LekkeSlaap co-founders Jonathan Womersley and Marcel van de Ghinste have exited the business LekkeSlaap, the South African accommodation booking platform and rival to Airbnb, has been sold to a consortium of local investors that includes the Dippenaar and Ferreira family offices and Investec. Co-founders Jonathan Womersley and Marcel van de Ghinste have exited the business….
Injini, supported by funder Coefficient Giving, has launched an eight-month AI for Education Venture Builder and Incubation Programme. The initiative helps pre-formed teams take early-stage AI edtech ideas through development to launch market-ready startups. The programme, which seeks to address persistent educational barriers, will test AI tools directly in African classrooms to evaluate their practical…
Tanel co-founders Makhtar Diop (left) and Mouhamed Ndoye Alan, the French health insurance company with footballer Kylian Mbappé as an investor, today announced the completion of its acquisition of Tanel, a Senegal-based digital health company founded in 2021 by Mouhamed Ndoye and Makhtar Diop. The transaction also provides an exit for Tanel’s founders and investors,…
Cascador has opened applications for its 2026 ScaleUp program, targeting growth-stage founders building businesses across the continent. The program will select 12 founders leading companies with proven traction. Participants will receive 12 weeks of training, including one-on-one support from investors, industry experts, and strategic partners. Cascador said the initiative focuses on leadership development and strategy,…
Man and woman having a small business meeting in smart casual clothes Ippei Naoi | Moment | Getty Images One successful angel investor has revealed two red flags that prevent him from investing in a founder in the first meeting. Carles Reina is an angel investor who backed voice cloning AI startup Eleven Labs when…
“Angel investing isn’t only about money — it’s about opening doors and expanding networks.”– Andia Chakava, Managing Partner, Afrishela Fund On 19 June 2025, angel investors–ranging from first-time backers to seasoned investors–gathered at 22OnSloane in Johannesburg, Africa’s largest startup campus, for the 12th Angel Fair Africa, popularly known as the AFA@12 Roadshow. Co-hosted by the…
It’s hard to think of a more extraordinary business deal than Facebook’s US$19-billion acquisition of WhatsApp in February 2014. Its creators were outliers. With a lean staff of just a few dozen people, they had no marketing department, no sign on the door and had spent zero cents from their sole investor, Sequoia Capital. But…
From left: Mina Shahid, founder of Numida Technologies; Tesh Mbaabu, co-founder of Chpter and previously MarketForce; and Alexander Odhiambo, co-founder of Solutech Limited Partner content: Africa’s Business Heroes Kenya has long been celebrated for its entrepreneurial spirit, where necessity meets ingenuity and ambition. Nowhere is this more evident than in Nairobi, a city increasingly recognised as…
