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    Ecosystem News

    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.

    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.

    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.

    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

    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

    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.

    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.

    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.

    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.

    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

    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.

    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.

    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.

    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.

    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

    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...

    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.

    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.”

    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.

    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

    “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.”

    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.

    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.

    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...

    “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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