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

Backed by Mbappé, French Insurer Alan Buys Senegal's Tanel to Enter Africa

The French digital health insurer Alan, whose backers include football star Kylian Mbappé and technology investor Prosus, has acquired Senegalese digital health coverage provider Tanel, marking the company’s first expansion into Africa

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Uber Winding Down Its Ride-Hailing Operations in Nigeria

Uber Technologies is winding down its ride-hailing operations in Nigeria, marking the end of a 12-year presence in West Africa’s largest market.

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Askya Investment Partners Launches Askya AI Growth Platform

Askya Investment Partners, an African venture capital firm, has announced the launch of the Askya AI Growth Platform, a pan-African programme to scale artificial intelligence startups into enduring, continental-scale enterprises.

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China Willing to Work With Countries in the Middle East to Protect Shipping

Chinese President Xi Jinping said Wednesday that his country was willing to work with countries in the Middle East to protect shipping, Beijing’s state media said, as the US-Iran war upends maritime logistics from the region

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President Trump Suggests Renaming the Strait of Hormuz as “Trump Strait”

US President Donald Trump on Wednesday suggested renaming the Strait of Hormuz as “Trump Strait” despite the fact that the crucial waterway remains contested amid the war with Iran.

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X Creator Payouts Now Paid Through X Money in U.S

Elon Musk’s social network X on Wednesday said that starting today, all of its U.S. creator payouts will be handled through X Money, the app’s payments service.

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Adobe Acquires India-Based Marketing Intelligence Startup Rilo

Adobe has acquired India-based marketing intelligence startup Rilo in a deal involving licensing and team acquisition

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U.S. Embassy in Abuja Will Continue to Process Diplomatic and Official Visas

The U.S. Embassy in Abuja will continue to process diplomatic and official visas for eligible applicants, including A, G and C visa categories.

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Central Bank of Nigeria to Sell T-Bills September 3 2026

The Central Bank of Nigeria (CBN), on behalf of the Debt Management Office (DMO), will offer N700 billion across the 91-day, 182-day and 364-day Treasury Bills tenors at its first Nigerian Treasury Bills (NTB) auction for September 2026.

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DIV Fund Programme is Open to Innovation Across Multiple Sectors

The DIV Fund programme is open to innovations across multiple sectors, including health, agriculture, education, climate, and livelihoods. This flexibility allows a wide range of solutions addressing social and economic challenges to qualify.

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Deep-Tech Aerospace Startup Alteon Bags $2.5 Million Pre-Seed Funding Round

Deep-tech aerospace startup Alteon has raised $2.5 million in a pre-seed funding round led by Lachy Groom, with participation from Together Fund.

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upGrad Acquires Unacademy

Unacademy, once one of India’s most valuable edtech startups, has been acquired by rival upGrad at a valuation of just over $200 million, about 94% less than its 2021 peak valuation.

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