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
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Sycamore, Drive45, Crop2Cash, and 24Seven were standout winners at Cascador Pitch Day, securing over ₦4 billion in financing to accelerate their growth.
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Moroccan agritech startup Sand to Green has won a $50K grant at the DeepTech Summit, spotlighting Africa’s rising climate-tech sector and growing investor interest in sustainable innovation.
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AURA has raised €13.5M in Series B funding to expand into the U.S. and develop a global dispatch network that connects users with nearby emergency responders, regardless of national borders.
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In this chat with Techpoint Africa, Margaret Ntambi, Partner at Velocity Digital, explores the potential of femtech in Africa, highlighting how investing in solutions for women’s health can drive economic growth and improve lives across the continent.
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Nigerian delivery startup Chowdeck has officially launched in Ghana, introducing a customer referral scheme, a tiered reward system and an extensive rider training programme
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In Q1 2025, most startup shutdowns in Africa were Nigerian. These shutdowns highlight ongoing challenges in funding, operations, and sustainability across the continent’s growing tech ecosystem.
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TeKnowledge has launched its AI-First Expert Services in Nigeria, marking seven years of local impact and setting bold plans to expand across Africa, with Nigeria as its largest global tech hub.
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Backed by Google for Startups and angel investors from Tesla, Nigerian healthtech startup Plato Health has raised $1.4 million in pre-seed funding to scale its AI-driven platform and smart medical devices that help users monitor and manage chronic conditions from home.
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Using a blend of tech, finance, and human networks, Complete Farmer is helping farmers in Ghana and Togo to access an international market and has its sights set on an expansion to Côte d’Ivoire.
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Africa’s startup funding bounced back in April 2025, pulling in $343 million as South Africa and Egypt led the funding landscape.
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Despite a marginal YoY dip, African startups still attracted $460 million in Q1 2025. We analyse the drivers for startup funding, where the money is going, and what founders should know as the year unfolds.
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MoneyFellows raises $13m to digitise traditional savings groups and expand beyond Egypt, starting with Morocco later this year.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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From tracking public spending to monitoring elections, these Nigerian startups are using technology to make government more transparent, efficient, and responsive to citizens’ needs.