Author: Fred Kennedy
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AfDB Approves $2.8 Million Grant to Boost Private Sector Competitiveness in West Africa’s WAEMU Bloc
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.
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Acumen Backs Ugandan Agribusiness Omia to Expand Support for Smallholder Farmers
Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.
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South Africa’s AI Diagnostics Raises $5.2M to Expand AI-Powered TB Screening Tools
Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.
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Zazu and Visa Partner to Roll Out Morocco’s First Fully Online Business Account for SMEs
Pan-African fintech startup Zazu has entered a new phase of its expansion with the launch of a fully digital business banking solution in Morocco, developed in partnership with global payments company Visa.
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African Startups Raise $705 Million in Q1 2026 as Investment Expands Beyond Traditional Hubs
African startups attracted an estimated $705 million in funding during the first quarter of 2026, spread across 59 disclosed deals in 14 countries.
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PowerLabs Secures Pre-Seed Funding to Tackle Nigeria’s Persistent Energy Challenges
PowerLabs, a Nigerian energy and climate technology startup, has raised pre-seed funding in a round led by venture firm Breega, with additional backing from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.
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Halcyon Selects 16 Founders from 10 African Startups for Climate and Food Security Program
Sixteen African startups focused on climate and agriculture solutions have been selected for Halcyon’s Climate Resilience and Food Security program.
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South Africa’s Refiant AI Raises $5 Million to Tackle the Rising Energy Cost of Artificial Intelligence
South Africa-founded startup, Refiant AI, has secured $5 million in seed funding as it looks to reshape how artificial intelligence systems are built and deployed.
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Endeavor South Africa Secures $13.6 Million Fund Backed by FirstRand, Standard Bank and Allan Gray to Scale Tech Startups
Endeavor South Africa has secured R230 million (approximately $13.6 million) for its third Harvest Fund aimed at supporting fast-growing technology companies in the country.