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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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    Cash Plus Backer Mediterrania Capital Seals €600M Final Close of Fourth Fund

    The fund secured backing from a mix of institutional investors, with a significant share coming from development finance institutions (DFIs).

    African Startup Deal Tracker — Newest Deals

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

    From Washington to a Lagos Cell — Binance’s Crime Chief Closes the Chapter

    Gambaryan, who built Binance’s global investigations team from scratch, said he now plans to shift focus.

    A Decade in the Making: How a 10-Year Partnership Turned into a $150M African Tech Acquisition

    AZA was once nearly acquired by the now-defunct FTX for $220M.

    UNDP’s timbuktoo Platform Is Hunting for Africa’s Next Creative-Tech Founders

    Despite incredible talent and innovation, African creatives contribute just 2.9% of global creative exports.

    Flutterwave-backer 4DX Ventures Drafts Heavyweights for Global Playbook & Beyond-Seed Strategy

    With the addition of Alemayehou and Sekyi-Otu, 4DX is expected to take a more expansive approach to deal sourcing and strategic advisory, particularly in sectors like the creative economy and later-stage growth capital .

    Ex-Expensya Staff Back Thunder Code in $9m Seed Round to Bring AI Agents to Software Testing

    The idea behind Thunder Code emerged while Jouini was serving as CTO at Medius, overseeing integration across six acquired software companies.

    Ex-Google, AXA and MTN Execs Land $10M from IFC for Senegal’s AI Health Startup KERA

    KERA is led by a founding team with deep expertise across healthcare, telecommunications, and artificial intelligence.

    The Investors Most Likely to Join Egypt’s Next Big Startup Rounds in 2025

    Here are the investors that have already funded Egyptian startups in 2025, and who are likely to re-invest before the year is out.

    Profitable, Bootstrapped, and Processing Over $10B: Nigeria’s Fincra Eyes Global Growth

    In Nigeria, for instance, the company powers most of the digital payments for the country’s booming online betting industry.

    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.

    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.