From left: Lucas Johnson-Barker and Jurgen Stroebel (representatives from 3CV), Timothy Treagus, CEO and co-founder of Yazi, and Mzwandile Sotsaka, CTO and co-founder of Yazi. AI-native research platform Yazi has raised its first institutional funding round from early-stage venture firm 3 Capital Ventures (3CV) at a pre-money valuation of R30 million. Founded in Cape Town…
Orca Fraud has raised $2.35 million in seed funding to expand its real-time fraud monitoring platform across Africa and other emerging markets. The round was led by Norrsken22 with participation from OneDayYes, Enza Capital and CV VC Africa. Founded by Thalia Pillay and Carla Wilby, the company provides software that monitors financial transactions in real…
Addis Ababa — The African Union Commission (AUC) has voiced deep concern over the rising tensions in the Persian Gulf, warning that recent incidents targeting key infrastructure could threaten regional stability and disrupt the global economy. Chairperson of the Commission, Mahmoud Ali Youssouf, said the AUC is closely monitoring developments in the Gulf as a…
Weego, a Moroccan-Senegalese mobility startup, raised $1.1 million in a funding round led by Azur Innovation Fund to expand its transport platform across Africa. The company operates a mobility-as-a-service application that integrates different transport options into one interface. Users can access public transit, ride-hailing and other services through the platform. Weego was founded in 2020…
Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…
Kenya-based electric mobility company Spiro has secured $50 million in new funding to expand its battery-swapping network and electric two-wheeler operations across Africa. The round includes debt financing from Afreximbank and participation from Nithio and Africa Go Green Fund, managed by Cygnum Capital. It follows a $100 million raise announced last year. Spiro operates assembly…
Africa’s electric mobility leader and battery swapping pioneer, Spiro has announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment. The…
Last week’s handover of the $5billion African Energy Bank Headquarters in Abuja, represents a significant milestone and historic match to energy security and sustainability in Africa. Besides, the June date for the commencement of the ambitious project marks the changing phase of the African oil and gas industry as well as a bold statement to…
Peter Gondo (with a microphone) a consultant at SKYPEG Consulting Ltd, speaking during a discussion session at the Zámba Heritage Congress in Nairobi, Kenya. PHOTO/FSC. By PATRICK MAYOYO [email protected] Investment in Africa’s forests remains well below necessary levels, impeding crucial conservation efforts and exacerbating the risks of deforestation, a leading forestry expert has said. Peter…
Nairobi — Nigeria’s latest fintech policy push is sending ripples across Africa’s digital finance ecosystem, with potential implications for Kenya’s fast-maturing mobile money and fintech market that has long been anchored by M-Pesa, regulatory sandboxes and a growing startup scene. The Central Bank of Nigeria (CBN) has unveiled its Policy Insight Series 2025: Shaping the…
