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

Adrian Kama

Adrian Kama reports on and provides informed context and analysis of key global issues.

Ellis AI Secures $10 Million Seed Funding

Ellis uses AI agents to tackle the fragmented workflow private credit managers deal with, including managing documents, spreadsheets, and correspondence.

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India's Revspot Raises $4.8 Million in Series A Round

Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The round also saw participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital.

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The Global Trainees 2026 Program is Officially Open

Our Global Trainees 2026 Program is a 2–3 year accelerated development journey designed for high-potential young professionals. From day one, participants will gain hands-on experience

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Thea Energy Secures $20 Million to Help Manufacture Its Modular High-Temperature Superconducting (HTS) Magnets

The fusion power startup Thea Energy told TechCrunch Monday that it has received a $20 million award from ARPA-E to help manufacture its modular high-temperature superconducting (HTS) magnets.

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Ferns N Petals (FNP) Planning to Go Public by the End of 2028

Ferns N Petals (FNP), an omni-channel gifting and floral retail company, is planning to go public by the end of 2028 as it looks to accelerate its expansion plans and pursue acquisitions, according to Reuters.

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Prince Al Waleed bin Talal Al Saud Purchases a 5% Stake in Lucid Motors

Prince Al Waleed bin Talal Al Saud, a member of the Saudi royal family, has purchased a 5% stake in Lucid Motors, increasing the Kingdom’s overall ownership of the electric vehicle company.

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Tech Giants Launch an AI Safety Initiative Focused on Open Models

Nvidia and a host of tech giants on Monday launched a new artificial intelligence safety initiative focused on open models, as the fallout from a cyberattack committed by rogue OpenAI models continues

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Enigma Wants to Study How Humans Engage With Robots

Enigma wants to study how humans engage with robots in hopes that these interactions will lead to intuitive interfaces and possibly a different kind of robotic brain.

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U.S. State Department Reminds Dual Nationals: You Must Enter and Exit the U.S. on Your U.S. Passport

U.S. citizens living abroad and dual nationals are being reminded that federal law requires them to enter and depart the United States on a valid U.S. passport — a rule that applies to all ages, including children.

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Elon Musk’s Tunneling Startup The Boring Company to Raise a $4 Billion Funding

Elon Musk’s tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a valuation of $20 billion, according to The Wall Street Journal.

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Healthtech Startup CARPL.ai Secures $10 Million Series A Funding Round

Healthtech startup CARPL.ai has raised $10 million in a Series A funding round led by the International Finance Corporation (IFC), with participation from existing investor Stellaris Venture Partners

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Indian Travel Tech Startup 30 Sundays Secures $6.7 Million Funding Round

Gurugram based travel tech startup 30 Sundays has raised $6.7 million in a funding round led by Bessemer Venture Partners, with participation from existing investors Info Edge Ventures and Eximius.

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