African startups raised $391.1 million in June 2025, a major rebound from May’s figures. Senegal, Kenya, South Africa, and Djibouti led the charge, fueled by megadeals in fintech, clean energy, and AI.
The Debt Management Office (DMO) has launched the July 2025 Federal Government of Nigeria (FGN) savings bonds, offering interest rates of up to 16.762% per annum. The subscription runs from July 7 to July 11, 2025.
After nearly three years of restrictions, Nigerian banks have resumed international transactions on naira-denominated cards, offering customers greater flexibility for global payments.
Yikodeen, Nigeria’s leading safety footwear manufacturer, has raised $1.5 million from Aruwa Capital to scale production, expand across West Africa, and boost local job creation. The investment will fund new equipment, factory upgrades, and digital quality control systems while advancing gender inclusion and social impact.
AfDB has awarded a $1 million grant to South Africa's National Business Initiative to support youth-focused green skills development under the Just Energy Transition programme. The funding aims to strengthen skills systems, create jobs, and promote inclusive economic growth.
The Nigerian Exchange returned 16.57% in H1 2025, but some stocks far outpaced the market. This post highlights the top 10 gainers—driven by earnings, value plays, and sector shifts.
June 2025 was a breakthrough month for African startups, with $365 million raised—pushing total H1 funding to $1.35 billion. Equity and debt contributions signal renewed investor confidence, though Nigeria lags behind.
Mediterrania Capital Partners has raised €600 million for its fourth mid-cap fund, aiming to invest in high-potential businesses across North and West Africa. The fund will focus on growth sectors including finance, healthcare, and education.
Wave, the West African fintech disrupting mobile money services, has secured €117 million in fresh funding. The company plans to expand across the region and strengthen its commitment to affordable, inclusive financial services.