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

Niteon Wins UN Sustainable Enterprise Accelerator Fund

Niteon confirmed it has been selected for a $400k in funding from the UNSEAF a result that founder and CEO Tony Nwose says validates a thesis he’s been building toward for years: that Africa’s trade infrastructure doesn’t need to be imported

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African Startups Invited to Apply for the Next Wave Fund

African startups are invited to apply for the Next Wave Fund, which supports early-stage tech startups and small businesses building bold new ideas across hardware, software, gaming, and connected technology.

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Algeria Breaks Diplomatic Relations With UAE - What We Know

Algeria on Thursday severed diplomatic relations with the United Arab Emirates after what it described as the “exhaustion of all means to preserve bilateral ties,” Algerian state media said.

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Brent Crude Spikes to $107 as Middle East Tensions Fuel Supply Fears

Brent oil spiked to $107 a barrel, before paring some gains, as rising tensions in the Middle East heightened concerns over global supplies.

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Elon Musk’s The Boring Company Closes $3 Billion Series D Funding Round

Elon Musk’s tunneling company, The Boring Company, has raised a $3 billion Series D funding round that pushes its valuation to $23 billion. The round was led by the United Arab Emirates.

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Google to Buy Carbon Credits from Indian Climate-Tech Startup Mitti Labs

Google has agreed to buy 1 million carbon credits from Indian climate-tech startup Mitti Labs through 2030, in what the companies say is the largest publicly announced deal to date for credits generated

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TronZap Unveils New Combined TRON Energy and Bandwidth Packages for Cheaper Transactions

Automated network utility service TronZap has announced the official launch of combined Energy and Bandwidth packages designed to optimize TRON network transactions.

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Kenyan Electric Mobility Company Arc Ride Secures Funding to Expand Its Battery-Swapping Network

Kenyan electric mobility company Arc Ride has raised $33.3m in a funding round led by Novastar Ventures and Norrsken22, capital it will use to expand its battery-swapping network across sub-Saharan Africa and enter the South African market.

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French AI Lab Mistral AI Raises €3 Billion at a Post-Money Valuation of More than €21 Billion

French AI lab Mistral AI on Tuesday said it has raised €3 billion (about $3.58 billion) at a post-money valuation of more than €21 billion (about $24.39 billion), confirming earlier rumors.

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Ugandan Startup SANDI AI Wins GoGettaz Agripreneur Prize 2026

Ugandan artificial intelligence (AI) startup SANDI AI Technologies has emerged Grand Prize winner of the GoGettaz Agripreneur Prize 2026, receiving US$50,000 in growth funding for its innovative approach to improving access to finance for farmers across Africa.

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Harvard Environmental Fellows Program 2027

Applications are now open for the Harvard Environmental Fellows Program 2027, a two-year fellowship for recent doctorate recipients interested in advancing environmental research in collaboration with Harvard faculty.

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Nigerian Startups Trade Lenda and AirSmat Secure Funding from Africa Ecosystem Catalysts Facility

Nigerian startups Trade Lenda and AirSmat have raised a combined US$450,000 from the Africa Ecosystem Catalysts Facility, a US$4 million pilot investment facility aimed at identifying founders often overlooked by traditional investors

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