Justina Salami

Moove hits $2.1 billion valuation as it raises $250 million Series C 

Moove, the Lagos-born mobility fintech, has raised $250 million in a Series C round, valuing the company at $2.1 billion. This confirms Moove's long-anticipated unicorn status.

PalmPay eyes Hong Kong IPO, joining OPay in Africa’s fintech listing race

PalmPay, the Africa-focused fintech, is reportedly preparing for an initial public offering in Hong Kong, according to Bloomberg.

Ex-Airtel Money Kenya chief joins Visa  as East Africa head

Anne Kinuthia-Otieno has been appointed by Visa as vice president and head of East Africa following her departure from Airtel Money Kenya.

Rentoza enters business rescue despite raising $7.3 million

South Africa's Rentoza enters into a voluntary business rescue after about 12 months of struggle despite over $7 million in funding

Nigeria’s Dimension Data raises $2.9m to expand fibre network

Dimension Data Limited, a Nigerian technology infrastructure provider, has raised $2.9 million to expand its fibre infrastructure.

For Africa’s female climate tech founders, grants remain the dominant source of capital

Despite funding advocacy, climate tech female-led startups struggle to raise equity and continue to rely on grants.

Stablecoins are faster and cheaper but not yet frictionless 

Stablecoins are reshaping cross-border payments for Africa. Analysis of the challenges, fraud, fees and what the future holds.

Three Ghanaian startups get $500k from Village Capital 

Village Capital has deployed $500,000 from the Africa Ecosystem Catalysts Facility into Built Financial Technologies, GrowForMe and SAYeTECH.

Vercel acquires Stakpak, its second African acquisition in a month

Vercel acquires another African startup, Stakpak in its bid to build an infrastructure layer for AI-powered software.

Uganda strengthens cybersecurity defense with updated framework

After a security breach in 2024, Uganda has upgraded it's cybersecurity framework to ensure protection of state infrastructure.

Why Spiro is partnering with Kenya’s most successful football club

Spiro Kenya has signed a one-year partnership agreement with Gor Mahia Football Club. Discover what it reveals about Africa's startup ecosystem.

South Africa’s Cue raises $5 million to expand its  AI service agents

Cape Town founded Cue has secured it's largest funding yet. It was co-led by Knife Capital and FAM investments.