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For the longest time, if you said “venture capital in Africa", one word would immediately follow: fintech. Payments. Lending. Digital banks. Mobile money. That’s where most of the money has gone, and honestly, for good reason.
In 2016, Selar wasn’t a startup with a grand master plan to dominate Africa’s creator economy. It was just an idea. No pitch deck. No market thesis. No “this is how we’ll win” roadmap. Just one simple belief from founder Douglas Kendyson: People don’t just want to consume content sometimes; they want to support the people who create it.
Imagine fixing a meeting time by simply CC’ing an AI into your email thread… No booking links. No “Are you free by 2?” No back-and-forth that somehow turns into a 3-day scheduling saga.
In startup land, raising funding once is impressive. Doing it again? That’s when people start paying very close attention. Nigerian drone startup TerraHaptix has secured yet another $22 million in funding, in a round led by deep-tech-focused venture capital firm Lux Capital.
For years, working online has followed the same exhausting ritual: Open a tab → Search for something → Open another tab → Copy information → Paste it somewhere else → Summarise it manually → Switch tools → Repeat Now imagine if your browser didn’t just show you information but could actually complete the task for you.
Imagine reporting a stolen phone, filing a traffic incident, or submitting a complaint to the police without speaking to an officer, filling out paperwork, or standing in a queue. No front desk. No waiting room. No back-and-forth explanations.
For decades, buying fuel has followed the same routine across Nigeria — drive in, wait your turn, speak to an attendant, make a transfer (or bring out cash), and hope there’s no delay or mix-up before you leave. Now, that routine may be on its way out.
A new report by the African Development Bank is now placing Africa at the centre of the global AI growth conversation, not as a consumer of technology, but as a future builder of it. And the numbers? They’re massive. According to the Bank’s latest study developed under the G20 Digital Transformation Working Group, Africa could unlock up to $1 trillion in additional GDP by 2035 through inclusive AI adoption.
Okechukwu Nwaozor built an AI system. He was 17, just out of secondary school, and entirely self-taught. When he shared his plans on Facebook, the comments ranged from disbelief to outright mockery. Yet here he is today, leading a project that has captured the attention of developers across Africa and beyond.
The race to reinvent coding with AI has a new headline grabber: Google Antigravity. Launched as a free, “agent-first” development platform powered by Google’s flagship Gemini 3 Pro model. Antigravity positions itself not as a fancy autocomplete tool, but as an autonomous AI collaborator that can plan, execute, test, and validate software tasks from IDE to browser with minimal human typing.
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