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Startups & funding

Every funding round, every investor, every exit worth knowing about. Nigerian and African startup investment activity, tracked and summarized so you always know where the capital is moving.

Startups & funding

Egyptian waste-tech startup Bekia raises $765,000 in seed funding to scale its B2B waste-tracking SaaS across Africa.

Tech Build Africa • Sep 16, 2026

Egyptian startup Bekia secured $765,000 in seed funding led by Madica, with participation from Catalyst Fund and Jambaar Capital. The capital will fund engineering team expansion, growth of its B2B software, and pilot testing in a… Read full article →

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US tech firm Cybastion commits $300 million to build data centers and cybersecurity infrastructure in Senegal.

Innovation Village • Sep 16, 2026

US-based Cybastion has pledged $300 million to Senegal to develop state-of-the-art data centers, strengthen national cybersecurity, and facilitate technology transfers. The agreement was finalized in Washington, D.C. during a meeting between Senegalese President Bassirou Diomaye Faye… Read full article →

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Proparco commits $10 million to Africa50’s green infrastructure fund to develop bankable, climate-resilient projects across Africa.

Innovation Village • Sep 16, 2026

Proparco, the private sector financing arm of the French Development Agency, has committed $10 million to the senior tranche of the Africa Green Infrastructure Alliance – Project Development Fund (AGIA-PD).Managed by the pan-African platform Africa50,… Read full article →

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Moneda Investment Limited raises N6 billion in an oversubscribed commercial paper debut to finance African natural resource value chains.

Nairametrics • Sep 16, 2026

Moneda Investment Limited successfully raised N6 billion through its Series 1 Commercial Paper issuance, representing a 120% subscription rate on its initial N5 billion target.The transaction is the first under Moneda's N30 billion Commercial Paper… Read full article →

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Egypt’s exchange approves MNT-Halan’s temporary listing, clearing the path for a domestic public offering targeting a $1 billion valuation.

Innovation Village • Sep 16, 2026

The Egyptian Exchange approved the temporary listing of 1.6 billion shares under the ticker HALN.CA, giving fintech unicorn MNT-Halan until mid-March 2027 to finalize its IPO.Only MNT-Halan's Egyptian operations are going public at a pitched… Read full article →

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VEA Capital Partners has acquired a significant stake in South African data science and AI enterprise Bonisa AI.

Innovation Village • Sep 16, 2026

South Africa-based Bonisa AI specializes in data science and AI architectures for the retail, banking, and telecommunications sectors. The strategic investment from VEA Capital Partners aims to accelerate the deployment of applied, commercially driven AI solutions… Read full article →

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BlueOrchard secures $250 million first close for a climate fund targeting frontier and emerging markets.

Innovation Village • Sep 16, 2026

The BlueOrchard Climate Action Mobilisation Fund achieved a $250 million first close to bridge the climate finance gap in developing economies.The fund utilizes a blended finance structure where development finance institutions de-risk the senior notes… Read full article →

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Abbey Bank Plc has announced five new major shareholders following a successful private placement of 26.56 billion shares.

Premium Times • Sep 16, 2026

The private placement comprised 26,562,647,265 ordinary shares of 50 kobo each, issued at a price of ₦2.43 per share.Abdulganiyu Olajide Adeola and Herel Limited emerged as the largest new shareholders, holding 19.05% and 18.48% stakes… Read full article →

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IronOak acquires a 65% stake in Pepkor's South African distribution centers for $138.2 million, unlocking retail growth capital.

Innovation Village • Sep 16, 2026

South African corporate advisory firm YW Capital and RMB executed the R2.25 billion ($138.2 million) transaction through their joint platform, IronOak, on September 8, 2026.IronOak acquired a 65% majority stake in Badger Properties, which owns… Read full article →

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Morocco launches a $37 million state-backed fund to catalyze venture capital for local digital startups.

Disrupt Africa • Sep 16, 2026

Morocco has activated the MAD347 million ($37 million) Startup Catalytic Fund under Decree No. 2.26.576.The fund is launched by the Ministry of Digital Transition and Administration and managed by Tamwilcom to support VC funds investing… Read full article →

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African-founded stablecoin platform Yellow Card enters Canada via its subsidiary Alkepay to offer cross-border payments and treasury infrastructure.

BusinessDay Nigeria — Technology • Sep 16, 2026

Yellow Card has launched payment services in Canada through its wholly owned subsidiary Alkepay Inc., enabling foreign exchange and cross-border funds transfers. Read full article →

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Nigerian fintech Bujeti launches BRAIN, a suite of four AI agents to automate corporate financial tasks.

TechCabal • Sep 16, 2026

Bujeti's new Real-time Agent Intelligence Network (BRAIN) features four AI agents Fetch, Chaser, Watchdog, and Concierge to automate tasks like invoice retrieval, customer payment follow-ups, and policy compliance.The system is scheduled to launch publicly on… Read full article →

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MTN Zambia and WWF launch the 2026 PachiPanda Challenge to support and fund young green-tech innovators.

Business Tech Africa • Sep 16, 2026

The MTN Zambia Foundation and WWF Zambia opened applications for the fifth PachiPanda Innovation Challenge, closing on October 16, 2026. Read full article →

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Egyptian fintech Zeal raises $10 million to expand its offline-to-online payment loyalty software globally.

Innovation Village • Sep 15, 2026

Egyptian payments technology startup Zeal has secured a $10 million funding round from undisclosed investors, bringing its total funding to $14 million.The capital is allocated for an aggressive global expansion and to activate its loyalty… Read full article →

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Africa GreenCo secures $11.5 million from existing investors to scale renewable energy trading across Southern Africa.

Innovation Village • Sep 15, 2026

Africa GreenCo raised an additional $11.5 million from existing shareholders Impact Fund Denmark and InfraCo, bringing its third funding close to $21.5 million.The regional energy trader acts as an intermediary offtaker, buying power from independent… Read full article →

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The Vumela Fund, managed by Edge Growth, has made a strategic investment in Cape Town-based fresh produce exporter Iris Fresh.

Innovation Village • Sep 15, 2026

The Vumela Fund has invested capital in Iris Fresh to bolster working capital and operational scaling.Iris Fresh acts as a supply chain link, sourcing premium fruits and vegetables from South Africa and neighbouring countries for… Read full article →

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Interactive AI content company Flam raises $40 million Series B to expand globally, partnering with SmartSense Technologies in Nigeria.

Technext • Sep 15, 2026

Flam, an AI interactive content firm founded in 2021, has raised $40 million in Series B funding led by QED Investors.The new capital will support research and development on Flam's AI models, product expansion, and… Read full article →

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Africell secures a $99.6 million US EXIM loan to expand telecom infrastructure and counter Chinese influence in Angola.

Innovation Village • Sep 15, 2026

US-owned mobile operator Africell secured a $99.6 million direct loan from the US Export-Import Bank (EXIM) to expand its Angolan network. Read full article →

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Six Rwandan health-tech startups secured Rwf60 million ($50,000) in non-dilutive seed funding from the iAccelerator programme.

Business Tech Africa • Sep 15, 2026

Six startups selected from 15 finalists each received Rwf10 million ($8,333) in equity-free capital during the seventh phase of the iAccelerator programme.The funded ventures include Steps Initiative, building a mental health and addiction app, and… Read full article →

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UK-based telecom provider Lebara launches commercial MVNO operations in Nigeria, targeting one million subscribers in its first year.

Technext • Sep 15, 2026

Lebara has officially launched commercial operations in Nigeria as the country's second active Mobile Virtual Network Operator (MVNO) following Vitel Wireless.The operator holds a Tier 5 MVNO licence, the highest category issued by the Nigerian… Read full article →

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Pan-African investor Madica backs five pre-seed startups across Nigeria, Cameroon, Algeria, and Egypt with up to $200,000 each.

Business Post • Sep 15, 2026

Madica, an early-stage investment programme affiliated with Flourish Ventures, has announced five new startup investments across four African markets.Each startup will receive up to $200,000 in funding and join Madica's 18-month program providing mentorship, executive… Read full article →

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Premier Group is permanently closing its historic South African fruit cannery, cutting over 400 jobs and triggering a regulatory probe.

Innovation Village • Sep 15, 2026

Premier Group Limited will not reopen the Fruit Processing Western Cape (FPWC) cannery in Tulbagh, South Africa, ending over 80 years of agricultural processing at the site.The closure is driven by a severe downturn in… Read full article →

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Woolworths ranks as South Africa's most trustworthy retailer, driving FY2026 growth through its expanding food division.

Innovation Village • Sep 15, 2026

Woolworths secured the 15th spot globally and top spot in South Africa on the 2026 World’s Most Trustworthy Companies list compiled by Newsweek and Statista.Other South African retailers outranked US giant Walmart (54th), including Dis-Chem… Read full article →

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Egyptian AI startup Synapse Analytics raises $13 million Series A to scale its financial decisioning platform across Africa.

Disrupt Africa — South Africa • Sep 15, 2026

Cairo-based Synapse Analytics secured $13 million in Series A funding led by Partech, with participation from Algebra Ventures and Silicon Badia.The startup's AI-native decisioning platform helps banks, fintechs, and telcos automate credit scoring, onboarding, fraud… Read full article →

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Dangote Refinery launches a $1.6 billion IPO, offering retail investors free bonus shares for holding stock long-term.

AllAfrica Business • Sep 15, 2026

Dangote Petroleum Refinery & Petrochemicals FZE has opened its order book for a $1.6 billion initial public offering (IPO), offering 4.1 billion ordinary shares at ₦525 each.The public offer includes a retail incentive program where… Read full article →

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Zambian fintech Zoyk receives regulatory approval to launch its payment aggregation platform, Zoykpay, in the DRC.

Business Tech Africa • Sep 14, 2026

The Banque Centrale du Congo (BCC) granted Zoyk authorization on September 10 to offer payment aggregation services through its Zoykpay platform.The fintech is not yet commercially live in the DRC and must complete final technical… Read full article →

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South African digital lender GoTyme Bank calls on traditional banks to eliminate fees for PayShap instant payments up to R5,000.

TechCabal • Sep 14, 2026

GoTyme Bank is challenging the South African banking industry's practice of charging premium fees for PayShap instant-payment transactions.The digital bank has absorbed the cost of the instant payments infrastructure, offering zero-fee transfers up to R5,000… Read full article →

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South Africa's Airnergize Capital closes its first clean technology fund at R3.89 billion to back regional infrastructure projects.

Tech Financials • Sep 14, 2026

Airnergize Capital, a black-owned clean tech investment platform, secured a final close of R3.89 billion (approx. $215 million) for its inaugural Fund I.The Development Bank of Southern Africa (DBSA) served as the lead development finance… Read full article →

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Pan-African e-mobility company Spiro partners with Chinese EV manufacturer Yadea to scale electric motorcycle supply across Africa.

Technext • Sep 14, 2026

Pan-African electric mobility startup Spiro has signed a strategic partnership with Chinese electric vehicle manufacturer Yadea.Under the agreement, Yadea will supply electric motorcycles and co-develop customized two-wheeler platforms tailored for local African road conditions. Read full article →

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South African e-health startup Vula Mobile surpasses three million patient referrals across its network in Southern Africa.

Disrupt Africa • Sep 14, 2026

Vula Mobile, a medical referral app launched in July 2014, has passed the milestone of three million patient referrals.The platform connects over 45,000 registered healthcare professionals across South Africa, Zambia, Botswana, Lesotho, and Eswatini, handling… Read full article →

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