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

Villgro Africa MedTech Programme to Support Invention-Based Health Startups in Africa

The Villgro Africa MedTech Innovation Programme is looking for locally-led, invention-based enterprises developing tech-enabled medical hardware that addresses healthcare needs.

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South Africa’s Lumepay Raises $6 Million Pre-Seed Plus $10 Million Float to Build Payment Infrastructure for Africa

South African cross-border payments startup Lumepay has raised US$6 million in pre-seed funding, alongside US$10 million in capital float, as it builds institutional-grade payment infrastructure for African businesses.

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Norwest Raises $4 Billion Fund to Double Down on AI Investments

Norwest, a firm backed solely by Wells Fargo, has raised a $4 billion fund as it sets out to invest more in AI. This is the eighteenth fund for the 65-year-old multi-stage investment firm, and its largest to date.

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Automechanika Dubai 2026 Closes With Focus on Commercial Freight, EV Training and African Trade

Conversations on the future of the automotive aftermarket continued at Automechanika Dubai, the largest automotive aftermarket event in the Middle East and Africa, with commercial freight, technician training, and trade with Africa the focus of final day programming.

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Elon Musk Says Cybertruck Is Not Unprofitable As Tesla Ends Production For Cybercab

Musk argued the Cybertruck was not unprofitable, and that Tesla was ending production because the “opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.”

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What Happens When AI Operates Effectively at Scale Across a Company?

Even if an AI model could identify available carriers, compare rates, and recommend the most cost-effective option, its recommendation is useless if it doesn’t understand delivery constraints, a carrier’s preference, or a customer’s specific requirements.

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Oando Accelerates Nigeria’s Electric Transport Revolution

Oando Advances Electric Transport Rollout, Targets Wider Adoption Across Nigeria The new buses are expected to enter service in the fourth quarter of 2026, with LAMATA operating them on behalf of the Lagos State Government.

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How to Develop Young Players Into Future Stars in Football Manager 27

Building a successful football club is not only about signing established superstars. Developing young players into first-team regulars can be one of the most rewarding experiences in Football Manager 27. A talented youth prospect can eventually become the foundation of your squad, helping your club remain competitive for multiple seasons.

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Proximal Ventures Closes Debut Fund to Invest in Startups Bringing AI to Drug Development

Proximal plans to invest in pre-seed and seed-stage startups, writing checks from $500,000 to $1.5 million. The firm has already backed seven startups, including ChronicleBio, co-founded by former OpenAI executive Fidji Simo

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MENA Family Law Reform Gains Momentum as Countries Review Women's Rights

Efforts to reform discriminatory family laws are gaining momentum across the Middle East and North Africa (MENA), with countries reviewing existing laws, considering legislative proposals or adopting reforms to strengthen women's rights in marriage, divorce, child custody and inheritance.

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Spot Hidden Cyber Threats Before They Spread

Recent investigations into cyber-espionage groups show that attackers increasingly avoid detectable malware, choosing instead to blend into legitimate corporate network traffic

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AWF Geospatial Leaders Fellowship 2027 Cohort Applications

The African Wildlife Foundation is seeking six professionals for this fully funded, 10-month fellowship, running from March to December 2027. Through technical training, leadership development, mentorship and applied projects

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