More

    Staff Writer

    South African IoT Scaleup Karooooo Takes on Debt to Hoard AI Memory Chips

    The central question is whether the chip stockpile proves to be prudent insurance or an expensive bet.

    “It’s a Fad, like Crypto Coins”: Why a Developer Built a Census for Nigeria’s Chaotic Gaming Scene

    In the space of a fortnight, a handful of browser games built by Nigerian developers has generated more attention, and more argument, than the country’s game industry has seen in years. The question is whether any of it constitutes a market.
    spot_img

    Keep exploring

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week.

    The Rumors of MTN MoMo Cross-Border Transactions: Fact, Fiction, and the Future of African Fintech

    If MTN MoMo were granted a license to facilitate direct transfers between Ghana and Nigeria, it could reduce reliance on traditional remittance networks.

    FNB’s Venture Arm Stakes Big on AI Startup Trade Shield to Fortify Business Credit in South Africa

    Headquartered in Johannesburg, Trade Shield currently employs a team of approximately 45 professionals, including trade credit experts, data scientists, software developers, sales executives, and customer support staff.

    Ethiopia — First: New Licensing Wave Put Local Firms at the Forefront of Market Reforms

    A Dubai-based firm and several Ethiopian companies position for market dominance as the finance and logistics sectors open to foreign competition.

    From Ride Wars to Investment Wars: Global Ride-Hailing Giants’ New African Strategy — ‘It’s About Diversifying’

    The fight for the African commuter is no longer solely about offering the cheapest or fastest ride.

    Yango Group Launches $20M Venture Fund to Back African Startups

    The fund will target startups from the seed stage through to Series B funding rounds.

    In Memoriam: Bumpa Co-founder Adekunle Bakare Passes Away, Leaving a Legacy in Nigerian Tech

    Before co-founding Bumpa in 2018 alongside Kelvin Umechukwu, he had already amassed over a decade of experience in software development and technology infrastructure.

    As Edtech Struggles in Nigeria, One Startup Banks on Its Tutor—and the International Market—for a Turnaround

    A wave of economic turmoil is hitting Nigerians—and, by extension, startups—eroding their purchasing power. In response, one startup is turning to international markets under new leadership.

    VestedWorld’s Rising Star Fund Nears Target with $20m Raise for African Startups

    The Rising Star Fund will focus on deploying capital into early-stage ventures across seven key African markets.

    Egypt’s SWVL Turns to Fintech to Revive Its Struggling Fortunes

    The recent green light from Egypt’s Financial Regulatory Authority (FRA) for a raft of new fintech licenses hints at the favorable regulatory environment in SWVL’s home market.

    Sequoia-Backed Telda Expands Market Reach with Brokerage Acquisition After Regulatory Nod

    By 2023, Telda reported 1.5 million app downloads, 500,000 active users, and processed transactions worth $300 million.

    Okra-backer Susa Ventures Launches $175M Seed-Stage Fund — ‘We Don’t Care Who Else Is in the Round.’

    The firm was an early investor in Andela, a company that trains software developers across the continent, and in Okra, a Nigerian open finance fintech infrastructure company.

    Latest articles

    South African IoT Scaleup Karooooo Takes on Debt to Hoard AI Memory Chips

    The central question is whether the chip stockpile proves to be prudent insurance or an expensive bet.

    “It’s a Fad, like Crypto Coins”: Why a Developer Built a Census for Nigeria’s Chaotic Gaming Scene

    In the space of a fortnight, a handful of browser games built by Nigerian developers has generated more attention, and more argument, than the country’s game industry has seen in years. The question is whether any of it constitutes a market.

    Egypt’s Tech IPO Freeze Thaws as MNT-Halan Draws Record Demand

    MNT-Halan begins trading on the Egyptian Exchange today, marking a significant step forward for the company and Egypt’s fintech sector.

    Disrupt Africa and Touch Inspiration Launch Accelerator to Target Non-Technical African Founders

    Disrupt Africa, a leading pan-African tech news, research, and podcast platform, has partnered with...