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. 

DoorDash Unveils New Business Called DoorDash Air

DoorDash is building a drone delivery business, including its own aircraft, as part of an effort developed by its robotics and autonomy team

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Smallest.ai to Build Ultra-Fast Voice AI That Sounds Genuinely Human

Smallest.ai, a startup founded in late 2024, is betting the next leap in voice agents will not come from making large language models faster, but from using smaller, specialized models built for human conversation.

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London-Based Inforcer Closes $50 Million Series C Round Led by Insight Partners

London-based Inforcer announced Thursday a $50 million Series C round led by Insight Partners — the latest sign of investor interest in a category of startup solving a very mundane problem

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Building Materials Quick Commerce Startup Fixxly Secures $5.5 Million in Seed Round

Bengaluru-based building materials quick commerce startup Fixxly has raised $5.5 million in a seed funding round from Accel, Fireside Ventures and Lightspeed India Partners.

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Recursive Superintelligence Announces a $410 Million Compute Deal with Amazon Web Services

On Tuesday, the AI company Recursive Superintelligence announced a $410 million compute deal with Amazon Web Services. The company, which emerged from stealth in May with $650 million in funding

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Meet International Air Transport Association (IATA) First Female Director General

The International Air Transport Association (IATA) has appointed Saadia Zahidi as its first female Director General, marking the first time a woman will lead the global airline industry’s largest trade body.

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Blackstone to Open Office in Kuwait

Blackstone, the world’s largest alternative asset manager, announced on Monday plans to open an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), further strengthening its presence in the GCC.

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Argentina’s Central Bank Authorizes Salary Payments in Dollars

Argentina is advancing to a multi-currency-friendly financial model, with the Central Bank opening the doors for employers to pay wages in U.S. dollars.

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The African Development Bank Approved a €100 Million Loan to Gotion Power Morocco

The African Development Bank has approved a €100 million loan to Gotion Power Morocco to develop an integrated lithium iron phosphate battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone

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US Senate Advance Legislation Aimed at Blocking Chinese-Linked Automakers from the U.S.

The US Senate Commerce Committee advanced bipartisan legislation Wednesday aimed at toughing a ban on Chinese automakers from the U.S. market,

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U.S. 10-Year Treasury Yield Edges Higher

U.S. Treasury yields inched higher on Wednesday as investors mapped escalating tensions across the Middle East and mulled prospects for Federal Reserve monetary policy in the months ahead.

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Cascade Raises $3.5 Million to Help Construction Firms Find and Win Projects

Cascade, a startup building a platform to help architecture, engineering, and construction firms find and win projects, has raised a $3.5 million seed round from Andreessen Horowitz Speedrun, Ada Ventures, and Snowball VC.

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