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Africa's Markets, Startups & Money Moves — Updated Daily

U.S. Deports 20 to Liberia

The deportees arrived at the Roberts International Airport outside Monrovia. The Liberia-US agreement is among the largest third-country deportations driven by the Trump administration’s crackdown on immigration.

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U.S. Threatens Toughest-Ever Sanctions on Iran

The United States will impose “the toughest sanctions in history” on Iran, US Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington.

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Sneaker Brand Zaydn Raises Seed Funding Round

Sneaker brand Zaydn has raised $681K in a seed funding round led by Inflection Point Ventures (IPV), with participation from BeyondSeed and other angel investors.

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Comsol Enters Home Broadband Market With Wholesale 5G Push

Comsol, a South African fixed wireless connectivity and private network operator with a history spanning nearly three decades, is entering the home broadband market as a wholesale provider of 5G infrastructure.

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Meet Abasi Ekpenyon, Founder & Developer of DownloadChow

Meet Abasi Ekpenyon, Founder & Developer of DownloadChow, one of the innovators joining us for the Stack & Hustle Abuja Mobile & Web App Exhibition

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Babycare Quick Commerce Platform Peeko Bags Over $7 Million Series A Funding Round

Peeko, a babycare quick commerce platform that delivers baby and kids-care essentials within 60 minutes, has raised Rs 67.4 crore (over $7 million) in a Series A funding round led by Chiratae Ventures

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The US National Debt Surpasses a Record $40 Trillion

The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October.

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Founder Institute Opens Applications for Its Egypt Fall 2026 Cohort

Founder Institute is the world’s most proven network for turning ideas into fundable startups, and startups into global businesses. Since 2009, the structured accelerator program has helped entrepreneurs raise over US$2 billion in funding

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South African Startup Jem HR Secures $8.4 Million Series A Funding Round

South African startup Jem HR, a WhatsApp-based HR and employee benefits platform used by over 200 companies and 250,000 frontline workers, has raised a US$8.4 million Series A funding round to support its expansion

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OpenAI CFO Sarah Friar Tells Associates AI Lab Is Aiming to Be Public in 2027

OpenAI CFO Sarah Friar told employees during an all-hands meeting on Wednesday that the artificial intelligence lab “will be a public company in 2027,” but that it could make its public market debut sooner

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Cancer Vaccine from Merck and Moderna Shows Positive Initial Results

An experimental personalized cancer vaccine from Merck and Moderna showed positive initial results in its first-ever late-stage trial, the companies announced Wednesday

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Micromobility Startup Also Closes Fresh $150 Million Series D Round

Also has raised another $150 million as the micromobility startup that spun out of Rivian last year expands its business beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles

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