Egypt edged out the rest of the continent to become Africa’s top funding destination in the first half of 2026, pulling in $327 million — though nearly all of that came from a single mega-round: EV and battery-swapping company Spiro’s raise, which itself accounted for the bulk of Egypt’s total.
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The Nigerian government is rolling out a fresh funding opportunity for tech entrepreneurs, launching a new accelerator programme that could provide qualifying startups with up to $350,000 in investment. Selected startups will be eligible for an initial investment of $100,000, or its naira equivalent, in exchange for a 7.5 per cent equity stake. Collins Onuegbu,…