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    AfDB Backs Francophone Tech With $7.6m Bet on Saviu II Under New President

    Saviu II is managed by Saviu Partners and will target seed-stage and first institutional rounds, writing cheques of between €500,000 and €3m.

    MNT-Halan’s New Moat? Egypt Freezes New Fintech Licences After 182% Growth

    For MNT-Halan and its peers, the next 12 months offer something almost as valuable as capital: time.
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    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

    Looking ahead, Kredete plans to scale its money transfer services to all African countries, expanding beyond the 20 currently available.

    Ethiopia Launches First-Ever Regulatory Sandbox to Boost Fintech Startups

    The application window for the first cohort of the Regulatory Sandbox is now open and will close on September 30, 2024. You have 30 days to submit your application.

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.

    Ampersand Secure New Funding to Accelerate Electric Motorcycle Expansion in East Africa

    Ampersand, the Nairobi-based electric transport energy company, has announced a major financial boost with...

    MTN Fintech Unit’s Latest Board Shake-Up: A Sign of IPO Ambitions?

    “These appointments align with the focus of accelerating growth, completing the structural separations, and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term.”

    DOB Equity Appoints Local Talent to Replace Resigned CEOs After Failed Investments

    The challenges Karen inherits are substantial. The resignation of her predecessors and the recent financial struggles within DOB Equity’s portfolio have prompted questions about the firm’s future direction.

    $100K Up for Grabs: Timbuktoo HealthTech Hub Seeks Startups in African Healthcare

    The accelerator program is open to startups focused on a wide range of health technology areas.

    Flutterwave Expands African Reach with Ugandan License

    Flutterwave’s expansion into Uganda follows recent acquisitions of payment licenses in Ghana and Mozambique.

    Building Global Bridges: 60 Algerian Startups Learn from Asian Tech Giants under ASEP Program

    “These visits will offer startups a global perspective, allowing them to draw inspiration from international best practices,” said Sidali Zerrouki, CEO of Algeria Venture.

    Nigeria Grants First Crypto Exchange License to Quidax

    The SEC’s licensing follows a comprehensive amendment to its rules in June 2023, which addressed digital asset issuance, offering platforms, exchange, and custody.

    Logistics Startup Logidoo Debuts Afridoo, a One-Stop E-commerce Shop

    This strategic move marks Logidoo’s expansion into the digital commerce space, offering a one-stop solution for businesses of all sizes looking to establish or expand their presence in the booming African e-commerce market.

    Latest articles

    AfDB Backs Francophone Tech With $7.6m Bet on Saviu II Under New President

    Saviu II is managed by Saviu Partners and will target seed-stage and first institutional rounds, writing cheques of between €500,000 and €3m.

    MNT-Halan’s New Moat? Egypt Freezes New Fintech Licences After 182% Growth

    For MNT-Halan and its peers, the next 12 months offer something almost as valuable as capital: time.

    African Startup Funding in Early 2026: More Money, Less Venture

    The squeeze is most visible at the growth stages.

    SolarAfrica Buys Out Its Own Backer in $39m Secondary

    The CESA buyout comes as SolarAfrica is simultaneously executing a broader transition in its business model