Future Africa

Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies

Lagos-headquartered venture capital firm Future Africa is teaming up with TLG Capital, a London-based open-ended credit fund, to launch a $25 million venture debt fund reserved for portfolio companies

As the global venture capital market slows, Africa charts its own course

Experts say that most recent deals were finalized months before macroeconomic challenges hit the global VC landscape. This means there’s a lag in what’s reported as the current state of VC in Afri

Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly

The construction industry in Kenya is so big that it is among the few globally that expanded amidst the COVID lockdowns of 2020. And it is not showing any signs of slowdown with the country’s data a

TopUp Mama looking to solve sourcing challenges for restaurants

Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small restaurants and food vendors in emerging markets. These are some of the pain-p

Norebase raises $1M to allow companies start, scale, and operate in any African country

Startup pitches with promises to provide various services to Africans — across different sectors — are commonplace now. And in trying to sweet-talk investors, what’s not taken into c

Inside Iyin Aboyeji’s plan to build charter cities for African tech

African cities, particularly sub-Saharan ones, have the fastest global urban growth rate. But with challenges around overcrowding, congestion, infrastructure, power and poor governance, these cities a

Finclusion raises $20M to build out credit-led neobank offering across Africa

The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Venture capital bets from institutional investors in this class of fint

Nexford University lands $10.8M pre-Series A to scale its flexible remote learning platform

Two profound problems face the higher education sector globally — affordability and relevance. Whether you live in Africa, Europe or the U.S., a major reason why people don’t go to univers

Kenya’s Lami raises $1.8M to scale API insurance platform across Africa

Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number dro

Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

Ideally, it is expected of every business to reach its customers effectively. However, that’s not the case, as limiting factors that hinder proper digital communication come into play at differ