Ecosystem News
Ecosystem News
Russian Ride-hailing App Yango Faces Mounting Resistance in Africa — Togo Now Joins the List
As international scrutiny of Russian firms intensifies, Yango has sought to distance itself from its origins by shifting its global operational headquarters to Dubai.
WESTERN AFRICA
Health Issues Stall Continued Trial of Binance Exec Tigran Gambaryan in Nigeria
A representative from the correctional facility admitted Gambaryan was 'very' sick and would not be produced in court.
Ecosystem News
“It’s Not If They’ll Come for You; It’s When” — Founder of Collapsed Healthtech 54gene Digs in New Exposé
“There is a pattern,” he writes.
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."
Analysis & Opinion
Analysis & Opinions
A Directory of Active Investors in African Startups for Q3 2024
In Q3 2024, African tech startups faced a significant setback, witnessing a roughly 40% decline in funding activity compared to the same period in 2023.
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.
Partner Content
Partner Content
Egyptian Fintech Giant Fawry Launches Standalone Insurtech Company Following 700,000 Policies
The new product is part of Fawry’s broader strategy to build an integrated financial ecosystem, bringing a fully digital medical insurance solution to individuals and families across Egypt.
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.
Governance, Policy & Regulations Forum
Policy & Regulations Forum
Will JPMorgan Chase’s African Regional Offices Assist African Startup Banking Needs?
African startups have also faced varying treatment when banking with global institutions.
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.
All the Latest Articles
Updates
Nigerian Fintech Traction Acquired After Recent $6M Funding
The acquisition of Traction will allow OmniRetail to integrate its merchant POS services into OmniPay, creating a more comprehensive platform for SMEs.
Updates
Ghana’s Aya Data Secures $900,000 Seed Round to Scale AI Solutions
Aya Data’s edge lies in its control of the entire process locally, which the company argues improves both efficiency and quality.
Updates
Kenya’s FarmWorks Secures New Funding to Expand Agricultural Support for Smallholder Farmers
“We focus heavily on operational efficiency,” Li explained, highlighting that even factors like fuel consumption per truck kilometer are carefully monitored.
Policy & Regulations Forum
Will JPMorgan Chase’s African Regional Offices Assist African Startup Banking Needs?
African startups have also faced varying treatment when banking with global institutions.
WESTERN AFRICA
Health Issues Stall Continued Trial of Binance Exec Tigran Gambaryan in Nigeria
A representative from the correctional facility admitted Gambaryan was 'very' sick and would not be produced in court.
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