USAID, which has pulled $100 million in non-dilutive grants. This move threatens innovation in healthcare, agriculture, and clean energy, forcing entrepreneurs to explore alternative funding avenues. As Silicon Savannah navigates this shift, the question remains—how will startups adapt to the loss of crucial development funding?
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.
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.
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!
