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    EBRD Backs Nigerian Grid-Tech Startup Beacon Power Services in $20.9m Push

    At the heart of the problem is a vast metering gap. An estimated 4.7mn electricity customers remain unmetered.

    Climate Fintech Nithio Launches $150M Debt Fund to Back Africa’s Electric Vehicle Fleets

    With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.
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    9 in 10 African Companies Lack AI Skills. SA’s WeThinkCode Just Got $2M From Google to Fix It

    WeThinkCode, founded in Johannesburg in 2015, runs tuition-free, aptitude-based coding programmes designed to make digital careers accessible to underrepresented communities.

    Bank of Ghana, Yellow Card, and Stablecoins: The Unfinished Regulatory Tension

    On June 10, 2025, the Bank of Ghana (BoG) issued a stern notice: “Caution on Unlicensed Digital Platforms.” It called out YellowPay — a stablecoin-powered payment offering promoted by Yellow Card Financial Inc. 

    Zambia’s First PAYGO Solar Firm VITALITE Acquired in Landmark Deal by Canada’s Solar Panda

    The acquisition reflects a broader trend in Africa’s distributed energy sector, where early movers are now becoming targets for consolidation as newer entrants seek to de-risk market entry and achieve scale.

    Bolt’s South African Partner MyNextCar Secures $10M to Expand Low-Cost Fleet

    This expansion is poised to substantially increase the number of drivers able to earn an income through Bolt

    While Its Non-African Investments Return 1.3x, Silverbacks’ Nigeria Exits Deliver 10.7x — Inside the VC’s Latest Move

    These consistent, strong exits with attractive IRRs demonstrate that investing in Africa is not only viable but also a smart move for generating superior returns.

    South Africa’s Nile Raises $11.3m to Expand Agri-Tech Marketplace Across Southern Africa

    The funding round was led by the Cathay AfricInvest Innovation Fund, with participation from FMO, the Dutch entrepreneurial development bank.

    Salus Cloud Raises $3.7M to Tackle African DevOps ‘Blind Spot’

    “Startups shouldn’t be burning capital building infrastructure that’s not core to their mission.”

    A Quiet Exit: Nigeria’s Migo Acquired by Long-Time Investor

    The company had previously raised a $20 million Series B round in 2019 to fuel its expansion in Nigeria and Brazil.

    French Investor Club Super Capital Eyes Africa and Middle East Expansion with New €250k Tickets

    The new initiative, called the MEA Club, will deploy between €100k and €250k per startup, with a target of investing in ten companies per year.

    Meet Ora, the Two-Year-Old Superapp Challenging Glovo in an Unlikely Battle in Morocco

    Even as a cohort of the brightest startup founders in Morocco were being shuttled between Rabat and Barcelona for an exclusive mentorship program, the image of their benefactor, delivery giant Glovo...

    Can EVs Survive Blackouts? South Africa’s State Bank Puts $5.6M Behind One Startup’s Answer

    “This show of faith by the DBSA is not just financial — it is symbolic.”

    Latest articles

    EBRD Backs Nigerian Grid-Tech Startup Beacon Power Services in $20.9m Push

    At the heart of the problem is a vast metering gap. An estimated 4.7mn electricity customers remain unmetered.

    Climate Fintech Nithio Launches $150M Debt Fund to Back Africa’s Electric Vehicle Fleets

    With capital heavily concentrated in a handful of giants, Nithio’s FUEL vehicle aims to widen the financing pipeline for charging networks and fleet operators.

    The Hidden Costs of MNT-Halan’s Mass-Market Lending Model

    Although disputed claims represent less than 3.5% of lifetime originations, one lawsuit for every 15 active borrowers highlights the legal and administrative costs of enforcing unsecured loans in high-inflation markets.

    In Memoriam: Andrew Milne, the Kuunda Co-Founder Who Took Lending to Mobile Money Networks

    Between 2015 and 2017, he was chief operating officer of mobile money company Zoona.