Supported by E3 Capital and Injaro Investments, Ghana-based startup Kofa has just raised $8.1m to power Africa’s clean energy future.
Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
MoneyFellows raises $13m to digitise traditional savings groups and expand beyond Egypt, starting with Morocco later this year.
Seven African pharmacy startups will receive up to $225,000 in grant funding from the i3 programme, which supports the scaling of healthtech innovations across the continent.
Kofa, a Ghana-based energy startup, has raised $8.1 million to expand its AI-powered battery-swapping network across urban Africa, boosting clean, reliable energy access. This marks a major step for Africa’s renewable energy sector.
Techstars-backed Salad Africa has signed a new partnership that will see it provide up to ₦100 million in financing for Glovo merchants in Nigeria.
OmniRetail has raised $20m in a Series A led by Norfund and Timon Capital, with Ventures Platform, Aruwa Capital, Goodwell Investments, and Flour Mills of Nigeria also participating.
GetEquity, a Nigerian equity crowdfunding platform, has achieved profitability by pivoting to debt notes. The platform has processed over ₦500 million since introducing debt notes.
Chinonso Egemba, known as Aproko Doctor, is teaming up with Jesse Benedict to launch AwaDoc, a healthtech startup. The duo are betting on his massive following, WhatsApp, and AI to improve healthcare access for Nigerians.
Twiga Foods has acquired three FMCG distributors in Kenya to expand its reach, even as it grapples with leadership exits, layoffs, and a recently resolved debt dispute.
From tracking public spending to monitoring elections, these Nigerian startups are using technology to make government more transparent, efficient, and responsive to citizens’ needs.
South African startup Zimi has secured $320,000 to pilot tech that turns electric vehicles into mobile power stations, offering a potential fix for South Africa’s energy woes through vehicle-to-grid innovation.
Vendease entered the Ghanaian market in 2022 after securing a Series A round, but exited two years later as it struggled to meet demand for its eCommerce services.
Tunisian startup, Historiar is transforming the way everyone interacts with historical sites and periods by reconstructing the past with 3D remodelling and artificial intelligence.
Meet five agritech startups transforming Nigerian farming with tech. But one insecurity still stands in their way. Here’s how they’re pushing through.
Whether you’re an investor, a startup founder, or a consultant advising clients on foreign company incorporation in Nigeria, getting a firm grip on this requirement is key to a smooth market entry.
Enugu state is one of Nigeria’s growing tech hub, with startups ranging from fintechs to sustainable energy, the city is set to become one of Nigeria’s most innovative places.
Moniepoint investor, Development Partners International, has taken over Egypt’s Nclude Fund, marking a major leadership shift and strengthening its African footprint.
Oluwatomi Solanke has built three startups in a decade, but it’s Trove Finance Finance, a pioneering investment platform, that he’s best known for. In this article, he reflects on past failures, building with purpose, and how Trove Finance quietly hit profitability.
Umba, a digital bank in Kenya, has secured $5M in funding from Star Strong Capital to grow its loan book. With a sixfold revenue increase driven by vehicle and SME financing, the fintech is poised to expand its offerings and solidify its position in Kenya’s market.
PayTic, a Moroccan fintech startup, has raised $4 million to scale its payment automation solutions across North and Sub-Saharan Africa.
USADF’s $51M funding cut reveals African startups’ overdependence on foreign aid, prompting urgent calls for local, sustainable financing to support businesses.