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

Absa Introduces a New Grant-Funded Initiative to Support Young South Africans

Absa has introduced a new grant-funded initiative aimed at helping young South Africans turn business ideas into functioning, job-creating enterprises. The Absa Youth Entrepreneurship Fund

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Antony Mlelwa Champions Responsible Crypto Adoption Across Africa

​“I do not measure adoption by how many people can purchase a digital asset. I measure it by how many people can explain what they own, why they own it, what risks they are accepting and how they intend to protect themselves.” – Antony Mlelwa

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Argentina’s Central Bank Authorizes Salary Payments in Dollars

Argentina is advancing to a multi-currency-friendly financial model, with the Central Bank opening the doors for employers to pay wages in U.S. dollars.

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Why Choose Tamron Arabia for Spot UV?

UV printing on fabric is one of the most prominent modern applications that combines the quality of digital printing with the flexibility of textile materials

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Pepkor Holdings to Merge Its Fintech Subsidiary Flash With Payments Platform Shop2Shop

South African retailer Pepkor Holdings is to merge its fintech subsidiary Flash with payments platform Shop2Shop, creating a merchant commerce and financial technology company that it plans to list separately

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U.S. State Department Reminds Dual Nationals: You Must Enter and Exit the U.S. on Your U.S. Passport

U.S. citizens living abroad and dual nationals are being reminded that federal law requires them to enter and depart the United States on a valid U.S. passport — a rule that applies to all ages, including children.

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Elon Musk’s Tunneling Startup The Boring Company to Raise a $4 Billion Funding

Elon Musk’s tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a valuation of $20 billion, according to The Wall Street Journal.

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Dutch Development Bank FMO Commit $30 Million to M-KOPA Kenya Mobility

Dutch development bank FMO has committed $30m in senior debt to M-KOPA Kenya Mobility, the electric motorbike financing unit of African fintech group M-KOPA

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The African Development Bank Approved a €100 Million Loan to Gotion Power Morocco

The African Development Bank has approved a €100 million loan to Gotion Power Morocco to develop an integrated lithium iron phosphate battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone

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Egyptian e-Health Startup Reme-D Secures $1.45 Million Pre-Seed A Funding

Egyptian e-health startup Reme-D has raised US$1.45 million in pre-Series A funding to expand its manufacturing capacity, regional footprint, and diagnostic product portfolio.

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Apply for the Latest Harambeans Cohort

Applications open for the latest cohort of the Harambeans, African innovators who pledge “to work together as one” to unlock the potential of Africa.

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Vercel Acquires Egyptian Startup Stakpak

Egyptian startup Stakpak, the developer of one of the first open-source autonomous DevOps agents, has been acquired by Vercel, a US-based cloud platform valued at US$9.3 billion.

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