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Startups

Delta40, Backed by George Soros, Raises $20M to Fund African Startups

Delta40, an Africa-focused venture studio and fund, said on Tuesday it had raised $20 million to support early-stage startups across the continent, with backing from prominent investors including the Soros Economic Development Fund. The raise involved 54 investors from 13...

Startups

January Total Funding Hits $174M as Investors Favor Mature Startups in Africa, Report states

The African tech ecosystem faced a notably quiet opening to 2026, recording its lowest monthly deal volume in over six years. According to the latest report from Africa: The Big Deal, only 26 startups across the continent announced funding rounds...

Startups

Katapult Africa Opens 2026 Accelerator Applications with Up to $500,000 for African Startups

Impact-focused investor Katapult Africa has opened applications for its 2026 accelerator programme, offering $150,000 to $500,000 in direct investment to African startups developing solutions for agriculture, food systems and climate resilience. The 90-day accelerator targets early-growth and scaling companies using...

Startups

Applications Open for AI-first cohort of Google for Startups Accelerator Africa

Google has officially opened applications for the 10th edition of its Google for Startups Accelerator Africa, marking a significant milestone for a programme that has become a cornerstone of the continent's tech ecosystem. In a strategic shift reflecting current global...

Obituaries

PwC Takes Control as Kenyan Startup Koko Networks Enters Administration

Kenya's clean-energy sector has been dealt a significant blow after Koko Networks, the high-profile bioethanol startup, collapsed into administration following a failed bid to secure government approval for carbon credit sales. On 1 February, directors of Koko Networks Limited and...

Obituaries

The Carbon Credit Gamble That Brought Down KOKO Networks, Kenya’s Clean-Cooking Startup

KOKO Networks, Kenya’s leading clean-cooking startup, has shut down operations, leaving millions of urban households without access to its ethanol fuel and smart cookers, the company said on Monday. The closure comes after a dispute with the Kenyan government over...

Business

Africa GoGreen Fund Raises $33m to Invest in Climate Startups Across Africa

The Africa GoGreen Fund (AGG), managed by Cygnum Capital, has raised €30 million ($33 million) from Germany’s development finance institution DEG to expand financing for climate-focused businesses across Africa, the fund said on Friday. The funding will be used to...

Startups

UK–Kenya Tech Hub, Viktoria Ventures Launch Startup 360 Connect to Train Angel Investors

The UK–Kenya Tech Hub has partnered with Viktoria Ventures, Anza Village and advisory firm POV to launch Startup 360 Connect, a new programme aimed at strengthening Kenya’s early-stage investment ecosystem by training angel investors and expanding access to startup...

Startups

Nigerian Defence Tech Startup Terra Industries Raises $11.75 Million Funding

Nigerian defence technology startup Terra Industries has raised $11.75 million in a funding round led by U.S. venture capital firm 8VC, as it seeks to expand manufacturing and deploy autonomous security systems across Africa, the company announced. The round included...

MENA Edition

Egyptian Edtech Startup Business For Teens Raises Six-Figure Pre-Seed Round

Business For Teens, an Egypt-based education startup focused on entrepreneurship and financial literacy for teenagers, has raised a six-figure pre-seed funding round to support its expansion across Egypt and the Gulf region. The round was led by training and sales...

Startups

Qualcomm Names Kenya’s Farmer Lifeline as 2025 Social Impact Winner in Africa Startup Program

Qualcomm Technologies Inc. said it has completed the third edition of its Make in Africa startup mentorship program, naming Kenyan agritech firm Farmer Lifeline as the winner of its 2025 Wireless Reach Social Impact Fund. The equity-free initiative supported 10...

Startups

500 Global to Support Morocco’s Startup VB Initiative Under Digital Morocco 2030

500 Global, one of the world’s most active venture capital firms, has been selected to support the Ministry-led Startup VB initiative, a flagship program under Morocco’s Digital Morocco 2030 strategy. The partnership marks a major milestone in 500 Global’s expansion...

Guides

Emerging Markets Mobile Boom: How App-Centric Startups Are Growing in 2025–2026

Mobile usage has changed the way people behave online all over the world in the last decade. However, in 2025–2026, emerging markets are going through a shift of their own that is faster, more dynamic, and more impactful than...

Startups

Chui Ventures Raises $17.3 Million to Invest in African Tech Startups

Chui Ventures, a Pan-African seed-stage venture capital fund has raised $17.3 million to back local African founders building mass-market, tech-enabled solutions across Sub-Saharan Africa. The fund, which surpassed its original target of $10 million, was raised from Family offices, and...

Startups

IFC Invests $6M into First Circle Capital to Fuel Growth of Fintech Startups in Africa

IFC has invested $6 million into First Circle Capital, an early-stage venture fund based in Africa, to invest into high-potential fintech startups across Africa. IFC invested $6 million including $2 million from the Women Entrepreneurs Finance Initiative (We-Fi) into the...

Startups

Meta Llama Impact Accelerator Injects $200,000 into 12 African AI Startups

Meta Llama Impact Accelerator 2025 has backed 12 AI startups from across Africa after rigorous training and mentorship that culminated into a Demo Day in Nigeria, Senegal, Kenya, and South Africa. The firm backed three startups from each country with...

Business

Feyisayo Eweje: The Nigerian-American Scientist Whose Startup Is Engineering the Future of Gene Therapy

Feyisayo (Sayo) Eweje, a Nigerian-American scientist and co-founder of Procure Bio, is not the kind of scientist who accepts limitations. Whether he is clicking through a Rubik’s Cube or wrestling with one of medicine’s most stubborn questions such as...

Startups

Madica Invests $400k into AI-powered African Startups Anavid and Hypeo AI

Madica, a structured investment program for pre-seed African startups, has invested $400,000 into two AI-powered companies Anavid and Hypeo AI. Anavid is a Tunisian startup co-founded by Ahmed Chaari and David Nilsson. The AI-powered solution that seamlessly integrates with existing...

Startups

IFC to Invest $6 Million Into Catalyst Fund for Africa’s Climate-Tech Startups

The International Finance Corporation (IFC) has proposed an equity investment of up to $6 million in the Catalyst Fund, a venture capital vehicle seeking to raise $40 million to back early-stage climate technology startups across Africa. The fund, managed by...

Startups

Botswana Hosts MIT Kuo Sharper Center Demo Day For 31 Startups

The MIT Kuo Sharper Center, in partnership with the Government of Botswana, held the first-ever Demo Day of its Early-Stage Program, which attracted more than 1,300 applications. Supported by the Government of Botswana and the Botswana Digital & Innovation Hub,...

Startups

Lisk Launches $15M Venture Fund for Web3 Startups

Lisk, the growth platform designed for Web3 founders in high-growth markets, has launched the Lisk EMpower Fund, a $15 million venture initiative aimed at backing Web3 startups solving real-world problems in Africa, Latin America, and Southeast Asia. The Lisk EMpower...

Startups

Safaricom Spark Accelerator Unveils 10 Startups for its Second Cohort

Safaricom has selected 10 startups as finalists for the second cohort of the Spark Accelerator Program, chosen from a competitive pool of more than 200 applicants. The telco says the selected startups – Mediakits.Io, WePlay Arcade, GoPay, FlexPay, QuePay, Leta.AI, Oye,...

Startups

KawiSafi Secures $90 Million to Invest in Climate Tech Startups Across Africa

KawiSafi, the energy transition, clean transportation, and nature-based carbon solutions investor across Africa, has secured $90 million for its second fund to invest in climate solutions across Africa. Managed by Acumen, the global impact investor building markets to solve poverty, KawiSafi...

Startups

Accion Raises $61.6M | Launches Accion Ventures for Fintech Startups

Accion has announced the final close of a $61.6 million fund for its Accion Venture Lab Fund II and rebranded from Accion Venture Lab to Accion Ventures to invest in early-stage tech startups across Africa, South and Southeast Asia,...

Startups

S.A Edtech Startup The Invigilator Raises $11 Million to Scale its AI Platform

South African education technology company The Invigilator, which provides secure remote exam solutions, has raised $11 million (approximately R195 million) to fuel its international expansion and enhance its AI-driven capabilities. The funding round was led by Kaltroco, a privately held,...

Climate Change

BFA Global, FSD Africa, ClimateWorks & FCDO Nigeria to Inject $1.1 Million into 12 Climate Startups

BFA Global, FSD Africa, ClimateWorks Foundation, and the UK's Foreign, Commonwealth & Development Office (FCDO) Nigeria are committing $1.1 million into 12 startups developing solutions to protect communities from chronic heat waves. Dubbed TECA Heat Action Wave (THAW), the new...

Startups

Naspers & Prosus Launch $100,000 Tech FoundHER Africa Challenge for Women-Led Startups

Naspers and Prosus have launched the Tech FoundHER Africa Challenge, inviting applications from women-led tech and tech-enabled startups across the continent. Originally piloted in India earlier this year, the programme has now launched in Africa as part of the company’s...

Startups

Creem, a Financial OS for AI Startups Co Founded by South African Tech Veteran, Raises €1.8M

Creem, an Estonian fintech startup, co founded by South African entrepreneur Alec Erasmus, has raised €1.8 million in pre seed funding to build a programmable financial operating system for the next generation of AI native companies. The round was led...

Startups

African Angel Academy to Bridge Africa’s $194B Startup Funding Gap

The African Angel Academy (AAA), an angel investor training organization, has launched its 12th cohort amid growing recognition that angel investing represents a critical solution to Africa's massive startup funding gap. Since its inception, the organization has trained more than...

Startups

FrontEnd Ventures Lands First Deal to its $8.5M Startup Fund

FrontEnd Ventures, a Nairobi-based early-stage venture capital fund, has secured the inaugural investment from Small Foundation’s GP Working Capital Facility, marking a significant milestone for both organizations as they work to strengthen Africa’s early-stage investment ecosystem. The funding provides critical...

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