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    EASTERN AFRICA

    Ecosystem News

    Village Capital Boosts African Agritech Startups with $1.2M Investment

    This funding comes as part of Village Capital’s Reducing Inequalities Investment Facility, backed by FMO’s MASSIF Fund, which has now invested $1.6 million across four startups.
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    EASTERN AFRICA

    Ethiopian Banks Gain New Investment Powers: Startups, Others Now Fair Game

    Banks can hold up to 10% equity shares in a single non-banking business other than insurance.
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    EASTERN AFRICA

    TerraPay Secures $95M to Fuel African Remittance Growth, Backed by Major Investors

    The company’s cap table is notably influenced by the IFC, Partech Africa, and Prime V Holding 2 B.V., all of whom have shown continued support for TerraPay’s mission.
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    EASTERN AFRICA

    d.light Secures $176 Million to Expand Solar Access in East Africa

    The company’s PayGo model allows customers to pay for solar products in installments using mobile money.
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    Ethiopian Founder Sells AI Authentication Startup to Vercel a Year After $5m Round

    Bereket Engida's Better Auth, an open-source tool popular with AI developers, has been acquired by the US software group.
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    Meet the 15 Startups Renew Capital Is Backing to Build Africa’s Next Lenders

    The 15 companies, which hail from 10 countries including Ghana, Nigeria, Kenya, South Africa, Morocco and Senegal.

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    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval
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    From Tax Bots to Farm Finance, Hyper-Local AI Is South Africa’s New Battleground

    In an ecosystem often criticised for importing foreign business models, this wave of localised AI, built on proprietary, hard-to-replicate datasets, represents a native competitive advantage.

    Latest articles

    Updates

    Ethiopian Founder Sells AI Authentication Startup to Vercel a Year After $5m Round

    Bereket Engida's Better Auth, an open-source tool popular with AI developers, has been acquired by the US software group.
    Updates

    Meet the 15 Startups Renew Capital Is Backing to Build Africa’s Next Lenders

    The 15 companies, which hail from 10 countries including Ghana, Nigeria, Kenya, South Africa, Morocco and Senegal.
    Updates

    Nigeria Launches Hunt for VC Manager to Run $50m Japan-Backed Startup Fund

    The fund will target pre-seed to pre-Series A startups operating across agriculture, healthcare, education, energy, and waste and water management.
    Updates

    Britain’s Founder Visa Alternative Brings South African Fintech Float to the UK

    Card-linked instalment platform aims to unlock £250bn in unused credit card limits with backing from government programme

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