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

Tesla Revokes the “Interim” Pay Package It Gave Elon Musk

Tesla has revoked the “interim” pay package worth $29 billion that it gave its CEO Elon Musk last year, after the Delaware Supreme Court recently restored his larger $56 billion compensation award

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Secure Your Ticket to The First StrictlyVC of 2026

StrictlyVC’s first San Francisco event of the year is nearly here, and with just a week to go, now’s the time to grab yourself a ticket.

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Salmon Group Secures a $100 Million Financing Round

Salmon Group has raised a $100 million financing round. The funding will help fund the group’s quest to deliver contemporary, affordable digital banking services to Filipino consumers

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Oil Prices Rise As Iran Seizes Container Ships in the Strait of Hormuz

Oil prices rose Wednesday, as Iran claimed to have seized two ships in the Strait of Hormuz shortly after President Donald Trump extended the ceasefire.

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Vast Data Announces a $1 Billion Funding Round

Vast Data announced a $1 billion funding round at a $30 billion valuation on Wednesday, with Nvidia among those backing the AI company.

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U.S Government in Talks for a Financing Package for Spirit Airlines

The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation

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Apply for the Co-Creation × Innovation Program “QUEST” 2026

We welcome applications from individuals and organizations committed to pursuing innovative solutions to social challenges through co-creation with diverse partners.

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Deutsche Lufthansa AG Will Scrub Uneconomic Short-Haul Flights

Deutsche Lufthansa AG will scrub 20,000 uneconomic short-haul flights from its European summer schedule to save on jet fuel

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NeoCognition Emerges From Stealth With $40 Million in Seed Funding

NeoCognition, a startup Su describes as a research lab developing self-learning AI agents, has just emerged from stealth with $40 million in seed funding.

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Legal Tech Startup Lawyered Closes $2.5 Million Pre Series A Funding Round

Legal tech startup Lawyered has raised $2.5 million in a pre Series A funding round co led by Rainmatter by Zerodha and Turbostart

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Revolut Targets Valuation of Up to $200 Billion in Eventual IPO

British neobank Revolut seems to be eyeing a major valuation bump when it eventually goes public

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AI Platform NudgeBee Bags $3 Million Seed Funding Round

NudgeBee, an AI platform focused on cloud operations, has raised $3 million in a seed funding round led by Kalaari Capital, with participation from technology founders.

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