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

Mobility Fintech Company Moove Valuation Hits $2.1 Billion

Mobility fintech company Moove has successfully raised $250 million in a Series C funding round, achieving a valuation of $2.1 billion and officially entering the coveted unicorn club.

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Egyptian Actor Asser Yassin Adds Fashion to His List of Creative Ventures

Egyptian actor Asser Yassin has added fashion to his growing list of creative ventures with the launch of ASH, a new contemporary menswear label co-founded alongside friends Islam Yassin and Seif Shimy.

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IHS Shareholders Approve MTN Takeover

IHS Holding Limited shareholders have approved MTN Group’s proposed acquisition of the remaining shares in the tower infrastructure company, clearing a major milestone in the transaction.

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Robinhood Venture Fund II (RVII) to Become a Publicly Traded Fund on August 13 2026

Robinhood Venture Fund II (RVII) is expected to become a publicly traded fund on August 13 at an opening price of $25 per share. The fund intends to raise as much as $200 million, Reuters reports, and use that money to invest in startups

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Stablecoin Infrastructure Company Yellow Card Secures $40 Million Strategic Funding Round

Yellow Card, the Africa-founded stablecoin infrastructure company, has closed a $40m strategic funding round backed by Standard Chartered’s venture arm and Sony’s innovation fund, capital it plans to use to extend its dollar-denominated business accounts

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Payments Infrastructure Company Moment Closes $22 Million Series A Funding to Scale its Collection and Billing Platform

Payments infrastructure company Moment has raised $22m in Series A funding, capital it will use to scale its collection and billing platform for enterprise merchants across Africa. The round was led by AlphaCode Venture Partners

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Walmart Completes Its Acquisition of TV Advertising Platform Vibe.co

Walmart announced on Tuesday that it has completed its acquisition of self-service streaming TV advertising platform Vibe.co. The acquisition, which was announced in June, brings Vibe.co into Walmart Connect, the retailer’s connected TV advertising platform.

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Hackers are in the Midst of a Massive Theft of Cryptocurrency

Hackers are in the midst of a massive theft of cryptocurrency from supposedly secure offline hardware wallets, according to blockchain security firms monitoring the heists.

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Nigeria Revenue Service Makes Tax ID Mandatory for New Crypto Account Activations

he Nigeria Revenue Service (NRS) has directed Virtual Asset Service Providers (VASPs) and peer-to-peer (P2P) escrow operators to make a valid Tax Identification Number (Tax ID) a mandatory requirement

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Base Power Latest Funding Round Values the Company at a $13 Billion Post-Money Valuation

The Series D values the company at a $13 billion post-money valuation. Base Power is installing about 100 batteries per day, according to The Wall Street Journal report, and it hopes to double that by the end of the year

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Dimension Data Limited Raises $2.9 Million for Its Fibre Infrastructure

Speaking at the ceremony, Olugbenga Olabiyi, Managing Director of Dimension Data Limited, said the investment reflects the company’s long-term commitment to strengthening Nigeria’s digital economy.

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