Funding - eriinfo

Africa’s Business Heroes launches 8th edition with .5m in funding available for African entrepreneurs

Africa’s Business Heroes launches 8th edition with $1.5m in funding available for African entrepreneurs

eriinfo.com3 hours ago08 mins

Partner content: Africa’s Business Heroes Africa’s Business Heroes (ABH), the flagship philanthropic initiative of Alibaba Philanthropy and the Jack Ma Foundation, has opened applications for its 8th edition, calling on African entrepreneurs who are building businesses defining the continent’s future. Launched under the theme “Defining Africa’s Future Today”, the 2026 edition reinforces ABH’s role as a…

Africa

Africa: Female Representation Falls As African Tech Funding Rebounds

eriinfo.com2 days ago03 mins

Gender diversity declined in African tech funding in 2025 even as total investment volumes recovered, according to the latest African Tech Startups Funding Report by Disrupt Africa. A total of 178 startups raised $1.64 billion during the year. While the number of funded ventures dipped slightly, total funding increased 46.2% compared to 2024. Only 30…

OpenAI secures 0-billion valuation in latest funding round

OpenAI secures $840-billion valuation in latest funding round

eriinfo.com4 days ago08 mins

Image: Jernej Furman OpenAI’s latest funding round valued the ChatGPT maker at US$840-billion as Big Tech and Masayoshi Son’s SoftBank piled into the $110-billion blockbuster round, signalling the AI investment race is alive and well despite recent fears of a valuation bubble. The funding round — one of the largest private capital raises on record…

SA powers Africa’s .64bn tech funding rebound

SA powers Africa’s $1.64bn tech funding rebound

eriinfo.com5 days ago07 mins

SA is one of the biggest beneficiaries of the start-up funding recovery, raising $335.9 million. (Image created via ChatGPT) South Africa emerged as one of the biggest beneficiaries of Africa’s tech start-up funding rebound in 2025, as total capital raised across the continent surged 46.2% year-on-year to $1.64 billion. This is according to the latest…

Liquid secures nearly R10-billion in new funding

eriinfo.com5 days ago03 mins

Liquid Intelligent Technologies has secured US$410-million (R6.5-billion) in new financing from a consortium of commercial development finance institutions, according to a Thursday statement. Liquid’s parent company Cassava Technologies has simultaneously committed to a $195-million (R3.1-billion) capital injection into Liquid, bringing the total new funding to R9.6-billion. The news follows the full repayment by Liquid of…

Africa

Africa: Too Little, Too Concentrated – Why AI Start-up Funding in Africa Needs Rethinking

eriinfo.com2 weeks ago015 mins

One year after the AI Summit in Paris, the international community will meet again this week in New Delhi for the Global Summit on Artificial Intelligence, whose objective will notably be to support the diffusion of AI uses in developing countries. In Africa, AI and Tech investment remains concentrated in the “Big Four” – South…

SA film industry to get funding boost and digital overhaul after outcry

eriinfo.com2 weeks ago05 mins

The trade, industry & competition department has announced a number of measures to help South Africa’s ailing film and television industry, including raising funds and implementing an automated system to reduce processing time and improve effectiveness for financing. Minister Parks Tau and deputy minister Zuko Godlimpi briefed parliament on Tuesday on the department’s plans. This…

Africa

Africa: France Cuts Funding for Global Fund to Fight Aids, TB and Malaria By More Than Half

eriinfo.com3 weeks ago04 mins

France cut its contribution to the Global Fund to Fight AIDS, Tuberculosis and Malaria by 58 percent on Thursday, confirming a major reduction in funding that health organisations warn will cost lives. After months of uncertainty, the government said its pledge for the 2026-2028 cycle will fall from €1.6 billion in the previous funding period…

Africa

Africa: Kenya Leads Africa With 50 Startup Funding Deals

eriinfo.com3 weeks ago03 mins

Nairobi — Kenyan startups secured 50 funding deals last year, the highest in Africa, according to the latest Germany-Africa Investment Report covering 2015-2025. The report by the Africa Investment Bridge initiative shows Nigeria followed with 34 deals, Tanzania with 24, South Africa 19 and Ghana 17, reinforcing Nairobi’s position as East Africa’s leading innovation hub….

African Tech Funding Rises to .1b in 2025 As Debt Takes Larger Role

African Tech Funding Rises to $4.1b in 2025 As Debt Takes Larger Role

eriinfo.com1 month ago03 mins

African tech startups raised US$4.1 billion in 2025, up 25% from a year earlier, marking the strongest funding year since 2022, according to Partech’s annual Africa Tech Venture Capital Report released January 22, 2026. Equity funding reached US$2.4 billion, an 8% increase year on year, across 462 deals. Debt financing climbed to a record US$1.6…