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    Ecosystem News

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    Africa50 is Betting Big on African Climate-Tech with New $500M Fund

    The new fund, dubbed the Alliance for Green Infrastructure in Africa (AGIA), will focus on off-grid power companies and distributed renewable energy solutions.

    Seed to Series A Focus: Saviu Ventures Raises $26M for Francophone Africa

    Saviu II will deploy investments ranging from €500,000 to €3 million, often acting as a lead or reference minority shareholder.

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    Can Egypt’s Latest Prime Minister-Led Startup Push Finally Deliver on Its Promise?

    This isn’t the firs.t time the Egyptian government has attempted to transform the country’s startup ecosystem.

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.

    Uber-backed Moove Deepens Latin American Push with Kovi Acquisition

    The all-share deal, the value of which was not disclosed, creates a combined entity with annualised revenue of $275 million.

    Trump’s Aid Freeze Hits African Insurtech Firm OKO as New Battle for Survival Begins

    “We survived COVID-19, we survived the war in Israel, but we might not survive Donald Trump.”

    DeepSeek’s $6M Wonder: A ‘Reality Check’ for African AI Talent and Data Centers?

    Africa’s tech ecosystem is not entirely new to the AI arena.

    Analysis & Opinions

    US and European Investors Dominate African Startup Funding Activity for January

    The funding landscape remains heavily influenced by foreign investors, particularly from the United States and Europe, who accounted for nearly 70% of the total investment activity.

    African Fintechs Shift Focus to Engagement as Ad Budgets Tighten

    This..."clearly shows a huge opportunity to connect with consumers through mobile apps.”

    Nigerian Investors Owed the Most as Mobility Startup Gokada Battles $5M Debt in Delaware Court

    The Delaware Bankruptcy Court proceedings recently took a significant turn with the appointment of a Subchapter V Trustee, who is often appointed if there are allegations of mismanagement or non-compliance.

    PARTNER CONTENT

    Fintech Unicorn Wave Takes Over Senegal’s Largest E-Ticketing System

    Senegal’s largest e-ticketing system for public transport is now fully powered by Wave, the fintech unicorn that has taken the country’s financial landscape by storm.

    Trump’s Foreign Aid Freeze Hits Bill Gates-Backed i3 Healthtech Accelerator — 3rd Cohort Now Slashed

    Originally designed to support up to 15 startups, including early-stage ventures, i3’s third cohort will now concentrate on a few select companies with proven traction and the potential to scale quickly.

    UK Backs New GSMA Innovation Fund for African AI Startups

    The fund will offer grants ranging from £100,000 to £250,000 for projects lasting 15–18 months.

    i3 Opens Applications for 3rd Healthtech Accelerator Cohort in Africa

    Early-stage startups will receive a $50K grant and growth-stage startups will receive a $225K grant to unlock major partnerships that can expand patient access across the continent.

    Governance, Policy & Regulations Forum

    One Country, 37 Regulators: A New Way to Run Online Betting Firms in Nigeria

    A Supreme Court ruling has thrown the lottery landscape in Nigeria into disarray, handing control to the states and creating a regulatory patchwork that...

    Stick to the Script: Nigeria’s SEC Rejects Unauthorized License Configurations by Fintechs

    At home, Risevest finds itself now, substantially, embroiled in controversy.

    In Francophone West Africa, Payment Cards are Run by Banks, Not Fintechs

    The COVID-19 pandemic played a catalytic role in accelerating digital payments. In 2023, digital payment transaction volumes surged by 33.78%

    US Still Wants Foreign Startup Founders and VCs under Parole Visa, But at New Fees

    For venture capitalists or government funders looking to back such entrepreneurs, the minimum investment in startups within a five-year period will increase from $633,952 to $746,571.
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    Trending Now

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.

    Africa50 is Betting Big on African Climate-Tech with New $500M Fund

    The new fund, dubbed the Alliance for Green Infrastructure in Africa (AGIA), will focus on off-grid power companies and distributed renewable energy solutions.

    Seed to Series A Focus: Saviu Ventures Raises $26M for Francophone Africa

    Saviu II will deploy investments ranging from €500,000 to €3 million, often acting as a lead or reference minority shareholder.

    IFC Backs Flat6Labs’ $85m Africa Seed Fund

    The Netherlands-based fund will focus on pre-seed and seed-stage investments in North, West, and East Africa.

    Tunisia’s EasyBank Secures Funding to Expand Digital Financial Services Across MENA and France

    The investment will support EasyBank’s entry into new markets, with a focus on the Middle East, North Africa, and France.