African startups defy global VC funding downturn, with M&A becoming the norm

African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]

Madagascar: Top Court postpones first round of presidential polls to Nov. 16

Madagascar’s top Court, Haute Cour Constitutionnelle (HCC), has pushed to Nov. 16 the first round of presidential elections initially slated for Nov. 09. The Court made the decision Thursday October 12, two days after the electoral campaign kicked off. The institution argued that the move came “by virtue of its regulatory power”, in response to […]

Paul Kagame visits Guinea Conakry to bolster ties

Rwandan President Paul Kagame arrived Monday in Guinea Conakry in view of bolstering ties with the West African country ruled by a Junta. The visit follows that he made to Benin where he met with President Patrice Talon. Ousmane Gaoual Diallo, spokesman of the Guinean government said the visit is in line with South-South cooperation. […]