But will it be enough to reverse the exodus?

Black will work closely with Okoudjou, the executive team, and shareholders to steer Onafriq’s growth strategy, with a particular focus on expanding cross-border capabilities and forging global partnerships.

The company recorded impressive growth in 2024, adding over 1 million users who placed more than 15 million investment orders worth approximately EGP 170bn ($3.4bn).

We looked through our data and uncovered a jarring reality: in 2025, Nigerian VCs are eerily quiet—even after some announced headline-making fundraises. For local founders, this isn’t just a data point; it’s a big concern.

Over the next 12 to 18 months, MaxAB-Wasoko says it expects to see significant topline growth and improved operational efficiency.

In August 2024, Qardy closed a seven-figure pre-seed funding round backed by investors including White Field Ventures, Vastly Valuable Ventures, and a number of angel backers.

Dream VC’s announcement comes amid renewed debate around the dominance of foreign capital and founders in African tech.

The EDFI loan follows a separate $12 million investment last year from Vancouver-based Key Carbon — formerly Carbon Neutral Royalty — with backing from private equity firm Cartesian.

The Casablanca-based financial services provider has announced that non-residents can now open accounts using only a valid passport.

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

Last year, HAVAÍC — a venture capital firm known for strategic tech investments and a recent exit from fellow emergency-tech startup RapidDeploy — invested $1.1 million in AURA through a bridge round, in partnership with AfricInvest.

Cape Verde has long leveraged its geographic advantage.