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Presenting our 2023 State of Startup VC Funding in Africa Report

The report, which aims to provide a comprehensive view of the African tech funding ecosystem, reveals that, in line with the global downturn in venture capital funding, the African tech sector saw a significant slowdown in 2023.

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Unlock The Future: State Of Africa Startups Funding 2023

Download our 2023 African Startups Funding Report

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Bboxx moves HQ to Rwanda in Africa-first push

As part of the relocation, Bboxx plans to invest $100 million into the East African country and train some 500 Rwandans in the next five years

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OneWeb gains footing in SA’s satellite internet wars

United Kingdom-based low earth orbit (LEO) satellite communications firm OneWeb is bullish on conquering the South African internet connectivity space

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Breaking: Y Combinator backs only three African startups for 2024 winter batch

For its 2024 winter batch, Y Combinator has selected two Nigerian fintech startups, Cleva and Miden, along with one Kenyan travel tech startup.

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alGROWithm offers scholarships for its Growth Talent Accelerator Program through Digital Africa

For those aspiring to join the ranks of Africa's elite Growth Engineers, alGROWithm's GTAP is not just a program; it's a transformative journey.

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Sony’s $10M African fund makes debut bet on a gaming startup

South African game publisher, Carry1st is Sony's first African investment via its $10 million Sony Innovation Fund for Africa.

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Pade disbursed ₦11.473 billion in salaries for its clients in 2023

In 2023, Pade paid out ₦11.473 billion in salaries for its clients, recording a 41.1% average annual increase. The average salary disbursed was ₦240,000.

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Chinese EV makers vye for front seat in Africa’s electric mobility drive

In a bid to further rival the West's grip on the global electric auto market, China is aggressively exporting its competing EV brands, even to Africa

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Africa’s internet domain space is on a checkered rise

52 countries in the continent now have at least one registrar selling and managing domain names on behalf of individuals or businesses

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Netflix’s $5 billion WWE deal marks its biggest foray into live events

Under the terms of the deal, Netflix will get Monday Night Raw for 10 years, with a chance to end the contract after five.

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Exclusive: Nigerian startup Cova shuts down

Cova, a Nigerian wealthtech startup that enables users to track their assets in one place, is shutting down.

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