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    AfDB Backs Francophone Tech With $7.6m Bet on Saviu II Under New President

    Saviu II is managed by Saviu Partners and will target seed-stage and first institutional rounds, writing cheques of between €500,000 and €3m.

    Egypt’s Breadfast Caught in Geopolitical Crossfire After $50m Raise

    Last month, Breadfast announced it had raised $50m in a pre-Series C round led by Novastar Ventures through its People and Planet Fund III (NVIII).
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    Norfund and Veolia to Invest Up to $50 Million in African Climate-Tech Solutions

    The platform plans to invest between €3 million and €50 million in projects ranging from low-carbon energy solutions and optimized water cycles to sustainable waste management.

    Meet the 42 Startups Selected for Timbuktoo Fintech Hub’s Inaugural Cohort. Over $1M Invested

    The premiere cohort will benefit from comprehensive support...to refine products and scale operations, and equity-free funding up to $25,000 USD.

    Village Capital Boosts African Agritech Startups with $1.2M Investment

    This funding comes as part of Village Capital’s Reducing Inequalities Investment Facility, backed by FMO’s MASSIF Fund, which has now invested $1.6 million across four startups.

    US Bank Mercury Closes Startup Accounts in 13 African Countries After Massive Cyberattack

    While customer funds remained secure, the attackers downloaded sensitive customer information, including names, social security numbers, bank account numbers, and contact information.

    Launch Africa Investment Series: South Africa’s Shiprazor Receives Funding

    Shiprazor’s end-to-end management capabilities encompass a Shipping Aggregator, Fleet Management System (FMS), Returns Management System (RMS), Customer Experience/Notification System, and Address Verification System, ensuring a seamless logistics process from start to finish.

    Digitizing Education: Morocco Invites Foreign EdTech Companies to Submit Tenders

    Interested parties are invited to submit their application files no later than September 15, 2024. Webinars will be organized to share information and answer questions about the Digital Lab.

    South Africa’s Peach Payments Acquires Custom Software Development Firm Operativa

    “Operativa has been a trusted partner since the very beginning of our relationship, so the opportunity to acquire the business was not only a strategic business decision but felt like a natural next step.”

    R&D Maroc, the Fund Manager Behind Morocco’s Innov Invest Fund, Returns to the Scene

    Under the second edition of the Innov Invest Fund, R&D Maroc will offer the “Tech Start” program to startups that have progressed beyond the Proof of Concept stage and are ready to develop prototypes or Minimum Viable Products.

    With Over 200 Angels, $10M Renew Venture Lab Fund 2 Seeks Asset-light African Startups

    “Our journey began in 2012, and since then, we’ve been committed to supporting innovation and growth in African startups.”

    South African Climate-tech Plentify Secures Funding for International Expansion

    “Plentify may have cracked the code on how to architect energy management in the smart home of the future — enabling homes to cheaply and easily maximize their solar self-consumption.”

    Egypt’s Kemitt Secures Undisclosed Funding, Expands into Saudi Arabia

    With over 100,000 SKUs, Kemitt’s unique on-demand manufacturing model ensures orders are delivered efficiently within 7 to 12 days.

    Cameroon Launches Agritech Innovation Challenge to Promote Digital Solutions

    Each winner could receive up to 40 million FCFA (USD$66,000) and support from Patnuc in implementing their respective business plans.

    Latest articles

    AfDB Backs Francophone Tech With $7.6m Bet on Saviu II Under New President

    Saviu II is managed by Saviu Partners and will target seed-stage and first institutional rounds, writing cheques of between €500,000 and €3m.

    Egypt’s Breadfast Caught in Geopolitical Crossfire After $50m Raise

    Last month, Breadfast announced it had raised $50m in a pre-Series C round led by Novastar Ventures through its People and Planet Fund III (NVIII).

    MNT-Halan’s New Moat? Egypt Freezes New Fintech Licences After 182% Growth

    For MNT-Halan and its peers, the next 12 months offer something almost as valuable as capital: time.

    African Startup Funding in Early 2026: More Money, Less Venture

    The squeeze is most visible at the growth stages.