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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.

    Global Investors Are Buying Up South African Cybersecurity Firms in Record Numbers

    The feeding frenzy is showing no signs of abating anytime soon.

    Following TymeBank’s acquisition of Retail Capital, FutureGrowth Invests $8.3M in Rival Sourcefin

    Sourcefin, a South African fintech company specializing in alternative funding for small and medium-sized...

    Tyme Group Becomes Africa’s Latest Unicorn After $250 Million Funding Round

    The funding round attracted global heavyweights, including a $150 million investment from Nu Holdings Ltd., Latin America’s largest financial institution.
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    IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

    Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.

    African Startup Deal Tracker — Newest Deals

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

    10,000 Interns and Counting: The Massive Tech Skills Offensive Led by Egypt’s ITIDA

    The payoff is starting to show. In the fiscal year 2022–2023, Egypt’s IT-enabled services sector grew by 54.2%, reaching $3.7 billion in exports.

    9 in 10 African Companies Lack AI Skills. SA’s WeThinkCode Just Got $2M From Google to Fix It

    WeThinkCode, founded in Johannesburg in 2015, runs tuition-free, aptitude-based coding programmes designed to make digital careers accessible to underrepresented communities.

    Latest articles

    IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

    Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.

    African Startup Deal Tracker — Newest Deals

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

    The South African Powering Chime’s $18.4 Billion Nasdaq Debut

    Serving as Chime’s Chief Operating Officer since 2019, he played a crucial role in guiding the company through pandemic-era volatility

    From Dakar to Marseille: Southern France Woos African Startup Founders

    For founders considering a European expansion strategy, southern France — often overlooked in favor of Paris or Berlin — may now be worth a serious look.