The Tony Elumelu Foundation (TEF) has secured a $6 million partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation to empower 1,000 African entrepreneurs.
San Diego FC welcomes Nigerian GRAMMY-winning artist Tems as a new Club Partner. Through her company, The Leading Vibe, Tems joins a distinguished group of partners to inspire and empower communities on and off the pitch.
Madica has announced $800,000 in pre-seed funding for four African startups, marking its first investments in North Africa. The selected companies, focused on healthtech, e-mobility, and AI, will receive mentorship and funding as part of Madica’s broader $6 million investment strategy.
Ghanaian fintech startup Affinity Africa has secured $8 million in seed funding to enhance its financial services. With backing from European venture capital firms, the company aims to serve more underserved individuals and micro-businesses. Since its launch, Affinity has onboarded 50,000+ users and disbursed $15 million in loans, strengthening financial inclusion in Ghana.
In a bold move, OpenAI CEO Sam Altman dismissed Elon Musk’s $97.4 billion takeover bid with a witty remark, reinforcing OpenAI’s commitment to independence. The rejection further fuels tensions between the two AI pioneers, who are already entangled in legal disputes over OpenAI’s direction.
As an investor with a diversified portfolio across 4 continents—from power to oil & gas, financial services, and healthcare—I can tell you one thing: nowhere else offers the kind of ROI than Africa does.
In terms of value, we grew by 20.7% to $5.45 billion, and we are now represented in 126 countries. This is a clear indication that Nigeria is making significant progress,” stated Dr. Nonye Ayeni, Executive Director of NEPC.
The Tony Elumelu Foundation Entrepreneurship Programme (2025) supports African entrepreneurs with funding, mentorship, and training. Open to businesses aged 0–5 years, the programme fosters innovation and economic growth across Africa. Apply today!
The Norwegian Refugee Council (NRC) is halting humanitarian aid in nearly 20 countries due to the U.S. government's foreign aid freeze. This decision impacts 1.6 million people globally, including vulnerable communities in Ukraine, Sudan, and Burkina Faso. NRC warns of severe consequences and urges immediate action to restore funding
