For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
The country will host the Africa Cup of Nations in 2025, expected to attract around 500,000 visitors, and is part of a joint bid to host the 2030 FIFA World Cup.
The CEAC was created as a cornerstone of Senegal’s Startup Act, which was ratified in 2021 by President Macky Sall following its 2020 adoption by the National Assembly.
The startup’s platform offers farmers an integrated system that includes real-time monitoring, emergency alerts, remote control features, and data-driven analytics to implement best farming practices.
Nawy, Africa’s largest proptech platform, sees the acquisition of ROA as a natural extension of its mission to simplify real estate transactions for buyers, sellers, and investors.
At its peak investment phase in Africa in 2022, Adaverse allocated up to $200,000 per startup, targeting ventures that combined sector expertise with Web3 innovations.
However, SWVL has scaled back its global presence, retaining operations only in the UAE, Egypt, and Saudi Arabia after divesting its subsidiaries in other regions.
As Y Combinator and other global investors scale back their focus on emerging markets, African startups may need to rely more on local ecosystem builders and support systems.
Fonds Capital Venture (FCV) is a Moroccan investment fund based in Casablanca. FCV focuses on early-stage investments in high-potential local businesses.
For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.
