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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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    South African University Spin-offs Attract Investor Interest

    UTF II will target 15 to 20 investments, focusing on scalable technology IP across diverse sectors.

    South African Fintech UsPlus Secures $2 Million to Expand SME Financing

    Invoice factoring, a core service offered by UsPlus, allows businesses to access immediate cash by selling their outstanding invoices at a discount.

    Ivory Coast’s Cauridor Secures $3.5 Million to Strengthen Africa’s Payment Infrastructure

    Cauridor was founded by Oumar Rafiou Barry and Abdoulaye Bah, two Guinean entrepreneurs who encountered firsthand the difficulties of sending money back home while studying in Canada.

    Early-Stage Investor Saviu Reports Multi-Bagger Return on Lapaire Investment After Exit

    Saviu first invested in Lapaire in 2018, participating in subsequent funding rounds and ultimately holding a 22% stake.

    Backed by New $13M, Egypt’s Simplex is Building a Major CNC Factory in Riyadh

    CNC machines, which use pre-programmed software to automate the movement of machine tools, are crucial for modern manufacturing processes.

    Egypt’s New ‘Free’ Tax System Leaves Startups Out in the Cold

    Egyptian founders meet with the government often about their 'precarious' state, but to what end? A new law hopes to provide an answer.

    Bento CEO’s ‘Chaotic’ Run Comes to an End Amidst Tax Allegations and Client Exodus

    This is not the first time Mr. Okubanjo’s leadership has come under scrutiny.

    UK Backs New GSMA Innovation Fund for African AI Startups

    The fund will offer grants ranging from £100,000 to £250,000 for projects lasting 15–18 months.

    Swedfund Backs African Infrastructure Fund in $41.6M Deal

    Africa, considered the most energy-deficient continent, is home to 75 per cent of the world’s population without electricity access

    Who’s Next? HostAfrica Expands Its Nigerian Footprint with Another Acquisition

    This is not HostAfrica’s third foray into Nigeria.

    US Still Wants Foreign Startup Founders and VCs under Parole Visa, But at New Fees

    For venture capitalists or government funders looking to back such entrepreneurs, the minimum investment in startups within a five-year period will increase from $633,952 to $746,571.

    African Fintechs Shift Focus to Engagement as Ad Budgets Tighten

    This..."clearly shows a huge opportunity to connect with consumers through mobile apps.”

    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.