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    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.
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    DEG injects $52m into African Renewable Energy Fund

    These projects encompass a range of technologies, including mini-grids, solar installations for commercial and industrial clients, and small-scale independent power plants (IPPs) with a capacity of up to 25MW.
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    Impact Investor Kholo Capital Secures $76m for Southern Africa

    Kholo Capital will target investments ranging from R70 million to R200 million ( $3.8 million to $10.9 million USD) in SMEs demonstrating a minimum EBITDA of R25 million ($1.4 million USD).
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    SA-Founded RapidDeploy Acquired in Major Deal by Motorola Solutions

    The acquisition underscores the growing importance of NG911 systems, which are designed to replace traditional analogue infrastructure with digital, IP-based networks.
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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.
    Ecosystem News

    Bonds to Builders: Ci Gaba Hits $35m First Close to Turn Ghana’s Pensions into Venture LPs

    A policy push in Accra is reshaping who finances growth companies in West Africa.

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    Egypt’s Telda Abandons the Unbanked to Chase Egypt’s Consumer Credit Boom

    Startup backed by Sequoia Capital abandons original focus on the unbanked to build a vertically integrated financial group.
    Partner Content

    Moniepoint Rides Wave of Nigerian Fintech Consolidation as Venture Funding Retreats

    While Orda currently operates in Nigeria and Kenya, this acquisition only covers its Nigerian operations, leaving the future of its Kenyan arm undecided.

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    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.
    Ecosystem News

    Bonds to Builders: Ci Gaba Hits $35m First Close to Turn Ghana’s Pensions into Venture LPs

    A policy push in Accra is reshaping who finances growth companies in West Africa.
    Partner Content

    SafeBoda Pivots to Corporate Clients as Kampala’s Regulatory Crackdown Threatens Its Ride-Hailing Core

    This latest pivot suggests the company may be approaching the limits of its ability to absorb sustained regulatory pressure.
    Updates

    Nigeria’s Digital Natives Are in Financial Distress. Tech Firms Should Be Worried.

    For the better part of a decade, Nigeria’s consumer technology sector has operated on a reassuringly straightforward demographic premise.

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