- P1 Ventures, an early-stage pan-African venture capital firm, has successfully closed its first institutional fund at $50 million, aiming to bolster technology startups across the continent. The fund has attracted investments from African conglomerates, family offices, global venture capital…
- Applications are now open for the fifth cohort of the Home Grown Solutions (HGS) Accelerator for Pandemic Resilience, an initiative by the African Union Development Agency (AUDA-NEPAD) in partnership with the Japan International Cooperation Agency (JICA). This program aims to accelerate the growth…
- Tunisian fintech startup EasyBank has successfully raised $370,000 in funding to support its international expansion plans. Founded in 2023 by Mohamed Khelifi and a team of fintech specialists, EasyBank aims to simplify access to loans and banking services through advanced artificial intelligence.…
- StarkWare, an Israeli blockchain infrastructure company valued at $8 billion, has unveiled a $4 million venture fund aimed at fostering blockchain innovation across Africa. This initiative seeks to support early-stage startups developing solutions on StarkNet, StarkWare’s Ethereum-based…
- GreenYellow South Africa has announced a €10 million investment in energy efficiency projects across Southern Africa, aiming to enhance sustainability and reduce energy consumption in the region. In partnership with Spark Energy Services, the initiative focuses on upgrading lighting systems in…
- Egyptian fintech startup Khazna has successfully raised $16 million in a pre-Series B funding round to bolster its financial services and expand into the Saudi Arabian market. This latest investment brings Khazna’s total funding to over $63 million. The round saw participation from both existing…
- Ivorian fintech startup Cauridor has successfully secured $3.5 million in seed funding to enhance its cross-border payment infrastructure across Francophone Africa. The funding round was led by Oui Capital, with participation from Rally Cap, BKR Capital, and various angel investors. Founded by…
- The SIA Foundation, in collaboration with TheNest Innovation Technology Park, has announced the launch of the second cohort of the SIA Startup Foundry, an incubator program designed to support Nigerian entrepreneurs. This initiative aims to provide early-stage startups with the resources and…
- The GSMA, in partnership with the UK Foreign, Commonwealth & Development Office (FCDO), has unveiled the GSMA Innovation Fund for Impactful AI, aiming to support small and growing enterprises in low- and middle-income countries (LMICs) across Africa, South Asia, Southeast Asia, and the Pacific…
- Cairo-based venture capital firm Foundation Ventures has announced the first close of its $25 million fund, FVFII, aimed at bolstering Egypt’s startup ecosystem and supporting promising ventures across Africa. The fund has attracted significant investors, including the Egyptian American Enterprise…
- Moove, a global leader in mobility solutions, has announced the acquisition of Kovi, an urban mobility provider headquartered in São Paulo, Brazil. This strategic move marks Moove’s significant expansion into the Latin American market, aligning with its vision to build the world’s largest rideshare…
- Simplex, an Egyptian startup specializing in computer numerical control (CNC) machine manufacturing, has successfully raised $13 million to construct a state-of-the-art factory in Riyadh, Saudi Arabia. This strategic expansion aligns with Saudi Arabia’s Vision 2030 initiative, aiming to diversify…
- The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, has announced the commencement of applications for its 2025 Entrepreneurship Programmes. Aspiring and existing entrepreneurs from across Africa are invited to apply for an opportunity to receive world-class training,…
- OpenAI has announced the launch of “Deep Research,” an advanced AI agent designed to autonomously conduct comprehensive, multi-step research tasks on the internet. This innovative tool aims to streamline the process of information gathering and analysis, delivering detailed reports in a fraction of…
- Simplex, a computer numerical control (CNC) machine manufacturing startup based in Egypt, has raised US$13 million to construct a massive new CNC facility in Saudi Arabia. Through the use of preprogrammed computer software integrated into the tools, computer numerical control (CNC) is a…
- Accrue, a Nigerian fintech startup that is transforming cross-border payments in Africa, has raised US$1.58 million in seed funding to expand its staff and product line. More than 200,000 people use Accrue in eight African nations, including South Africa, Ghana, Nigeria, and Kenya. Lattice Fund led…
- i3, a pan-African program for startup companies creating healthcare supply chains of the future, is seeking top innovators to join its third cohort. With funding from the Bill & Melinda Gates Foundation and support from MSD, Cencora, the Endless Foundation, HELP Logistics, Sanofi’s Global…
- The AI startup OpenAI is aiming to raise $40 billion in a funding round, which would put its valuation at $340 billion. According to two people involved with the negotiations who asked not to be named, because the talks are still ongoing, Masayoshi Son’s SoftBank would lead the round with a…
- The Tony Elumelu Entrepreneurship Programme (TEEP), which offers entrepreneurs US$5,000 in funding, coaching, and training, is now accepting applications. Launched in 2010, the Tony Elumelu Foundation aims to support entrepreneurship growth in Africa to accelerate the continent’s economic…
- NjiaPay, a payments-as-a-service company based in South Africa that helps African businesses with their payment challenges, has closed an oversubscribed US$1 million pre-seed investment round. HAVAÍC led the pre-seed investment round, and other well-known angel investors, including the founders of…
- Fincart, based in Egypt, has raised an undisclosed amount of pre-seed funding to expand its courier network and enhance its technology platform; the platform helps small and medium-sized e-commerce businesses with shipping and unlocking working capital. Plus VC led the startup’s undisclosed funding…
- Insight Terra, a South African firm, has secured US$5.7 million in Series A extension funding to expand its AI-powered platform for environmental risk and greenhouse gas (GHG) analysis. E3 Capital, Fireball Capital, Atlantic Bridge, Globalive, and JLR Star were the investors who participated to the…
- Hudhudshop, the top e-commerce platform with its headquarters in Qatar, recently announced that it has successfully raised six figures in a pre-seed fundraising round. Hudhudshop, which specializes in distributing high-end Turkish goods throughout the Gulf and beyond, including Qatar, Saudi Arabia…
- OpenAI’s AI-powered chatbot platform, ChatGPT, now has a new subscription plan. To further explore potential commercial uses for its AI technology, OpenAI has introduced a new $200/month membership plan for ChatGPT, an AI-powered chatbot platform. This plan is aimed squarely at the engineering and…
- Microsoft, through the company’s Africa Transformation Office (ATO), has unveiled an initiative that will accelerate advancements in artificial intelligence (AI) and foster collaboration between startups and industry leaders. The initiative will also mark the launch of Microsoft’s strategic…
- According to a filing with the U.S. Securities and Exchange Commission, Elon Musk’s artificial intelligence company, xAI, has raised $6 billion. According to the filing, investors contributed at least $77,593 (97 people participated, however their identities are not disclosed in the document).…
- Nowlun, an Egyptian logistics startup, has secured US$1.7 million in seed funding to support its goals for expansion and expedite platform development. Renowned angel investors and Sanabil 500 Global participated in the seed funding round, which was led by Nama Ventures and A15. Nowlun is an online…
- The MEST Africa Challenge 2024 winner is SAYeTECH, an agricultural technology company based in Ghana. The Meltwater Entrepreneurial School of Technology (MEST) disclosed this. Applications from important West African markets, such as Benin, Cape Verde, Côte D’Ivoire, Gambia, Ghana, Guinea, Guinea-…
- HUB2, a fintech startup with a Francophone focus, has raised EUR8 million (US$8.4 million) in a Series A round of funding to help it expand throughout the area. The company has developed a smooth, safe platform that unifies national and cross-border financial services across a variety of payment…
- Enakl, a Moroccan urban mobility startup, has raised US$1.4 million in pre-seed funding to enable it to create intelligent, safer, and sustainable collective transportation solutions for daily commutes at home and abroad. Catalyst Fund led the pre-seed funding round, which also included Renew…
- Sylndr, an Egyptian e-commerce platform that specializes in the used automobile market, has secured an EGP370 million (US$7.45 million) working capital facility, which is structured as Egypt’s first asset-backed financing arrangement. The EFG Hermes Investment Banking division structured the…
- Solarbox Africa, a Senegalese e-mobility and energy solutions startup, has raised a US$1 million pre-seed funding round to help it meet the increasing demand for its solar-powered electric vehicles (EVs) in Senegal and the wider West African region. Launch Africa Ventures, JLL Foundation, Teranga…
- The Africa Creative Blueprint (ACB), which was launched by Nigerian venture capital firm Venture Garden Group (VGG) in collaboration with Ascend Studios and USAID, aims to help women and young people in thriving in Nigeria’s creative sector by offering resources, skills, and innovative capacity-…
- Keep IT Cool, a Kenyan startup that is transforming food preservation through its innovative approach to sustainable refrigeration solutions, has received funding from global impact investor Acumen to further its pan-African goals. Founded in 2021 by Francis Nderitu and Abigail Gachigi, Keep IT…
- Taking part in the third edition of its biannual Africa Fintech Accelerator, Visa has selected 19 startups from around the continent to get mentorship, industry connections, and tools to help them scale their innovative ideas. The Africa Fintech Accelerator was started in 2023 by Visa’s commitment…
- Nigeria’s National Agency for Science and Engineering Infrastructure (NASENI) and the Pan-African hubs network AfriLabs have teamed up to establish an innovation lab that will assist startups and young innovators all over Nigeria in commercializing ground-breaking technologies and promoting…
- Ariika, an eCommerce platform for home furnishings in Egypt, has raised $3 million in a Series A extension round. Citadel International Holdings, based in the United Arab Emirates, and Beltone Venture Capital, a division of Beltone Financial Holding, led the investment round. Khaled Attallah and…
- Amenli, an Egyptian insurtech startup, has raised US$2.3 million in a funding round to expand its service offerings and speed up expansion. The European Bank for Reconstruction and Development Venture Capital arm (EBRD) led the funding round. The investment includes Y Combinator’s follow-on. Amenli…
- Cleantech refers to products, services, and processes that use renewable energy sources, enhance energy efficiency, and reduce harmful environmental impacts. Air pollution is one of the most pressing environmental challenges of the 21st century, contributing to millions of premature deaths,…
- Cleantech refers to products, services, and processes that use renewable energy sources, enhance energy efficiency, and reduce harmful environmental impacts. Air pollution is one of the most pressing environmental challenges of the 21st century, contributing to millions of premature deaths,…
- Africa, often associated with its vast natural resources, is undergoing a digital transformation that is rapidly reshaping its economic landscape. Historically, the continent has faced challenges in infrastructure, education, and access to technology, which limited its participation in the global…
- The rapid advancement of technology is reshaping industries across the globe, and one of the most transformative changes is the rise of robotic automation powered by artificial intelligence (AI). As businesses look for ways to stay competitive, reduce costs, and improve efficiency, AI-driven…
- Socium, a Senegalese HR-tech startup, has secured $5 million in seed funding to support its expansion across Francophone Africa. Among other investors, Partech, Orange Ventures, and Outlierz participated in the round, which was led by Breega. Raisers Partners served as the deal’s financial advisors…
- Qara, an Egyptian supply chain technology startup, has raised US$2.6 million in a funding round to support its Saudi Arabian expansion. To support its continued expansion into Saudi Arabia, the company has now secured US$2.6 million in funding from strategic investors. The Relocate Initiative of…
- Since Donald Trump won the U.S. election last week, Bitcoin has risen to all-time highs as investors expect a more welcoming climate for cryptocurrencies. Bitcoin burst above the $90,000 barrier on Wednesday, setting an all-time high in a rise that shows no signs of slowing. The biggest…
- Efreshli, an Egyptian startup specialising in interior design, has secured a seed round of funding to enable the development and expansion of its current and future products. Algebra Ventures led the seed round that included 500 startups, Dar Ventures, and angel investors. Efreshli, an online…
- The Growth4Her Accelerator program is seeking applications from female entrepreneurs in Nigeria with the goal of closing the gender finance gap in Africa. The six-month Growth4Her Accelerator gives female entrepreneurs the skills and resources they need to build their companies from tiny to growth-…
- Teradix, an Egyptian provider of e-procurement solutions, has received a US$140,000 grant from King Abdullah University of Science and Technology’s (KAUST) TAQADAM Accelerator program to help with its strategic entry into Saudi Arabia. Teradix, which was founded in 2019 by Khaled Aboshady, provides…
- The InvestIT program, a joint effort between Egypt’s ITIDA and venture capital firm Flat6Labs, provides Egyptian tech startups—especially those in the seed or pre-Series A stages—with access to advisory services, resources, and investor connections in an effort to help them scale their operations…
- Eneza Education, a Kenyan ed-tech startup, has partnered with Knowledge Platform, a leading Pakistani company, to form the world’s first African-Asian educational technology company. Knowledge Platform offers digital learning materials for strategic partners, whereas Eneza Education, which launched…
