Browsing: African

Africa’s artificial intelligence sector has expanded sharply over the past five years. Startups in Nigeria, Kenya, South Africa and Egypt are applying machine learning to healthcare diagnostics, agricultural yield prediction, credit scoring and logistics optimization, reaching users across multiple African markets from relatively modest bases.

The European Bank for Reconstruction and Development (EBRD) is investing $8 million in Ventures Platform Pan-African Fund II to support early-stage technology companies across Africa and expand access to growth capital.

The European Bank for Reconstruction and Development (EBRD) is investing US$ 8 million (€ 6.8 million) in Ventures Platform Pan-African Fund II, marking the Bank’s first commitment to a pan-African venture capital fund assessing opportunities in sub-Saharan Africa.

African startups raised about $1.44 billion in the first half of 2026, but the small cheques that start companies are disappearing. Rounds below $500,000 made up just 19% of deals, down from 52% in H1 2021, and only 190 ventures raised more than $100,000, the lowest tally since at least 2021. Disclosed grants are thinning…

The companies will provide workflow automation and fraud management software to support the country’s National Digital Payments Strategy

It turns out that it’s not only U.S. and European companies pushing the concept of autonomous warfare. Nigeria-based Terra Industries is a defense technology startup that develops automated security systems for governments and infrastructure operators, and it has just raised $52 million.

Terra Industries just closed one of Africa’s largest-ever seed rounds. The defense tech startup announced an additional $18 million in funding today, bringing its total seed to $52 million – a staggering amount for early-stage capital in emerging markets. The round signals growing investor appetite for defense infrastructure in the Global South, a sector that’s…

BluePeak Private Capital has deployed US$12 million from its second fund into Monty Mobile International in a move that underscores the enduring value of basic telecommunications infrastructure. BluePeak Capital is an asset management firm established in 2019, with offices in London, Tunis, Nairobi and Luxembourg. Announced last week, the investment targets the African hub of…

Thousands of small businesses across Africa are set to gain greater access to online customers, logistics services and digital commerce tools after the International Finance Corporation announced a US$25 million equity investment in Jumia Technologies AG.

The drones buzzing over Rwanda are not just a cool tech demo. They are also a sign that investors are ready to pour money back into African startups.