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    Venture Capital & Funding Sources

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.
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    Ecosystem News

    Early-Stage Investor Saviu Reports Multi-Bagger Return on Lapaire Investment After Exit

    Saviu first invested in Lapaire in 2018, participating in subsequent funding rounds and ultimately holding a 22% stake.
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    Ecosystem News

    Backed by New $13M, Egypt’s Simplex is Building a Major CNC Factory in Riyadh

    CNC machines, which use pre-programmed software to automate the movement of machine tools, are crucial for modern manufacturing processes.
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    WESTERN AFRICA

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.
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    Powering Up: Why Fintechs Are Targeting South Africa’s Prepaid Electricity Startups

    Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
    Updates

    BII Injects $15M Into Starsight Energy to Tackle West Africa’s Diesel Reliance

    The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.

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    The Riyadh-Cairo Pipeline: Saudi’s VMS Lands in Egypt to Hunt for Seed+ Scaleups

    Founders looking to join the first cohort have a narrow window to apply.
    Partner Content

    A New Wave of Tech Firms Is Tapping Nigeria’s Public Debt Market

    The broader market backdrop explains why more technology companies are exploring this route.

    Latest articles

    Updates

    Powering Up: Why Fintechs Are Targeting South Africa’s Prepaid Electricity Startups

    Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
    Updates

    BII Injects $15M Into Starsight Energy to Tackle West Africa’s Diesel Reliance

    The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.
    Updates

    Moniepoint-Backer Lightrock Africa Secures IFC Anchor for New $200M Growth Fund

    The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
    Updates

    Three Years, $618M Pledged: Nigeria’s iDICE Tech Fund Finally Lands With a $729K Startup Grant

    The gap between that announcement and this week’s grant disclosure illustrates how slowly large development-finance vehicles translate into founder-facing capital in Africa’s largest economy.

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