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

Africa Energy Entrepreneurship Award

UK-based clean energy firm Octopus Energy has opened applications for the second edition of its Africa Energy Entrepreneurship Award, which offers grant funding, mentorship and support to early-stage startups expanding clean power access across the continent.

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Endeavor Catalyst Closes Its Oversubscribed Fund V at $320 Million

Endeavor Catalyst, the venture capital arm of global entrepreneur network Endeavor, has closed its oversubscribed Fund V at US$320 million, taking its total assets under management past US$850 million.

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Cascador and Sterling Bank Announce $200 Million SME Credit Backstop Fund

Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund, an independent platform designed to expand access to growth capital for debt-ready Nigerian SMEs.

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Verdant Capital Opens New Office in Nairobi, Kenya to Expand East Africa Presence

Verdant Capital (www.Verdant-Cap.com) is pleased to announce the opening of its new office in Nairobi, Kenya, marking an important step in the continued expansion of the firm’s presence and capabilities across East Africa.

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Emmanuel Senya, The African Solo Founder Lowering the AI Barrier for SMEs

Emmanuel Senya is a Ghanaian technology entrepreneur and the founder of Hipliz Technologies, the company behind Hipliz AI. He began exploring technology in 2020, while in SHS.

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Formula 1 Will Return to Africa — Rwanda Secures Historic 10-Year Deal for African Grand Prix

Formula 1 is officially returning to Africa. In a landmark announcement today, F1 confirmed a 10-year agreement for Rwanda to host the African Grand Prix from the early 2030s, marking the sport's first race on the continent since 1993.

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Fire Pump Room: Specifications, Components, and Key Installation and Maintenance Requirements

A fire pump room refers to the space designated for the installation and operation of fire suppression pumps and related equipment, such as control panels, valves, and suction and discharge lines.

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Peter Obi: Nigerians Must Not Be Abandoned to Disaster Risks

We must acknowledge that millions of Nigerians confront not only natural hazards but also avoidable crises resulting from governance failures.

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The Empty Truck Problem: Why South Africa Needs to Make Every Kilometre Count

“An empty return journey is one of the biggest inefficiencies a transporter can face,” says Chante Venter, CEO of Wise Move South Africa. “The vehicle still has to get home or move on to its next job, and those kilometres still cost money.”

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Rethinking Payroll Security Through Better Data Management

Worried about payroll security? Creating a single data source is your answer Cloud-native platforms make it easier to manage payroll data, stop fraud, and deter cybercrime

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Will Kenya Finally Deliver Equality for Women?

Kenya’s record on women’s rights is currently under scrutiny as the CEDAW Committee reviews the country’s implementation of the Convention during the Committee’s 93rd session at the United Nations in Geneva

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Kholo Capital Provides R275 Million (US$17 Million) Mezzanine Debt Funding to DCC Holdings

Kholo Capital Mezzanine Debt Fund I (“Kholo Capital”) today announced the provision of R275 million (US$17 million) in mezzanine debt funding to DCC Holdings Proprietary Limited (“DCC”), a leading South African information and communications technology (“ICT”) distributor

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