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

PlayBlue Closes $2.7 Million Seed Funding Round

Omnichannel multi-brand sports retail platform PlayBlue has raised $2.7 million in a seed funding round co-led by Centre Court Capital and MIXI Global, with participation from WEH Ventures.

Read More  
Chinese Robot Maker Unitree Robotics Gets Approval for Shanghai IPO

Chinese robot maker Unitree Robotics has received regulatory approval for a Shanghai listing through which it plans to raise 4.2 billion yuan (US$619.4 million)

Read More  
European Central Bank’s Christine Lagarde Mulls a Foray Into French Politics

The European Central Bank’s Christine Lagarde has declined to rule out an early end to her term as president, as she mulls a foray into French politics.

Read More  
Egypt’s BrainsMingle Announces a $400,000 Strategic Seed Investment

Egypt’s BrainsMingle, an AI-driven, video-first professional network designed to prioritise authentic human connection, has raised US$400,000 in seed funding.

Read More  
Venture Capital Firm Catalyst Fund Secures $30 Million in a Second Close

Catalyst Fund operates as both an investor and a venture builder, pairing equity cheques with hands-on operational support delivered through BFA Global.

Read More  
United States Resumes Dollar Shipments to Iraq

The United States has resumed dollar shipments to Iraq, several months after it suspended them, Al Arabiya English has learned.

Read More  
Early-Stage Firm Magnify Ventures Raises $46.6 Million for Its Second Fund

Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.

Read More  
IPSS is Currently Accepting Applications

The Institute for Peace and Security Studies (IPSS) is currently accepting applications for multiple professional positions based in Addis Ababa, Ethiopia.

Read More  
Micromobility Company Lime Raises $167 Million in Its IPO

Micromobility company Lime has raised $167 million in its IPO, ending an almost decade-long run as a private company that saw wild valuation swings

Read More  
Tesla Begins Testing Cybercab Without Pedals or a Steering Wheel

Tesla has begun testing a production version of its Cybercab that has two seats, but no steering wheel or pedals, in Austin, Texas. For now, the testing is being done with a safety monitor

Read More  
Baba Ahmadou Danpullo to Launch a Private Airline and Build New Airports

The 76-year-old billionaire has announced plans to invest 500 billion FCFA, approximately $900 million, in the creation of Danpullo Air Line, a private carrier designed to connect all ten regions of Cameroon

Read More  
YoLearn.ai Raises Pre-Seed Funding Round

Voice-first AI tutoring platform YoLearn.ai has raised $500,000 in a pre-seed funding round at a valuation of $5 million, co-led by DataAlpha.ai and White Swan Global

Read More