Ecosystem
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About a week after securing a $30 million capital commitment from EIB Global, Seedstars Africa Ventures will receive $10.5 million in new funding from the African Development Bank (AfDB) to boost innovations in Africa.
The United Nations Development Programme has collaborated with several African countries to launch Timbuktoo, a $1 billion initiative to power Africa’s startup revolution.
Convergence Partners, a pan-African private equity firm, has agreed with Alviva Holdings to acquire the entire stake in Datacentrix, a South African integrated ICT solutions provider, via its Digital Infrastructure Fund.
General Atlantic, a New York-based growth investor, plans to acquire Actis, a London-based energy infrastructure investor, in an undisclosed deal expected to close in the second quarter of 2024.
Seedstars Africa Ventures has received $30 million from EIB Global, a subsidiary of the European Investment Bank, to support early-stage startups.
Ethiopia’s first VC-backed incubator, weVenture, is taking the country’s tech ecosystem by storm with lofty goals and a plan.
We asked some of the most influential people in the Nigerian tech ecosystem what 2023 was like for them and what they wanted for Christmas. They also shared which stories shocked them the most this year.
Peace Itimi’s documentary, Innovating Africa, offers insight into the evolution of Nigeria’s tech ecosystem. Compiled from over 24 hours of footage, Itimi shares the motivation for its creation.
Blockchain payments platform, Bitmama Inc. has confirmed the acquisition of Payday, a virtual card service provider. The news comes barely nine months after Payday announced its $3 million seed round and three months after its exploration of sale options was confirmed. Facilitated through Bitmama’s cross-border payments product Changera, the acquisition marks a pivotal shift from…
Mastercard Foundation Africa Growth Fund now supports five Africa-focused investment firms with investments into Chui Ventures, SME Impact Fund, and VestedWorld.
The Eco Pilot Fund I will invest in up to 10 pre-seed startups in the energy, mobility, and agricultural sectors while providing fundraising assistance.
Aduna Capital’s $20 million fund will focus on startups from Northern Nigeria and aim for a 50% female representation.
Few things have the power to bring people together and cultivate a sense of teamwork like the beautiful game of football. Oui Capital encourages teams to explore beyond business as usual through the dynamic fusion of competition, camaraderie, and creativity fostered at Startup Cup. Startup Cup offers a refreshing opportunity, uniting founders, startup employees, investors,…
Reports in recent months have highlighted founder misconduct in Africa, but while they do not represent the general ecosystem, investors fear they could hurt fundraising efforts.
LeapFrog Investments plans to raise $1 billion for the Emerging Consumer Fund IV, a new fund that will invest in healthcare and financial companies in “global growth markets” such as Africa.
Sony Group, through Sony Ventures Corporation, has launched a $10 million fund — Sony Innovation Fund: Africa (SIF: AF) — to support entertainment businesses in Africa.
Three months after launching CoverAI, an AI-powered cover letter, the company has been sold to Whitesea for an undisclosed amount.
Private Equity firm, Alterra Capital Partners has raised $140 million in the first close of its $500 million fund. The fund has billionaires Aliko Dangote and David Rubenstein as some of its investors.
Northern Nigeria constitutes 58% of Nigeria’s population, but has seen little growth in startup activity, but a coalition of founders and investors are working to change the narrative.
This month, Techstars Toronto made its 100th investment in six years. Sunil Sharma, Managing Director of the Toronto-based accelerator, shares some insights from the journey.