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

Egyptian Waste Tech Startup Bekia Closes Seed Funding Round

Egyptian waste technology startup Bekia has raised $765,000 in seed funding to expand its enterprise software offerings and digitize North Africa’s fragmented recycling supply chain.​

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Egyptian Fintech Unicorn MNT-Halan Moves Closer to IPO as EGX Lists MNT Tech Holding

The Egyptian Exchange has granted a temporary listing to MNT Tech Holding for Financial Investments, the parent company of fintech unicorn MNT-Halan, clearing an initial regulatory hurdle as the group moves toward a public market debut

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Apply for the SAB Foundation Tholoana Enterprise Programme

Applications are now open for the SAB Foundation Tholoana Enterprise Programme, an 18-month business growth programme for entrepreneurs leading commercially proven South African businesses that are either growing or poised for growth.

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The Startup Catalytic Fund

Moroccan startups have the opportunity to access a share of US$37 million in funding after a government-backed funding mechanism reached a key stage. The Startup Catalytic Fund – launched by the Ministry of Digital Transition and Administration

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Africa-Focused Pre-Seed Investment Programme Madica Announces Five New Investments

Madica, a structured investment programme for pre-seed African startups, has announced five new investments, expanding its portfolio into Algeria and Cameroon for the first time, while strengthening its presence across Africa.

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Australia to Tighten Immigration Rules for International Students

Australia is preparing to tighten immigration rules for international students, with the federal government considering restrictions.

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Firi Closes $3 Million Funding Round Led by 360 ONE Asset

Beauty and personal care quick commerce startup Firi has raised $3 million in a funding round led by 360 ONE Asset. ​The round also saw participation from Better Capital, CRED founder Kunal Shah and other angel investors

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Fashion Discovery Platform Slayd Bags Pre-Seed Funding Round

Gurugram-based fashion discovery platform Slayd has raised Rs 1.5 crore in a pre-seed funding round led by ajvc, an early-stage fund founded by Aviral Bhatnagar.

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VerifAIX Raises $5 Million in a Seed Funding Round

AI-native semiconductor verification startup VerifAIX has raised $5 million in a seed funding round co-led by Endiya Partners and Bluehill VC.

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SK Hynix in Talks With Intel to Make RAM Chips in US

South Korean memory chip giant SK Hynix is in discussions with Intel to manufacture RAM chips in the U.S. for the first time, Reuters reported, citing anonymous sources.

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Autonomous vehicle Company May Mobility is Going Public

Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company.

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NIHTAEL: Building the Business Infrastructure Behind African Creative Talent

Based in Lomé, Togo, NIHTAEL is part of this emerging generation of cultural entrepreneurs. His professional work sits at the intersection of creative-business development, media strategy, artist development, digital positioning and cultural entrepreneurship.

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