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    Ecosystem News

    South African Insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal

    Founded in 2018 by former Ernst & Young executives and actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked distinguishes itself through a fully digital, AI-driven insurance platform.

    IFC Halts $50m Credit Line for African Fintech Onafriq

    The IFC’s proposed $50m investment, comprising an A Loan and B1 Loan Participations, was intended to further fuel Onafriq’s growth.

    The Top Small-Ticket VCs Backing Early-stage Tech Startups in Africa

    Investments in African tech startups go beyond supporting unicorns. There are hard-tilling VCs operating at the roots.

    DOB Equity Backs Water Filter Startup in Strategic Shift After Portfolio Setbacks

    Karen Serem Waithaka, who took over as CEO of DOB Equity last year, is leading the fund’s new direction.

    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.
    Analysis & Opinion

    Local Funds Prop Up Moroccan Startups as Foreign VC Remains on the Sidelines

    In 2024 alone, these tech visitors flocking to Morocco helped catapult the North African country to Africa’s number one tourist destination, surpassing Egypt after it secured over 17.4 million visits that year. But as their presence fades, a new tendril is sprouting.

    More Gender-Lens Investors in Africa, Yet Female Founders Still Struggle with VC

    This funding gap persists despite the emergence of dedicated Africa-focused venture capital firms.

    Why New CEOs Struggle to Save African Startups After Founder Ousters

    Post-Bench — the Canada-based accounting and tax platform that shut down after raising $113 million — founders worldwide are increasingly scrutinizing their cap tables.

    African Crowdfunders Have Little Patience for Troubled Startups

    In 2020, Nigeria’s Metro Africa Xpress (MAX) faced a crisis when Lagos State banned ride-hailing platforms, leaving the company struggling.

    Partner Content

    Egypt’s Paymob Expands to UAE with Retail Payment License Backed by $72 Million Series B

    In the UAE, Paymob’s operations have scaled rapidly. Within just 14 months, transaction volumes in the UAE matched what took five years to achieve in Egypt.

    The Panda Bond Boom: Why African Top Funders Are Rushing to China’s Debt Markets

    China's panda bond market has witnessed remarkable growth, with issuances hitting a record 194.8 billion yuan ($26.7 billion) in 2024 — a 26% increase year-on-year.

    AfDB Backs New Funding Deal Targeting Battery-Energy Solutions in Africa

    The anchor commitment from PIDG was made through InfraCo, its investment arm, with concessional capital provided by PIDG Technical Assistance.

    A New Era for Algerian Startups: The Long-awaited IPO That Could Change Everything Takes Off

    An ambitious target has been set to reach 100 listings on both the main and secondary markets by 2030.

    Egyptian Fintech Raseedi to Offer 5-Minute Loans After Kashat Acquisition Deal

    Raseedi currently boasts 120,000 monthly active users and aims to increase this figure to 1.5m within six to eight months.

    Governance, Policy & Regulations Forum

    Rising Telco Tariffs, Shrinking Margins: The Startup Hustle in Nigeria Gets a New Twist

    The timing of this tariff hike could hardly be worse for ordinary Nigerians. Inflation soared to over 30% in 2024

    Local Scores to Settle: Glovo Faces Rising Heat from Rival in Morocco

    The inquiry is not limited to Glovo’s market conduct.

    Eyes on Crypto: Kenya Pushes for Stricter Law After Worldcoin Fallout — Here’s What It Says

    The policy acknowledges the potential for Virtual Assets to destabilize Kenya's broader financial system.

    Egypt Goes for Remittance Digitization, Part Two: Big Players Tighten Their Grip

    In a bid to fortify its foreign currency reserves and modernize money transfers, the...

    AI-Generated ‘Legal Fiction’ Causes Uproar in South Africa

    “Of the nine cases referred to and cited, only two could be found to exist, albeit that the citation of one was incorrect.”

    All the Latest Articles

    South Africa’s Insight Terra Raises $5.7 million to scale climate-tech platform

    The funding round highlights the growing investor confidence in African climate-tech solutions

    Enko Education Secures $24M to Triple Its Student Reach Across Africa by 2029

    The $24 million investment will fund Enko Education’s large-scale acquisition strategy aimed at consolidating Africa’s fragmented K-12 education market.

    Egypt’s MoneyHash Secures $5.2M to Simplify Payments for Emerging Markets’ Enterprises

    Egyptian fintech startup MoneyHash has secured $5.2 million in a pre-Series A funding round,...

    Maxula Gestion Resumes Funding for Tunisian Startups

    The Start Up Maxula Seed Fund, authorised by the Conseil du Marché Financier (CMF) in November 2018, has been actively investing in Tunisian startups.

    Egypt’s Paymob Expands to UAE with Retail Payment License Backed by $72 Million Series B

    In the UAE, Paymob’s operations have scaled rapidly. Within just 14 months, transaction volumes in the UAE matched what took five years to achieve in Egypt.