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

President Trump Suggests Renaming the Strait of Hormuz as “Trump Strait”

US President Donald Trump on Wednesday suggested renaming the Strait of Hormuz as “Trump Strait” despite the fact that the crucial waterway remains contested amid the war with Iran.

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X Creator Payouts Now Paid Through X Money in U.S

Elon Musk’s social network X on Wednesday said that starting today, all of its U.S. creator payouts will be handled through X Money, the app’s payments service.

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Adobe Acquires India-Based Marketing Intelligence Startup Rilo

Adobe has acquired India-based marketing intelligence startup Rilo in a deal involving licensing and team acquisition

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U.S. Embassy in Abuja Will Continue to Process Diplomatic and Official Visas

The U.S. Embassy in Abuja will continue to process diplomatic and official visas for eligible applicants, including A, G and C visa categories.

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Central Bank of Nigeria to Sell T-Bills September 3 2026

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-day and 364-day Treasury Bills tenors at its first Nigerian Treasury Bills (NTB) auction for September 2026.

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DIV Fund Programme is Open to Innovation Across Multiple Sectors

The DIV Fund programme is open to innovations across multiple sectors, including health, agriculture, education, climate, and livelihoods. This flexibility allows a wide range of solutions addressing social and economic challenges to qualify.

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Deep-Tech Aerospace Startup Alteon Bags $2.5 Million Pre-Seed Funding Round

Deep-tech aerospace startup Alteon has raised $2.5 million in a pre-seed funding round led by Lachy Groom, with participation from Together Fund.

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upGrad Acquires Unacademy

Unacademy, once one of India’s most valuable edtech startups, has been acquired by rival upGrad at a valuation of just over $200 million, about 94% less than its 2021 peak valuation.

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Duane “Keffe D” Davis Found Guilty of the Murder of  Tupac Shakur

Former South Side Compton Crips leader, Duane “Keffe D” Davis, has been found guilty of the murder of legendary rapper Tupac Shakur, nearly three decades after the hip-hop icon was killed in a drive-by shooting in Las Vegas.

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UK Government Launches the First Procurement Competitions

UK Government today launches the first procurement competitions under its £100 million Sovereign AI R&D Procurement Scheme.

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Lionel Messi Retires from International Football

Lionel Messi retired from international football on Monday, ending a career with Argentina that ran more than two decades and produced 124 goals in 203 games.

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Emzor Pharmaceutical Industries Raises a $19.8 Million Bond

Stella Okoli's Emzor Pharmaceutical Industries has raised a N26.7 billion ($19.8 million) bond at a 19 percent coupon to complete an antimalarial active pharmaceutical ingredient plant that has now missed two announced start dates.

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