The African tech community is grappling with the shocking suicides of prominent figures within a single month.

Investors were likely drawn to Waza’s rapid growth trajectory. Within five months, the company increased its monthly payment volumes from $280,000 to $70 million, translating to an annualized volume of $700 million.

The launch of “Boost Up Lab” in Tangier follows the successful conclusion of a similar program in Casablanca. The Casablanca edition attracted 45 participants and resulted in a significant increase in revenue and job creation for participating startups.

Jumia’s capital raise comes in the wake of its financial results for the first half of 2024, where the company reported $85.37 million in revenue — a slight increase from $85.28 million in the same period the previous year.

FIDO’s recent $10 million funding round follows its successful Series A raise of $30 million in 2022, which was led by Fortissimo Capital.

Wattnow has already made significant strides in the market, with its solution deployed on over 500 sites across three continents.

Established in 2020 with a capital of 1.2 billion Algerian dinars ($8.9 million), the Algeria Startup Fund is a joint venture between the Ministry of Knowledge Economy, Startups...

Africa remains a bright spot for the fintech giant...The region now makes up 23% of dLocal’s total gross profit, underscoring the continent’s growing importance to the company.

“We believe that OAE’s software solutions can be deployed across the country, and we are committed to helping them achieve this goal.”

The proceeds from the CP issuance will be used to support FairMoney’s short-term liquidity requirements and fund the expansion of its loan book.

The new system, operational 24/7, allows for real-time, round-the-clock transactions of any kind, regardless of the account type.

While the EFCC did not disclose the identities of the wallet owners in its application, insiders have indicated that the wallets are connected to individuals involved in organizing the ongoing protests against the Nigerian government.