Madica, an African-focused pre-seed investment program, has disclosed its initial investments in three promising African startups: Kola Market, GoBEBA, and NewForm Foods. This news arrives at a time when funding for African startups experienced a decline, dropping from $6.5 billion in 2022 to $3.5 billion in 2023. The selected startups, each granted up to $200,000 […]
Upperhill, Nairobi’s prestigious district, has witnessed a remarkable surge in land values, with an acre now commanding an average price exceeding KSh 480 million. This surge reflects a broader trend observed across Nairobi’s prime suburbs, where land values have seen substantial growth over the past decade. According to recent data from Hass Consult, land values […]
Malaysia has unveiled the ‘Golden Pass’ scheme, a strategic initiative aimed at positioning the country as a prime destination for unicorn start-ups and venture capitalists (VCs). Spearheaded by Malaysian Economy Minister Rafizi Ramli, the scheme is part of a broader effort to stimulate the growth of high-skilled, high-value job opportunities in Southeast Asia’s business hub. […]
Africa Tech Summit (ATS) London is gearing up for its eighth edition, poised to unite key players in the tech industry at the prestigious London Stock Exchange on June 7th. This summit, renowned for fostering business and investment opportunities across Africa, serves as a pivotal platform for collaboration and growth. Central to the ATS London […]
Kenyan InsurTech firm mTek has recently secured a substantial investment of $1.25 million, marking a significant milestone in its journey to reshape the insurance landscape across Africa. Led by Verod-Kepple Africa Ventures and Founders Factory Africa, this funding injection underscores investor confidence in mTek’s disruptive potential and strategic vision for growth. Since its inception in […]
Fortis, a Dubai-based fintech firm specializing in retail solutions, has successfully closed a $20 million Series A funding round. Led by Opportunity Venture (Asia), a prominent fund based in Hong Kong, this investment is earmarked for accelerating Fortis’s expansion across the Middle East and North Africa (MENA) region. Alberto Caruso, Founder and CEO of Fortis […]
Volkswagen Group Africa (VWA) has confirmed a substantial R6 billion investment in its Kariega assembly plant, signaling a firm commitment to its African strategy. Despite past speculation, this move underscores VWA’s determination to strengthen its presence in the region. The investment will facilitate the assembly of a new compact sports utility vehicle (SUV) alongside existing […]
The latest Hass Land Price Index report unveils a compelling trend: land values in Nairobi’s satellite towns have skyrocketed over the past decade, presenting investors with lucrative opportunities for growth. Since December 2007, land values in satellite towns surrounding Nairobi have increased by an impressive 11.79-fold, significantly outperforming the growth observed in the city’s central […]
In the wake of recent extreme weather events, including unprecedented flooding, UAE insurers are gearing up for an influx of claims. The country experienced its heaviest rainfall in over 75 years, causing widespread disruption and damage. A report by AM Best, a leading credit rating agency specializing in insurance, highlights the potential impact on insurers. […]
In a landmark move poised to reshape Africa’s retail landscape, Nigerian retail-tech trailblazer OmniRetail has commenced its Series A fundraising drive with a significant injection from Goodwell Investments, a renowned impact investor championing transformative ventures across emerging markets. Since its inception in 2019, OmniRetail has carved a niche as a B2B enablement powerhouse, spearheading the […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development...
The United States is hurtling toward a fiscal reckoning that would have seemed unthinkable just two decades ago. According to...
The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin's 77 municipalities into...
The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes...
