Funding

Yellow Card Raises $40M, Moment $22M, and Nala $60M in Payments Push

Three African and Africa-focused payments startups close fresh rounds totalling over $120 million, targeting stablecoins, South African merchants, and the continent's fragmented travel corridors.

7 Aug · 3 min read · fintech · payments · stablecoins
Politics

Women Hold Operational Power in South Africa's Economy

While men occupy the top political appointments in finance and trade, women increasingly run the institutional and corporate machinery of Africa's most complex economy.

Funding

Africa's startup funding drops 80% in July 2026, hits $102M

Debt instruments are displacing equity as 47 startups split a thin $102.2 million, with the top 10 deals hoovering up 87% of all capital raised.

Global

Etihad–Africa World Airlines Deal Opens Abu Dhabi Route for Ghana

Etihad Airways and Accra-based Africa World Airlines have signed a strategic partnership that could reshape West Africa's connectivity to the Gulf and beyond.

The Brief

A detailed photograph of a rhinoceros standing in a dry grassland, depicting the beauty of wildlife.GlobalMr Sketch
Global

Absa Cuts Debt Review to One Day With AI and OCR

South Africa's Absa has automated its debt-review processing using AI and optical character recognition, while Kenya's CMA has approved two of its global investment funds — a two-front expansion that signals the bank's deepening technology and capital-markets push across the continent.

The Money

Deal Tracker →
Growth
$122M+ combined
Yellow Card / Moment / Nala
Fintech · Nigeria
Series C
$250M
Moove
Fintech · Nigeria
Growth
₦9.2B
Coronation Insurance / Coronation Life Assurance
Insurance · Nigeria
Debt
R5.4bn
Standard Bank
Fintech · South Africa
Growth
$250M
Moove
Logistics · Nigeria
Series C
$250M
Moove
Mobility · Nigeria
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