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    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

    Egyptian Venture Funds Hunt for Cash Returns Amid Liquidity Crunch

    Cairo-based investors pivot from portfolio mark-ups to partial divestments and trade sales to satisfy foreign limited partners.
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    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.

    South African SaaS Startup TACo Raises $1.6M to Power AI Sustainability Platform

    This milestone investment attracted contributions from NEXT176, Holocene, Catalyst Fund, E Squared, Aions, and Jozi Angels

    Novastar Ventures Backs Sistema.bio with $3M to Expand Biogas Solutions in Africa

    This marks the first investment from Novastar’s Africa People and Planet Fund III (NVIII).

    Egyptian Fintech Raseedi to Offer 5-Minute Loans After Kashat Acquisition Deal

    Raseedi currently boasts 120,000 monthly active users and aims to increase this figure to 1.5m within six to eight months.

    From Remittances to Deposits: Mukuru Launches Banking Operations in Zimbabwe

    Remittances from the Zimbabwean diaspora reached $1.9 billion between January and September 2024, a 16.5% increase compared to the same period in 2023.

    Expensya Founders Exit Two Years Post-Medius Deal, Launch AI Venture

    In 2023, Medius, a leader in accounts payable automation, acquired Expensya for a reported sum exceeding $100 million.

    Why New CEOs Struggle to Save African Startups After Founder Ousters

    Post-Bench — the Canada-based accounting and tax platform that shut down after raising $113 million — founders worldwide are increasingly scrutinizing their cap tables.

    Global Investors Are Buying Up South African Cybersecurity Firms in Record Numbers

    The feeding frenzy is showing no signs of abating anytime soon.

    Top African Infrastructure Investor Taps Chinese Markets for Funding

    “The AAA rating allows us to forge stronger ties with Asian markets, enabling investments that drive economic development, job creation, and prosperity in Africa.”

    Marseille: A New Entrepôt for Startups in Tunisia

    L’Accélérateur M, a Marseille-based accelerator programme, has seen Tunisian startups comprise approximately 90 per cent of its international cohorts.

    Latest articles

    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

    Egyptian Venture Funds Hunt for Cash Returns Amid Liquidity Crunch

    Cairo-based investors pivot from portfolio mark-ups to partial divestments and trade sales to satisfy foreign limited partners.

    Canal+ and General Catalyst Back African Payments Startup Moment in $22M Series A

    “Within three years of launch, we are processing for some of Africa’s leading brands.”

    Valu Tests New $20M Debt Deal amid Central Bank Squeeze

    The transaction arrives amidst a major regulatory reset for Egypt’s structured finance market.