News
The 11-Day Hustle: How Two Senior Employees Tried to Clone a South African Mining Tech Leader (And Failed)
11+ hour, 48+ min ago (998+ words) In the startup ecosystem, spinning out of a successful company to build a competitor is a tale as old as Silicon Valley. But the line between leveraging industry experience and stealing proprietary tech is heavily policed. A recent judgment from…...
Morocco's Hanout Wars: Three Startups, $10m, and One Corner Shop
1+ week, 2+ day ago (255+ words) Each of the three startups has organised itself around the hanout, but they have entered from different directions'and those differences will determine where the competitive collisions eventually occur. Woliz's government agreement'a framework with the Ministry of Industry and Trade to…...
Laptops, Data Bundles and $36k: The Unlikely New Saviours of Nigerian Early-Stage Tech - Launch Base Africa
2+ week, 11+ hour ago (421+ words) Nigeria's venture capital ecosystem, once the most-funded on the African continent, is being asked to recover partly on a diet of student grants, a regional development fund, and a scattering of development finance. Whether that constitutes a plan or a…...
Defense, Logistics and the "Home" Bias: Mapping Africa"s Q1 Startup Capital Flows
2+ week, 11+ hour ago (341+ words) According to data from Launch Base Africa covering more than 100 disclosed transactions in Q1 2026, the traditional view of scattered, opportunistic investment is giving way to highly structured capital deployment. While the US remained the largest aggregate source of funding, its footprint…...
Africa's Most Active Startup Investors in Q1 2026 " and Where They Put Their Money
2+ week, 11+ hour ago (317+ words) While total funding has dipped year-on-year, deal velocity among the most active players remains steady. Data from Q1 2026 shows that development finance institutions (DFIs) and established Africa-focused venture funds are driving the majority of early-to-growth stage activity, with a clear pivot…...
Eskom's Monopoly Gets a Reprieve as South Africa Stalls Energy Trading, Millions in Limbo
2+ week, 6+ day ago (279+ words) South Africa's shift toward a competitive electricity market has been delayed. Originally set for April 1, 2026, the National Transmission Company South Africa (NTCSA) has pushed the launch of the South African Wholesale Electricity Market (SAWEM) to Q3 2026. The deferral marks a significant…...
Time to Talk Tech Startups in Angola? Luanda Passes Bill for Ecosystem Running on 2% Funding
3+ week, 2+ day ago (634+ words) It is an optimistic piece of legislation. The government has set a maximum annual turnover threshold of $3. 5 million for a company to be classified as a startup. It's a generous ceiling, considering that finding an Angolan tech venture doing a…...
Powering Up: Why Fintechs Are Targeting South Africa's Prepaid Electricity Startups
4+ week, 1+ day ago (394+ words) Consolidation in Southern Africa's utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending to tap into the high-margin, recurring revenue of prepaid electricity. The latest move comes from JSE-listed microlender Optasia, which has…...
Dutch VC Aqua-Spark Secures $48m for African Blue Economy Fund, Backed by Kf W and Agri FI
1+ mon, 2+ day ago (394+ words) Aqua-Spark, the Dutch impact investment fund focused on the global aquaculture industry, has held the final close of its dedicated Africa fund at $48m (41. 7m). The close marks the culmination of a fundraising process that began in 2021. While the capital provides a…...
Western Union and Cassava's Sasai Target South Africa's $1bn Outbound Remittance Market
1+ mon, 1+ week ago (616+ words) Western Union, the 175-year-old titan of money movement, is placing a fresh bet on African fintech. In a move to defend its dominance against a wave of digital-first challengers, the US company announced a partnership today with Sasai Fintech, a…...