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    Ecosystem News

    Backed by Africa’s Leading ClimateTech Investors, Nigerian IoT Startup Shyft Power Merges with UK Rival

    Shyft Power Solutions has made a unique mark as a female-founded and led African tech company, a rarity in the region’s venture capital ecosystem

    Nigeria’s Beacon Power Services Raises Series A Funding, Backed by Partech

    The new funding will enable BPS to expand its operations beyond Nigeria and Ghana into additional markets across Eastern and Southern Africa.

    French Bank’s African Fintech Arm YUP Leaves Investors with Over $8M Loss Post-Liquidation

    Originally launched in 2017 across seven African countries, including Côte d’Ivoire, Senegal, Burkina Faso, Guinea, Ghana, Madagascar, and Cameroon, YUP was Société Générale’s attempt to penetrate Africa’s fast-growing mobile payments market.

    Kenya’s Mobius Motors Clears Short-Term Debts, Positions for Potential Resurgence

    The debt-free short-term position, combined with a recent acquisition bid, signals a potential turnaround year for Mobius as it seeks a path to long-term sustainability.

    Egypt Becomes Africa’s Top Patent Filer, Powered by a ‘Little-Known’ Deep-Tech Startup

    The 2024 report placed Cairo alongside global hubs like Silicon Valley, Munich, and Shenzhen, affirming Egypt’s growing presence in the global innovation landscape.
    Analysis & Opinion

    The Rise of Full-Time VCs: African Accelerators Pivot to Venture Capital in Record Numbers

    For many African-focused VC firms, transitioning to the VC model comes with thinking mostly like VCs.

    Africa’s Billion-Dollar Dream: Who Will Lead the Next Unicorn Wave?

    By the time they reach unicorn status, most African startups have extended beyond their home markets.

    Meet the Funder: Nobesuthu Ndlovu, Director SME, Old Mutual Corporate

    "Our focus is on sectors recovering well post-COVID, like manufacturing, trade, construction, technology, and retail services."

    Built in the Maghreb, Made in France: North African Startups Seek New Shores as French Support Grows

    For many, the move isn't simply a preference but a matter of business survival.

    Investor-Driven Growth or Founder Missteps? Decoding the Pattern of African ‘Big’ Startup Failures

    For many founders, the influx of capital brings with it a set of demands that can fundamentally alter the trajectory of their companies.

    Partner Content

    Cameroon’s FindMe Secures Multi-Million Currency Deal to Digitize Postal Addressing Across Francophone Africa

    “With the rise of e-commerce, it’s essential to have a system that guarantees efficient last-mile delivery. Our solution ensures accurate identification, while helping the country meet Know Your Customer (KYC) requirements for banking services."

    Aza Finance Targets Nigerian Payment Giants Flutterwave, Paystack with New PSSP License

    Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.

    InstaDeep’s Compute Power Surges 10x with Launch of New Supercomputer

    Karim Beguii and Zohra Slim founded Instadeep in 2014. The company was recently acquired by BioNTech in a $680M+ deal. Image credit: Instadeep

    Saudi Real Estate Leader Ayen Acquires Egyptian ConTech Elmawkaa to Strengthen MENA PropTech

    For Elmawkaa, the acquisition marks a significant success for its founders and early investors, who include entities such as Flat6Labs, TIEC, 500 Global, and Taqadam.

    Kenya’s Kotani Pay Makes Regional Push with $2M Boost, Enters Rwanda and Uganda for Digital Finance Growth

    As the first blockchain fintech company in South Africa to receive the Crypto Asset Service Provider (CASP) license from South Africa’s Financial Sector Conduct Authority (FSCA), Kotani Pay has also positioned itself as a trusted bridge between fiat and digital currencies.

    Governance, Policy & Regulations Forum

    Are African Startup Founders Replaceable? ‘Erratic’ CEO Transitions Raise Critical Questions

    African startups themselves also seem ignorant of what succession plans are and how to effectively implement them.

    End of Unchecked Fundraising? Nigeria’s SEC Clamps Down on Fintechs’ Freewheeling Commercial Paper Issuance

    Essentially, fintechs are being nudged back to traditional financial institutions, albeit in a supportive role rather than a direct lending one.

    Real-Life African Example: How to Structure Voting Rights in a Crowded Startup Cap Table

    Each round of investment brings new stakeholders, and each investor may want assurances on having a voice in crucial matters.

    Ethiopia’s ‘Endless’ Startup Act: Can New Council Finally Meet Deadlines?

    The logic here is simple: if the numbers go up, the policy is working.

    Egypt Tightens Grip on Fintech Firms Raising Funds through Securitization

    For fintech companies in Egypt already deep into securitization, this new circular means more paperwork — and fast.

    All the Latest Articles

    Backed by Africa’s Leading ClimateTech Investors, Nigerian IoT Startup Shyft Power Merges with UK Rival

    Shyft Power Solutions has made a unique mark as a female-founded and led African tech company, a rarity in the region’s venture capital ecosystem

    Cameroon’s FindMe Secures Multi-Million Currency Deal to Digitize Postal Addressing Across Francophone Africa

    “With the rise of e-commerce, it’s essential to have a system that guarantees efficient last-mile delivery. Our solution ensures accurate identification, while helping the country meet Know Your Customer (KYC) requirements for banking services."

    Nigeria’s Beacon Power Services Raises Series A Funding, Backed by Partech

    The new funding will enable BPS to expand its operations beyond Nigeria and Ghana into additional markets across Eastern and Southern Africa.

    The Rise of Full-Time VCs: African Accelerators Pivot to Venture Capital in Record Numbers

    For many African-focused VC firms, transitioning to the VC model comes with thinking mostly like VCs.

    Moroccan Ticketing Startup Guichet.com Secures Fresh Investment as CDG Invest Exits

    The move marks a strategic ownership shift as the platform continues to gain traction in Morocco’s expanding digital economy and pursues ambitions for regional growth.

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