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    Ecosystem News

    Ecosystem News

    European VC Openseed Wants to Invest up to $150K in African Startups

    Maria Rotilu, a former investor with Octopus Ventures and Oxford Seed Fund, is launching...
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    Ecosystem News

    Spiro Secures $50 Million Debt Financing to Expand Electric Vehicle Presence in Africa

     African electric vehicle (EV) company Spiro has signed a $50 million debt financing agreement...
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    EASTERN AFRICA

    Over $100M Funding Fails to Save Copia: 1060 Jobs on the Line as Kenyan Ecommerce Startup Considers Shutdown

    In a somber announcement on May 16th, 2024, Kenyan ecommerce startup Copia notified its...
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    Venture Capital & Funding Sources

    More Debt Funding for Kenyan Climate-Tech: New $95 Million Available

    Kenyan climate-focused businesses and women entrepreneurs received a funding boost this week with a...
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    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    Updates

    African Startup Deal Tracker — Newest Deals

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

    Sponsored Posts

    Partner Content

    Zero Fees vs. High Inflation: Why Cisco Is Doubling Down on Affinity Africa’s ‘Freemium’ Math

    When Affinity received its Savings and Loans license in 2022, it was the first such permit granted in over a decade.
    Partner Content

    Africa’s Growth Problem Isn’t Capital. It’s Leadership Without Collaboration

    Africa’s future won’t be determined by how much money arrives. Ray Langa, Group CEO of Leagas Delaney, writes from Cape Town

    Latest articles

    Updates

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    Corporate Governance Forum

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.
    Ecosystem News

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.

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