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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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    Morocco’s z.systems Raises $1M to Empower Traditional Retailers

    z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”

    Germany’s KfW Backs New $25M Funding for African Cleantech Firms

    “CEI Africa’s work to promote energy access in Sub-Saharan Africa is needed now more than ever.”

    Fresh Unicorn MNT-Halan Taps UAE Expat Workers in $2.7B Monthly Market Opportunity

    MNT-Halan’s entry into the UAE comes on the heels of a $157.5 million funding round in July, led by a $40 million investment from the International Finance Corporation (IFC).

    Cracks in the Model? Credibility Crisis in Africa’s Crowdfarming Platforms Reaches Its Crescendo

    "It’s incredibly painful [not] to get your money back."

    Nigeria’s Billboxx Raises $1.6M to Resolve SMEs Cash Flow Problems at the Root

    Before co-founding Billboxx, Obaoye and Ogunjobi were instrumental in launching Fixit45, a Nigerian auto-tech startup that raised $1.9 million in pre-seed funding in 2023.

    South African AgriTech Startup Pumpkn Secures New Funding to Expand SME Financing Solutions

    This funding comes on the heels of significant backing earlier this year.

    Camco Raises $185M to Back Africa’s Renewable Energy Ventures

    By focusing on distributed and small-scale solutions, REPP 2 seeks to bridge the estimated $22 billion annual funding shortfall required to meet the United Nations Sustainable Development Goal 7 (SDG7) of universal energy access.

    Will Ghana’s New Leader Deliver on $50M Fintech Fund Promise?

    “We did it for the pharmaceutical industry, and we can do it for fintech.”

    Leading Fintech Fawry Eyes ‘Lucrative’ Saudi Market in Expansion Drive Focused on Egypt’s Diaspora

    Back home, Fawry is navigating regulatory pathways to expand its service offerings.

    Renew Capital Expands Africa Investments: Tunisia’s Konnect and Kenya’s STIMA Join Portfolio

    Renew Capital has broadened its impact investment footprint in Africa with recently strategic backing for two startups driving innovation in fintech and e-mobility

    Over 3,000 Angel Investors Now Exist in Africa: Here’s Who They Are and Where to Find Them

    Angel investors in Africa show a preference for high-growth, scalable startups with proven market traction.

    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.”