News
Food delivery startup Swoop, formerly Thumo, has raised a $7.3 million Seed from Silicon Valley and Africa-focused investors to grow its Lagos launch.
Propel Africa · 2026-04-24
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Egyptian startup Sinai.ai has closed a $1.45 million pre-seed round led by KAUST Innovation Ventures and DisrupTech Ventures to build interactive, AI-native books.
Propel Africa · 2026-04-21
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Bayer Foundation and the UN Capital Development Fund have made their first Food Systems Innovation Finance Facility loans, $500,000 each, to Omia and SokoFresh.
Propel Africa · 2026-04-21
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Nigerian credit management startup Bfree has raised $3.1 million from undisclosed investors to move into buying and recovering distressed loan portfolios.
Propel Africa · 2026-04-21
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AI agent startup Lua has raised a $5.8 million Seed led by Norrsken22, with Flourish Ventures, 20VC and Y Combinator, to grow its developer community.
Propel Africa · 2026-04-20
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South African AI Diagnostics has raised about $5 million in a Pre-Series A led by the Steele Foundation for Hope to expand its AI stethoscope for tuberculosis screening.
Propel Africa · 2026-04-16
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Tilapia producer Victory Farms has secured a $15 million mezzanine loan from AgDevCo to open new farming sites in Kenya and Rwanda and begin work in Tanzania.
Propel Africa · 2026-04-13
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South African startup Refiant AI has raised a $5 million Seed led by VoLo Earth Ventures to shrink large AI models so they run on small, local devices.
Propel Africa · 2026-04-09
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Pre-seed programme Madica has invested a reported $200,000 each in Tanzania's Kilimo Fresh, Kenya's Hakimu and Nigeria's Biovana, $600,000 in total.
Propel Africa · 2026-04-08
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Egyptian consumer credit platform Lucky has raised a $23 million Series B of equity and debt to scale lending and enter select North African markets.
Propel Africa · 2026-04-07
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Moroccan retail marketplace ZSystems has raised a $1.65 million Seed led by Azur Innovation Management, taking its total funding to $2.7 million.
Propel Africa · 2026-04-06
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Egyptian diagnostics company Reme-D has raised $500,000 from Global Innovation Fund to expand production of room-temperature PCR kits and launch in Nigeria and Libya.
Propel Africa · 2026-04-06