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

CAF Launches an Invitation to Tender for the Media Rights of the AFCON Kenya, Tanzania and Uganda (“PAMOJA”) 2027

The Confédération Africaine de Football (“CAF”) has launched an Invitation to Tender (“ITT”) for the media rights of the TotalEnergies CAF Africa Cup of Nations (“AFCON”) Kenya, Tanzania and Uganda (“PAMOJA”) 2027

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AgDevCo Ventures Secures $49 Million First Close to Back Early-Stage Agribusinesses

AgDevCo Ventures, a new early-stage investment vehicle within the AgDevCo group, has reached a first close at $49m. The fund will invest between $1m and $3m in farming and agri-processing SMEs across East Africa

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A Stronger Seed Market Builds Economic Capacity

Seed-stage investment is far more than a cheque in a founder’s journey. It is where businesses begin developing the commercial discipline, governance and resilience needed to scale.

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Egypt’s Exits MENA Acquires Avanz Capital Egypt (ACE)

Egypt’s Exits MENA, the region’s first investment platform and advisory firm focusing on startups and SMEs, has announced the signing of a multi-seven-figure transaction to acquire Avanz Capital Egypt (ACE)

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Alternative Asset Manager Westbrooke Invests R750 Million+ in South African Businesses

More than R750 million has recently been invested by leading South African alternative asset manager, Westbrooke, into founder-led and family-owned South African businesses

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Tesla Recalls 3 Million Cars in China

Tesla is recalling just shy of 3 million vehicles in China as part of a nationwide effort to alert vehicle owners to hidden emergency door releases, which can trap occupants in the event of a crash or a fire.

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Driving Digital Transformation of the Economy in Malawi

Greater digital inclusion could improve access to education, financial services and government services while supporting the country’s broader economic development objectives.

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Indian Appliances Maker Atomberg Technologies Files for an Initial Public Offering

Indian appliances maker Atomberg Technologies has filed for an initial public offering comprising a ‌fresh issue of shares worth up to 4.5 billion ‌rupees ($47.02 million) and an offer for sale of up to 76.5 million shares

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Seplat Energy Market Capitalisation Climb to $5.24 Billion

Seplat Energy Plc, Nigeria’s leading indigenous energy company, has seen its market capitalisation climb to $5.24 billion, as the equity stake held by Heirs Holdings crosses the $1 billion mark.

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U.S. Deports 20 to Liberia

The deportees arrived at the Roberts International Airport outside Monrovia. The Liberia-US agreement is among the largest third-country deportations driven by the Trump administration’s crackdown on immigration.

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U.S. Threatens Toughest-Ever Sanctions on Iran

The United States will impose “the toughest sanctions in history” on Iran, US Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington.

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Sneaker Brand Zaydn Raises Seed Funding Round

Sneaker brand Zaydn has raised $681K in a seed funding round led by Inflection Point Ventures (IPV), with participation from BeyondSeed and other angel investors.

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