Nairobi — The Africa Centres for Disease Control and Prevention (Africa CDC) has raised serious concern over a sharp surge in cholera cases across the continent, with reported infections more than doubling to over 310,000 cases in 2025. In a statement, Africa CDC noted that the outbreak has resulted in nearly 3,000 additional deaths across…
The African Development Bank Group (AfDB) has raised a record $11 billion for the African Development Fund (ADF), which provides low-cost loans to low-income countries to support development projects. This is the largest amount in the Fund’s history, achieved despite cuts in global aid budgets and financial pressures worldwide. The funds, raised from 43 partners…
The acquisition by Netflix of big chunks of Warner Bros Discovery in a US$72-billion megadeal could hardly have come at a worse time for MultiChoice Group. Reuters reported that Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for $83-billion (including debt), a deal that would hand control of one…
South African electrotech startup Plentify has raised an undisclosed Series A round to expand into the U.K., Australia, and Brazil, markets facing growing renewable-energy constraints such as grid congestion and intermittency. The round, which brings Plentify’s total funding to nearly $15 million, includes backing from Secha Capital, Buffet Investments, E3 Capital, Fireball Capital, Endeavor SA’s…
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Video generation startup Luma AI said it raised $900 million in a new funding round led by Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund. The financing, which included participation from Advanced Micro Devices’ venture arm and existing investors Andreessen Horowitz,…
Press Office: MNGRS.AI MNGRS.AI: When Artificial Intelligence Becomes the Artist’s Manager The French startup Global Music Community is developing MNGRS.AI, the first AI-powered artist management service designed to guide creators at every stage of their careers and help them structure their artistic development. MNGRS.AI today announces a $1 million fundraising round from investors across…
As the world marks World Prematurity Day, global health agencies are calling attention to the increasing challenges faced by babies born too soon and the families who care for them. The 2025 theme, “Give preterm babies a strong start for a hopeful future,” aligns with the World Health Organisation’s, WHO, Healthy beginnings, hopeful futures campaign,…
Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion). The stock…
Ventures Platform, one of Africa’s most active early-stage venture capital firms, has raised $64 million so far for its second fund, with a final close target of $75 million, according to founding partner Kola Aina. The raise includes participation from the Nigerian government through its Investment in Digital and Creative Enterprises (iDICE) program — marking…
Bending Spoons, one of Europe’s leading technology companies, today announced it has raised $710 million in equity at a pre-money valuation of $11 billion. The round was led by accounts advised by T. Rowe Price Investment Management, Inc., with participation from Baillie Gifford, Cox Enterprises, Durable Capital Partners, Fidelity Management & Research Company, Foxhaven Asset…
