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    Ecosystem News

    $10M Daraja Impact Initiative Backs Tanzanian Health-Tech Dawa Mkononi in Inaugural Funding

    In a move towards fostering innovation and social impact in Tanzania, SEAF, a prominent...

    Renew Capital Ventures into Ghana with Investment in Digital Banking Startup Affinity Africa

    In a significant move towards fostering financial inclusion in Africa, Renew Capital, an Africa-focused...

    Japan’s MOL Group Backs Novastar Ventures’ US$200M Fund III

    Mitsui O.S.K. Lines, Ltd. (MOL), a prominent Japanese shipping company with a legacy spanning...

    Shoprite Group Launches W23 Global, a $125M Corporate Venture Fund Targeting Early-Stage RetailTech

    Five of the world’s foremost grocery retailers have joined forces to inaugurate a groundbreaking...
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    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    From Profitability to $10M ARR: How Prembly Cracked Africa’s Identity Infrastructure

    "We’re processing around seven million unique verifications per month, up from 4.7 million."

    Latest articles

    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    NALA Secures up to $50M Credit Facility From MUFG-Backed Liquidity to Pre-Fund Stablecoin Payment Corridors

    "At some point our business was more than doubling every other quarter, we grew faster than we could handle pre-funding for single-direction payments and everything broke."

    South African Fintech Flagship Yoco Buys Restaurant Software Platform Dyner.ai

    The South African payments group is bolting on an AI-native operating system for restaurants, while a new European CEO prepares to take the helm.