AfriLabs has received a generous $150,000 donation from the Airbnb Community Fund. The funding will help strengthen Africa’s innovation ecosystem by supporting tech hubs and entrepreneurs across the continent.

Can local investors drive Africa’s tech revolution? Benue Capital thinks so—and they're proving it in Uganda. By mobilizing homegrown wealth and debunking myths around tech startups, they're helping high-net-worth individuals shift from land to laptops, funding African solutions for African problems.

After two earlier attempts, Henri Ousmane Gueye finally wins big at the 2024 Africa’s Business Heroes Prize Competition, taking home $300K for EyOne, his groundbreaking health-tech company making waves in Senegal’s healthcare sector.

Five West African startups have received £500K in grants through TRANSFORM West Africa to scale circular and sustainable solutions, with Nigeria in the spotlight.

Ivorian fintech startup Djamo has secured $17 million in fresh funding to scale digital banking across Francophone West Africa. With over 1 million users, Djamo is redefining access to finance in underserved markets.

FAC secures €2 million from IFC to expand its dairy and juice production in Cameroon. The partnership will support food security, job creation, and small business growth in the agribusiness sector.

Literacy is not a luxury; it is a necessity. It fuels imagination, drives innovation, and empowers every child—regardless of zip code—to shape their destiny. Through a community-driven writing initiative, young scholars in Baltimore are finding their voices and defining their futures.

Airtel Africa is investing N1 billion in Nigeria’s 3 Million Technical Talent (3MTT) program, helping to train over 25,000 Nigerians in digital skills. With this commitment, the telecom giant strengthens the country’s push toward a thriving digital economy and a future-ready workforce.

The Spark Accelerator programme is back! In partnership with Safaricom, M-Pesa Africa, and Sumitomo Corporation, the initiative empowers startups with the resources they need to grow. Applications for the second cohort open on April 1—don’t miss out!

German development finance institution DEG has increased its investment in Mediterrania Capital IV by $16.3 million, signaling strong confidence in Africa’s economic growth. The fund, managed by Mediterrania Capital Partners, focuses on mid-sized companies across key sectors in North and West Africa.

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 young entrepreneurs across 52 African countries. Each selected entrepreneur will receive a $5,000 non-refundable seed grant to launch or expand their businesses, fueling economic transformation across the continent.

Flutterwave has introduced Pay With Bank Transfer in Ghana, a new payment option developed in partnership with Affinity Bank. This integration enables businesses to accept secure bank transfers, reducing reliance on cash and Mobile Money. With over 115 million bank transfer payments recorded in Ghana in 2023, this development reflects the nation’s shift toward digital financial solutions.

Meta has launched the Llama Impact Grant, providing $20,000 to AI-driven projects tackling Africa’s challenges in healthcare, agriculture, and research. Applications are open until April 18, 2025—apply now to bring your AI solution to life!

The Startup 360 Connect Programme is calling on innovative startups from Kenya and the broader East African region to apply. Backed by the UK Government, this initiative offers mentorship, investment opportunities, and strategic networking to help startups expand into global markets.

THE BIG PITCH 2025 is here! Startup Club ZA and the South African Future Trust are offering a $1 million investment and national media exposure to the most innovative early-stage startups. Apply now and take your business to new heights!

Leta has raised $5 million in seed funding to scale its AI-powered logistics platform, helping businesses streamline deliveries, cut costs, and improve efficiency. With backing from Speedinvest, Google’s Africa Investment Fund, and Equator, Leta is set to revolutionize logistics across Africa.

Moniepoint’s Women in Tech program is growing! Now in its fifth year, the initiative has increased its internship slots from 10 to 15, equipping more women in Africa with the skills and confidence needed to thrive in tech.

Borno State Governor Babagana Zulum has approved N1 billion in grants for 9,403 small businesses in Biu and Hawul as part of efforts to boost local enterprises and reduce poverty. He also launched a 600-unit housing project for teachers and health workers, reaffirming his administration’s dedication to economic and social development.

AfDB and ECOWAS have signed a $12 million grant agreement to implement the REWARD project, enhancing rice production and food security across West Africa. This initiative seeks to reduce import dependency, support local farmers, and strengthen agricultural value chains, aligning with regional development goals.

The NSIA Prize for Innovation (NPI) is designed to identify, support, and finance early-stage innovative solutions with the potential to:

Badili, a leading Kenyan re-commerce startup, has secured $400,000 in debt funding from Proparco. This investment will drive the expansion of its refurbished smartphone business, making mobile technology more accessible and sustainable across East Africa.

Sahel Capital has secured a $400,000 working capital loan for MM LEKKER to strengthen agricultural trade in Benin. This investment will help smallholder farmers access fairer prices, reduce post-harvest losses, and build more resilient livelihoods.

LoftyInc Capital secures $43 million for its third fund, LoftyInc Alpha, to propel African startups from late-seed to Series A. Backed by sovereign wealth funds, development finance institutions, and high-net-worth investors, the fund aims to bridge the funding gap in Africa’s growing startup ecosystem.

IFC has invested $6 million in Ventures Platform Pan-African Fund II to support early-stage African tech startups. With a focus on fintech, health tech, and digital infrastructure, the fund aims to enhance seed-stage financing and expand Africa’s digital ecosystem.

Khula, a leading South African AgriTech startup, has secured R126 million in funding from major investors, including Absa and AECI. The investment will support the expansion of its digital agricultural solutions, helping farmers access vital resources and markets. With this backing, Khula is set to redefine the future of agriculture in Africa.

Three Francophone African startups have been crowned winners of the latest Orange Summer Challenge, a program that helps young entrepreneurs transform their ideas into impactful businesses. The 2025 edition featured 282 participants from 14 countries, with the top three startups focusing on sustainability, healthcare, and environmental innovation.

Summit Africa has officially launched its Summit Private Equity Fund II (SPEF II) with a $20 million anchor investment from British International Investment (BII). Focused on financial services, ICT, and food security, the fund seeks to drive economic transformation and inclusion across Southern Africa. With plans to raise additional capital, SPEF II supports South Africa’s broader investment and development goals

Nigerian naira strengthens against the dollar, investors wonder if the rally will last. With inflation adjustments, monetary policy shifts, and FX market dynamics in play, the currency faces a crucial test in the coming weeks.

MANSA secures $10 million in funding to address cross-border liquidity challenges, leveraging stablecoins for faster and cost-effective payments. With rapid growth and strategic backing from Tether, MANSA aims to expand into Latin America and Southeast Asia, revolutionizing global payment infrastructure.

Microsoft has launched a $1 million AI training initiative in Nigeria, targeting one million participants over two years. While the program aims to boost digital skills, questions remain about its feasibility and impact. Read more about Microsoft's vision for AI in Africa.

Johnvents Group secures $40.5M from BII to boost Nigeria’s cocoa industry, enhance processing, and support sustainability. Learn how this investment will transform local farming and global competitiveness.

Oui Capital’s early $150,000 investment in Moniepoint turned into a 53x return, fueled by strong leadership and rapid business growth. Here’s how the firm turned conviction into one of Africa’s standout venture capital success stories.

VivaTech’s AfricaTech Awards are back for their fourth edition! Designed to spotlight African startups in green tech, e-health, and e-commerce/fintech, the awards offer valuable networking and mentorship opportunities.

National Bureau of Statistics (NBS) reported a significant drop in Nigeria’s inflation rate to 24.48% in January 2025, driven by food, transport, and accommodation costs. NBS also announced new indices to inform policymakers.

Haldane McCall PLC has announced a remarkable financial performance for 2024, with pre-tax profit soaring to N1.01 billion—a 168.44% increase from the previous year. Revenue also grew by 109.50%, reaching N3.6 billion, driven by strong land and building sales. Explore the full breakdown of their financial highlights, including asset growth and operational insights, in this detailed report.

Egypt’s Taager has raised $6.75 million in pre-Series B funding, marking a significant milestone in its mission to revolutionize social commerce across MENA. The investment, led by Norrsken22, will fuel Taager’s expansion, enhance its AI-driven seller tools, and strengthen its logistics network. With operations in Egypt, UAE, Saudi Arabia, and Iraq, Taager has already supported over 45,000 online sellers and is poised for rapid growth.

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.

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.

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.

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!

EasyBank, a Tunisia-based fintech startup, has raised $370,000 to drive its expansion into new markets. With AI-powered financial services, the company simplifies banking and enhances accessibility. This investment will accelerate its growth and reinforce its position in the fintech industry.

SeamlessHR, a leading Nigerian HR-tech startup, has secured $9 million in Series-A extension funding from investors like the Gates Foundation and Helios Digital Ventures. With this boost, the company is expanding into Nigeria’s public sector, targeting government agencies to modernize HR operations.

Resilience17, founded by Flutterwave CEO GB Agboola, has introduced Go Time AI, an accelerator program aimed at empowering African AI startups. With up to $200,000 in funding, mentorship, and technical resources, the program supports innovators in building scalable AI solutions. The first cohort includes startups like Catlog, Sahel AI, and FriendNPal, showcasing Africa’s potential in the global AI landscape. Applications for the next cohort open in May 2025.

Applications are now open for the Tony Elumelu Entrepreneurship Programme (TEEP), offering African startups training, mentorship, and $5,000 seed funding. Join a network of 10,000 entrepreneurs driving innovation and economic growth across the continent. Apply today!