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    France’s Hummingbirds Raises $59M to Scale Carbon Credit Sales in Kenya and Across Africa

    Most carbon finance enters the market once a project is already operational. Hummingbirds is moving further upstream to address the supply-side bottleneck.

    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.
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    Bad Reporting Is Killing African Startups’ Funding Chances. Egypt’s VCs Have a Fix

    Under the new system, startups will now report a uniform set of metrics.

    Armed with New $75m, Egyptian Proptech Nawy Makes an Unlikely Turn Toward Fund Management

    The move comes on the heels of a $75m capital injection in May.

    Uruguayan Fintech Unicorn dLocal to Acquire AZA Finance in Push Into African Payments Market

    AZA Finance, a Nairobi-founded cross-border fintech, now supports over $9bn in transaction volume across 15 million transactions.

    France’s Bpifrance Backs Tunisia’s Kumulus in $3.5M Round to Scale WaterTech Abroad

    Bpifrance’s investment in Kumulus reflects its growing activity in Africa’s startup ecosystem — particularly in Francophone countries.

    Partech’s €280M Africa Fund Goes to Work: Four Deals in May Signal Aggressive Bet on Continent

    Partech’s reach now spans West, North, East, and Southern Africa. The firm recently opened a new office in Lagos, joining existing locations in Dakar, Nairobi, and Dubai.

    Africa’s Sixth-Largest Telco Axian Offers Jumia a Lifeline with 8% Stake Acquisition

    Axian Telecom CEO Hassan Jaber framed the move as a long-term strategic bet on Africa’s digital economy.

    African Startup Funding Crosses $1bn in 2025 Amid Strong May Deal Flow

    With nearly half the year still ahead, Africa’s startup ecosystem appears on track to exceed 2024’s funding total, especially if current momentum continues.

    Morocco Looks to Plug and Play to Supercharge Its Startup Ecosystem

    The programme will provide selected startups with hands-on support, including access to Plug and Play’s global offices and its network of multinational corporations .

    Nigeria’s Medsaf Quietly Shut Down in 2024 After Raising $2M to Digitise the Pharmaceutical Supply Chain

    Medsaf’s Delaware corporation is still undergoing formal wind-down procedures, while its Nigerian entity remains dormant.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week.

    West Africa’s Central Bank, BCEAO, Extends Fintech Licensing Deadline Amid Industry Pressure

    Launch Base Africa describes the development as one of the most closely followed issues on its platform in the region during the month of May.

    AfricInvest Ends Multi-Year Bet on Egyptian Fintech MDP

    The company, co-founded and led by Ahmed Nafie, offers an end-to-end digital payment infrastructure solution across Africa and the Middle East.

    Latest articles

    France’s Hummingbirds Raises $59M to Scale Carbon Credit Sales in Kenya and Across Africa

    Most carbon finance enters the market once a project is already operational. Hummingbirds is moving further upstream to address the supply-side bottleneck.

    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.

    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.

    Egypt Wants to Be Your LP: Applications Open for New $1bn Fund-of-Funds

    Egypt is stepping up efforts to attract venture capital following the launch of its long-awaited Startup Charter.