Lenovo Southern Africa’s flagship event, Accelerate 2025, has just wrapped up in Johannesburg — and if the conversations are anything to go by, the…
Kenya’s Novastar Ventures to open Lagos office after raising $75.5m for new fund [Updated]
Nairobi-based venture fund Novastar Ventures has made the first close of its Novastar II fund with commitments of $72.5-million. The firm now plans to open an office in…
MFS Africa secures follow-on funding, bringing Series-B round to $14m
Johannesburg-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group. The raise is an extension round to a $4.5-million round the…
Nigeria’s Microtraction announces investment into Lagos-based fintech Riby
Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby. Microtraction’s principal investment officer Dayo Koleowo made the…
Local venture capitalist blames Silicon Valley for over valuation of SA startups
Over valuations are becoming increasingly prevalent among early-stage entrepreneurs in South Africa and Silicon Valley is to blame. So, says venture capitalist Clive Butkow of Kalon Venture…
