More
    Ecosystem News

    Network International and Magnati Merge to Form $400bn African-Middle East Fintech Giant

    The new company will serve more than 250 financial institutions, 240,000 merchants, and 20 million cardholders in over 50 markets.

    A New Fintech Gold Rush in Cameroon — But Has the Market Really Changed?

    In 2022, it accounted for 71% of all mobile money transactions in Central Africa, totalling more than €90 billion

    Cairo Fire Exposes the Cracks Beneath Egypt’s Fintech Boom

    When infrastructure fails, the impact is brutally democratic: everyone goes down.

    Out of Style: Why North Africa’s Venture-Backed Fashion Startups Are Disappearing

    After a multimillion-dollar funding boom, North Africa’s once-hyped fashion startups are quietly going bust. What went wrong?

    South Africa’s Paymenow Secures $22.4M to Expand Earned Wage Access Across Africa

    With this deal, a wave of South African banks continue their backing for African fintech firms.
    Analysis & Opinion

    The Unwritten Rule: Why 2025’s Most Funded African Startups Are Becoming the Most Aggressive Buyers

    Too early to call it a trend? Maybe. But the signals are getting louder.

    ‘Leave Through the Front Door’: Okra’s Quiet Shutdown Exposes Nigeria’s Failure Taboo

    The startup’s quiet demise has brought fresh scrutiny to how Nigerian startups manage failure.

    Senegal and Kenya Lead Africa’s $345M Startup Funding Boom in June as Nigeria Fades

    As 2025 heads into its second half, the question is no longer whether funding will return. It has. The question now is: where will it go next — and who will be left behind?

    Looking for Funding in North Africa? This VC Might Be Your Best Bet

    Founders in North Africa seeking capital for their early-stage ventures could do worse than knocking on the door of this VC.

    Partner Content

    Inside the Fintech That’s Quietly Built Africa’s Largest Smartphone Assembly Line

    It’s a playbook that echoes India’s feature phone revolution of the early 2000s — except with embedded finance at the core rather than cheap calls.

    Can Temu Crack South Africa’s E-Commerce Market Where Jumia Couldn’t?

    Temu’s expansion comes less than a year after Jumia Technologies AG, often dubbed the “Amazon of Africa,” shut down operations in South Africa and Tunisia.

    Africa’s SWIFT Alternative PAPSS Just Hit 17 Members. Here’s Why That Matters

    While the expanding geographical footprint is significant, the real story lies in the “how.”

    Billionaire-Funded Program Offers $2m Equity-Free to African AI & Manufacturing Startups

    While Africa is home to nearly 18% of the world’s population, it contributes less than 2% of global manufacturing output.

    Governance, Policy & Regulations Forum

    Nigeria’s CAC Makes a Bold Bet on AI-Powered Instant Company Registration — and It Misfires

    As Nigeria aims to climb the ranks of global ease-of-doing-business indices, its latest experiment with automation highlights a timeless truth.

    Dollar Access Returns. So Does Foreign Competition for Nigerian Wallets

    In the coming months, Nigerian companies — from fintechs to fashion brands — will face a tough question.

    Moroccan Startups Are Quietly Dismantling Monopolies

    It’s not every day a startup drags a public institution into the 21st century — and walks away with the keys to a fairer market.

    Law, Loops, and Lock-Ups: Behind the Deal That Gave Lesaka a Banking License

    This is not just an acquisition — it’s a balance sheet restructuring disguised as strategic expansion.

    US Senate Waters Down 5% Remittance Tax in Big Win for African Fintechs

    For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.

    All the Latest Articles

    MaxAB-Wasoko Winds Down E-commerce in Morocco as Fintech Becomes Core

    As more startups layer financial services onto distribution networks, the message is clear: surviving Africa’s B2B e-commerce crunch may hinge less on moving goods, and more on financing them.

    Nigeria’s BFREE Raises $3M to Unlock New Frontier in Distressed Loan Portfolio Financing

    BFREE is turning what has long been considered a dead-end in African finance — non-performing loans — into a viable, tech-powered asset class.

    Inside the Fintech That’s Quietly Built Africa’s Largest Smartphone Assembly Line

    It’s a playbook that echoes India’s feature phone revolution of the early 2000s — except with embedded finance at the core rather than cheap calls.

    Network International and Magnati Merge to Form $400bn African-Middle East Fintech Giant

    The new company will serve more than 250 financial institutions, 240,000 merchants, and 20 million cardholders in over 50 markets.

    Nawy Buys UAE’s SmartCrowd in Bid to Build MENA’s First Real Estate Super-App

    Before the acquisition, SmartCrowd has raised over $3.6M across 3 funding rounds.