WeeTracker

African e-commerce company Jumia has raised USD 50 M in post-IPO equity funding, anchored by a USD 25 M investment from the International Finance Corporation (IFC), a member of the World Bank Group. The round also includes investments from existing major

Morocco's electric vehicle market is heating up. Fully electric car registrations nearly doubled in the first seven months of 2026, jumping 99% to 1,213 units. Electrified vehicles now account for 17% of new passenger car sales, up from 10.5% a year earli

By Ian Lessem, Managing Partner at HAVAÍC African Venture Capital (VC) has entered a new era. The exuberance of the 2021 funding boom has given way to a more disciplined investment environment, where sustainable growth, operational excellence, and credibl

Nigeria's multi-billion-dollar virtual asset market, the largest in Sub-Saharan Africa, risks being suffocated and driven offshore by new tax guidelines that charge levies on transactions regardless of whether users make a profit, an industry coalition ha

The parent firm of Kenyan digital used-car marketplace Peach Cars has secured USD 3.7 M in debt financing from Japan Finance Corporation and Shoko Chukin Bank to expand its vehicle transaction infrastructure in Kenya. Founded in 2020 by Kaoru Kaganoi and

Africa50's Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD) has secured an additional USD 50 M from international development finance institutions to increase early-stage investment in climate-resilient infrastructure project

Ugandan developer Ernest Mwebaze spent much of the past year testing both U.S. and Chinese AI tools to build a system for his country's dozens of local languages. The Chinese models won. Mwebaze, a former Google research scientist, ultimately chose Alibab

Kenyan fintech Cloud9 has acquired conversational commerce startup Chpter, integrating its sales & customer engagement tools into Cloud9's business banking platform

BuzzFeed, the publicly-traded content generation platform, is going big on AI-generated content. And Wall Street is noticing.

In January, BuzzFeed, the New York-headquartered internet media company said it will use Open AI's technology to generate content for its website. This includes quizzes, which is attributed as the first step in extended content creation, Forbes reported .