Start-ups in Africa raised $2.2b in 2024, pushed by mega deals, 25% drop from 2023

Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]

Russia poised to open embassy in Burkina Faso by year-end as Moscow deepens footprints in Africa

Vsevolod Tkachenko, Director of the Africa Department of the Russian Foreign Ministry, announced Tuesday December 12 the opening of the Russian embassy in Burkina Faso by end of December 2023, with several other missions to be opened in other Africa countries. “We expect that technically we will be able to open an embassy in Burkina […]

AQIM Avenges Foreign Intervention in Mali with Abductions in Algeria

At least eight foreigners, including Britons, Norwegian and Japanese nationals were seized Wednesday in Algeria by Islamist militants in an attack on an oil facility in the south-eastern region of the North African country. The terror attack, which targeted a BP gas plant in the town of In Amenas (near the Libyan border), also claimed […]