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    Ghana’s State-Backed Planned $120M Venture Capital Fund Wrestles with Foreign Interests

    Currently, over 90% of VCTF funding originates from foreign sources.

    Uganda’s KaFresh Secures Funding to Extend Fresh Produce Longevity

    Made from plant-based materials, including overripe fruits, the solution delays spoilage by reducing oxidation and microbial decay.
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    Cameroon’s Fako Capital, I&P’s Latest Anchor Fund, Targets $500K Investments in High-Growth Startups

    Fako Capital joins a growing network of African impact funds nurtured by I&P

    Lesaka’s Acquisition Streak Continues, Utility Innovator Recharger Snapped Up in $28M Deal

    Recharger operates a base of over 460,000 registered prepaid electricity meters, catering to landlords and tenants.

    In Francophone West Africa, Payment Cards are Run by Banks, Not Fintechs

    The COVID-19 pandemic played a catalytic role in accelerating digital payments. In 2023, digital payment transaction volumes surged by 33.78%

    South African Fintech Mama Money Rolls out New WhatsApp-based Bank Cards

    The Mama Money Card is making it much easier for under-served communities to get their own bank service where all they need is proof of identity such as a passport, asylum document or South African ID to register for Mama Money on their phone.

    Algeria’s Startup Ministry Produces Three Ministers in Landmark Cabinet Reshuffle

    These appointments signify how the startup ministry, established recently in 2020 to nurture the country’s entrepreneurial ecosystem, has become a critical talent pipeline for Algeria’s government.

    Kenya’s Hydrobox Secures $9.5M to Expand Clean Energy Access in Rural Communities

    Hydrobox collaborates with local stakeholders and regulatory bodies to ensure responsible implementation and long-term benefits for communities.

    Algeria’s Disruptor Startup Minister Replaced in Cabinet Reshuffle

    Oualid, who assumed office in 2020 at just 26 years old, made headlines as Africa’s youngest minister at the time.

    Senegal’s Socium Raises $5M to Fuel HR Automation in 21 Francophone Countries

    The startup’s primary markets include countries such as Morocco, Cameroon, and Congo, among others.

    The Ecosystem Within: Nigerian Startups Partner More With Each Other Than With Outsiders

    With partnerships reported by 68% of respondents in the last decade, the ecosystem leans heavily on a “collaborative survival” model.

    Lingawa Targets the African Diaspora Market with $1.1M Pre-seed Funding for Native Language Learning

    Lingawa, an edtech startup that recently rebranded from TopSet, has raised $1.1 million in...

    Egypt’s Qara Gets $2.6M to Scale Product Authentication and Combat Counterfeiting

    To date, Qara has authenticated over 28 million product units and connected more than 50,000 business users across its primary markets of Egypt, KSA, and Kenya.

    Amenli Raises $2.3 Million, Eyes Growth in Egypt’s Underserved Insurance Market”

    Amenli primarily operates in Egypt, leveraging its local expertise to address the unique challenges of low insurance awareness and adoption.

    Latest articles

    Ghana’s State-Backed Planned $120M Venture Capital Fund Wrestles with Foreign Interests

    Currently, over 90% of VCTF funding originates from foreign sources.

    Uganda’s KaFresh Secures Funding to Extend Fresh Produce Longevity

    Made from plant-based materials, including overripe fruits, the solution delays spoilage by reducing oxidation and microbial decay.

    Cameroon’s Fako Capital, I&P’s Latest Anchor Fund, Targets $500K Investments in High-Growth Startups

    Fako Capital joins a growing network of African impact funds nurtured by I&P

    Lesaka’s Acquisition Streak Continues, Utility Innovator Recharger Snapped Up in $28M Deal

    Recharger operates a base of over 460,000 registered prepaid electricity meters, catering to landlords and tenants.