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    Ecosystem News

    African Startups Raise $340m in February as Debt Eclipses Venture Equity

    This month, Nigerian venture capital firms were the largest exporters of capital.

    Afreximbank Deepens Bet on Spiro With Over $200m in Backing in Two Years

    The rapid succession of capital injections makes Spiro one of the most heavily capitalized e-mobility players operating on the continent.

    Beltone Widens Its Investment Stack to Capture Growth-Stage Winners

    The Cairo-based financial group is expanding its investment stack beyond early-stage bets.

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.

    South Africa’s Araxi Acquires Fintech Pay@ for $62m to Consolidate Regional Payments

    Over the last 12 months, the company processed more than R60bn ($3.7bn) in transaction value.
    Analysis & Opinion

    Ten Key Trends That Shaped African Tech Funding in February

    Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.

    What Failed African Startups Taught Their Most Active Investors

    From Sendy to Dash to Copia, a wave of high-profile collapses has quietly rewritten the investment playbooks of the continent's most prolific funds.

    Beyond Borders: The African Countries Attracting the Most Capital from Nigerian VC Firms

    Collectively, the data reveals a venture capital community in transition — albeit a cautious and selective one.

    Fresh Funds African Tech Firms Can Pitch to in 2026

    The list also features hundreds of the most active funds in 2025.

    Cheap, Collateral-Free, and Non-Dilutive: The ‘Unicorn’ Debt African Founders Are Chasing

    By the time Abuja-based founders start looking for their first serious debt facility, many have already spent months hearing versions of the same answer.

    Partner Content

    Nigeria Is Now M-KOPA’s Most Productive Market. Here’s How Its 11K Agent Network Changed the Game

    Here is an analysis of why Nigeria’s sales network is outperforming its peers.

    The Diaspora Founder Formula Behind Côte d’Ivoire’s Most Prolific Venture Studio

    Mstudio now accounts for 68% of all disclosed pre-seed and seed rounds in the country.

    MaxAB-Wasoko Swaps Founders for Operators in Hunt for Profitability

    Following the departure of Wasoko founder Daniel Yu as CEO late last year, the combined entity is now aggressively reshuffling its regional leadership...

    Bosta’s Blitz: Can a SuperJet Deal and a Planned IPO Fix Egypt’s Last-Mile Growing Pains?

    Bosta is successfully executing the first half of the “Scale-at-All-Costs”

    Beyond the Handshake: How AI Is Forcing Universities to Rewrite Their Contract with Students

    With 39% of core skills expected to shift by 2030, universities are ditching the lecture hall for project-based 'technical hybrids' and AI-integrated curricula.

    Governance, Policy & Regulations Forum

    Ethiopia Bans Birr-Based Crypto Trading as Forex Pressures Mount

    Any form of Birr-denominated P2P trading or exchange involving cryptocurrencies, the notice added, “is also prohibited.”

    Egypt’s First ‘Startup Label’ Goes to Digital Lender Flend

    Flend, a digital lender for small and medium-sized enterprises (SMEs), has become the first Egyptian company to be officially granted "Startup Label" certification.

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.

    Temu’s 13m-User Milestone in Nigeria Triggers a ‘Data Sovereignty’ Showdown

    The regulatory net around Chinese ultra-fast fashion platforms is tightening across Africa.

    All the Latest Articles

    Nigeria’s Macro Meltdown Puts Alerzo to the Test Amid ₦4.38bn Debt and Asset Freeze

    For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.

    Senegal’s Sovereign-Backed Fund Oyass Doubles Down on Healthtech Eyone with $1.7m Injection

    With the new capital, Eyone plans to move beyond its core record-keeping functions.

    Ethiopia Bans Birr-Based Crypto Trading as Forex Pressures Mount

    Any form of Birr-denominated P2P trading or exchange involving cryptocurrencies, the notice added, “is also prohibited.”

    Ten Key Trends That Shaped African Tech Funding in February

    Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.

    African Startups Raise $340m in February as Debt Eclipses Venture Equity

    This month, Nigerian venture capital firms were the largest exporters of capital.