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Global tech, startups & capital — covered for Africans.

442 stories in the archive · page 4 of 22

News

Reflecting on 2024: Key Takeaways For the African Startup Ecosystem

As 2024 comes to a close, we look back on a year marked by global economic upheaval resulting from inflation, widespread market volatility, and a general slowdown in business investments. The global startup ecosystem felt the impact of the global economic drawback with African startups facing particularly tough challenges. Basically, 2024 gave us a reality […]

AU-Startups·11/15/2024

DALL·E 2024-10-26 13.24.28 – A dynamic cover image for an article on African innovation and tech investments. The image shows a vibrant, stylized map of Africa with digital and te

News

Investor Insights: Who’s Funding African Innovation?

The African tech ecosystem has experienced unprecedented growth over the past decade. What was once seen as an emerging market is now firmly positioned as a hotbed of innovation, attracting a diverse range of investors from around the world. Startups across sectors such as fintech, health tech, agtech, logistics, mobility solutions, and edtech are addressing […]

AU-Startups·10/26/2024

Ecosystem Insider

Issue #132: Zepz $267m raise, alongside other significant deals

The last two weeks have seen a flurry of activities in the African startup funding scenes. Most notably, Zepz, formally known as WorldRemit secured a whopping $267 million in a series F funding round. Several other companies including Winich Farms, TUNL, Amaka Studio, Waribei, Scale, Littlefish, WiASSURE, and Dexude also raised funding from numerous investors. […]

AU-Startups·10/14/2024

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Ecosystem Insider

Issue #138: Khazna and Others Kick Off February with Impressive Fundraising Wins

As we enter February, the African startup ecosystem continues to gain momentum, with multiple startups securing investments to scale their operations and drive innovation. This week’s funding activities featured notable names such as fintech company Khazna and CNC manufacturing startup Simplex. We also recorded a venture capital expansion round this week with Foundation Ventures, which […]

AU-Startups·2/7/2025

AU-Startups Watchlist

Ecosystem Movers: Eight Startups Making a Significant Difference in Africa

Several African startups have in the previous few years demonstrated remarkable innovation in addressing the continent’s most pressing challenges, from energy access and healthcare to financial inclusion and sustainable transportation. These companies were not only raising funds off the back of empty promises and shallow remedies, they were creating effective solutions to real problems. Thanks […]

AU-Startups·2/4/2025

E-commerce

Issue #137: African Startups Continue Impressive Funding Momentum

The African startup ecosystem continues its impressive momentum as the first month of the year rounds up. Eight startup companies across the continent announced substantial funding rounds over the course of the week, bringing the total deals registered in the month to twenty-five. Additionally, two companies that raised funds recently have begun implementing their expansion […]

AU-Startups·1/31/2025

Learn

Why Storytelling is Key for Startup Success

In a world where attention is limited, startups that master storytelling stand out. A compelling story captivates customers, attracts investors, and builds a loyal community. Your startup’s story is not just about what you do—it’s about why you do it and how it impacts people. In this guide, we’ll break down why storytelling is a […]

AU-Startups·1/30/2025

Learn

How to Validate Your Business Idea Quickly and Effectively

Bringing a business idea to life is exciting, but before investing time and money, you must ensure it has real potential. Validation helps you confirm demand, understand your market, and reduce risks before fully committing. Here’s how to validate your business idea quickly and effectively. 1. Define the Problem You’re Solving Before testing an idea, […]

AU-Startups·1/30/2025

Unicorn Watch

African Soonicorns: Top African Startups That Could Become Unicorns in 2025

The African tech industry has only produced nine unicorns to date. Despite massive growth in funding and investment support from internal and external sources over the years, only a handful of companies have crossed the highly coveted $1 billion valuation mark. Admittedly, various factors influence the ability of African tech companies to reach this status. […]

AU-Startups·1/28/2025

Startup Basics

10 Steps to Find Investors for First-time African Startup Founders

Finding the perfect investor for your startup can be a game-changer, especially if you’re a first-time founder in Africa. Securing funding isn’t just about the money; it’s about finding a partner who believes in your vision, complements your skills, and adds value to your journey. This guide will help African founders, from first-timers to seasoned […]

AU-Startups·1/26/2025

AgriTech

Issue #136: African Startups Win Big in Funding for Second Consecutive Week in January

While it’s still early days, the African startup ecosystem seems set to experience a remarkable resurgence in 2025. Just this week, there were 11 announced funding deals across Africa. The early signs are encouraging and provide a good reason to believe this would be an amazing year for emerging tech solutions in Africa. As the […]

AU-Startups·1/24/2025

researchers-looking-alternative-energy-souces

AU-Startups Watchlist

Is Climate Tech the Next Biggest Thing in Africa?

Africa is one of the leading continents in conversations about the effects of climate change on the environment and solutions to reverse the damage. But beyond discussions, Africa is actively working to tackle these issues. Its climate tech industry is rapidly growing into an innovation hub brimming with talent and ideas, delivering remarkable solutions to […]

AU-Startups·1/21/2025

Artificial Intelligence

A Tale of Two Visions: Comparing Kenya’s and Nigeria’s National AI Strategies

As Africa emerges as a hub for technological innovation, Kenya and Nigeria have positioned themselves at the forefront of artificial intelligence (AI) development. Both countries recently unveiled their national AI strategies—Kenya’s for 2025–2030 and Nigeria’s for 2024–2028. While these strategies share similarities in their ambitions to leverage AI for socio-economic growth and technological leadership, their […]

AU-Startups·1/18/2025

Artificial Intelligence

Summarising Kenya’s Bold Vision for AI Leadership in Africa

Kenya has launched a visionary National Artificial Intelligence Strategy (2025–2030), cementing its ambition to be at the forefront of AI development in Africa. This strategy aligns with the country’s broader developmental goals, emphasising sustainable growth, inclusivity, and the ethical use of technology to address societal challenges. From revolutionising agriculture and healthcare to transforming public services, […]

AU-Startups·1/18/2025

Ecosystem Insider

Issue #135: Breaking Down the First Funding Rounds of 2025

The African tech ecosystem seemed to have taken a funding break for the first fourteen days of the year but then resumed activities with a bang as six new major funding deals were announced in just two days.The first and biggest funding beneficiary this week is Nigerian fintech company Lemfi, which raised $53 million. The […]

AU-Startups·1/17/2025

Artificial Intelligence

OpenAI Launches “Tasks” in ChatGPT: A New Era for Digital Assistants

OpenAI is taking a significant leap forward by introducing a new beta feature called Tasks to ChatGPT. This feature allows users to schedule future actions and reminders, transforming ChatGPT into a more versatile digital assistant. Available to Plus, Team, and Pro subscribers, Tasks represents OpenAI’s push into functionality traditionally dominated by Google Assistant and Siri, […]

AU-Startups·1/14/2025

Artificial Intelligence

Adebayo Ogunlesi Joins OpenAI’s Board of Directors, Bringing Global Expertise to Advance AGI

OpenAI has announced the appointment of Adebayo “Bayo” Ogunlesi to its Board of Directors, a move that underscores its commitment to advancing Artificial General Intelligence (AGI) responsibly while leveraging diverse global expertise. Mr. Ogunlesi, the Founding Partner, Chairman, and Chief Executive Officer of Global Infrastructure Partners (GIP)—a leading infrastructure investment firm—and a Senior Managing Director […]

AU-Startups·1/14/2025

Resources

Why AWS Accepting Payments in Naira (NGN) and other Local Currencies is a Game-Changer for African Startups

On January 13, 2025, AWS made a groundbreaking announcement: businesses in emerging markets can now pay for their services in eight additional local currencies, including the Nigerian Naira (NGN), Chilean Peso (CLP), and Egyptian Pound (EGP). This development isn’t just about convenience—it’s a lifeline for startups in regions like Africa, where the burden of dollarized […]

AU-Startups·1/14/2025

Learn

Cracking the Code: The Top Factors Behind Startup Success

In the fast-paced world of startups, the difference between wild success and dismal failure can seem elusive. Entrepreneurs pour their hearts, minds, and resources into their ventures, yet statistics show that the majority of startups fail within the first few years. What separates the winners from the rest? Bill Gross, a seasoned entrepreneur and founder […]

AU-Startups·1/13/2025

Ecosystem Insider

Issue #134: Billboxx Raises $1.6M, Eyone Secures $1M, and REPP 2 Fund Hits $107M for African Energy Transition

Last week, African startups and investors witnessed significant funding milestones, showcasing the ecosystem’s resilience and growth potential. From Nigeria’s Billboxx securing $1.6M to Senegal’s Eyone raising $1M for healthcare solutions to the REPP 2 Fund’s remarkable $107M first close, these developments signal a strong trajectory for innovation and impact-driven ventures across the continent. Here’s a […]

AU-Startups·12/13/2024

Ecosystem Insider

Issue #133: LAfricaMobile Secures $2.2M Series A Extension, While Hydrobox Lands $9M

The past week has been eventful for the African startup funding scene, with several innovative companies securing significant investments to scale their operations and expand their impact. Notable among these are Hydrobox, which raised $9 million to drive sustainable energy solutions, and HUB2, securing $8.5 million to enhance financial infrastructure in Africa. Other startups like […]

AU-Startups·12/6/2024