Top Stories
Nigeria Moves to Deepen Industrial Ties with Japan, Proposes Joint Investment Hub to Attract Foreign Capital
Nigeria has proposed the establishment of a joint industrial and investment hub with Japan to attract foreign investment, accelerate technology transfer, strengthen local manufacturing...
LG Strengthens East African Technician Skills as Smart Appliances Raise Demand for Technical Expertise
LG Electronics is strengthening its technical and after-sales service capabilities across East Africa as increasingly sophisticated consumer appliances raise the skills required to install,...
Egypt’s Tanmiya Capital Raises $130m Fund with EIB, IFC and EBRD Backing to Scale Local Businesses
Egyptian private equity firm Tanmiya Capital Ventures (TCV) has raised $130 million for its second investment fund, exceeding its $120 million target with backing...
Kenya, Uganda Turn to Technology to Boost Cross-Border Tourism and Unlock New Business Opportunities
Kenya and Uganda are strengthening efforts to transform cross-border tourism into a driver of economic growth, with digital platforms, data-driven destination management and youth-led...
Investable.Africa Launches Platform to Connect African Startups to Investors Globally
African startup funding platform Investable.Africa has launched in open beta, offering entrepreneurs access to a database of more than 4,000 global investment firms. It...
Madica Secures Additional $6 Million to Back 30 More African Startups in Three-Year Extension
Africa-focused pre-seed investment programme Madica has secured an additional $6 million commitment from Flourish Ventures to extend its investment pilot by three years, targeting...
Ugandan Startup XenFi Expands Across Africa After Building Profitable Wi-Fi Management Platform
Ugandan technology startup, XenFi, is expanding its footprint across Africa after developing a digital platform that helps internet service providers (ISPs) and Wi-Fi hotspot...
Why Nigerian BNPL Startup Klump Shut Down Despite Raising $1.2 Million and Partnering with Jumia
Nigeria’s buy now, pay later (BNPL) startup, Klump, has shut down after struggling to secure sustainable funding for its lending operations, highlighting the financial...
Tanzania’s Medikea Raises $1.2m to Expand Healthcare Network, Targets 100K Patients
Tanzanian health technology startup Medikea has raised US$1.2 million in pre-seed funding to expand its integrated healthcare network, strengthen its digital platform and introduce...
Saudi Fintech Startup Vrtx Raises $3.6m to Help Businesses Integrate Digital Financial Services
Saudi Arabia-based fintech startup Vrtx has raised $3.6 million in pre-seed funding to help businesses integrate financial services into their products without building complex...
Saudi Proptech Startup Ghanem Raises Additional $1.5m, Takes Total Pre-Seed Funding to $8.6m
Saudi Arabia-based property technology startup Ghanem has raised an additional $1.5 million in a pre-seed funding extension, bringing its total funding for the round...
Saudi Eventtech Startup INVE Raises $300K to Expand Digital Event Management Platform
Saudi Arabia-based event technology startup INVE has raised $300,000 in pre-seed funding from Outliers Venture Capital to expand its digital event management platform and...
