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    EASTERN AFRICA

    Norfund Doubles Its $40M Investment in CrossBoundary Energy Two Years After

    In July 2022, CrossBoundary Energy announced the completion of a US$40 million equity investment from Norfund and KLP, Norway’s largest pension company.
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    SOUTHERN AFRICA

    South African Insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal

    Founded in 2018 by former Ernst & Young executives and actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked distinguishes itself through a fully digital, AI-driven insurance platform.
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    Ecosystem News

    IFC Halts $50m Credit Line for African Fintech Onafriq

    The IFC’s proposed $50m investment, comprising an A Loan and B1 Loan Participations, was intended to further fuel Onafriq’s growth.
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    Venture Capital & Funding Sources

    The Top Small-Ticket VCs Backing Early-stage Tech Startups in Africa

    Investments in African tech startups go beyond supporting unicorns. There are hard-tilling VCs operating at the roots.
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    African Startup Deal Tracker — Newest Deals

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

    Ghost Workers, a BMW X5, and $700K Missing: The Insider Fraud Rocking Francophone Africa’s HR Darling

    Socium, founded in 2021 by Samba Lo and Serigne Seye, provides payroll, recruitment and workforce management software to businesses across 21 Francophone African countries.

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    Partner Content

    1M Users in 8 Years, 9M in 6: The Smartphone Pivot Driving M-KOPA’s Hypergrowth

    The group now signs up about 10,000 new customers daily.
    Partner Content

    Donor-Backed AI Health Tools Proliferate Across Africa, but Sustainability Remains Elusive

    Gates-funded report finds 20 deployed solutions delivering tangible results, yet most rely on short-term grants and lack independently verified cost savings

    Latest articles

    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.
    Updates

    Ghost Workers, a BMW X5, and $700K Missing: The Insider Fraud Rocking Francophone Africa’s HR Darling

    Socium, founded in 2021 by Samba Lo and Serigne Seye, provides payroll, recruitment and workforce management software to businesses across 21 Francophone African countries.
    Updates

    Over $500M Lost in Two Years: Eight Graphs That Map the Blind Spots Behind Recent African Startup Collapses

    The period between early 2024 and mid-2026 has been the most unforgiving in the short history of African venture-backed entrepreneurship.
    Partner Content

    From an Angry Post to a $50m Ribbon-Cutting: The Land Battle Behind an Egyptian Deeptech Scaleup’s $50m Factory

    Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.

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