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    Ecosystem News

    Egypt’s FlapKap Secures $34M Pre-Series A Funding to Scale SME Financing Across MENA

    FlapKap’s goal is to scale its impact across the MENA region, providing essential capital to SMEs that often face barriers in accessing traditional financing.

    Goodwell Investments Eyes Exit from Nigeria’s Paga After 13 Years

    Paga was one of the first in Nigeria to offer a mobile wallet solution at scale, allowing independent agents to help users deposit and withdraw money via their phones.

    Beyond Capital Targets Debt Funding for African Portfolio Startups Under New Fund

    Beyond Capital Ventures has been increasingly active in Africa, where it sees immense growth potential in sectors like healthcare and renewable energy.

    Egypt’s Brotinni Secures Investment from Entilaq to Expand Regional Reach

    The startup raised $600,000 in a seed funding round led by Innlife investments in 2022.

    Ethiopian Banks Fight for Their Share of Remittances with $900M DEBO Fund

    Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.
    Analysis & Opinion

    Tracking Startup Failures in Africa: From Millions in Funding to Silent Shutdowns

    Redbird raised over $2 million in funding, with notable backing from South Africa’s Newtown Partners. However, despite its potential to improve healthcare delivery, the startup closed its doors,

    From Courtroom to Boardroom: The Rise of Lawyer-Led Tech Startups in Africa

    The intersection of law and technology is becoming a vibrant area for innovation in Africa.

    ‘We Were Targeting Markets in America and the UK, Thinking They Were Bigger’ — SWVL Founder on Failed Acquisitions

    "It’s not about copying — it’s about executing better and making something extraordinary out of it."

    The Two Proven Paths African Founders Mostly Follow to Find Co-Founders

    “This approach makes the journey of building a new business much more enjoyable.” Sumarie Greybe says.

    Startup Nurseries: The Companies Birthing the Next Unicorn Founders in Africa

    Understanding which African startups are fostering this upward mobility is crucial, as it not only hints at where the next generation of African founders will emerge but also reveals which companies might not enforce non-compete clauses or other restrictive legal terms.

    Partner Content

    R&D Maroc Opens Call for Applications to Support 60 Innovative Startups in Morocco 

    The program will offer funding through the “TECHSTART” product, a mechanism designed to help startups at a critical stage in their development.

    TLcom Capital is Hosting the ‘Largest’ Tech Event for African Female Founders

    Over 500 African female tech entrepreneurs have attended previous editions of the Summit with last year’s event in Lagos spotlighting Planet FWD’s Julia Collins, the first black woman to build a unicorn, as a headline speaker.

    Inside Oxford’s High-Profile VC Bootcamp: Top African Tech Investors Under the Spotlight

    Participants will also benefit from interactions with representatives from development banks and international organizations, including the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII), among others.

    Flutterwave Continues to Eye IPO with New CFO Appointment

    Flutterwave has been grappling with legal and regulatory challenges, particularly in Kenya, where it faced scrutiny over financial improprieties.

    Spanish Delivery Startup Glovo Appoints Kenya’s Shiro Theuri as CTO

    She was previously the VP of Engineering at Sendy, an end-to-end fulfillment platform.

    Governance, Policy & Regulations Forum

    Nigerian Taxman Halts Freemium Banking for Fintech Companies with New Transfer Levy

    This move marks the end of the freemium banking era for millions of Nigerians, who have long enjoyed cost-free electronic transactions from the country’s fast-growing financial technology sector.

    Ethiopian Banks Fight for Their Share of Remittances with $900M DEBO Fund

    Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.

    Effective Immediately: Free Internet for 18–25 Year Olds in Mauritius, Courtesy of Telecom Leader Emtel

    The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.

    Ethiopia Launches First-Ever Regulatory Sandbox to Boost Fintech Startups

    The application window for the first cohort of the Regulatory Sandbox is now open and will close on September 30, 2024. You have 30 days to submit your application.

    MTN Fintech Unit’s Latest Board Shake-Up: A Sign of IPO Ambitions?

    “These appointments align with the focus of accelerating growth, completing the structural separations, and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term.”

    All the Latest Articles

    First Circle Africa Fund I Lands New Investor, Targets Fintech Startups

    First Circle Capital’s investment strategy is designed to go beyond payments, an area that has historically dominated fintech funding in Africa.

    R&D Maroc Opens Call for Applications to Support 60 Innovative Startups in Morocco 

    The program will offer funding through the “TECHSTART” product, a mechanism designed to help startups at a critical stage in their development.

    Nigerian Taxman Halts Freemium Banking for Fintech Companies with New Transfer Levy

    This move marks the end of the freemium banking era for millions of Nigerians, who have long enjoyed cost-free electronic transactions from the country’s fast-growing financial technology sector.

    TLcom Capital is Hosting the ‘Largest’ Tech Event for African Female Founders

    Over 500 African female tech entrepreneurs have attended previous editions of the Summit with last year’s event in Lagos spotlighting Planet FWD’s Julia Collins, the first black woman to build a unicorn, as a headline speaker.

    Egypt’s FlapKap Secures $34M Pre-Series A Funding to Scale SME Financing Across MENA

    FlapKap’s goal is to scale its impact across the MENA region, providing essential capital to SMEs that often face barriers in accessing traditional financing.