News

Dutch development bank FMO has committed $30m in senior debt to M-KOPA Kenya Mobility, the electric motorbike financing unit of African fintech group M-KOPA

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

Egyptian e-health startup Reme-D has raised US$1.45 million in pre-Series A funding to expand its manufacturing capacity, regional footprint, and diagnostic product portfolio.

Applications open for the latest cohort of the Harambeans, African innovators who pledge “to work together as one” to unlock the potential of Africa.

Egyptian startup Stakpak, the developer of one of the first open-source autonomous DevOps agents, has been acquired by Vercel, a US-based cloud platform valued at US$9.3 billion.

“The Entrepreneur’s Lighthouse builds your foundation. The AI Advantage gives you your market moves. Together, they are the complete library for the African entrepreneur.”

It was a week of divergence. Oil surged past $100, AI spending fears rattled Big Tech, crypto held surprisingly firm, and defense tech became the hottest trade in venture.

Africa's business landscape this week was dominated by big fintech moves, new funding models for infrastructure, and strong signals from government budgets.

The Botswana Tech Fund (BTF) has reached a US$6.7 million first close of its targeted US$64 million fund to invest in technology companies supporting digital growth across Southern Africa.

Ghanaian startups Built, GrowForMe, and SAYeTECH have raised a combined US$500,000 in funding from the Africa Ecosystem Catalysts Facility, a US$4 million pilot investment facility

Busha Business, the B2B infrastructure arm of Busha, has collaborated with Tether, the largest company in the digital asset industry and the issuer of USD₮, to expand access to licensed stablecoin infrastructure for African businesses.

The Wall Street Africa Group presents Bullish Africa, a high-level forum designed to bridge the gap between global capital allocators and African business leaders.