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    Staff Writer

    https://launchbaseafrica.com
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    The Ghostwriters of Africa’s Tech Boom

    Yet beneath the noise of global audience metrics, a quieter, more revealing dataset is accumulating.
    Updates

    An 85% Chance of a $3.1bn IPO Within Two Years: Inside Opera’s High‑Stakes OPay Bet

    OPay began life inside Opera in 2018, initially as a mobile wallet and ride-hailing service before quickly pivoting to payments.
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    Analysis & Opinions

    Big Promises, Short Lives: The Lifecycle Problem of African Corporate Venture Capital

    The recent closure of ARM Labs Lagos Techstars Accelerator is not an isolated case.
    Partner Content

    Khulisani Ventures’ $16.5M Fund Targets High-Growth Startups in South Africa — Applications Close January 2025

    The program seeks businesses generating annual revenues of R5–R8 million, with positive cash flows and strong financial reporting.
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    “Diversification is Key to Survival for Emerging Market Lenders,” Asaak CEO Says Following 27X Market Growth in Mexico Expansion

    “Our shared investors facilitated the acquisition, making it a natural fit.”
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    TLcom Capital Backs Ivory Coast’s HUB2 with $8.5M to Unify Payments Across Francophone Africa

    The investment will enable HUB2 to process €1 billion in transaction volume in 2024, a dramatic leap from the €70 million handled in 2022.
    Partner Content

    Ex-Naspers Foundry Chief Joins Prosus Board Following $100M Fund Shutdown

    While Mahanyele-Dabengwa’s board appointment signifies a strong leadership strategy, Naspers is also recalibrating its investment approach.
    Updates

    Morocco’s Enakl Raises $1.4M to Help Reduce Urban Congestion and Pollution in African cities

    Since launching its pilot phase, Enakl has achieved significant traction. The platform manages over 15,000 bookings monthly in Casablanca, with a growth rate of 20% per month.
    WESTERN AFRICA

    France’s Largest VC Firm Backs Senegalese AI Startup LAfricaMobile in $7M Series A

    The company raised €500,000 in seed funding in 2020 and secured €4.3 million ($4.6 million) in the first tranche of its Series A in April 2024.
    Policy & Regulations Forum

    Not Yet: Tunisian Parliament Rejects Reforms to Foreign Currency Account Rules

    The proposed measure was an ambitious attempt to alleviate long-standing frustrations over access to foreign currency.
    Partner Content

    Zambian Digital Lender eShandi Eyes African Dominance with 1M Users and New Expansion

    The company reported a revenue surge from $100,000 in 2020 to $12.2 million in 2023.
    Updates

    CrossBoundary Energy Secures $140M to Scale Renewable Energy Across Africa

    Despite Africa’s abundant renewable energy resources, financing constraints remain a major hurdle.
    Updates

    Nigerian-Led Recursive Capital Backs African Bitcoin Startups with New Fund

    According to Recursive Capital’s strategy, the fund targets early-stage companies, providing equity investments ranging from $50,000 to $100,000 per portfolio company.
    EASTERN AFRICA

    Acumen Invests $5M in d.light to Expand Clean Energy Access Across East Africa

    d.light allows customers to pay for solar products in installments, making them more affordable.
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    Updates

    The Ghostwriters of Africa’s Tech Boom

    Yet beneath the noise of global audience metrics, a quieter, more revealing dataset is accumulating.
    Updates

    An 85% Chance of a $3.1bn IPO Within Two Years: Inside Opera’s High‑Stakes OPay Bet

    OPay began life inside Opera in 2018, initially as a mobile wallet and ride-hailing service before quickly pivoting to payments.
    Updates

    From M-Pesa to Flutterwave: Why Africa Built the Systems the World Now Needs

    "You cannot wait for perfect conditions because perfect conditions are never coming." - Ray Langa, Group CEO of Leagas Delaney South Africa, writes from Johannesburg
    Policy & Regulations Forum

    Why Several African Fintechs Just Quietly Registered in Canada

    The current wave of registrations spans a range of business models.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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