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News
Nigerians Return To Feature Phones As Smartphone Affordability Crisis Worsens
16+ hour, 41+ min ago (663+ words) Nigeria’s smartphone market is undergoing a sharp reversal as rising device prices push consumers back to basic feature phones, with industry data showing the country’s smartphone shipments fell 11% in the second quarter of 2026 while demand for cheaper handsets surged. The…...
South Africa's Verascient Raises USD 1.2 M To Build AI Infrastructure For Enterprises
10+ hour, 23+ min ago (144+ words) South Africa’s Verascient Raises USD 1.2 M To Build AI Infrastructure For Enterprises WeeTracker African Startup Funding Tracker South Africa’s Verascient Raises USD 1.2 M To Build AI Infrastructure For Enterprises Cape Town-based AI infrastructure startup Verascient has raised USD 1.2 M (ZAR…...
AgDevCo Ventures Raises USD 49 M To Back East African Agri-SMEs
18+ hour, 10+ min ago (168+ words) WeeTracker African Startup Funding Tracker AgDevCo Ventures Raises USD 49 M To Back East African Agri-SMEs AgDevCo Ventures, the early-stage investment vehicle of UK-backed development finance group AgDevCo, has reached a USD 49 M first close to invest USD 1 M-USD 3 M in…...
African Remittances Shift From Lifeline To Infrastructure As Sender Profile Changes
3+ day, 13+ hour ago (249+ words) The image of a lone migrant worker wiring money home once a month is giving way to something more complex. A new report from Zepz, the payments group behind WorldRemit and Sendwave, shows that 70% of senders now support multiple recipients…...
Nigerian Fintech Pouchers Raises USD 500 K Pre-Seed To Expand Stablecoin Payments
3+ day, 14+ hour ago (153+ words) WeeTracker African Startup Funding Tracker Nigerian Fintech Pouchers Raises USD 500 K Pre-Seed To Expand Stablecoin Payments Nigerian fintech Pouchers has raised USD 500 K in pre-seed funding led by Stack Directory LLC, a Dubai-based internet investment company, with participation from strategic…...
The Startups Braving Converting Old Fuel Vehicles To EVs In Nigeria's Vast Public Transport Scene
4+ day, 13+ hour ago (924+ words) One commercial transporter who lives in Lagos says he hasn’t had to visit a mechanic for repairs since he took his commercial tricycle (locally known as keke) with persistent engine problems to a service centre run by a fledgling startup…...
Egypt's Exits MENA To Acquire Avanz Capital Egypt In Multi-Seven-Figure Deal
4+ day, 15+ hour ago (154+ words) WeeTracker African Startup Funding Tracker Egypt’s Exits MENA To Acquire Avanz Capital Egypt In Seven-Figure Deal Egyptian investment platform Exits MENA has signed a multi-seven-figure deal to acquire Avanz Capital Egypt (ACE), a private equity and asset management firm, subject…...
A Logistics Meltdown In East Africa Prompted This 25-Year PE Veteran To Fix A Broken Playbook
5+ day, 15+ hour ago (618+ words) In East Africa, a logistics company had the money, having raised more capital than its direct competitor. Yet, it haemorrhaged clients. Not on price, as it turns out, but on reliability. The competitor, operating on thinner margins, simply routed its…...
South Africa's Jem Raises USD 8.4 M Series A To Expand Workforce Platform
6+ day, 16+ hour ago (159+ words) WeeTracker African Startup Funding Tracker South Africa’s Jem Raises USD 8.4 M Series A To Expand Workforce Platform South African workforce management startup Jem has raised USD 8.4 M in Series A funding led by Quona Capital, with participation from University Technology…...
South African AI Startup Tennsa Secures USD 61 K Pre-Seed For Its Business Intelligence Platform
6+ day, 17+ hour ago (161+ words) weetracker.com African Startup Funding Tracker South African AI Startup Tennsa Secures USD 61 K Pre-Seed For Its Business Intelligence Platform South African AI startup Tennsa has secured more than ZAR 1 M (USD 61 K) from Oakvale Invest, becoming the first portfolio company…...