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

Canada to Increase Proof of Funds for International Students from September 1, 2026

Canada will increase the amount of money international students must show for living expenses when applying for a study permit from September 1, 2026.

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Nigerian Agri-Tech Startup UfarmX Facilitates Over $6.8 Million in Agricultural Commerce

Nigerian agri-tech startup UfarmX, which leverages blockchain technology to empower rural, unbanked and underserved smallholder farmers, has facilitated over US$6.8 million in agricultural commerce across Nigeria, Senegal, and Liberia

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Shell LiveWire Enterprise Development Programme

Shell Downstream South Africa (SDSA) today announced that applications are open for the 2026 intake of the Shell LiveWire Enterprise Development Programme

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US Treasury Sanctions UAE Branch of Egyptian Bank Over Iran Ties

The US Treasury Department on Friday moved to sanction the United Arab Emirates branch of an Egyptian bank over its financial ties to Iran.

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Opay is Evaluating a Potential Listing on the Nigerian Exchange (NGX)

OPay, the digital payments group processing hundreds of billions of dollars annually, is evaluating a potential listing on the Nigerian Exchange (NGX),

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Swedfund Invests $20 Million in AfricaGoGreen Fund to Accelerate Climate Action in Africa

Swedfund, Sweden’s development finance institution (DFI), is providing a $20 million loan to the AfricaGoGreen Fund, a move aimed at increasing debt financing for businesses focused on reducing emissions and improving energy efficienc

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Venture Platform Completes the Final Close of Its Second Pan-African Fund at $84 Million

Ventures Platform, one of West Africa’s most active early-stage venture capital firms, has completed the final close of its second pan-African fund at $84m, surpassing its initial target of $75m

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President Donald Trump Announces the Creation of a “Space Academy”

President Donald Trump on Friday announced the creation of a “Space Academy” to train future civilian and military recruits for an arena where the United States faces rivalry with China.

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Andreessen Horowitz Launches a New “Machine Age” Fund With $1.1 billion Raised

Andreessen Horowitz has launched a new “Machine Age” fund with $1.1 billion raised. The firm’s aim with the new fund is to “open the throttle and accelerate the physical buildout of AI.”

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AI Startup Instinct Closes $250 Million in a Series B Funding Round

Instinct, a startup founded only last year and helmed by a 23-year-old, has managed to ride the wave of AI enthusiasm toward a gargantuan valuation over the course of the summer

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Logistics Platform TrucksUp Raises $8.2 Million in a Funding Round

Logistics platform TrucksUp has raised $8.2 million in a funding round at a post-money valuation of $42.3 million from institutional investors and family offices

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Agentic AI Startup Runable Nets $21 Million in a Series A Funding Round

Agentic AI startup Runable has raised $21 million in a Series A funding round co-led by Susquehanna Venture Capital and Nexus Venture Partners, with participation from existing investors Together Fund and Array VC.

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