Latest Founder Updates
Stay current with the latest achievements, milestones, and developments from female founders across Africa. From funding announcements to product launches and expansions, track the growth of women-led ventures.
Access Bank Ghana Appoints First Female Executive Director
Access Bank Ghana has made a historic move by appointing Mrs. Pearl Nkrumah as its first female Executive Director. With over two decades of experience in banking and financial services, Mrs. Nkrumah will oversee retail and digital operations, marking a significant step toward gender inclusion in executive leadership. Her appointment reflects Access Bank’s commitment to diversity, innovation, and empowering women in finance across the region.
Blockchain.com Opens Nigeria Office
UK-headquartered crypto firm Blockchain.com has opened a new office in Lagos, Nigeria, marking a strategic expansion into West Africa’s growing digital asset market. The move includes the hiring of key executives to lead operations and drive regional growth. This development follows Blockchain.com’s broader push to deepen its footprint across Africa, where crypto adoption continues to rise amid economic shifts and increasing mobile penetration.
Alami Capital Unveils Launchpad to Transform Funding for Women Entrepreneurs in Africa
Morocco-based impact investment firm Alami Capital has launched The Launchpad, a new initiative aimed at reshaping access to capital for women entrepreneurs across Africa. The platform is designed to bridge the gender financing gap by offering tailored funding solutions, mentorship, and strategic support to women-led businesses. With a focus on scalable ventures and inclusive growth, The Launchpad seeks to empower female founders who often face systemic barriers in traditional investment ecosystems. This move reinforces Alami Capital’s commitment to gender equity and sustainable development across the continent.
Zedcrest Wealth Appoints Renah Osiemi as Managing Director
Nigeria-based investment firm Zedcrest Wealth has appointed Renah Osiemi as its new Managing Director, signaling a strategic leadership shift aimed at deepening its wealth management offerings across Africa. With over 15 years of experience in financial services, Osiemi brings a strong track record in private banking, portfolio strategy, and client engagement. Her appointment reflects Zedcrest’s commitment to expanding its footprint in the region and delivering tailored investment solutions to a growing base of high-net-worth clients.
Nuban Cares Debuts AI-powered Skin Analysis Tool
Nigerian beauty-tech brand Nuban Cares has unveiled an AI-powered skin analysis tool at the 17th Lagos Makeup Fair, marking a bold step into personalised skincare innovation. The tool uses artificial intelligence to assess skin conditions and recommend tailored product solutions, bridging the gap between beauty and technology for African consumers. This launch reflects Nuban Cares’ commitment to data-driven wellness and its ambition to lead in the emerging beauty-tech space across the continent.
Intella bags $12.5 million in oversubscribed Series A
KSA-headquartered Arabic AI startup Intella has raised $12.5 million in Series A funding to scale its dialectal speech intelligence solutions across the MENA region and expand its go-to-market teams in Egypt and Saudi Arabia. Led by Prosus, with participation from 500 Global, Wa’ed Ventures, Hala Ventures, Idrisi Ventures, and HearstLab, the investment brings Intella’s total funding to $16.9 million.
France's Largest LP BPIFrance Backs Nigerian Solar-Cooling Startup Koolboks in $11M Round
Nigerian-French cleantech startup Koolboks has raised $11 million in Series A funding to expand its solar-powered cooling solutions across Africa and establish its first local assembly plant in Nigeria. Co-led by KawiSafi Ventures, Aruwa Capital, and All On, with additional support from FFEM, bpifrance, and several grant organisations, the investment brings Koolboks’ total funding to $15.4 million. The company aims to reduce refrigeration costs by up to 20%, scale its buy-now-pay-later platform Koolbuy, and grow its trade-in programme Scrap4New, making sustainable cooling more accessible to small businesses and households across underserved markets.
Nubia Capital Invests in Flick to Power Cross-Border Financial Infrastructure for African Businesses
Nigerian fintech startup Flick has secured investment from Nubia Capital to expand its open banking and blockchain-powered payments platform for African businesses. Led by CEO Ruth Olojede, Flick enables real-time cross-border transactions by integrating multi-currency accounts, blockchain settlement, and connections to over 13,000 financial institutions across 24 countries. The funding will support Flick’s mission to reduce payment friction and scale its infrastructure for enterprise clients in fintech, logistics, and asset management.
EATO Secures Funding from Nubia Capital to Build the Digital Rails for African Cuisine
Ghanaian foodtech startup EATO has secured funding from Nubia Capital to scale its AI-powered platform that connects African food entrepreneurs with global markets. Founded by Margaret Kyerematen-Debrah, EATO blends media, commerce, and data infrastructure to formalise Africa’s food economy, offering features like shoppable meal kits, grocery delivery, and digital credit profiling for SMEs. The investment will support EATO’s goal to reach one million food businesses and 100 million consumers by 2030.
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