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    Aries Media Ventures Launches Fund I to Back Underfunded Mediatech Startups in Sub-Saharan Africa

    Former NBCUniversal exec is ditching Hollywood to back African mediatech

    9,228 Daily Swaps: Egyptian Billionaire-Backed Blu EV Tests the Limits of Battery-as-a-Service in MENA

    Naguib Sawiris's battery-swapping group has built the largest network of its kind in the Middle East and North Africa. Whether each cabinet earns back the batteries it cycles is a question it has not answered.
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    Moroccan AI Spin-off ToumAI Secures $1 Million in Pre-Seed Funding

    Yousef Rahmani, who holds a Ph.D. in Law from the University of Oxford, co-founded ToumAI Analytics in 2020.

    Israeli Unicorn StarkWare Launches $4 Million African Venture Fund for Blockchain Startups

    Startups can apply for grants ranging from $150,000 for early-stage projects to larger investments, generally up to $500,000, for more established teams.

    African Infrastructure Investor Secures $400m for Clean Energy Projects

    The Murabaha structure, in particular, avoids speculative practices, making it a suitable instrument for financing tangible infrastructure projects.

    Swvl Rehires Ahmed Misbah as Chief Financial Officer Amidst Financial Challenges

    Mr. Misbah’s return comes at a critical juncture for Swvl, which is grappling with financial headwinds.

    Trump’s Foreign Policy Shift Shutters Prosper Africa, a Key Deal Maker for African Startups. What’s Next?

    Prosper Africa partnered with initiatives like Future Africa’s Accelerate Africa (A2) program, which prepares early-stage African founders for global scaling.

    Nigerian Fintech Verto Wants to Back African Startups Targeting International Markets

    Applications will open on February 6, 2025, and will be open to businesses operating for a maximum of two years.

    Africa50 is Betting Big on African Climate-Tech with New $500M Fund

    The new fund, dubbed the Alliance for Green Infrastructure in Africa (AGIA), will focus on off-grid power companies and distributed renewable energy solutions.

    Seed to Series A Focus: Saviu Ventures Raises $26M for Francophone Africa

    Saviu II will deploy investments ranging from €500,000 to €3 million, often acting as a lead or reference minority shareholder.

    Fintech Unicorn Wave Takes Over Senegal’s Largest E-Ticketing System

    Senegal’s largest e-ticketing system for public transport is now fully powered by Wave, the fintech unicorn that has taken the country’s financial landscape by storm.

    Can Egypt’s Latest Prime Minister-Led Startup Push Finally Deliver on Its Promise?

    This isn’t the firs.t time the Egyptian government has attempted to transform the country’s startup ecosystem.

    Beltone Ventures Invests in Moroccan Eyewear Startup LNKO as Investor Interest in African Optics Grows

    The African eyewear market is attracting increasing attention from investors.

    Nigerian Investors Owed the Most as Mobility Startup Gokada Battles $5M Debt in Delaware Court

    The Delaware Bankruptcy Court proceedings recently took a significant turn with the appointment of a Subchapter V Trustee, who is often appointed if there are allegations of mismanagement or non-compliance.

    Latest articles

    Aries Media Ventures Launches Fund I to Back Underfunded Mediatech Startups in Sub-Saharan Africa

    Former NBCUniversal exec is ditching Hollywood to back African mediatech

    9,228 Daily Swaps: Egyptian Billionaire-Backed Blu EV Tests the Limits of Battery-as-a-Service in MENA

    Naguib Sawiris's battery-swapping group has built the largest network of its kind in the Middle East and North Africa. Whether each cabinet earns back the batteries it cycles is a question it has not answered.

    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.