Novastar Ventures, a venture capital firm focused on African startups, has closed its third fund, raising $147 million for its Africa People and Planet Fund III (NVIII), slightly below its original $200 million target. This fund marks a 40% increase from its predecessor,  Novastar Ventures Africa Fund II (NVAF II), which closed at $108 million

The Bank of Namibia has set June 2026 for the rollout of its national instant payment system, a platform designed to enable real-time digital transfers and expand access to financial services across the country, according to local media reports. The project, which was launched in 2024, forms part of the central bank’s broader strategy to

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Good morning.☀️ Today in Francophone Weekly, we’ll look at how marketplaces across Francophone Africa are evolving, from the revenue models that are actually working to the infrastructure constraints behind them. If you’re not subscribed yet, now is a good time to fix that and get Francophone Weekly straight to your inbox every Tuesday at noon.

Angola is not a market that often comes up in African venture capital conversations. It does not appear in the funding trackers or the ecosystem rankings, nor is it typically represented on the conference panels. BFA Asset Management is trying to change that.  The Luanda-based firm, a spin-off from Banco de Fomento Angola (BFA)—the country’s

Earlier this month, Microsoft launched Copilot Health, a new space within its Copilot...

Niger State, in Nigeria’s north-central region, has introduced a major shift in its tech governance structure, replacing its Ministry of Communications Technology and Digital Economy with a new agency tasked with driving digital initiatives more efficiently.  The move signals a push by Nigeria’s largest state by land mass to cut through entrenched civil service bottlenecks

This story originally appeared in The Algorithm, our weekly newsletter on AI. To...

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