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    Dodai Raises $13m Series A to Scale EV Battery-Swapping in Ethiopia

    Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.

    The Battle for Driver Financing: Gozem’s $24.5M Debt Raise Raises the Stakes for Regional Rivals

    The new facility comes on the heels of a transformative 12 months for the Lomé-based company.
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    Want to Raise a VC Fund in Africa? Expect a Year and a Half to Establish Your Track Record

    Only 32% of established investment managers and 26% of emerging investment managers work full-time on their investment vehicles.

    Cameroon’s Kiro’o Games Makes History: First Black African Game on Xbox

    “It’s the first time a game made in sub-Saharan Africa and by Africans will be present on a gaming console.”

    Zimbabwe’s National Venture Capital Fund Hunts for Investors in Local Startups

    National venture capital funds are rare in Africa, but where they exist, they have demonstrated effectiveness.

    Local vs. Global Buyers: The Dominant Exit Path for African Startups

    International acquisitions typically show higher average values compared to domestic exits

    Havaíc Raises $15M to Back African Startups Scaling Into New Markets

    This latest fund marks a substantial increase from Havaíc’s previous ventures.

    WhatsApp Faces Nigeria Exit Over $220 Million Fine, Amidst Low African Revenue

    Globally, Meta generated $75.5 million in revenue during the same period, with the remaining $8.4 million coming from regions outside of North America and Europe, including Africa, Latin America, and the Middle East.

    Flutterwave Expands in Ghana with Enhanced PSP License

    Statista projects the Ghanaian digital payments market to reach $7.46 billion in 2024, with a projected CAGR (compound annual growth rate) of 14.81% leading to a market size of $12.96 billion by 2028.

    Nigeria’s Protests Spark Internet Slowdown: Tech Sector on Edge

    Social media is abuzz with complaints about the sluggish internet, with some users directly appealing to Elon Musk, noting that even Starlink’s service has been affected.

    Helios Raises $200 Million for Africa Climate Fund

    The CLEAR Fund aims to bridge this gap by providing much-needed capital to African businesses working on climate solutions.

    Maroc Numeric Fund II Hit Hard: Fintech Startup Yallah Xash Closes Doors

    Previous investments that faltered include NetPeas, an IT services company that failed to deliver on its SaaS security solutions; Souk Affaires.ma...

    Meet the 10 African AI Startups Selected for Google Accelerator

    The program, which has been instrumental in supporting African startups since 2018, has become a cornerstone of the region’s tech ecosystem.

    Réunion: France’s Unexpected Tech Rising Star in Africa

    Nestled in the Indian Ocean, amidst turquoise waters and volcanic peaks, lies Reunion Island,...

    Latest articles

    Dodai Raises $13m Series A to Scale EV Battery-Swapping in Ethiopia

    Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.

    The Battle for Driver Financing: Gozem’s $24.5M Debt Raise Raises the Stakes for Regional Rivals

    The new facility comes on the heels of a transformative 12 months for the Lomé-based company.

    Egypt’s Central Bank Removes Ownership Cap on Fintechs, Clearing the Way for Bank Acquisitions

    A circular issued recently by the CBE expands the legal definition of "financial companies" to include fintech startups, money transfer operators, and SME lenders.

    The Franchise Ceiling Nobody Talks About

    "Growth is outpacing the structures built to hold it. The answer is not more stores, it is a better middle layer." - Larry Hodes, CEO Grow Franchising & FASA Board Member, writes from Johannesburg.