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    Ecosystem News

    Tesla Opens Casablanca Office With Plans to Sell Cars, Solar — and Electricity

    Tesla’s Moroccan debut comes amid a shifting landscape.

    Africa’s Biggest Battery-Backed Solar Project Is Coming to Southern Egypt — Backed by $184M in Funding

    Located in Qena Governorate in southern Egypt, the $590 million project has been granted a Golden License.

    Lagos Leads Africa in Startup Unicorns — but Its Developers Are Among the World’s Lowest Paid

    Software developers in Lagos earn barely more than 4.8% of what their peers in Silicon Valley receive.

    A Quiet Exit: Nigeria’s Migo Acquired by Long-Time Investor

    The company had previously raised a $20 million Series B round in 2019 to fuel its expansion in Nigeria and Brazil.
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    One Month, Two Rounds: Nigeria’s Terra Industries Hits $34m as Investors Eye ‘Faster-Than-Expected’ Traction

    “Before Terra, governments and operators across Africa were often forced to rely on foreign defense systems from China, Europe, and elsewhere.”

    Mogo Kenya Raises $6.2m in Syndicated Deal With I&M Bank and Ecobank

    The deal marks a strategic pivot for the asset financier as it swaps foreign exchange volatility for local currency stability.

    Jumia Hits Positive Working Capital: The Most Important Chart in African Tech

    The real story lies in what Jumia has chosen to destroy.

    When a Multilateral Bank Goes Seed-Stage: Afreximbank’s Startup Gamble

    This accelerator is not a standalone experiment; it is the logical progression of a more aggressive investment strategy.

    Latest articles

    One Month, Two Rounds: Nigeria’s Terra Industries Hits $34m as Investors Eye ‘Faster-Than-Expected’ Traction

    “Before Terra, governments and operators across Africa were often forced to rely on foreign defense systems from China, Europe, and elsewhere.”

    Mogo Kenya Raises $6.2m in Syndicated Deal With I&M Bank and Ecobank

    The deal marks a strategic pivot for the asset financier as it swaps foreign exchange volatility for local currency stability.

    African Startup Deal Tracker — Newest Deals

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

    The Funding Desert: Why Algerian Startups Are Being Pushed Toward the Public Markets

    In a country where traditional funding channels remain limited, Algerian entrepreneurs are testing whether public markets can fuel innovation - but the path forward is far from certain