In today's edition: Terra raises Africa’s largest seed round || EBRD, IFC eye Egypt’s Banque du Caire || Egypt’s e-finance acquires 8% stake in Wilzy || Are ATMs making a comeback in Nigeria?
Growth has a way of exposing every shortcut a business has ever taken with its technology. The Web app or platform that felt fast and flexible at 50 users starts to strain at 5,000. Reports that once took minutes now take hours. Simple feature requests turn into multi-week engineering projects, and
Kenya’s new crypto rules are creating a difficult calculation for local startups: raise substantial capital before the November 4 compliance deadline or consider establishing the business elsewhere. Founders of digital-asset companies say the minimum paid-up capital requirements are beyond the reach
Konza Technopolis is exploring a partnership with Amazon Web Services to establish cloud infrastructure and a Startup and Technical Centre of Excellence in Kenya, as the government-backed technology hub seeks to deepen the country’s cloud and artificial intelligence capabilities. Konza Technopolis D
Kuye is the founder of KAMIM Technologies, a Nigerian climate-tech company that builds solar-powered cold storage infrastructure and connects farmers to markets.
Startup Abuja has opened applications for its 2026 Scholarship Programme, offering tertiary students across Nigeria access to education funding, entrepreneurship training and work experience. The programme comes with a N50 million funding pool and is designed to support students who need financial a
The second half of 2026 has started, bringing the total funding raised by African startups to $1.66 billion so far this year. Between January and June, startups raised $1.44 billion. Adding July’s $224M brings us to the $1.66B milestone. While July’s $224 million dropped from June’s high of $334 mil
South African fintech startup TurnStay, which helps African travel businesses get paid by international guests, has processed more than ZAR1 billion (US$61.5 million) in transactions so far this year – a milestone reached in just six months, and only three years after the company was founded. Founde
Kenya’s new crypto rules are creating a difficult calculation for local startups: raise substantial capital before the November 4 compliance deadline or consider establishing the business elsewhere. Founders of digital-asset companies say the minimum paid-up capital requirements are beyond the reach
Technology is playing an increasingly important role in helping 13 Starehe Boys Centre students complete a 1,100-kilometre charity cycling challenge from Busia to Mombasa, combining endurance, digital coordination and safety support in a journey designed to raise KSh10 million for the school’s educa
Konza Technopolis is exploring a partnership with Amazon Web Services to establish cloud infrastructure and a Startup and Technical Centre of Excellence in Kenya, as the government-backed technology hub seeks to deepen the country’s cloud and artificial intelligence capabilities. Konza Technopolis D
Growth has a way of exposing every shortcut a business has ever taken with its technology. The Web app or platform that felt fast and flexible at 50 users starts to strain at 5,000. Reports that once took minutes now take hours. Simple feature requests turn into multi-week engineering projects, and
Jumia has raised $50 million in fresh equity from a group of investors led by the International Finance Corporation, giving Africa’s e-commerce company additional capital as it pushes toward profitability. The financing includes a $25 million investment from IFC, the World Bank Group’s private-secto
