Ecosystem News
Ecosystem News
Lapaire Raises $3.2M for Eye Care Expansion Across Africa
This latest investment follows a previous funding round in January, where Lapaire secured $3 million to bolster its growth.
EASTERN AFRICA
“We Succeeded in Acquiring the Tech Back” — iProcure Co-Founder Reflects on Journey Post-Administration
"We had to employ executives who took stock options and were paid four times our salary for something we spent eight years building."
NORTHERN AFRICA
Egypt’s Rabbit Mobility Raises $1.3M to Roll Out Electric Scooters across North Africa
The fresh capital injection will support Rabbit Mobility’s efforts to expand its fleet and scale operations, enhancing its market presence in Egypt and setting the stage for a broader rollout across North Africa.
Latest Funding
Singapore’s XA Network Backs African Startups in Latest Global Expansion
Singapore-based investment network XA Network has announced its expansion into Africa with the launch...
Ecosystem News
IFC Backs $200M Acumen Fund to Light Up Africa
Acumen ’s Hardest-to-Reach Fund targets off-grid solar companies operating in 16 countries across Sub-Saharan Africa.
Analysis & Opinion
Analysis & Opinions
Why Are Egyptian Startups Moving Headquarters Abroad, in Droves?
This migration is not just a matter of convenience.
Analysis & Opinions
For African Startups, Monthly Reports Are a Necessity for Landing Follow-on Funding
With the capital environment becoming more competitive, 72.2% of surveyed investors confirmed that they have ramped up their reporting requirements over the last 18 months.
Analysis & Opinions
The Rise and Fall of Crowdfunding Platforms in Africa: Why More Startups Are Looking Overseas
This preference for foreign-based crowdfunding platforms speaks to the challenges local ones face in meeting the needs of fast-growing startups.
Analysis & Opinions
Tired of Equity Deals? Meet the Growing List of Investors Backing Revenue-Based Financing for African Startups
Rather than surrendering equity or taking on high-interest debt, founders can receive loans based on future earnings and repay them through a percentage of their monthly revenue.
Analysis & Opinions
The Rise and Rise of Heavyweight National Startup Funds Across North Africa
In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.
Partner Content
Partner Content
SA’s Earned Wage Access Fintech Paymenow Enters Pakistan with Shariah-Compliant Offering
Currently, only 2.5% of Pakistan’s population has access to formal credit sources, creating a gap for financial solutions that can alleviate immediate financial pressures for workers.
Partner Content
Swvl Shifts Headquarters to Riyadh as Part of Saudi Arabia’s RHQ Program
Swvl, known for its technology-driven transportation services, has been operational in Saudi Arabia for four years.
Partner Content
Local Card Giant Verve Reaches 70 Million Issuances in Nigeria
Verve’s cards can be used across various channels, including point-of-sale (POS) terminals, automated teller machines (ATMs), web and e-commerce platforms, agency banking networks, and mobile apps.
Partner Content
Mobility Fintech Moove Enters Mexico City as Part of Latin America Expansion
Moove, founded in 2020 by Ladi Delano and Jide Odunsi, initially focused on addressing the challenges of vehicle financing in African markets.
Partner Content
Moroccan Venture Capital Giant Rebrands as MNF Ventures Amidst Setbacks, Global Growth
MNF Ventures’ flagship fund, Maroc Numeric Fund II, operates as an institutional vehicle focused on nurturing technological innovation
Governance, Policy & Regulations Forum
Policy & Regulations Forum
Tunisia 2025 Budget: Zero Tax on Startup Investments, but Can Founders Bank on It?
The budget proposal also addresses Tunisia’s energy transition, lowering customs duties on imported solar panels from 30% to 10%
Policy & Regulations Forum
Time to Take the Plunge: Ethiopia Opens Its Doors to Foreign Logistics Startups
The Ministry of Transport & Logistics (MoTL) has flung open the doors to its long-insulated logistics sector, inviting foreign investors to hold a full 100% ownership in logistics companies.
Policy & Regulations Forum
New Visa for Digital Nomads in Kenya? Don’t Pack Your Bags Just Yet
The Digital Nomad Work Permit promises remote workers from across the globe the opportunity to live and work in Kenya.
Policy & Regulations Forum
Are Nigerian Startups Ready for the Government’s New Tax Regime?
For small businesses — those blessed with less than ₦2 million ($1,197) worth of transactions per month — this sounds like a reprieve.
All the Latest Articles
Updates
Inside Octavia Carbon’s Quest to Lead Africa’s Fight Against Climate Change with $3.9M Seed Round
The investment’s primary objective is to increase Octavia’s carbon capture capacity from its current level of 50 tonnes annually to 1,500 tonnes per year by 2025.
Partner Content
SA’s Earned Wage Access Fintech Paymenow Enters Pakistan with Shariah-Compliant Offering
Currently, only 2.5% of Pakistan’s population has access to formal credit sources, creating a gap for financial solutions that can alleviate immediate financial pressures for workers.
Updates
African Crypto Exchange Yellow Card Shifts Focus to Businesses with $33M Investment
The company’s ability to engage constructively with regulators in Africa has set it apart from global counterparts like Binance and Coinbase, which face more adversarial regulatory environments.
Updates
Nigeria’s Klasha Expands into Asia with $2M Boost from Existing Investors
Klasha, a leading global cross-border payments company, recently raised an additional $2 million in...
Updates
Ecommerce Giant Jumia Pulls Out of South Africa and Tunisia
“Since assuming the role of CEO, I have focused on initiatives aimed at strengthening our business.”
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