From Lagos to Nairobi

African startups recorded a notable funding surge in July 2026, with electric mobility and debt financing emerging as two of the strongest forces behind the month’s capital activity. The $224 million raised highlights a changing investment landscape in which investors are increasingly backing businesses with physical assets, predictable revenues and clear infrastructure needs. The July…

Nigeria’s startup ecosystem is receiving another boost as Cascador partners with the Federal Ministry of Youth Development to support young founders and help more entrepreneurs turn promising ideas into sustainable businesses. The partnership comes at a time when youth entrepreneurship is becoming increasingly important to Nigeria’s economic future. With a large and growing young population,…

Jumia’s latest $50 million fundraising has renewed attention on one of Africa’s most closely watched e-commerce companies and its long-running ambition to become profitable. After years of expansion, losses and restructuring, the company is now entering a more disciplined phase in which growth is being measured not simply by the number of customers it attracts,…

Nigeria’s growing creator economy is entering a new phase as the government seeks to bring more digital businesses and online income into the formal tax system. The controversy surrounding Selar, a Nigerian digital commerce platform used by creators to sell courses, ebooks, subscriptions and other digital products, has highlighted the difficult balance between taxation, compliance…

For many young African professionals, an opportunity to build a career in Germany can represent a pathway to stability, advanced technology and global exposure. For Nigerian engineer and entrepreneur Adekoyejo Kuye, however, the opportunity to remain abroad was not enough to outweigh the problems he believed he could help solve at home. Kuye’s decision to…

Nigerian fintech startup Xara is partnering with Flutterwave⁠ to strengthen the payment infrastructure behind its WhatsApp-based banking platform. The collaboration is designed to help Xara scale its conversational banking service while making digital financial services easier to access for Nigerians who may face barriers with traditional banking applications.  Xara, developed by Xava Technologies, allows customers…