African Business & Economic News
Startup funding, market trends, and economic developments across Africa's growing economies.
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Nigeria • Fintech
2 hours ago
Flutterwave Secures $250M Series D at $3B Valuation
African payments giant reaches unicorn status with new funding round led by Tiger Global, plans expansion to 10 new countries.
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Pan-African • Trade
5 hours ago
AfCFTA Announces Elimination of 90% of Tariffs by 2024
Historic agreement reached to accelerate continental free trade, with immediate focus on agricultural and manufactured goods.
Read MoreBrowse Business News
Latest Business News
Kenya
1 day ago
Andela Raises $100M for African Developer Training Expansion
Tech talent company plans to train 100,000 software engineers across Africa by 2025 with new funding.
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Egypt
2 days ago
Egypt's Inflation Rate Drops to 18-Month Low at 14.3%
Central Bank policies and stabilized currency contribute to improved economic indicators.
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Pan-African
3 days ago
Ecobank Launches Cross-Border Mobile Money Across 33 Countries
New service allows instant transfers between mobile money wallets in different African nations.
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Senegal
4 days ago
$300M Agritech Fund Launched for West African Startups
New initiative backed by AFDB and private investors aims to modernize regional agriculture.
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South Africa
5 days ago
South Africa Approves $2.1B Renewable Energy Projects
New solar and wind farms expected to add 1,200MW to national grid by 2025.
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Nigeria
1 week ago
Jumia Reports 45% Growth in Nigerian E-Commerce
Increased smartphone penetration and logistics improvements drive online shopping surge.
Read MoreRecent Startup Funding
| Startup | Sector | Country | Amount | Round | Investors |
|---|---|---|---|---|---|
| Flutterwave | Fintech | Nigeria |
$250M | Series D | Tiger Global, Salesforce |
| Andela | Edtech | Kenya |
$100M | Series E | SoftBank, Generation |
| M-KOPA | Energy | Kenya |
$75M | Debt Financing | Standard Bank, CDC |
| Yoco | Fintech | South Africa |
$50M | Series C | Dragoneer, Partech |
| Moove | Mobility | Nigeria |
$30M | Series A | Speedinvest, Left Lane |
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