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Venture Capital & Funding Sources

Alter VC’s New $30M Fund Targets Startups in Nigeria, Kenya, and Egypt

The firm, which began as a nonprofit entrepreneurial support organization nine years ago, has already raised nearly $5 million of the fund, according to its latest regulatory filing.

September 5, 2024

EASTERN AFRICA

Kenya’s Jackfruit Finance Secures Funding to Advance Education Financing

Jackfruit Finance’s approach involves a technology-driven solution that simplifies the loan application process for schools.

September 4, 2024

WESTERN AFRICA

Startup Act: Inside the New Startup Labelling System in Benin Republic

Startups seeking the startup label must submit their applications online to the Technical Labelling Committee.

September 3, 2024

WESTERN AFRICA

Nigeria’s Central Bank Delays Binance Executive’s Trial

Gambaryan, a U.S. citizen and former IRS Special Agent, has been detained in Nigeria for over six months on charges of tax evasion and money laundering, despite having no decision-making authority at Binance.

September 2, 2024

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Updates

First-Time Founders Drive Nigeria’s Unicorn Boom

Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

August 6, 2026

Updates

Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

August 6, 2026

Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.

July 23, 2026

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