African Startups Raise More Than $2 Billion in 2026
African startups have raised more than $2 billion in funding in 2026, excluding exits, according to investment tracker Africa: The Big Deal.
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EIB Proposes $85 Million Investment in Admaius’ $500 Million Virunga Africa Fund II
The European Investment Bank has proposed an investment of approximately $85 million in Virunga Africa Fund II, a pan-African private equity fund managed by Admaius Capital Partners that is targeting $500 million.
Cascador and Sterling Bank Announce $200 Million Fund to Expand Nigerian SME Lending
Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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