Browsing: Innovation

BMCE Capital Investment aims to support Moroccan startups at the Seed stage through the creation of a USD 4.5 million VC fund.

The GABI ‘Unstoppable Africa’ conference focuses on sustainable, equitable growth and accelerating business opportunities on the African continent.

Agrifood tech startups in Africa have raised USD 1.1 billion over 5 years, according to Agfunder.

Elevatus raises funds with support from Global Ventures, Wa’ed Ventures and the Oman Technology Fund Venture.

The Nigerian tech startup scene has attracted the highest levels of tech startup funding across Africa, with fintech leading the way, according to Disrupt Africa, a startup-focused research platform.

Fintech accounts for 23% of VC investments in the region since 2020, according to the MENA Data Insight Report from GPCA.

The Rockefeller Foundation will work with e-GUIDE and Atlas AI to promote climate resilient infrastructure investment and economic development.

According to a report by McKinsey and Company, one of the world’s leading business analysis and consultancy firms, Africa’s fintech industry could see revenues soar to USD 30.3 billion by 2025.

SubsBase, a subscription and recurring revenue management platform, closes its seed round with regional and international support.

African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.