South African investment firm Stocks & Strauss has announced the final close of the University Technology Fund II at ZAR400 million (US$24 million), taking total capital across its university-linked early-stage investment platform to more than ZAR700 million (US$42 million) and deepening a dedicated
South African startup Palé, an innovative black female-owned beverage technology platform, is the third startup selected for the pioneering female founder funding-readiness initiative run by Grindstone Ventures and the Mineworkers Investment Company (MIC). Grindstone is a global accelerator founded
WapiPay, a Kenyan financial technology firm, has obtained a Money Services Business license from Canada’s Financial Transactions and Reports Analysis Center, marking its first regulated entry into North America as it scales its global payments network. The license allows the Nairobi based company to
Halo, a tech startup focused on products for textured hair, has raised $7 million in seed funding to commercialize HaloBraid, a device designed to help professional stylists complete braids faster and with less physical strain. The Cambridge, Massachusetts-based company said Monday that the financin
Daya, a startup building stablecoin-based payment infrastructure for African businesses, has raised $2.4 million in pre-seed funding as it seeks to simplify how companies move money across borders. The round was led by Hivemind Capital, with backing from Lattice, Alliance, Globelink and Aptos Founda
For years, Africa’s digital transformation story has largely centered on cities, where infrastructure investment, technology adoption, and innovation ecosystems have grown rapidly. Yet beyond these urban centers, millions of people across rural and peri-urban communities still remain under-connected
CBN’s directive mandates Nigerian banks and fintechs to keep data local With the Central Bank of Nigeria’s data localisation directive set to take effect on 1 January 2027, Clouds2Africa, a locally hosted cloud platform, says it is already fully compliant with the regulatory requirements and is posi
Tunisian agritech startup RoboCare has secured a six-figure investment from venture capital firm 216 Capital, adding fresh momentum to a growing wave of African startups using artificial intelligence to tackle food production and climate challenges. The funding will support the company’s expansion a
| By: Francis Onyemachi The Federal Government has launched a national shared AI compute infrastructure aimed at giving researchers, startups and public institutions the computing power needed to develop world-class artificial intelligence solutions in Nigeria. The infrastructure, unveiled on Friday
Beltone Asset Management, a subsidiary of Beltone Holding, has partnered with Egyptian fintech company Telda, which specialises in digital financial services, to broaden access to Beltone’s investment products and mutual funds through Telda’s digital platform. The partnership aims to simplify access
EmergingTech Ventures Fund II, an early-stage venture capital fund dedicated to high-potential technology startups operating in Morocco, Tunisia, Senegal, and Ivory Coast, has secured a cornerstone investment from French development finance institution Proparco. Managed by EmTech Capital, an indepen
Tunisian startup RoboCare, which specialises in precision agriculture and artificial intelligence applied to the agricultural sector, has secured a six-figure investment from 216 Capital. Founded in Sfax, RoboCare develops an agricultural management platform that helps farmers make better decisions
Zimbabwean startup Maminda Agri-Fintech is helping smallholder farmers access finance, agricultural advisory services and markets through a single digital ecosystem. Founded last year, Maminda Agri-Fintech combines AI-powered farming support, digital financial services, satellite crop monitoring, co
South African startup Palé, an innovative black female-owned beverage technology platform, is the third startup selected for the pioneering female founder funding-readiness initiative run by Grindstone Ventures and the Mineworkers Investment Company (MIC). Grindstone is a global accelerator founded
EdenCare, Rwanda’s digital health insurer, has received €250,000 from French development finance institution Proparco in a move aimed at accelerating access to affordable, tech-driven healthcare coverage across East Africa. The funding will support EdenCare’s expansion in Rwanda and Kenya, two marke
4G Capital has disbursed more than $1 billion in loans to entrepreneurs in Kenya and Uganda, underscoring rising demand for working capital among small businesses typically shut out of formal finance. The Nairobi-based fintech said it has served about 800,000 customers since its 2013 launch, issuing
Tunisian agritech startup RoboCare has secured a six-figure investment from venture capital firm 216 Capital, adding fresh momentum to a growing wave of African startups using artificial intelligence to tackle food production and climate challenges. The funding will support the company’s expansion a
EmergingTech Ventures Fund II, an early-stage venture capital fund dedicated to high-potential technology startups operating in Morocco, Tunisia, Senegal, and Ivory Coast, has secured a cornerstone investment from French development finance institution Proparco. Managed by EmTech Capital, an indepen
