Anonymous male mechanic in uniform fixing detail of spacecraft while working at modern headquarter of industrial factoryFundingSpaceX
Funding

Starcloud and Muon Space Each Raise $250M in Space-Tech Push

Two startups targeting AI infrastructure and satellite manufacturing have each closed $250 million rounds, signalling a surge of capital into orbital computing and earth-observation hardware.

22 Aug · 3 min read · space tech · ai infrastructure · satellite manufacturing
Funding

Nigeria Faces $14.8B Gender Financing Gap as Abu Dhabi Deal Draws Scrutiny

Two stories of capital opacity collide: the Federal Government pushes banks and fintechs to close a $14.8 billion annual gender financing shortfall while a separate $5 billion sovereign swap facility with First Abu Dhabi Bank faces transparency demands.

Funding

Banxso: The $61M deepfake fraud that broke a SA broker

South Africa's FSCA found that AI-generated ads impersonating Elon Musk and Johann Rupert funnelled roughly $61 million in client funds into Banxso, which has since been fined $123 million, lost its licence, and been liquidated.

Business

Nigeria's Tinubu Reforms Raised N20.4trn — But How Was It Spent?

Finance Minister Taiwo Oyedele's reform scorecard shows record resource mobilisation since June 2023, but critics argue spending priorities remain unchanged.

The Brief

The Money

Deal Tracker →
Funding
Undisclosed
Banxso
Fintech · South Africa
Undisclosed
$250M each
Starcloud / Muon Space
Deep Tech
Debt
₦250bn
Bank of Industry (BOI)
Development Finance · Nigeria
Growth
Undisclosed
EliseAI
Proptech · United States
Seed
$52M
Terra Industries
Defense Tech · Nigeria
Growth
$15.2M
First HoldCo
Fintech · Nigeria
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