Funding
Lagos Eyes Next VC Era After $3.9bn Milestone
At GITEX Nigeria, city officials and investors urged founders to design products for global scale from day one — not just to chase local funding rounds.
Funding
Village Capital puts $450K into Trade Lenda and AirSmat
The Washington-based impact investor splits a $450,000 cheque between a Nigerian SME lender and an agricultural drone startup, doubling down on underserved sectors.
Global
Uber Retreats From Nigeria as Africa's $2.5bn Ride-Hailing Market Fractures
Uber's pullback from Nigeria exposes the structural cost pressures and local competition reshaping a $2.5 billion African ride-hailing market that was never built for profitability.
Global
IFAD and Equity Bank Launch $200M Climate Fund for African Farmers
A new $200 million facility pairs UN agricultural finance with Equity Bank's East African retail network to push climate adaptation credit to smallholder farmers.
Funding
Nigeria Offers ₦2.5bn in Grants to 50 Student-Led Startups
The Federal Government's second Student Venture Capital Grant cohort will award up to ₦50 million each to 50 student innovators across Nigerian universities.
The Brief
Funding
Dangote Refinery eyes $1.5B IPO at N525 per share
Africa's largest oil refinery is pricing its public debut at N525 per share, targeting a $1.5 billion raise that could become the continent's biggest-ever IPO.
Funding
Africa & Middle East Startups Raise $532M in Week 36
A single week's haul of $532 million across Africa and the Middle East underscores the region's continued pull for venture and growth capital despite a tighter global funding climate.
The Money
Deal Tracker →Debt
$51M
Tolaram
Consumer Goods · Nigeria
Growth
$1.5B
Dangote Petroleum Refinery
Energy · Nigeria
Pre-seed
$450K
Trade Lenda and AirSmat
Fintech · Nigeria
Growth
$300M
WIOCC Group
Digital Infrastructure · Pan-Africa
Growth
Undisclosed
Cascador ScaleUp cohort (10 Nigerian startups)
Multi-sector · Nigeria
Series A
$75M
HubX
SaaS · Turkey
The nook Brief
The whole continent, in one morning read.
Tech, the politics that shapes business, and the money moving Africa — synthesized and sent to your inbox. Free.