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

Nigerian Startup Drive45 Mobility Raises $3 Million Debt Facility from TLG Capital

Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth. Founded in 2021, Drive45 Mobility is transforming access to vehicle ownership

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Egyptian Fintech Startup Zeal Bags $10 Million to Help It Expand Globally

Egyptian fintech startup Zeal has raised US$10 million in funding to help it expand globally. Founded in 2019 by Omar Ebeid and Belal Mohamed, Zeal develops software that integrates with existing payment terminals

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Kenya-Based Spiro Partners China's Yadea to Scale Accessible and Sustainable Electric Transport

Kenya-based Spiro, a leader in two-wheel transportation and battery-swapping, has signed a partnership with Chinese company Yadea, the world’s leading manufacturer of electric two-wheelers, to scale accessible and sustainable electric transport across Africa.

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Geothermal Startup Mazama Energy Closes $135 Million in an Oversubscribed Series B Funding

Geothermal startup Mazama Energy raised $135 million in an oversubscribed Series B, the startup said Thursday. The fresh funding will help the company develop horizontal wells

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Security Researchers Expose Cracks in the ChatGPT-maker’s Defenses

In a twist that captures the strange new state of AI security, independent security researchers have used Anthropic’s Claude to break into OpenAI, exposing cracks in the ChatGPT-maker’s defenses

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Seplat Energy Plc Shares Hit New Record Level on the NGX

Seplat Energy Plc shares have climbed to a new record level on the Nigerian Exchange Limited (NGX), rising 10% in the last 10 days to N14,907.80 from N13,552.60.

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Aradel, Seplat and Oando Build N2.86 Trillion Cash War Chest in H1 2026

Aradel Holdings, Seplat Energy and Oando Plc built a combined N2.86 trillion cash war chest in the first half of 2026, providing substantial liquidity to support post-acquisition growth and higher production.

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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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