African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
Key Developments
Critical business developments shaping Africa’s economic future
Trending News
Mastercard Foundation Launches Agribusiness Challenge to Empower SMEs in Africa
The Mastercard Foundation Fund for Resilience and Prosperity is offering a new opportunity for SMEs in the agricultural sector across Sub-Saharan Africa.
South Africa’s Eastgate Shopping Centre Unveils Africa’s Largest Rooftop Solar Installation
Eastgate Shopping Centre is set to become the proud owner of Africa’s largest registered rooftop solar installation. The final phase of the project is expected to be completed by the end of the year.
CrossBoundary Energy Raises $50 Million to Accelerate Clean and Reliable Power for African Businesses
Key Developments CrossBoundary Energy Raises $50 Million to Accelerate Clean and Reliable Power for African Businesses | Article CrossBoundary Energy, a leading provider of clean
New Investments
Latest funding rounds and investment opportunities across the continent
IFC Proposes $50 Million Investment in African Renewable Energy Fund UGEAP
The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.
BasiGo unveils revolutionary ‘E9 Kubwa’ electric bus model in Kenya
Kenyan electric vehicle (EV) manufacturer Basigo has introduced its highly anticipated E9 Kubwa electric bus model.
MTN MoMo and Mastercard Announce Partnership to Expand Mobile Money Services in Africa
MTN MoMo, the mobile money arm of MTN Group, and Mastercard have announced a multi-market partnership aimed at expanding access to digital financial services across Africa.
Senegal gets $50 million from World Bank to digitize its healthcare system
The investment aims to modernize healthcare services, improve access to quality care, and foster digital transformation in the country’s healthcare sector.
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