Funding
Ventures Platform closes $84M Fund II for Pan-African bets
The Lagos-based early-stage VC has sealed its second and largest fund, backed by the EBRD, to double down on pre-seed and seed investments across Africa.
Politics
UK Court Confirms Five Sexual Offence Charges Against Poco Lee
Snaresbrook Crown Court has confirmed rape and four other sexual offence charges against Nigerian dancer Poco Lee, with a hearing scheduled for 15 September.
Business
FTSE Russell Restores Nigeria to Frontier Market Status from Sept 21
The reclassification, effective September 21, 2026, ends Nigeria's stint in index limbo and reopens the door to passive capital flows from frontier-market funds.
Global
MTN Nigeria Sponsors Nigeria-South Africa Chamber Forum
MTN Nigeria is backing the Nigeria-South Africa Chamber of Commerce's August forum as official sponsor, signalling a corporate bet on deepening bilateral trade ties between Africa's two largest economies.
Funding
Shell commits $350M to Egypt's WDDM offshore gas field
Shell's Phase 12a final investment decision will drill three deepwater Mediterranean wells, targeting first gas by 2028 to shore up Egypt's domestic energy supply.
Most read
- OpenAI Loses 12 Executives in 2026 as Leadership Exodus Deepens
- Flutterwave Eyes East African Bank Acquisition as IPO Stalls
- South Africa Secures $122B Chinese Backing for 105GW Energy Push
- Moove raises $250M Series C, hits $2.1B unicorn valuation
- Cue Raises $5M to Scale AI Customer Service Across Africa
The Brief
Funding
Ventures Platform Closes $84M Fund II to Back African Startups
Nigeria's most active early-stage VC has raised its second fund, nearly doubling its firepower as investors grow more selective about African startup bets.
Global
Insufficient Source Material to Publish
The provided sources do not contain a single coherent African business or technology story with reportable facts.
The Money
Deal Tracker →Growth
$84M
Ventures Platform
Venture Capital · Nigeria
Growth
$84M
Ventures Platform
Venture Capital · Nigeria
Debt
$3.93M
ThriveAgric
Agritech · Nigeria
Undisclosed
$1.2M
Verascient
HRtech · South Africa
Undisclosed
Undisclosed
Lagos Angel Network
Fintech · Nigeria
Pre-seed
$500K
Pouchers
Fintech · Nigeria
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