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

SolarSquare Raises $53 Million in Its Series C Funding Round

Solar rooftop startup SolarSquare recently raised $53 million in its Series C funding round led by B Capital, with participation from existing investors including Lightspeed, Lowercarbon, Rainmatter.

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OPEC+ Agrees to a Further Increase in Output Targets

OPEC+ has agreed to a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling

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Egypt Uncovers Lost Byzantine-Era City

A well-preserved Byzantine-era residential city in the western desert is one of two major archaeological finds announced by Egypt on Saturday.

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Israel Names Its First-Ever Resident Ambassador to Slovenia

Israel said on Sunday it has named its first-ever resident ambassador to Slovenia, signaling a diplomatic reset after Ljubljana’s change of government.

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CAF Invites Its Member Associations to Submit Bids to Host the AFCON 2028, 2032 and 2036

The Confédération Africaine de Football (“CAF”) has invited its Member Associations (“MAs”) that represents 54 African countries, to submit bids to host the CAF AFRICA CUP OF NATIONS

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PlayBlue Closes $2.7 Million Seed Funding Round

Omnichannel multi-brand sports retail platform PlayBlue has raised $2.7 million in a seed funding round co-led by Centre Court Capital and MIXI Global, with participation from WEH Ventures.

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Chinese Robot Maker Unitree Robotics Gets Approval for Shanghai IPO

Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan (US$619.4 million)

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European Central Bank’s Christine Lagarde Mulls a Foray Into French Politics

The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.

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Egypt’s BrainsMingle Announces a $400,000 Strategic Seed Investment

Egypt’s BrainsMingle, an AI-driven, video-first professional network designed to prioritise authentic human connection, has raised US$400,000 in seed funding.

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Venture Capital Firm Catalyst Fund Secures $30 Million in a Second Close

Catalyst Fund operates as both an investor and a venture builder, pairing equity cheques with hands-on operational support delivered through BFA Global.

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United States Resumes Dollar Shipments to Iraq

The United States has resumed dollar shipments to Iraq, several months after it suspended them, Al Arabiya English has learned.

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Early-Stage Firm Magnify Ventures Raises $46.6 Million for Its Second Fund

Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.

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