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

Groq Secures $350 Million as It Shifts From AI Chips to Neocloud Infrastructure

Startup Groq has raised $350 million as it continues to pivot from an AI chipmaker to a neocloud company that provides powerful GPUs and AI infrastructure services.

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Hardware Wallet Owners at Risk: Why Physical Crypto Wallets Are Becoming Prime Targets for Theft

Data breaches at two shipping companies has put cryptocurrency owners with physical hardware wallets at greater risk of having their funds stolen, highlighting weaknesses in the broader tech ecosystem relied on by the crypto industry.

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African Defense Tech Company Terra Industries Secures Additional $18 Million in Funding

African defense tech company Terra Industries on Monday announced an additional $18 million in funding, bringing its seed round to $52 million. Investors in the round include Joe Lonsdale’s 8VC, Silent Ventures, and Nova Global.

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Sonic Fire Tech is Testing a Sound-Powered Fire Protection System

Sonic Fire Tech is testing a sound-powered fire protection system, which it says snuffs out fires within seconds while also sparing properties from messy water and chemical damage.

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Initiative for School Excellence and Education Foundation

Education advocate and Chief Executive Officer of Educare, Alex Onyia, has announced the formal registration of ISEE as the Initiative for School Excellence and Education Foundation.

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Applications are Now Open for Wema Bank Hackaholics 2026

Hackaholics is Wema Bank's flagship innovation programme designed to empower Africa's brightest innovators to build solutions that solve real-world challenges and create lasting impact.

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Ferrari's First EV Just Made History: $40 Million Luce Becomes Most Expensive New Car Ever Sold at Auction

A model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction.

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Cameroon Are WAFCON Champions for the First Time!

Cameroon claimed a first Women's Africa Cup of Nations title when they thumped surprise package Malawi 3-0 in the final on Sunday, ending decades of heartbreak and writing their name into the history books

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CFA Institute Access Scholarship for May 2027

If you are passionate about investment and building a career in finance, this could be an opportunity to take a major step toward the CFA charter.

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The Company Lab Launches CO.LAB Q for Quantum Startups

The Company Lab (CO.LAB) today announced CO.LAB Q, a 12-month quantum commercialization studio designed to help promising startups and research teams turn advanced technologies

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Ripple Unveils Expanded Program for Swell 2026 in New York

Ripple confirmed an expanded conference program for its Swell 2026 in New York, with more than 1,500 attendees, over 75 speakers, and 50-plus sessions expected across three stages from Oct. 27-29

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929,465 BTC Left to Mine

The current 929,465 BTC left to mine are not the same as the coins available to buy. Some already mined Bitcoin is likely gone forever because private keys were lost, devices failed or owners made irreversible mistakes.

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