Africa's Markets, Startups & Money Moves — Updated Daily

European Central Bank’s Christine Lagarde Mulls a Foray Into French Politics

The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.

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Egypt’s BrainsMingle Announces a $400,000 Strategic Seed Investment

Egypt’s BrainsMingle, an AI-driven, video-first professional network designed to prioritise authentic human connection, has raised US$400,000 in seed funding.

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Venture Capital Firm Catalyst Fund Secures $30 Million in a Second Close

Catalyst Fund operates as both an investor and a venture builder, pairing equity cheques with hands-on operational support delivered through BFA Global.

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United States Resumes Dollar Shipments to Iraq

The United States has resumed dollar shipments to Iraq, several months after it suspended them, Al Arabiya English has learned.

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Early-Stage Firm Magnify Ventures Raises $46.6 Million for Its Second Fund

Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.

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IPSS is Currently Accepting Applications

The Institute for Peace and Security Studies (IPSS) is currently accepting applications for multiple professional positions based in Addis Ababa, Ethiopia.

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Micromobility Company Lime Raises $167 Million in Its IPO

Micromobility company Lime has raised $167 million in its IPO, ending an almost decade-long run as a private company that saw wild valuation swings

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Tesla Begins Testing Cybercab Without Pedals or a Steering Wheel

Tesla has begun testing a production version of its Cybercab that has two seats, but no steering wheel or pedals, in Austin, Texas. For now, the testing is being done with a safety monitor

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Baba Ahmadou Danpullo to Launch a Private Airline and Build New Airports

The 76-year-old billionaire has announced plans to invest 500 billion FCFA, approximately $900 million, in the creation of Danpullo Air Line, a private carrier designed to connect all ten regions of Cameroon

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YoLearn.ai Raises Pre-Seed Funding Round

Voice-first AI tutoring platform YoLearn.ai has raised $500,000 in a pre-seed funding round at a valuation of $5 million, co-led by DataAlpha.ai and White Swan Global

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8090 Labs Closes a $135 Million Funding Round

The company, 8090 Labs, closed a $135 million round led by Salesforce Ventures with participation from Jeffrey Katzenberg’s WndrCo; David Sacks’ Craft Ventures; fellow All-In hosts and “besties” David Friedberg

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LeBron James to Leave Los Angeles Lakers

NBA superstar LeBron James is leaving the Los Angeles Lakers and will continue his career with another team. The 41-year-old has spent the past eight seasons with the Lakers and helped them win the 2020 NBA title.

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