More
    HomeEcosystem NewsWESTERN AFRICA

    WESTERN AFRICA

    Norfund Backs Nigeria’s OmniRetail in $20M Round — Its First Direct African Startup Investment

    The funding follows significant internal achievements: OmniRetail became EBITDA positive in 2023 and net profitable in 2024, a rare milestone for African B2B commerce startups.

    What Went Wrong at Edukoya? Nigerian Edtech Closure Raises Market Questions — and Financial Red Flags

    Even in 2022, a year after the purported $3.5 million raise, Edukoya presented a net liability of £353,881.

    Togo’s Gozem Raises $30M to Fuel Vehicle Financing Across Francophone Africa

    For Morocco’s Al Mada Ventures, investing in a high-growth super-app in Francophone Africa fits its broader financial services strategy.

    Nigerian Fintech Giant Flutterwave Eyes Lagos IPO as Wall Street  Debut Remains Uncertain

    Experts, however, question if Flutterwave listing on the Nigerian Exchange (NGX) will maximize investor returns.
    spot_img

    Keep exploring

    South African Biotech Immobazyme Raises $2.9m to Localize Biologics Manufacturing

    The University of Stellenbosch spinoff is building a new facility in Cape Town to tackle Africa's reliance on imported active pharmaceutical ingredients.

    South African Agritech SwiftVEE Raises $10m to Bring Fintech to Livestock Trading

    The platform wants to do more than just digitise auctions - it wants to layer financial services onto the $100m in livestock it trades annually.

    Five African Women-Led Startups Win Naspers Backing — a First for the Embattled Investor

    After shuttering its R1.4bn venture fund amid criticism over diversity, the South African tech giant is betting on female founders with equity-free grants

    Rethinking Urban Work: Why the 15-Minute City Matters

    As CEO of Workshop17, Paul Keursten has observed how the geography of work affects business performance and quality of life. Here, he shares his lessons.

    Latest articles

    South African Biotech Immobazyme Raises $2.9m to Localize Biologics Manufacturing

    The University of Stellenbosch spinoff is building a new facility in Cape Town to tackle Africa's reliance on imported active pharmaceutical ingredients.

    South African Agritech SwiftVEE Raises $10m to Bring Fintech to Livestock Trading

    The platform wants to do more than just digitise auctions - it wants to layer financial services onto the $100m in livestock it trades annually.

    Egypt Makes Remote Tech Talent Exports Tax-Free — And Multinationals Are Lining Up

    Egypt’s tax clarification removes a genuine barrier for service exporters.

    DFIs and European Funds Keep Africa’s 2025 Rebound on Track in November Despite Cooling VC Flows

    With one month remaining in 2025, the African tech ecosystem has firmly rebounded from the lows of 2024.