Author: Elan
Photo: Thecondia Advertisement African startups just pulled in over USD 1 billion in the first half of 2026, according to data tracked by Condia. That’s real money flowing into the continent. But here’s what matters: not all investors are equal, and knowing who’s writing the biggest cheques and where they’re betting can help Ghana’s next generation of founders understand the playing field.A new analysis by Condia, a funding tracker, ranked the 8 most active investors across Africa during the first six months of 2026. The list reveals something interesting: the investors backing Africa’s startups right now are not all traditional…
Five35 Ventures has completed its first portfolio exit, generating a 3.5x multiple on its investment in Ghanaian agritech company Complete Farmer. The Africa-focused venture firm invested in Complete Farmer in April 2022 and exited in March 2026, producing an internal rate of return of 38% over about 4 years. Complete Farmer’s valuation increased from $6 million to $49 million during the investment period. Complete Farmer operates a platform connecting farmers with buyers while providing access to agricultural inputs and technical support. The company works to give farmers access to markets and contracted demand while helping buyers build agricultural supply chains.…
Since its early generations, the REDMI Note Series has built its reputation around a simple idea: premium products made accessible. Rather than limiting flagship-level experiences to the highest price segments, REDMI Note has consistently brought notably advanced technologies, strong performance and premium-quality experiences to a much wider audience. On Wednesday, the smartphone maker introduced the REDMI Note 17 Series into the Nigerian market. The leading selling point is its battery capacity, an unprecedented 10,000mAh paired with 100W fast charging. This combination could be a significant breakthrough for Nigeria, a market defined by its power challenges. The battery capacity and charging…
Day 1: A geophysics student at the University of Ghana wants a pair of $100 Birkenstocks, but the price tag is out of reach, and affordable lecture clothes are nowhere to be found. Day 500: He teaches himself to code on YouTube, launches a website, and battles the classic chicken-and-egg marketplace dilemma. Day 1000: Cedisaver averages 6,000 monthly users, connects 37 informal vendors, and scales completely bootstrapped. In this edition of Day 1 to 1000, OPEYEMI KAREEM charts the journey of Moriah Adika—from a campus thrift struggle to building Ghana’s digital marketplace for budget-friendly fashion. Moriah Adika’s journey to founding…
The best and worst thing about tech is just how fast it moves on. You buy a CPU today, then a year later, the socket’s changed and your upgrade path is over. Nothing is permanent in tech, and with yearly release cycles for many components, it’s easy for things to get left behind. Not for everything, though! I compiled a list of things that surprisingly still slot into newer PCs, despite being a decade+ old themselves. Your old three-pin case fans can still plug straight in Case fans are some of the champions of upgradability in PCs. Not in the…
Members of the Ethiopian pro-government Tigray Peace Force (TPF) gesture as residents welcome them while they ride in a pickup truck during a street patrol after Ethiopian federal and allied forces entered the Tigray capital of Mekelle, on October 4, 2026. © AFP Published on October 04, 2026 at 15:53 pm (GMT +1) Ethiopian federal forces were in full control of the Tigray rebels’ regional capital, a local journalist said on Sunday, while Ethiopia’s regional rivals gathered in Egypt to discuss the risk of a wider war.The Tigray People’s Liberation Front (TPLF) and federal forces began fighting again on September…
Listen to this article Tokyo is redefining its engagement with Africa, transitioning from traditional aid-based approaches to strategic venture capital (VC) investments focused on long-term partnerships, innovation and capacity building. Several Japanese private companies are making Japan’s presence felt in Africa’s VC landscape, particularly in high-growth sectors such as fintech, climate tech and mobility. Growing demand for innovative, technology-driven solutions in Africa has drawn increasing interest from international investors. VC funding in Africa rose from over US$2 billion in 2019 to a peak of US$5.2 billion in 2022. Though investment declined to around US$3.6 billion in 2023, the continent’s start-up…
EBID backs $390m of strategic projects across West Africa – African Business EBID backs $390m of strategic projects across West Africa – African Business
Luno, the UK-headquartered cryptocurrency firm that operates in four African countries, spent much of its first decade building a retail crypto exchange. Now, Ayotunde Alabi, chief executive officer and country manager for Luno Nigeria, says the company is pursuing a bigger ambition: selling digital asset infrastructure to banks, asset managers, fintechs, and large enterprises. Luno wants to give institutions the tools to offer digital assets to their own customers, issue stablecoins, and move money across borders, Alabi told TechCabal in an interview. “Luno would be the rail [on] which they [institutions] can come into the virtual asset space. For example,…
Agbara Nla: The Return has recorded the biggest first-day gross for any Nollywood title in preview history at the box office, taking in ₦70 million from 12,134 admissions, ahead of its official nationwide release. The preview screening placed the film at No. 1 for the period and gave it the biggest single-day preview gross ever recorded in West Africa. The film remakes Mike Bamiloye’s 1993 Christian classic Agbara Nla, also known in English as The Ultimate Power. The original premiered more than three decades ago and became a landmark of Nigerian Christian cinema, distributed primarily through home video at the…