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| Aug 13, 2026 | Inside The $3.3 Billion Funding Spike Transforming African Tech Infrastructure | The headline figures for African startup funding look spectacular at first glance: $3.3 billion raised in the first half of 2026, up 73% year-on-year for the best mid-year total in a decade. Look past the confetti and the story changes, wit... |
| Sep 6, 2024 | 👨🏿🚀TechCabal Daily – How OmniRetail cracked African e-commerce | In partnership with
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We’ve got ₦1 million up for grabs.
We’ve partnered with Zedcrest Wealth to host the first edition of the Money Titan Tournament at Moonshot 2024. Test your financial liter... |
| Mar 25, 2024 | From seed varieties to finance access, South-South collaborations are critical to boosting African agriculture | For Africa, a continent where the dream of feeding herself was elusive even before climate change, the future of agriculture is rather uncertain.
“There’s a need for Africa to rethink her approach to agriculture,” Ambassador Gurjit Singh, I... |
| Jan 23, 2024 | How African startups raised funding in 2023 | After defying the global funding slowdown of 2022, VC investments in African startups dropped considerably last year, mirroring the situation in other regions where capital taps were significantly turned off. The drop, however, was not unex... |
| Oct 13, 2023 | African startups see their fundraising prospects dry up as capital availability falls yet again in Q3 | African startups’ fundraising trends have reverted to what we might call pre-COVID norms. In a nutshell: Startups on the continent raised less money in the third quarter of 2023 than they have since the end of 2020, according to The Big Dea... |
| Sep 12, 2023 | After completing a $5m debt raise, Lipa Later plans to raise $20m more | Kenyan fintech Lipa Later has secured $5 million in private debt issuance, but the company still wants to raise $20 million for expansion plans.
Kenyan fintech firm Lipa Later Group has raised KES 500 million ($5 million) in a privately pla... |
| Aug 30, 2023 | Black Ostrich Ventures announces $20m pre-seed and seed stage fund for African startups | Black Ostrich Ventures, a Los Angeles-based VC firm, has launched a $20 million pre-seed and seed-stage fund to support African startups in the cleantech, supply chain, ag-tech, and edtech sectors.
Black Ostrich Ventures, a Los Angeles-base... |
| Jul 5, 2023 | Will Africa’s B2B e-commerce industry survive another decade?
TechCabal’s 2021 Year-End report
Success! | Every day, millions of Africans buy things from the vendor who owns a kiosk at the end of the street, the woman under the umbrella at the bus stop, or something cold from a hawker as traffic slows down. Informal retail makes up between 60-7... |
| Jun 9, 2023 | Can B2B e-commerce startups innovate their way out of tough times? | Building a tech startup is the “new cool.” Well, it’s been this way for over a decade but gained peak acceptance in recent years. Raising millions of dollars only became popular in 2021, and the fintech wave is the youngest trend. Before fi... |
| Apr 22, 2023 | Where does YC’s scaleback leave the African tech ecosystem?
TechCabal’s 2021 Year-End report
Success! | “I really hope that one day, YC will recognise the value of what I’m building and back my startup. That will be the game changer.” This is Ayo*, a Lagos-based founder, sharing his hopes of being selected into one of Y Combinator’s cohorts l... |
| Jan 29, 2023 | Clean-tech and e-commerce are fuelling Kenya’s speedy tech market growth | Last year, despite a slowdown in venture capital (VC) activity globally, Kenya managed to defy the odds and come out on top as the African country with the strongest growth in funding raised. According to data from market intelligence firms... |
| Jan 27, 2023 | How African startups raised venture capital in 2022 | Earlier this month, we reported that investors’ sentiments surrounding venture capital activity going into this were more reserved than upbeat. Investors believe the market correction, which caught up with the continent in the second half o... |
| Jan 26, 2023 | Kenya’s growth was strongest in Africa’s VC market; clean tech, e-commerce pulled in most of the funding | As VC activity slowed down globally last year, Kenya defied odds to record the strongest growth in funding raised in Africa. Reports show that the deal count and value to the country surpassed 2021 figures owing to increased investor intere... |
| Oct 28, 2022 | Reserve your seat at the 9th edition of the highly anticipated Africa Early Stage Investor Summit 2022 (#AESIS2022) | The largest gathering of Africa-focused early stage investors is back for its 9th edition taking place from 2 – 4 November, 2022. This year the three-day Summit will be a mix of virtual components and in-person Investor meetups in over 25 c... |
| Mar 26, 2022 | Applications open for 2022 Africa’s Business Heroes prize competition | The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications for its fourth annual edition.
Entrepreneu... |
| Mar 26, 2022 | Applications open for 2022 Africa’s Business Heroes prize competition | The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications for its fourth annual edition.
Entrepreneur... |
| Mar 18, 2022 | African B2B e-commerce platform Wasoko raises $125m in Series B round | Wasoko — the Nairobi-based B2B platform formerly known as Sokowatch — announced this week that it has raised $125 million in Series B funding.
The investment was co-led by Tiger Global and Avenir Growth and also featured new investors VNV G... |
| Mar 10, 2022 | East Africa can tackle food insecurity via digitalization, but infrastructure needs funding too: report | Nations in East Africa must prioritize technological innovations and digitalization of food systems in order to tackle perennial food insecurity, according to a new report by London-based market insights provider Briter Bridges.
The report ... |
| Feb 14, 2022 | Stitch raises $21M in Spruce House led Series A | South African fintech API Stitch closed a $21 million Series A funding round that drew participation from The Spruce House Partnership, PayPal Ventures and TrueLayer among a mix of global and local investors. This investment will allow the ... |
| Feb 14, 2022 | Stitch raises $21M in Spruce House led Series A | South African fintech API Stitch closed a $21 million Series A funding round that drew participation from The Spruce House Partnership, PayPal Ventures and TrueLayer among a mix of global and local investors. This investment will allow the ... |
| Feb 8, 2022 | Reports say African startups raised record-smashing $4.3B to $5B in 2021 | Last year was record-breaking for African startups. I know I’m probably starting to sound like a broken record, but the astronomical growth is worth highlighting again and again.
In this piece, I spotlighted what influenced this venture cap... |
| Jan 30, 2022 | Norrsken, VCs and 30 unicorn founders set up $200M fund to back growth-stage startups in Africa | Niklas Adalberth’s Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda, which plans to accommodate thousands of entrepreneurs by next year.
This time, the foundation has teamed up wi... |
| Dec 3, 2021 | Norrsken Foundation’s hub opens in Rwanda, to house 1,000 entrepreneurs by next year | In 2019, Swedish coworking space and investment fund Norrsken Foundation announced the launch of its first entrepreneurship hub outside the Scandinavian nation in Rwanda.
The center, located in Kigali, has finally opened up to the region, t... |
| Oct 15, 2021 | As African Venture Capital Booms, Are Female Founders Losing Out? | A former sugar trader in the City of London, Jihan Abass knows the sweet taste of success. One particular moment to savor for the 27-year old entrepreneur came in May 2021, when her Nairobi-based insurance tech startup, Lami, raised its fir... |
| Jul 27, 2021 | African startups join global funding boom as fintech shines | The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. Globally, the venture capital world is a... |
| May 10, 2021 | Cape Town becomes major tech start-up investment hub | In 2020, a total of $88 million (roughly R1.2 billion) disclosed investments were injected into tech start-ups in the City of Cape Town across 46 deals.
So says Wesgro – the official tourism, trade and investment promotion agency for Cape T... |
| Apr 6, 2021 | Enygma Ventures reaffirms commitment to investing in women entrepreneurs | US venture capital (VC) fund Enygma Ventures has reportedly funded 10 businesses across the SADC region and invested nearly $4-million in selected startups and SMEs. With this in mind, the VC firm is committed to supporting female-founded s... |
| Apr 6, 2021 | Enygma Ventures reaffirms commitment to investing in women entrepreneurs | US venture capital (VC) fund Enygma Ventures has reportedly funded 10 businesses across the SADC region and invested nearly $4-million in selected startups and SMEs. With this in mind, the VC firm is committed to supporting female-founded s... |
| Apr 3, 2021 | You might have just missed the best time to sell your startup | Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign ... |
| Jan 29, 2021 | Rising African venture investment powers fintech, clean tech bets in 2020 | As a turbulent week in the capital world, we’re taking a look at something a bit slower moving: venture capital trends in Africa during 2020.
The Exchange has long explored quarterly and yearly data regarding the North American, European an... |
| Jan 25, 2021 | Africa’s disclosed VC investments reached $2.4bn in 2020 | The estimated value of the disclosed mergers and acquisitions (M&A) market in Africa was $1.12 billion in 2020, with fintech start-ups accounting for over nine-tenths of total M&A volumes.
This is according to the Africa Investment ... |
| Jan 11, 2021 | African startups raised at least $1.3b in 2020, according to Briter Bridges | Share this article:
The COVID pandemic marred 2020. With a lot of panic and economic downturn across different markets, it was a no brainer that we’d witness a drop in funding activities in our ecosystem.
Adjusting to the ‘new normal’, many... |
| Nov 27, 2020 | What makes Nigeria the dominant country in West Africa’s startup space | Share this article:
Stakeholders are excited about the progress made on the Nigerian tech scene over the years; all things considered, their enthusiasm is justified. Like other countries in the world, Nigeria is experiencing disruptions in ... |
| Jul 8, 2020 | Remote work is not enough to increase workplace productivity in Africa’s major tech cities | Share this article:
Funke Opeke, CEO of MainOne, recently mentioned in an interview with Techpoint Africa that young professionals will always gravitate towards locations that have business enablers such as access to investors (mostly forei... |
| Jul 8, 2020 | So far in 2020, African startups have raised about $500m but see a big Q2 slump | Share this article:
Total venture funding for African startups in 2020 so far has passed the $500m mark. This is according to Maxime Bayen, company builder at GreenTec Capital, a German but African-focused investment firm.
Bayen carries out... |
| Jun 25, 2020 | Another report, another number, for VC investments in African startups [Opinion] | Those in Africa’ tech startup scene can be forgiven for being confused when asked how much venture capital (VC) goes to the continent’s startups.
Recently, a plethora of reports on the VC sector have each come up with different figures when... |
| Jun 25, 2020 | Another report, another number, for VC investments in African startups [Opinion] | Those in Africa’ tech startup scene can be forgiven for being confused when asked how much venture capital (VC) goes to the continent’s startups.
Recently, a plethora of reports on the VC sector have each come up with different figures whe... |
| May 25, 2020 | Why founders consider side hustles despite startup stress | Share this article:
Globally, being an entrepreneur is sometimes considered an extreme sport, especially in Africa. It is affected by issues with addressable market, social-cultural biases, funding, Internet connectivity, and government pol... |
| May 6, 2020 | African VC funding to drop by nearly $1B at the end of the year, report says | Share this article:
Last year, Partech Africa reported that 234 African tech companies raised a total of $2.02 billion in 250 equity rounds. This signalled a 74% increase from 2018’s figure of $1.163 billion raised by 146 startups in 164 ro... |
| Mar 20, 2020 | Latest report puts new number to Egypt’s record year of startup deals in 2019 | Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups, a new report has found.
While this may be so, the figures revealed in a new report released earlier ... |
| Mar 20, 2020 | Latest report puts new number to Egypt’s record year of startup deals in 2019 | Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups, a new report has found.
While this may be so, the figures revealed in a new report released earlier... |
| Feb 18, 2020 | Blockchain Crypto Exchange Startup, Bitfxt Raises $15M Fund to Scale Global Growth | Bitfxt, a blockchain and crypto exchange platform in Nigeria, has raised $15M in funding. The money is from Payitup Clearinghouse, a Syndicate of Hedge Funds based in the UK. The fund will be used to expand its business globally.
Africa has... |
| Jan 30, 2020 | Tech firms serving Africa raised over $2bn in funding in 2019 reveals Partech report | Venture capital (VC) investments in tech companies that serve the African market last year grew 74% over 2018 — to total over $2-billion, through 250 rounds, up from 164 in 2018, reveals a new report by Partech Africa.
Partech says the fin... |
| Jan 30, 2020 | Tech firms serving Africa raised over $2bn in funding in 2019 reveals Partech report | Venture capital (VC) investments in tech companies that serve the African market last year grew 74% over 2018 — to total over $2-billion, through 250 rounds, up from 164 in 2018, reveals a new report by Partech Africa.
Partech says the find... |
| Jan 27, 2020 | African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO | The World Bank has forecast growth in Sub-Saharan Africa to slow from 3.4% (forecast) in 2019, to 2.9% in 2020. But despite slower growth, venture capitalists remain bullish over the continent’s venture capital (VC) scene.
Earlier this mon... |
| Jan 27, 2020 | African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO | The World Bank has forecast growth in Sub-Saharan Africa to slow from 3.4% (forecast) in 2019, to 2.9% in 2020. But despite slower growth, venture capitalists remain bullish over the continent’s venture capital (VC) scene.
Earlier this mont... |
| Jan 17, 2020 | African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated] | African tech companies raised $1.27-billion in funding across 167 disclosed deals in 2019, an investment summary by London-based research firm Briter Bridges has found.
The report (available for free to download here) is based on research a... |
| Jan 17, 2020 | African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated] | African tech companies raised $1.27-billion in funding across 167 disclosed deals in 2019, an investment summary by London-based research firm Briter Bridges has found.
The report (available for free to download here) is based on research ... |
| Jan 15, 2020 | Where does having fewer expat founders put the Nigerian startup ecosystem? | Share this article:
Nigeria appears to have a low expat involvement in its startup ecosystem compared to other African countries where tech involvement is truly thriving.
This trend was obvious in the demographic results of a survey by Timo... |
| Jan 9, 2020 | For the first time, around 100 African startups raise at least $1 million each in one year | African tech companies, new and old, raised at least $1.27 billion in 2019, the biggest total yet for a calendar year.
This is from a report published by Briter Bridges, an industry researcher. It relies on data on disclosed deals above $1 ... |
| Oct 21, 2019 | What does the CEO of a startup in Africa earn? | How much do employees of technology companies earn in Africa? The consensus seems to be that these employees are well compensated, but there has been little data to back this up. Until now.
Thanks to a study conducted by Timon Capital, an i... |
| Oct 3, 2019 | Infographic: The 120 tech companies that operate in Africa’s logistics sector | A new report based on data gathered in the second and third quarter of the year has identified 120 tech companies that operate in Africa’s logistics sector.
The report, titled Digitising Logistics in Africa, is based on a study conducted b... |
| Oct 3, 2019 | Infographic: The 120 tech companies that operate in Africa’s logistics sector | A new report based on data gathered in the second and third quarter of the year has identified 120 tech companies that operate in Africa’s logistics sector.
The report, titled Digitising Logistics in Africa, is based on a study conducted by... |
| Sep 4, 2019 | SF-based African fintech startup Chipper Cash expands to Nigeria | The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria.
The San Francisco-based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partners... |
| Aug 26, 2019 | ABAN, research firm Briter Bridges partner to map Africa’s investment landscape | The African Business Angel Network (ABAN) has partnered with Briter Bridges, a London-based think-tank and data driven research firm, to map Africa’s investment landscape.
Briter Bridges said in a statement last Thursday (22 August) that th... |
| Aug 26, 2019 | ABAN, research firm Briter Bridges partner to map Africa’s investment landscape | The African Business Angel Network (ABAN) has partnered with Briter Bridges, a London-based think-tank and data driven research firm, to map Africa’s investment landscape.
Briter Bridges said in a statement last Thursday (22 August) that t... |
| Jul 30, 2019 | Why this Nigerian fintech startup is volunteering audited financials | Nigerian fintech firm Carbon — an early-stage financial services startup based in Lagos — has posted on its website financials audited by KPMG.
This comes four months after the company obtained a credit rating as a pre-IPO venture. Carbon —... |
| Jul 12, 2019 | Nigeria Mapped as the Most Advanced Technology Ecosystem in Africa | The GSMA Ecosystem Accelerator program has mapped Nigeria as the most advanced technology ecosystem in Africa. This ranking was based on the Briter Bridges and the GSMA Ecosystem Accelerator Program’s collaborative effort to identify the ac... |
| Jun 21, 2019 | African fintech dominates Catalyst Fund’s 2019 startup cohort | African fintech has taken center stage for the Catalyst Fund, a JP Morgan Chase and Bill & Melinda Gates Foundation-backed accelerator that provides mentorship and non-equity funding to emerging markets startups.
The organization announ... |
| Kenya and Ghana lead world in mobile money | Tom Collins
July 26th 2021 •
Africa •
Technology & Information
Many African countries like to think that certain areas of their economies have already leapt well out of the pond. But is this actually the case?
For mobile money, it is. A... |
| Rwanda partners with CcHub to launch Fintech Innovation Project | Tom Collins
February 10th 2022 •
Africa •
Technology & Information
Over the last decade, Rwanda has worked hard to establish itself as a tech hub. Despite only being a small market, it has aimed to attract serious investors and startups... |
| Nigeria Mapped as the Most Advanced Technology Ecosystem in Africa | The GSMA Ecosystem Accelerator program has mapped Nigeria as the most advanced technology ecosystem in Africa. This ranking was based on the Briter Bridges and the GSMA Ecosystem Accelerator Program’s collaborative effort to identify the ac... |
| Meet the founder helping African businesses expand across borders | Tola Onayemi is CEO at Norebase, a tech company that helps African businesses scale across multiple markets using its digital platform.
In May, Norebase announced that it had secured a $1m seed funding round. The round was co-led by Samurai... |
| Uganda telemedicine startup takes first step to scale across Africa | Tom Collins
April 13th 2022 •
East Africa, Kenya, Uganda •
Finance & Services, Technology & Information
Healthcare is one of Africa’s most regionally insulated sectors. Unlike banks or large agricultural firms, there are very few he... |
| Blockchain Crypto Exchange Startup, Bitfxt Raises $15M Fund to Scale Global Growth | Bitfxt, a blockchain and crypto exchange platform in Nigeria, has raised $15M in funding. The money is from Payitup Clearinghouse, a Syndicate of Hedge Funds based in the UK. The fund will be used to expand its business globally.
Africa has... |
