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

Michelle Njuguna

Michelle Njuguna is a writer for AfriWallStreet. Based in Kenya, she specializes in covering the politics, lifestyle, economy and how it affects people, businesses and communities.

Nigerian Fintech Startup CreditChek Acquires Uganda's Algosys

Nigerian fintech startup CreditChek has acquired Ugandan core banking software provider Algosys as it begins its expansion into East Africa.

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South African Female-Led VC Fund Grindstone Ventures Launches a New Fund

South African female-led VC fund Grindstone Ventures has launched a new ZAR500 million (US$31 million) fund to invest in high-growth, tech-enabled businesses from seed through Series A

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Apply for Shine 2027

Apply for Shine 2027, which offers participants EUR50,000 (US$58,000) in grant funding, hands-on expertise, and a place in a global climate innovation network.

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Niteon Wins UN Sustainable Enterprise Accelerator Fund

Niteon confirmed it has been selected for a $400k in funding from the UNSEAF a result that founder and CEO Tony Nwose says validates a thesis he’s been building toward for years: that Africa’s trade infrastructure doesn’t need to be imported

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African Startups Invited to Apply for the Next Wave Fund

African startups are invited to apply for the Next Wave Fund, which supports early-stage tech startups and small businesses building bold new ideas across hardware, software, gaming, and connected technology.

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Algeria Breaks Diplomatic Relations With UAE - What We Know

Algeria on Thursday severed diplomatic relations with the United Arab Emirates after what it described as the “exhaustion of all means to preserve bilateral ties,” Algerian state media said.

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Kenyan Electric Mobility Company Arc Ride Secures Funding to Expand Its Battery-Swapping Network

Kenyan electric mobility company Arc Ride has raised $33.3m in a funding round led by Novastar Ventures and Norrsken22, capital it will use to expand its battery-swapping network across sub-Saharan Africa and enter the South African market.

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Ugandan Startup SANDI AI Wins GoGettaz Agripreneur Prize 2026

Ugandan artificial intelligence (AI) startup SANDI AI Technologies has emerged Grand Prize winner of the GoGettaz Agripreneur Prize 2026, receiving US$50,000 in growth funding for its innovative approach to improving access to finance for farmers across Africa.

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The Africa PachiPanda Challenge

Applications are open for the Africa PachiPanda Challenge, a joint effort by MTN and WWF to inspire and support innovative solutions addressing pressing environmental challenges across the continent.


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Egypt’s 3C Coding School Closes a $3 Million Seed Funding Round

Egypt’s 3C Coding School, a platform specialising in coding, technology, and artificial intelligence education for children and youth, has closed a US$3 million seed funding round to fuel regional expansion

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Ghanaian Startup Seevcash Secures Funding Through the Stellar Community Fund

Ghanaian startup Seevcash, a remittance and peer-to-peer money transfer platform serving African diaspora communities across Ghana, the US and beyond, has raised US$333,000 in funding through the Stellar Community Fund (SCF)

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Backed by Mbappé, French Insurer Alan Buys Senegal's Tanel to Enter Africa

The French digital health insurer Alan, whose backers include football star Kylian Mbappé and technology investor Prosus, has acquired Senegalese digital health coverage provider Tanel, marking the company’s first expansion into Africa

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