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

Life Healthcare is Hiring !

Working at Life Healthcare is more than just a job: it is a calling – a way to continuously develop your knowledge, skills and experience at one of South Africa’s leading healthcare companies

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AWIEF Opens Nominations for Its Annual AWIEF Awards

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has opened nominations for its annual AWIEF Awards, which celebrate the achievements and contributions of women founders and entrepreneurs across Africa.

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South African Startup HyperDev Secures Pre-Seed Funding

South African startup HyperDev has raised US$1 million in pre-seed funding from a network of venture capital investors from Europe and the UK, as the generative AI software development platform approaches 100,000 users.

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Space Rocket Company Blue Origin is Raising $10 Billion

Billionaire Jeff Bezos’ space rocket company Blue Origin is raising $10 billion at a $130 billion pre-money valuation from Coatue Asset Management

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Venus Aerospace to Build a New Kind of Rocket Engine

Build a new kind of rocket engine and the world will beat a path to your door. Or at least that’s how it’s worked out for Venus Aerospace and its Rotating Detonation Rocket Engine (RDRE)

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Vermilion Cliffs Ventures to Back Startups Building in AI Infrastructure, Security, and Dev Tools

Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II. The firm was founded in 2023 by operator-turned-investor Ashley Smith, who runs it as one of the few solo women GPs in venture capital.

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Prime Intellect to Help Enterprises Build Their Own AI Agents

Prime Intellect, a startup that provides computing power and specialized software tools that help companies build AI agents, has raised a $130 million Series A at a $1 billion valuation.

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Apply for the Milken-Motsepe Prize

The Milken-Motsepe Prize is aimed at companies in Africa revolutionising using different technologies to revolutionise the circular economy on the continent.

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Stellantis Opens Ordering for Its Small Fiat Topolino Electric Vehicle

Chrysler parent Stellantis on Tuesday said it has opened ordering for its small Fiat Topolino electric vehicle in the U.S., starting at $13,995.

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US Says “Iran Will Only Reap Benefits If They Exhibit Good Behavior”

Iran promised safe passage to commercial ships through Hormuz under the interim deal reached with the U.S. last month, but Tehran has insisted that vessels must use a northern route under its control

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US Revokes Iranian Oil Sanctions Waivers

The United States has revoked a sanctions waiver that authorized the sale of Iranian oil because of its repeated attacks on tankers in the Strait of Hormuz

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AI Law Startup Norm Hits Unicorn Valuation

AI law startup Norm on Tuesday said it has raised $120 million in a Series C funding round led by Khosla Ventures, valuing the almost three-year-old startup at $1.2 billion

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