In 2023, South Africa’s automotive sector generated over 271 billion rand (US$20.4 billion) in exports, primarily to the European Union.

Estimates suggest that the value of POS transactions will surge to approximately EGP 640 billion by the end of 2024, reflecting a 280% increase from 2021’s EGP 169 billion.

z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”

“CEI Africa’s work to promote energy access in Sub-Saharan Africa is needed now more than ever.”

MNT-Halan’s entry into the UAE comes on the heels of a $157.5 million funding round in July, led by a $40 million investment from the International Finance Corporation (IFC).

"It’s incredibly painful [not] to get your money back."

Before co-founding Billboxx, Obaoye and Ogunjobi were instrumental in launching Fixit45, a Nigerian auto-tech startup that raised $1.9 million in pre-seed funding in 2023.

This funding comes on the heels of significant backing earlier this year.

By focusing on distributed and small-scale solutions, REPP 2 seeks to bridge the estimated $22 billion annual funding shortfall required to meet the United Nations Sustainable Development Goal 7 (SDG7) of universal energy access.

Yet, venturing abroad is fraught with risks.

“We did it for the pharmaceutical industry, and we can do it for fintech.”

Back home, Fawry is navigating regulatory pathways to expand its service offerings.