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    Venture Capital & Funding Sources

    Launch Africa Ventures’ $100M Fund II Expands Portfolio with 16 African Startups

    Launch Africa, based in Mauritius, led African startup investments for consecutive years, averaging over one deal per week in 2022. Known for supporting market leaders like Kuda and MarketForce, the VC has diversified investments across pre-seed, seed, and Series A startups continent-wide.

    Breega Launches $75 Million Fund for Early-Stage African Startups

    Breega with offices in Lagos and Cape Town, aims to back African startups that address the continent's unique challenges and contribute to sustainable development.

    UM6P Ventures Expands Focus to Fund Pan-African Startups with Up to $700K

    UM6P Ventures, the venture capital arm of Mohammed VI Polytechnic University (UM6P), is expanding...

    France Launches “Fonds Maghreb,” a €100M Fund Backing Startups Expanding to North Africa

    In a landmark initiative announced by the President of the Republic, the French government...
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    Nigerian Financial Watchdog Warns of Elaborate Wire Transfer Scams

    The Nigerian Financial Intelligence Unit (NFIU) has issued a comprehensive advisory warning of a surge in fraudulent petitions related to international wire transfers. These elaborate wire transfer scams, often involving forged documents and fictitious narratives, target unsuspecting individuals and businesses, posing a significant threat...

    Open Startup Opens Applications for OST Support Program for Senegalese, Tunisian, and Moroccan Startups

    Open Startup (OST) is a non-governmental organization dedicated to fostering innovation through entrepreneurship, education, and intercultural exchanges. By connecting ecosystems across Africa and beyond, OST aims to build communities that promote innovation and capacity development. On Wednesday, June 26, 2024, OST announced the opening...

    Applications Open for NINJA Accelerator Program in Ethiopia

    Renew Capital, in collaboration with the Ministry of Innovation and Technology (MInT) of Ethiopia and the Japan International Cooperation Agency (JICA), has opened applications for the 2024 NINJA (Next Innovation with Japan) Accelerator program. The program is designed to support tech-enabled startups in Ethiopia that...

    Wizall Money: The Corporate-Backed Moroccan Fintech Heats Up Competition to Displace Ivory Coast’s Djamo

     Wizall Money, a subsidiary of Moroccan banking giant Banque Centrale Populaire (BCP), is making a bold move in the West African fintech landscape with the launch of its new prepaid debit card in Ivory Coast. The “Carte Bleue Wizall Money,” available in both virtual...

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    Nigerian Financial Watchdog Warns of Elaborate Wire Transfer Scams

    The Nigerian Financial Intelligence Unit (NFIU) has issued a comprehensive advisory warning of a...

    Open Startup Opens Applications for OST Support Program for Senegalese, Tunisian, and Moroccan Startups

    Open Startup (OST) is a non-governmental organization dedicated to fostering innovation through entrepreneurship, education,...

    Tunisian Startups Secure 50 Deals Through Orange Fab Accelerator Program

    Orange Tunisia continues to actively support Tunisian startups through its comprehensive program, from guidance...

    Is HostAfrica Eating Africa’s Web Hosting Industry Alive? The Buyout Blitz Continues

    In a strategic move to strengthen its presence in Nigeria, HostAfrica has announced the...