African Startups Defy Odds: April 2025 Funding Surge Hits $343M
African startups raised $343 million across 30+ deals in April 2025, marking a 43% year-on-year increase and signalling a resilient
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Summit Africa Launches New Fund with $20m Anchor Investment
South African investment firm Summit Africa launched its new fund the Summit’s Private Equity Fund II (SPEF II). The
Sinch and Huge NXTGN Partner To Drive South Africa’s MVNO Market
Local telecoms company Huge NXTGN has partnered with digital communications company Sinch to provide businesses in South Africa with digital
China’s Baidu Launches Two New AI Models as Competition Within China’s AI Sector Intensifies
Chinese tech company Baidu announced yesterday the launch of two new artificial intelligence (AI) models as it tries to keep
Microsoft Invests R5.4 billion to Support South Africa’s Digital Transformation
Tech giant Microsoft announced plans to spend R5.4 billion by 2027 in an effort to expand its Cloud and
South Africa to Invest R1 Billion in Local EV Production
South Africa will spend R1 billion in support of the local production of new-energy vehicles and batteries, as well as
Vetro Launches Global Business Award to Drive African Startup Growth
Fintech company VetroFX (Vetro) announced the launch of its Global Business Award, designed to help early-stage startups expand beyond local
VC Firm Equator Closes $55M Fund to Drive Private Capital to African Climate Tech
African-based venture capital firm Equator raised $55 million for its first fund which will work to back early-stage climate tech
Kholo Capital Closes Funding Round of R1.4 Billion
Kholo Capital reached a final close of R1.4 billion in commitments for its Mezzanine Debt Fund. The money raised
Sensor Networks Partners with Ariston to Launch Smart Geysers in South Africa
Smart home solutions provider Sensor Networks (Sensor) has announced a partnership with global heating and water heating specialist Ariston to
EIB Global Invests $75 million in Helios Fund V
The European Investment Bank (EIB Global) has invested $75 million in Helios Investors V (Helios Fund V). The investment will
Flow48 Secures $25 million in pre-Series A Funding Round
Flow48 Secures $25 million in pre-Series A Funding Round UAE-based fintech Flow48 has secured $25 million in pre-Series A funding
Lesaka Technologies Completes R507 Million Acquisition
South African fintech company, Lesaka Technologies (Lesaka) has completed the acquisition of Recharger. The purchase was completed for R507 million