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

Rain Secures $250 Million in Series C Funding

Rain, a NYC-based provider of an enterprise-grade infrastructure for stablecoin-powered payments, raised $250M in Series C funding.

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Ethiopia Begins Construction of ‘Africa’s Biggest Airport’

Ethiopian Airlines on Saturday officially started a $12.5 billion construction ‍project for what officials say will be Africa’s biggest airport.

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Peter Obi: Concerning Issues as India Surpasses Japan: A Stark Reminder of Nigeria’s Decline

India has become the fourth-largest economy in the world, in terms of nominal GDP, surpassing Japan. According to IMF estimates for 2025, India’s GDP is projected to be about $4.187 trillion, while Japan’s GDP is approximately $4.186 trillion.

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Applications are Open for AU–EU Youth Action Lab Entrepreneurship Grant

Applications are now open for the AU–EU Youth Action Lab Entrepreneurship Grant, a funding opportunity designed to support youth-led organisations.

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Apply for Qualcomm Make in Africa Startup Mentorship Program 2026

The Qualcomm Make in Africa Startup Mentorship Program 2026 is open for African early-stage tech startups ready to build and scale with advanced connectivity and processing technologies.

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Israel Recognizes Somaliland as a Sovereign State

Israel has recognized Somaliland as a sovereign state. Somaliland is a self governing territory region considered part of Somalia

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Algerian Parliament Declares France's Colonisation a Crime

France's President Emmanuel Macron has previously acknowledged the colonisation of Algeria was a "crime against humanity" but has not offered an apology.

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