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

Becky Byran

Becky Byran a writer covering the latest in business, lifestyle, cryptocurrency, artificial intelligence, venture capital, and the startup ecosystem. 

Sonic Fire Tech is Testing a Sound-Powered Fire Protection System

Sonic Fire Tech is testing a sound-powered fire protection system, which it says snuffs out fires within seconds while also sparing properties from messy water and chemical damage.

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Ferrari's First EV Just Made History: $40 Million Luce Becomes Most Expensive New Car Ever Sold at Auction

A model of Ferrari’s first-ever fully electric car, the Luce, has sold for $40 million, breaking the record for the most expensive new car ever sold at auction.

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The Company Lab Launches CO.LAB Q for Quantum Startups

The Company Lab (CO.LAB) today announced CO.LAB Q, a 12-month quantum commercialization studio designed to help promising startups and research teams turn advanced technologies

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Venture Capital Firm Accel Raises a $550 Million Early-Stage Fund

US-based venture capital firm Accel has raised a $550 million early-stage fund for India as part of a $3.5 billion fundraise across four new funds globally.

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Battery Startup Form Energy Closes $750 Million to Expand Its Manufacturing Capacity

Battery startup Form Energy said on Wednesday that it has raised $750 million to expand its manufacturing capacity in West Virginia, the latest sign that the AI data center building boom is fueling investment in energy storage.

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Norway’s Sovereign Wealth Fund Reports a Record Half-Year Profit of More than $184 Billion

Norway’s $2.3 trillion sovereign wealth fund reported a record half-year profit of more than $184 billion on Wednesday, as a rally in Asian technology stocks helped the fund return 9.4%.

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Electric Mobility Startup Yulu Bags $93 Million in Fresh Funding

As India’s quick-commerce platforms race to deliver everything from groceries to smartphones in minutes, electric mobility startup Yulu has seized the boom, raising $93 million in fresh funding.

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What Does Hosting a Disrupt Side Event Mean?

TechCrunch Disrupt 2026 takes place at Moscone West in San Francisco from October 13–15, but some of the best conversations aren’t exclusive to the stage or held within workshops or the halls.

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Iran Set Preconditions for a Reopening of the Strait of Hormuz

Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

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NextSlide is Joining OpenAI

NextSlide recently announced that it’s joining OpenAI, with the presentation startup’s team members now working on ChatGPT.

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Egyptian e-Commerce Operations Platform Fincart Secures $2.8 Million Seed Round of Funding

Egyptian e-commerce operations platform Fincart has raised an oversubscribed US$2.8 million seed round of funding to further develop its AI platform, expand its team, strengthen strategic partnerships, and accelerate its expansion across the MENA and African markets.

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