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    Ecosystem News

    Novastar Closes $147m Africa Climate Fund as Japanese Corporates Pile Into VC

    The composition of Novastar's Limited Partners (LPs) for NVIII highlights an evolving trend in African VC.

    Breega Nets $8.5m From AfDB as Development Bank Ramps Up VC Appetite

    Both recent AfDB commitments were structured as first-loss tranches via the European Commission’s Boost Africa programme—a blended finance move designed to shield private capital from initial losses.

    Bonds to Builders: Ci Gaba Hits $35m First Close to Turn Ghana’s Pensions into Venture LPs

    A policy push in Accra is reshaping who finances growth companies in West Africa.

    FirstRand Doubles Down on AI Lender Optasia as SA Banks Hunt for Fintech Exits

    This acquisition builds upon FirstRand’s initial strategic investment in October 2025, when the bank took a 20.1% stake in the fintech.
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    Ghana’s Draft ICT Law Could Make Foreign-Backed Startups Illegal

    For the foreign founder eyeing Accra's growing tech scene, the advice is shifting.

    How an $800K African M&A Tech Deal Ran Into a 30-Year-Old Governance Trap

    The ruling has implications that stretch well beyond a single scuppered deal.

    Nigeria’s Alerzo Dissolves Singapore SPVs Amid Asset Freeze and Legal Battle

    The FMCG distribution startup is battling a $2.8m debt recovery suit from Moniepoint as macroeconomic headwinds batter the country's B2B commerce sector.

    The Hidden Machinery Behind Egypt’s Quiet Adtech Exit Boom

    Global buyers are snapping up Cairo-based marketing startups, capitalising on years of rigorous local consolidation.

    Latest articles

    Ghana’s Draft ICT Law Could Make Foreign-Backed Startups Illegal

    For the foreign founder eyeing Accra's growing tech scene, the advice is shifting.

    How an $800K African M&A Tech Deal Ran Into a 30-Year-Old Governance Trap

    The ruling has implications that stretch well beyond a single scuppered deal.

    Sabou Capital Injects $2M Into Nigerian Tomato Paste Maker Tomato Jos as Import Ban Reshapes Market

    The impact-linked debt deal will help the Kaduna-based company expand its farmer network and processing capacity.

    Egypt’s Beltone Reaps 271% Venture Capital Revenue Jump as Bosta Exit Validates Strategy

    The venture unit is not the only part of Beltone's technology drive. The group has been building out its own artificial intelligence capabilities through a subsidiary called Robin.