Nigerians were left stunned on Monday after the sudden crash of CBEX, a digital investment platform that promised incredible returns and delivered equally staggering losses.
Mapping Africa's angel investor landscape: Our research tracks over 400 individuals – from finance to law and tech leadership – actively deploying capital into the continent's booming startup ecosystem.
A torrent of press releases celebrates the dynamism of Africa's tech scene, but a closer look reveals a more precarious reality....The immediate impact on mobility fintech Moove remains...
For years, Nigerian startup founders have built their business models around the assumption of a growing middle class. That assumption is now under siege.
The funding landscape remains heavily influenced by foreign investors, particularly from the United States and Europe, who accounted for nearly 70% of the total investment activity.
Last year, HAVAÍC — a venture capital firm known for strategic tech investments and a recent exit from fellow emergency-tech startup RapidDeploy — invested $1.1 million in AURA through a bridge round, in partnership with AfricInvest.
Cameroon’s ultimatum comes just weeks after the Central Bank of West African States (BCEAO) initiated a similar regulatory crackdown across the West African Economic and Monetary Union (WAEMU).
