Ivorian fintech startup Djamo has recently secured funding from the state-owned investment fund CDC-CI Capital, amounting to 800 million CFA francs (approximately $1.3 million). The announcement on Wednesday marks a key step in enhancing financial services in Côte d’Ivoire. Read also: Acumen backs Ghanaian agritech startup, Wami Agro The investment agreement was finalised at Djamo’s […]

On Wednesday, Acumen, a global impact investment fund, announced that it had invested strategically in Wami Agro, a Ghanaian agritech startup dedicated to empowering smallholder farmers.  This move aims to support Wami Agro’s mission of improving the livelihoods of these farmers through innovative tech-enabled solutions. Read also: OceanHub Africa Accelerator Program now accepting applications for […]

On Thursday, Ghana’s fintech startup Oze announced a successful funding round aimed at enhancing its AI-driven digital lending solutions for microfinance institutions (MFIs) and small and medium-sized enterprises (SMEs) across Africa.  This funding was secured from notable investors, including Visa and the German development finance institution DEG, alongside existing backers like Speedinvest and Africinvest. Read […]

Algeria is taking bold steps to enhance its digital economy with the launch of an 1.5 billion dinar ($11 million) investment fund aimed at supporting startups in artificial intelligence (AI), cybersecurity, and robotics.  Announced by Algeria’s state-owned telecom company, Algérie Télécom, during the CTO Forum Algeria, this initiative is part of the country’s national strategy […]

Vendease, a Y Combinator-backed food procurement startup operating in six Nigerian cities, has implemented its second round of layoffs in five months. The announcement on Wednesday is part of a restructuring effort to achieve profitability and extend the company’s financial runway as it seeks to close a Series A extension round. Read also: OceanHub Africa […]

Mira Murati, the former Chief Technology Officer at OpenAI, has launched Thinking Machines Lab, a new artificial intelligence startup. The San Francisco-based company, announced on Tuesday, aims to create AI systems that are more accessible, customisable, and capable across a broader range of applications. Read also: Amid political pressures, OpenAI scrubs diversity commitment from web […]

The OceanHub Africa Accelerator Program is now accepting applications for its sixth edition. This program supports Africa’s most promising startups dedicated to preserving and restoring ocean health.  Up to 24 impact-driven, for-profit ventures will be selected to participate in this 12-month accelerator program, the announcement was made on Wednesday.  Read also: Apply Now: AfricaTech Awards […]

On Monday, Palm Ventures announced the closing of its first investment fund, valued at $30 million. The fund aims to support early-stage startups in the Middle East and North Africa (MENA) region, with a portion of the funds allocated to AI companies in the United States. Read also: Verto launches $15,000 Global Business Award to […]

On Tuesday, Dabchy, a Tunisian startup specialising in second-hand fashion, announced that it has successfully secured pre-Series A funding. This funding round, led by Janngo Capital, aims to enhance Dabchy’s marketplace and expand its reach across North Africa and the Middle East. Read also: Verto launches $15,000 Global Business Award to empower African startups Funding […]

VivaTech, the Paris-based technology conference, has launched applications for the fourth edition of its AfricaTech Awards, a competition for African startups driving innovation in green tech, e-health, and e-commerce/fintech. The awards are a key part of VivaTech’s dedication to promoting entrepreneurship and technological advancement in Africa. Read also: Egyptian startup Taager secures $6.75 million to […]

Egyptian software-as-a-service (SaaS) startup Qme has successfully raised $3 million in a seed funding round led by AHOY, a multi-sector technology company, alongside strategic angel investors from the Gulf Cooperation Council (GCC). This investment was announced on February 16, 2025. Read also: UAE backs Tony Elumelu Foundation with $6 million to support 1,000 African startups […]

On Wednesday, Egyptian social e-commerce startup Taager announced it has successfully secured $6.75 million in a pre-Series B funding round. The funding aims to propel its growth within the Middle East and North Africa (MENA) region and enhance its technical capabilities. Read also: Madica invests $800,000 in four African startups to drive growth Funding details […]

On Wednesday, Madica, an Africa-focused early-stage investment firm, announced an $800,000 investment in four African startups. The pre-seed funding aims to support businesses with strong revenue traction, aligning with the shifting focus of investors after early-stage African startups secured 9 percent of total venture funding in 2024. Read also: Verto launches $15,000 Global Business Award […]

Verto, a global fintech company specialising in cross-border payments and banking solutions, has launched the Verto Global Business Award. This initiative, announced on February 6, 2025, aims to support early-stage startups in South Africa, Nigeria, and Kenya by providing funding and resources to help them scale internationally. With a total prize pool of $15,000, the […]

On February 5, 2025, the SIA Foundation announced the launch of the SIA Startup Foundry Cohort 2, an initiative to provide Nigerian startups with funding, mentorship, and the necessary tools for scaling their businesses. The program is designed to address challenges faced by entrepreneurs in Nigeria, including limited financial resources, business development struggles, and access […]

On February 4, 2025, EasyBank, a Tunisia-based FinTech startup, announced it had secured $370,000 in investment to expand its digital financial services.  The funding, equivalent to 1.2 million Tunisian dinars, came from undisclosed investors. EasyBank plans to use the investment to broaden its reach in underserved markets across the Middle East, North Africa, and France.  […]

Startbutton, a startup backed by Norrsken that helps businesses broaden their reach abroad without needing physical offices, is expanding into seven Francophone African countries.  The expansion, announced Thursday, includes Benin, Togo, Senegal, Mali, Guinea Conakry, Burkina Faso, and Cameroon. The goal is to enable more companies to enter these markets and accept local payments. Startbutton’s […]

Saviu Ventures, a venture capital firm specialising in Francophone Africa, has closed a second €25 million (USD 26 million) round for its Saviu II fund.  The fund aims to support early-stage startups in the region, continuing its strategy of investing from Seed to Series A rounds. The announcement was made on Wednesday. AXIAN Investment, the […]

Beltone Venture Capital, the VC arm of Beltone Holding in Cario, has announced a strategic equity investment in LNKO, a leading omni-channel D2C eyewear startup in Morocco. The investment, disclosed on February 6, 2025, strengthens Beltone’s expansion strategy across Africa, supporting high-growth startups that drive market transformation. Read also: Beltone expands into African financial services […]

On Tuesday, qeen.ai, a Dubai-based startup founded by former Google and DeepMind employees, announced it has raised $10 million in seed funding.  The funding round, led by Prosus Ventures, brings the company’s total funding to $12 million, following a pre-seed round of $2.2 million. With this new investment, qeen.ai is set to expand its innovative […]