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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.

    From Lagos Ride-Hailing to Global Robotaxis: Moove Raises $250M at $2.1B Valuation

    The valuation represents a 2.8-fold increase from the $750mn the company commanded in its $100mn Series B round led by Uber in 2024.
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    Juicyway Secures $3M Pre-Seed to Transform Cross-Border Payments in Africa

    Licensed in Nigeria, Canada, the USA, and the UK, Juicyway has processed $1.3 billion across 25,000 transactions, and 4,000 customers

    Equator Africa Fund Secures $5M from Proparco to Scale Climate-Focused African Startups

    Equator Africa Fund, a climate-focused investment vehicle, concentrates on three key sectors critical to the continent’s climate transition: energy, agriculture, and mobility.

    A New Digital Tax Overhaul in Kenya Leaves More Questions Than Answers

    As Ruto’s ink of presidential assent dries, the path to enforcement reveals a story of lofty aspirations tempered by ambiguous complexities.

    Egypt’s First SPAC Acquisition Targets Recently Funded Digital Lending Platform Qardy

    Catalyst Partners became Egypt’s first SPAC after receiving approval from the Financial Regulatory Authority (FRA) in September.

    Algebra Ventures’ Founder Transitions to Fintech, Secures Digital Lending License for Oliv Finance Amid Regulatory Freeze

    Mokhtar, who played a key role in the establishment of Algebra Ventures, has now transitioned into the fintech sector with the goal of revolutionizing SME financing.

    Sanari Capital Targets Technology-Driven Growth with New $80M Africa-Focused Fund

    The fund’s investors include prominent South African pension funds and workers' unions.

    Foreign Funds Dominate Africa’s Data Centers, But the Race to Catch Up is On

    “Johannesburg and Nairobi, Africa’s leading data center markets, have a combined live IT power of just 74 MW — starkly inadequate compared to Dublin and London’s over 1,500 MW."

    South Africa to Revoke More Crypto Licenses by June 2025

    106 applications for crypto licenses were voluntarily withdrawn after consultations revealed shortcomings.

    AfDB Seeks to Back Africa-Focused VCs Through New $420M Funding Deal

    AfDB is the largest fund-of-funds investor in Africa, with $1.36 billion committed to 74 private equity and venture capital funds.

    Prolific African Investor BCV Winds Down Activity from Current Fund

    BCV II was one of the few venture capital funds primarily focused on East Africa.

    Chinese EV Firms Summoned in South Africa Amid 150% Tax Rebate

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

    Egypt Integrates Apple Pay and Card Encoding for a Digital Payment Revolution

    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.

    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.

    From Lagos Ride-Hailing to Global Robotaxis: Moove Raises $250M at $2.1B Valuation

    The valuation represents a 2.8-fold increase from the $750mn the company commanded in its $100mn Series B round led by Uber in 2024.

    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.”