Barely a fortnight after TLcom’s huge US$154 million fund II closure, unicorn-backed Norrsken22 announces plans to ramp up its investments in African fintech.

Discover how Productive Use of Renewable Energy (PURE) technologies, including solar irrigation and cold chain solutions, are gaining investor interest despite a downturn in global off-grid solar sector funding.

Barely a fortnight after TLcom’s huge US$154 million fund II closure, unicorn-backed Norrsken22 announces plans to ramp up its investments in African fintech.

Can Mauritius replicate its financial services success in the tech industry? Discover how the island nation is fostering innovation and overcoming challenges to become Africa's next tech hub.

A recent report highlights a significant shift in global investment dynamics favouring the services sector, with analysts predicting a positive impact for intra-African services.

Flourish Ventures' Madica program intensifies its investment efforts in Africa, targeting up to 30 startups by the end of its three-year program, with a focus on underrepresented founders and diverse sectors.

Egyptian startup bluworks raises $1 million in pre-seed funding to revolutionize blue-collar HR-tech solutions, aiming to streamline processes and reduce turnover rates.

Discover how Egypt’s Beltone Venture Capital and Citadel Holdings' CI Venture Capital join forces to boost the growth of early-stage tech startups across the MENA region with a $30 million investment fund.

TLcom Capital, an African VC firm, concludes fundraising for its second fund, TIDE Africa Fund II, totaling $154 million, positioning itself as Africa’s largest investor across seed and Series A.

Canal+ escalates its bid for MultiChoice, acquiring a significant stake and navigating regulatory hurdles in South Africa.

Nigerian retail-tech startup OmniRetail propels forward in its mission to revolutionize Africa's commerce landscape with a significant investment from Goodwell Investments, marking the beginning of its Series A fundraising journey.

Kenya is set to become the third African country to put a green finance taxonomy in place, making the country more attractive for green investment and climate finance.

Despite a dip in overall funding levels, the continent is witnessing a marked increase in the number of ventures securing $1 million or more.

Discover how Verod-Kepple Africa Ventures' $60 million inaugural fund, fueled by Japanese and Nigerian investors, aims to bolster growth-stage startups across Africa, bridging the gap in available capital for Series A and B companies.

African agritech startup, ThriveAgric, and climate action arm Acorn Rabo Bank join forces to empower Nigerian farmers with carbon credit access, aiming to remove 1.3 million metric tonnes of carbon emissions and generate $56 million in revenue, marking a significant step towards sustainability and financial inclusion.

As populations surge and urbanisation accelerates, African governments are betting big on investors in a new policy shift that targets private investment to scale the production of affordable housing units.

In Q1 2024, African startups faced a significant 51.36% drop in funding compared to the previous year, totaling at least $369 million across 64 deals. Despite the decline, sectors like mobility and cleantech showed promising growth, while M&A activity and startup closures reshaped the landscape.

As Nigeria's Central Bank implements reforms and raises interest rates to combat inflation, foreign investors are flocking back to the country's government securities market. With an uptick in Foreign Portfolio Investments (FPIs) and growing investor confidence, Nigeria is becoming an attractive destination for investors seeking high yields amidst global economic uncertainties.

Baobab Network, on its mission to empower African startups, acquires Reflector Marketing to bolster portfolio companies’ marketing strategies, signaling a shift towards comprehensive support beyond funding. 💼💡

Learn how South African startup RNR is revolutionizing breakdown management with its innovative on-demand platform, attracting significant investment to fuel its expansion in Southern Africa. 🚛🌍

Joining the ranks of African entrepreneurs turned investors, Sim Shagaya launches The Honey Badger Fund (HBF), a new venture aimed at backing exceptional startups in Africa. With a focus on providing not just funding but also valuable experience, Shagaya's initiative marks another step forward in Africa's burgeoning startup ecosystem.

Discover how Patrice Motsepe's potential partnership with Canal+ in their bid for MultiChoice could impact the deal, navigating regulatory hurdles and potential conflicts of interest.

Satgana, a climate-tech venture capital firm, has successfully closed its first fund at €8 million ($8.6 million), targeting up to 30 early-stage startups in Africa and Europe. Led by founder Romain Diaz, the firm secured commitments from notable investors, including Maurice Lévy of Publicis Groupe and Thibaud Hug de Larauze, co-founder of Back Market. Despite challenges in fundraising, Satgana plans to focus on investing in climate change mitigation and resilience-building startups, particularly in mobility, food and agriculture, energy, industry, and the circular economy sectors.

Wasoko, a prominent B2B e-commerce giant in Africa, experiences a significant valuation markdown, signaling shifts in the industry's landscape and investor sentiment. Despite challenges, the company remains optimistic amid a planned merger and ongoing efforts to consolidate its position in the market.

Discover the secrets behind Oui Capital's success in fostering African startups' growth, from early-stage investments to nurturing budding entrepreneurs.