of Egypt‑based B2B marketplace Fatura from EFG Finance, marking a key milestone in its mission to unify and digitally empower informal retail across the continent. MaxAB‑Wasoko, formed…
- Sylndr, Egypt’s leading online used-car platform, has secured US $15.7 million in a Series A equity funding round, led by Development Partners International’s (DPI) Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures, Uncovered Fund, Beltone Venture Capital, Camel…
- AURA, the South African-born emergency-response technology platform, has secured a €13.5 million (US $15.1 million) Series B funding round to fuel its expansion into the U.S. and build a global dispatch “clearing house” for rapid life‑saving services . The funding round was led by Cathay…
- BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, has secured a US $5 million investment from ElectriFI—the EU-funded Electrification Financing Initiative managed by EDFI Management Company—to accelerate its electric cooking expansion across Kenya . The…
- The European Investment Bank’s development arm, EIB Global, has joined forces with Kenya’s Family Bank to mobilize a combined €100 million (approx. US $111 million) credit facility aimed at boosting small and medium-sized enterprises (SMEs), with a special focus on women-led and youth-owned…
- Egyptian B2B medtech platform i’SUPPLY has secured a US $3 million Sharia-compliant, revenue-based revolving financing facility provided by Bokra, a Cairo‑based fintech fund. This capital infusion will support the startup’s mission to modernize pharmaceutical distribution across Egypt. Founded in…
- 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-…
