Ecosystem News
WESTERN AFRICA
France’s Largest VC Firm Backs Senegalese AI Startup LAfricaMobile in $7M Series A
The company raised €500,000 in seed funding in 2020 and secured €4.3 million ($4.6 million) in the first tranche of its Series A in April 2024.
EASTERN AFRICA
Acumen Invests $5M in d.light to Expand Clean Energy Access Across East Africa
d.light allows customers to pay for solar products in installments, making them more affordable.
Venture Capital & Funding Sources
Saudi’s Edafa Venture Capital to Inject $30M into Egyptian Startups, Eyes Kenya Next
Edafa recently acquired a strategic stake in Taskedin, an Egyptian task management and digital workspace platform.
Latest Funding
Egyptian Freight Startup Nowlun Lands $1.7 Million to Streamline Logistics
Nowlun aims to disrupt this landscape by leveraging technology to simplify and optimize freight operations
NORTHERN AFRICA
Egypt Nears $1B Fund of Funds Deal to Back Local VCs and Startups After Initial $50M Win
The fund has already backed prominent venture capital firms such as Endure Capital, which in 2022 closed its $50 million Africa-focused fund.
Analysis & Opinion
Analysis & Opinions
Big Promises, Short Lives: The Lifecycle Problem of African Corporate Venture Capital
The recent closure of ARM Labs Lagos Techstars Accelerator is not an isolated case.
Analysis & Opinions
Nigeria’s Auto-Tech Scene Is Quietly Battling a Co-Founder Retention Crisis
Co-founder exits are not unique to Nigeria’s auto-tech sector, but the frequency and timing of these departures are troubling.
Analysis & Opinions
How Valuable Are ESOP Plans in African Tech? Fawry Offers a Compelling Case
For every Fawry, there are countless tech startups where ESOPs might turn into little more than unfulfilled promises.
Analysis & Opinions
Just Like in Fintech, New Secondary Funds Are Coming for Africa’s CleanTechs
Moniepoint's early investors recently secured significant returns through secondary sales during the company's $110M Series C round. Now, investors in Africa's clean technology sector aim to replicate—and even surpass—this success.
Analysis & Opinions
Is Africa Missing Out on Its Own Deeptech Revolution?
At 81%, foreign-headquartered African deeptech startups have a significant funding advantage over their local counterparts.
Partner Content
Partner Content
Khulisani Ventures’ $16.5M Fund Targets High-Growth Startups in South Africa — Applications Close January 2025
The program seeks businesses generating annual revenues of R5–R8 million, with positive cash flows and strong financial reporting.
Partner Content
Ex-Naspers Foundry Chief Joins Prosus Board Following $100M Fund Shutdown
While Mahanyele-Dabengwa’s board appointment signifies a strong leadership strategy, Naspers is also recalibrating its investment approach.
Partner Content
Zambian Digital Lender eShandi Eyes African Dominance with 1M Users and New Expansion
The company reported a revenue surge from $100,000 in 2020 to $12.2 million in 2023.
Partner Content
Kenyan Agri-Fintech VunaPay Tops Latitude59 Pitch, Sets Sights on Europe
Estonia, home to the highest concentration of unicorns per capita in Europe, continues to play a pivotal role in global tech, with companies like Bolt and Admiral Markets active in Africa.
Partner Content
Ventures Platform Investor Proparco Appoints Nigerian Head to Oversee East Africa
In 2022, the agency invested $5 million in Ventures Platform, a Nigeria-based early-stage fund.
Governance, Policy & Regulations Forum
Policy & Regulations Forum
Tax All the Taxable: Nigerian Tech Startups Walk Into 2025 With New Taxes—What’s at Stake?
As Nigeria hurtles toward 2025, a tidal wave of new tax proposals is rolling through the corridors of power in Abuja, setting the stage...
Policy & Regulations Forum
Not Yet: Tunisian Parliament Rejects Reforms to Foreign Currency Account Rules
The proposed measure was an ambitious attempt to alleviate long-standing frustrations over access to foreign currency.
Corporate Governance Forum
At What Price? The Real Cost of Free Legal Aid and Templates for African Startups
“A poorly drafted SAFE...can unravel an entire deal, especially when the company advances to later funding stages.”
Policy & Regulations Forum
Algeria Rolls Out New Digital Banking Rules: Opportunity or Over-Regulation?
It sets the framework for authorizing, structuring, and operating digital banks, offering a blend of modern ambition and vintage bureaucracy.
Policy & Regulations Forum
Will Funding Finally Flow to Tunisian Startups? New Foreign Currency Rules Challenge the Status Quo
This is the most important legislation to come out of the Tunisian startup ecosystem, even surpassing the Startup Act of 2018. It marks the beginning of a new era for startup funding in the North African country.
All the Latest Articles
Updates
“We Once Missed a 10x Exit Opportunity” — Ex-Zoona CEO Reflects One Year After Chipper Cash Deal
"Having clarity on exits and stakeholders’ ambitions is critical as you scale.”
Analysis & Opinions
Big Promises, Short Lives: The Lifecycle Problem of African Corporate Venture Capital
The recent closure of ARM Labs Lagos Techstars Accelerator is not an isolated case.
Partner Content
Khulisani Ventures’ $16.5M Fund Targets High-Growth Startups in South Africa — Applications Close January 2025
The program seeks businesses generating annual revenues of R5–R8 million, with positive cash flows and strong financial reporting.
Policy & Regulations Forum
Tax All the Taxable: Nigerian Tech Startups Walk Into 2025 With New Taxes—What’s at Stake?
As Nigeria hurtles toward 2025, a tidal wave of new tax proposals is rolling...
Updates
“Diversification is Key to Survival for Emerging Market Lenders,” Asaak CEO Says Following 27X Market Growth in Mexico Expansion
“Our shared investors facilitated the acquisition, making it a natural fit.”
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