Armed groups in Nigeria collected nearly $6 million in ransom payments over the past year, as kidnappings surged across Africa’s most populous country, according to a new study.
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Raising pre-seed funding in Africa requires a clear problem, a working prototype, early proof that customers want your product, and a focused list of investors who fit your market. You also improve your chances by showing traction, explaining how the capital will help you reach specific milestones, and using a structured fundraising process.
Early-stage African startups have found it difficult to raise money this year. In July, GoLemonstopped taking orders after two years and tens of thousands of deliveries, with an average basket of about ₦43,700 ($32). The company said it made money on every delivery, but when it sought capital to scale, it could not raise enough…
FIFA President Gianni Infantino attends a World Cup match between Netherlands and Morocco at Monterrey Stadium, in Guadalupe, Mexico, on June 29, 2026. Carl Recine/ South Americahide caption
