From Lagos to Nairobi

South African investment and business development firm Edge Growth has launched a new $46.8 million debt fund aimed at providing flexible growth capital to established, technology-enabled businesses across South Africa and selected African markets. The Edge Impact Fund has already secured a first close of R350 million, equivalent to about $21.8 million, putting it nearly…

South African-founded artificial intelligence startup Verascient has raised $1.2 million in an oversubscribed funding round as it looks to help businesses turn fragmented internal information into useful AI-powered workflows. The funding marks an important step for the Cape Town-based company as it prepares to expand its technology, grow its engineering team and pursue enterprise customers…

Nigeria’s fintech lending market is increasingly moving beyond simply disbursing loans. As access to credit expands, lenders and financial technology companies are paying greater attention to repayment discipline, capital efficiency and sustainable lending models. Against this backdrop, digital credit platform BraceMoni and credit infrastructure company Fundmey have recorded more than ₦83 million in transaction volume…

Nigerian defence-technology startup Terra Industries is adding experience from one of the world’s most ambitious technology companies as it prepares to expand beyond Africa. The company has appointed Ben MacWilliams, a former SpaceX executive who helped take Starlink into more than 20 African countries, as its Vice President of Strategy. The appointment comes at an…

For many Nigerians, investing has become easier to access, but understanding the market remains a different challenge. Investment apps have lowered the barriers to buying financial assets, while social media has made investment information more widely available. Yet access to information does not always translate into confidence or good decision-making. FCSL Asset Management is trying…

Africa’s venture capital ecosystem is entering a more mature but more demanding phase. After years of rapid fundraising and startup growth, investors are increasingly focused on a harder question: how does capital actually get returned? That question will take centre stage at the Lagos Venture Finance Summit, scheduled for September 3–4, 2026, in Lagos. Hosted…