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African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June, before a $50m injection anchored by the International Finance Corporation

“The U.S.A. has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT!” Trump wrote on his Truth Social platform. “Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.

Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%.

Online astrology and spiritual tech platform Astrotalk has turned unicorn at a valuation of $1 billion through an ESOP buyback for more than 100 employees, according to the company.

Analysts say South Africa, Morocco, Kenya, Ethiopia and Ghana are among the countries best positioned to attract Chinese EV investment because of their industrial capacity, supportive policies or growing electricity infrastructure.

As India’s quick-commerce platforms race to deliver everything from groceries to smartphones in minutes, electric mobility startup Yulu has seized the boom, raising $93 million in fresh funding.

The Interledger Foundation (ILF) has launched its Local Impact Mini-Grants programme, a new funding initiative designed to empower grassroots organisations and community leaders working to expand digital financial access and open payment innovation around the world.

The European Commission has announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.

Infinimmune has amassed further fuel to power its antibody discovery engine, netting a $75 million series A headlined by Regeneron’s venture arm.

The grants support rigorous, action-oriented research focused on school leadership and improving learning outcomes across Africa. Successful researchers will also work with policymakers, practitioners and school leaders to help turn research evidence into meaningful change.

Tanzania has fully opened its domestic government securities market to global investors, removing restrictions that had largely limited foreign participation to residents of the EAC and SADC and Tanzanians in the diaspora.