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

Adrian Kama

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

Skyroot Aerospace Launches India’s First Privately Developed Orbital Rocket

Indian space startup Skyroot Aerospace on Saturday launched the country’s first privately developed orbital rocket, a key test of national efforts to compete for a bigger share of the global commercial launch market.

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Hungarian President Tamas Sulyok Ends His Term as Head of State

Hungarian President Tamas Sulyok has signed a constitutional amendment passed by Prime Minister Peter Magyar’s ruling Tisza party that ends his term as head of state, Sulyok said in a statement on Saturday

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President Trump Considers $100K Bond Payment from Green Card Applicants

The Trump administration is considering requiring some people applying for US green cards abroad to pay a refundable bond of up to $100,000 to prove they can support themselves financially.

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Roblox to Allow Users to Design Games from their Mobile Devices

Roblox announced Thursday a new feature called “Build,” allowing users to design games from their mobile devices using AI. The Build feature lets anyone turn simple text prompts into a basic game

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South  African Startup Cue Closes $5 Million in Funding

South African startup Cue, a of customer service software, has raised US$5 million in funding to accelerate the development of its AI-powered customer service platform

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Former OpenAI Exec Ryan Beiermeister Joins Founders Fund

Former OpenAI exec Ryan Beiermeister has joined Founders Fund as a partner, she announced on Monday. Beiermeister is well-known in Silicon Valley for a number of reasons.

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Bitcoin Stages a Sharp Intraday Turnaround

Bitcoin staged a sharp intraday turnaround, climbing from under $63,000 to peak at $64,913 before stabilizing around $64,500. This 4.2% gain pushed the total crypto market capitalization past $2.3 trillion.

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OpenAI Researcher Miles Wang to Launch AI Drug Discovery Startup

Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery to launch a new startup focused on developing AI models for drug discovery

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General Fusion Becomes the First Publicly Listed Fusion Power Company

General Fusion began trading on the Nasdaq today under the ticker GFUZ, becoming the first publicly listed fusion power company, beating competitor and Trump-backed TAE Technologies

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Hermes Agent Maker Nous Research Finalizing a New Round of Funding

Nous Research, the startup behind the open-source Hermes agent, is finalizing a new round of funding led by Robot Ventures, with significant participation from USV and other prominent investors

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Video-Generation Startup PixVerse Valuation Crosses Over $2 Billion

PixVerse has closed its Series C extension, with a total of $439 million raised in the round. The company told TechCrunch that, with the new tranche of funding, its valuation has crossed over $2 billion.

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Lab-Grown Diamond Jewellery Brand Aukera Closes Funding Round

Lab-grown diamond jewellery brand Aukera has raised over $10 million in a funding round led by existing investor Alteria Capital. The round also saw participation from InnoVen Capital, Lighthouse Canton and a bank.

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