Chui Ventures has successfully closed its debut fund at $17.3 million, exceeding its original target of $10 million, to back African tech founders. The fund has already deployed 60 percent of its capital into 18 companies across five Sub-Saharan African markets.

• The fund attracted investments from a diverse group, including the Mastercard Foundation Africa Growth Fund and the Michael and Susan Dell Foundation, with over 90 percent of high-net-worth investors being of African origin.
• The portfolio includes companies in fintech, healthtech, e-commerce, agritech, and logistics, with notable investments such as Pricepally in Nigeria and Leta in Kenya.
• Chui Ventures' portfolio companies have created over 1,200 direct jobs and more than 40,000 indirect jobs, with 44 percent of its portfolio companies having female founding teams.

Liquid C2 has launched Liquid G, an AI-powered Google Cloud distribution program, to accelerate cloud adoption for African resellers and enterprises. This initiative aims to provide local partners with access to Google Cloud infrastructure, AI tools, and data analytics solutions.

• The program, delivered through Cloudmania, offers AI-enabled support across the reseller journey, including onboarding and an integrated marketplace for procurement and billing in local currency.
• Oswald Jumira, chief executive officer of Liquid C2, emphasized that Liquid G will make it easier for resellers to engage with Google Cloud and improve productivity.
• Simon Aldous, Director of Channel Sales for UKI and SSA at Google Cloud, highlighted that the collaboration with Liquid C2 is crucial for boosting cloud adoption and enabling innovation across Africa.

Blockchain technology is increasingly being integrated into everyday life across Africa, moving beyond its initial association with cryptocurrency speculation. This adoption is driven by practical applications addressing challenges in remittances, property ownership, healthcare, and financial inclusion.

• On-chain cryptocurrency activity in Sub-Saharan Africa surged by 52% year-on-year in the 12 months ending June 2025.
• A pilot project in Khayelitsha, Cape Town, is registering approximately 1,000 previously unregistered government-subsidized homes on a blockchain-based property register.
• Frere Provincial Hospital in the Eastern Cape is piloting Hyperledger Fabric to manage electronic health records (EHRs) on a blockchain.
• South Africa captured 18% of blockchain VC funding in Africa, with blockchain making up 7.4% of all VC funding on the continent.
• Approximately 350 million adults in Sub-Saharan Africa lack access to formal financial services, a gap that blockchain is helping to bridge.