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

The Startup Catalytic Fund

Moroccan startups have the opportunity to access a share of US$37 million in funding after a government-backed funding mechanism reached a key stage. The Startup Catalytic Fund – launched by the Ministry of Digital Transition and Administration

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Africa-Focused Pre-Seed Investment Programme Madica Announces Five New Investments

Madica, a structured investment programme for pre-seed African startups, has announced five new investments, expanding its portfolio into Algeria and Cameroon for the first time, while strengthening its presence across Africa.

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Australia to Tighten Immigration Rules for International Students

Australia is preparing to tighten immigration rules for international students, with the federal government considering restrictions.

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Firi Closes $3 Million Funding Round Led by 360 ONE Asset

Beauty and personal care quick commerce startup Firi has raised $3 million in a funding round led by 360 ONE Asset. ​The round also saw participation from Better Capital, CRED founder Kunal Shah and other angel investors

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Fashion Discovery Platform Slayd Bags Pre-Seed Funding Round

Gurugram-based fashion discovery platform Slayd has raised Rs 1.5 crore in a pre-seed funding round led by ajvc, an early-stage fund founded by Aviral Bhatnagar.

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VerifAIX Raises $5 Million in a Seed Funding Round

AI-native semiconductor verification startup VerifAIX has raised $5 million in a seed funding round co-led by Endiya Partners and Bluehill VC.

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SK Hynix in Talks With Intel to Make RAM Chips in US

South Korean memory chip giant SK Hynix is in discussions with Intel to manufacture RAM chips in the U.S. for the first time, Reuters reported, citing anonymous sources.

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Autonomous vehicle Company May Mobility is Going Public

Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company.

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NIHTAEL: Building the Business Infrastructure Behind African Creative Talent

Based in Lomé, Togo, NIHTAEL is part of this emerging generation of cultural entrepreneurs. His professional work sits at the intersection of creative-business development, media strategy, artist development, digital positioning and cultural entrepreneurship.

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If We Get Leadership Right, We Can Get Nigeria Right

Across the world, Nigerians are making remarkable contributions in medicine, technology, engineering, law, education, business, and many other fields. Our diaspora should never be seen as people who have simply left Nigeria.

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President Xi Jinping Says China Will Take Lead to Foster AI, Tech Cooperation Among BRICS Countries

China will take the lead to help foster artificial-intelligence collaboration and development among developing countries, President Xi Jinping said at the BRICS bloc summit in New Delhi.

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Celebrating the Life and Enduring Legacy of Tupac Amaru Shakur — 30 Years Later

"Did you hear about the rose that grew from a crack in the concrete? Proving nature's law is wrong it learned to walk without having feet." Thirty years later, the rose is still growing.

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