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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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    Egypt’s MoneyHash Secures $5.2M to Simplify Payments for Emerging Markets’ Enterprises

    Egyptian fintech startup MoneyHash has secured $5.2 million in a pre-Series A funding round,...

    Maxula Gestion Resumes Funding for Tunisian Startups

    The Start Up Maxula Seed Fund, authorised by the Conseil du Marché Financier (CMF) in November 2018, has been actively investing in Tunisian startups.

    Renew Capital Investment Series: Kenya’s Sevi Secures Funding to Bolster Stock Financing for Retailers

    The platform enables users to access credit for stock purchases, repay conveniently, and focus on scaling their businesses.

    Egypt’s Paymob Expands to UAE with Retail Payment License Backed by $72 Million Series B

    In the UAE, Paymob’s operations have scaled rapidly. Within just 14 months, transaction volumes in the UAE matched what took five years to achieve in Egypt.

    Lofty Alpha Secures IFC Backing for $50 Million Early-Stage Venture Fund

    Lofty Alpha Fund plans to extend its reach across the African continent while leveraging its extensive network of investors and partners.

    South African Insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal

    Founded in 2018 by former Ernst & Young executives and actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked distinguishes itself through a fully digital, AI-driven insurance platform.

    Local Funds Prop Up Moroccan Startups as Foreign VC Remains on the Sidelines

    In 2024 alone, these tech visitors flocking to Morocco helped catapult the North African country to Africa’s number one tourist destination, surpassing Egypt after it secured over 17.4 million visits that year. But as their presence fades, a new tendril is sprouting.

    Rising Telco Tariffs, Shrinking Margins: The Startup Hustle in Nigeria Gets a New Twist

    The timing of this tariff hike could hardly be worse for ordinary Nigerians. Inflation soared to over 30% in 2024

    The Panda Bond Boom: Why African Top Funders Are Rushing to China’s Debt Markets

    China's panda bond market has witnessed remarkable growth, with issuances hitting a record 194.8 billion yuan ($26.7 billion) in 2024 — a 26% increase year-on-year.

    IFC Halts $50m Credit Line for African Fintech Onafriq

    The IFC’s proposed $50m investment, comprising an A Loan and B1 Loan Participations, was intended to further fuel Onafriq’s growth.

    Nigeria’s SeamlessHR Secures $9M in Series A Extension to Drive Africa-wide Expansion

    Founded in 2018 by Emmanuel Okeleji and Deji Lana, SeamlessHR has rapidly established itself as a dominant player in the HR and payroll software market...

    Baobab Network Kicks Off New Investment Round Backing Nigeria’s CreditChek

    Baobab Network’s backing reflects confidence in CreditChek’s ability to replicate the success of solutions like Nova Credit, which has tackled similar challenges for immigrants in the U.S.

    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.