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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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    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.

    South African SaaS Startup TACo Raises $1.6M to Power AI Sustainability Platform

    This milestone investment attracted contributions from NEXT176, Holocene, Catalyst Fund, E Squared, Aions, and Jozi Angels

    Novastar Ventures Backs Sistema.bio with $3M to Expand Biogas Solutions in Africa

    This marks the first investment from Novastar’s Africa People and Planet Fund III (NVIII).

    Egyptian Fintech Raseedi to Offer 5-Minute Loans After Kashat Acquisition Deal

    Raseedi currently boasts 120,000 monthly active users and aims to increase this figure to 1.5m within six to eight months.

    From Remittances to Deposits: Mukuru Launches Banking Operations in Zimbabwe

    Remittances from the Zimbabwean diaspora reached $1.9 billion between January and September 2024, a 16.5% increase compared to the same period in 2023.

    Expensya Founders Exit Two Years Post-Medius Deal, Launch AI Venture

    In 2023, Medius, a leader in accounts payable automation, acquired Expensya for a reported sum exceeding $100 million.

    Why New CEOs Struggle to Save African Startups After Founder Ousters

    Post-Bench — the Canada-based accounting and tax platform that shut down after raising $113 million — founders worldwide are increasingly scrutinizing their cap tables.

    Global Investors Are Buying Up South African Cybersecurity Firms in Record Numbers

    The feeding frenzy is showing no signs of abating anytime soon.

    Top African Infrastructure Investor Taps Chinese Markets for Funding

    “The AAA rating allows us to forge stronger ties with Asian markets, enabling investments that drive economic development, job creation, and prosperity in Africa.”

    Marseille: A New Entrepôt for Startups in Tunisia

    L’Accélérateur M, a Marseille-based accelerator programme, has seen Tunisian startups comprise approximately 90 per cent of its international cohorts.

    Egypt Goes for Remittance Digitization, Part Two: Big Players Tighten Their Grip

    In a bid to fortify its foreign currency reserves and modernize money transfers, the...

    Ethiopia Rings the Bell: Stock Market Returns After Five Decades

    Ethiopia, Africa’s second most populous nation with approximately 120m people, experienced robust economic growth, often exceeding 10 per cent annually, between 2004 and 2019.

    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.