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    Meet the Six Startups Selected for Google’s 2024 Black Founders Accelerator Programme in Africa

    Google states that past beneficiaries from the Black Founders Accelerator and Black Founders Fund, spanning Africa, Europe, Brazil, and the United States, have collectively received over $30 million in funding to expand their businesses.

    Former Google Product Lead Joins Egypt’s Efreshli Amid New Investment Round

    Efreshli recently launched its first flagship showroom in Cairo, offering customers a tactile experience that complements the online platform.

    develoPPP Ventures Pours New Funding into Five Ghanaian Startups, Eyes Côte d’Ivoire Expansion

    This marks the fourth develoPPP Ventures cohort in Ghana, reflecting BMZ’s ongoing commitment to fostering local innovation and sustainable economic growth in emerging markets.

    Cameroon’s FindMe Secures Multi-Million Currency Deal to Digitize Postal Addressing Across Francophone Africa

    “With the rise of e-commerce, it’s essential to have a system that guarantees efficient last-mile delivery. Our solution ensures accurate identification, while helping the country meet Know Your Customer (KYC) requirements for banking services."
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    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    From Profitability to $10M ARR: How Prembly Cracked Africa’s Identity Infrastructure

    "We’re processing around seven million unique verifications per month, up from 4.7 million."

    Latest articles

    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    NALA Secures up to $50M Credit Facility From MUFG-Backed Liquidity to Pre-Fund Stablecoin Payment Corridors

    "At some point our business was more than doubling every other quarter, we grew faster than we could handle pre-funding for single-direction payments and everything broke."

    South African Fintech Flagship Yoco Buys Restaurant Software Platform Dyner.ai

    The South African payments group is bolting on an AI-native operating system for restaurants, while a new European CEO prepares to take the helm.