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    Staff Writer

    https://launchbaseafrica.com
    Updates

    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market
    Updates

    What a LinkedIn Account Is Worth to South African Founders

    South Africa’s venture capital market is small, but its founders have found an unlikely way to get in front of investors.
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    WESTERN AFRICA

    Plans to Leave Nigeria? Netflix Faces Pressure to Rethink Amid Film Investment Surge

    The African film and media industry is experiencing a surge in investment
    Policy & Regulations Forum

    Diaspora Dollars at the Click of a Button: Inside Egypt’s Latest Remittance Overhaul

    Egypt’s economy has long depended on its diaspora, which has ballooned to 14 million individuals — up from 2.7 million a decade ago.
    Updates

    “We Once Missed a 10x Exit Opportunity” — Ex-Zoona CEO Reflects One Year After Chipper Cash Deal

    "Having clarity on exits and stakeholders’ ambitions is critical as you scale.”
    Ecosystem News

    Cauris Finance Lands $40M to Fund Africa’s Fintech Ecosystem

    In 2023, the firm participated in a $13 million pre-Series A funding round for Ghanaian e-logistics startup Jetstream Africa, blending equity and debt to drive growth.
    Analysis & Opinions

    Big Promises, Short Lives: The Lifecycle Problem of African Corporate Venture Capital

    The recent closure of ARM Labs Lagos Techstars Accelerator is not an isolated case.
    Industry

    Khulisani Ventures’ $16.5M Fund Targets High-Growth Startups in South Africa — Applications Close January 2025

    The program seeks businesses generating annual revenues of R5–R8 million, with positive cash flows and strong financial reporting.
    Updates

    “Diversification is Key to Survival for Emerging Market Lenders,” Asaak CEO Says Following 27X Market Growth in Mexico Expansion

    “Our shared investors facilitated the acquisition, making it a natural fit.”
    Updates

    TLcom Capital Backs Ivory Coast’s HUB2 with $8.5M to Unify Payments Across Francophone Africa

    The investment will enable HUB2 to process €1 billion in transaction volume in 2024, a dramatic leap from the €70 million handled in 2022.
    Industry

    Ex-Naspers Foundry Chief Joins Prosus Board Following $100M Fund Shutdown

    While Mahanyele-Dabengwa’s board appointment signifies a strong leadership strategy, Naspers is also recalibrating its investment approach.
    Updates

    Morocco’s Enakl Raises $1.4M to Help Reduce Urban Congestion and Pollution in African cities

    Since launching its pilot phase, Enakl has achieved significant traction. The platform manages over 15,000 bookings monthly in Casablanca, with a growth rate of 20% per month.
    WESTERN AFRICA

    France’s Largest VC Firm Backs Senegalese AI Startup LAfricaMobile in $7M Series A

    The company raised €500,000 in seed funding in 2020 and secured €4.3 million ($4.6 million) in the first tranche of its Series A in April 2024.
    Policy & Regulations Forum

    Not Yet: Tunisian Parliament Rejects Reforms to Foreign Currency Account Rules

    The proposed measure was an ambitious attempt to alleviate long-standing frustrations over access to foreign currency.
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    Latest articles

    Updates

    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market
    Updates

    What a LinkedIn Account Is Worth to South African Founders

    South Africa’s venture capital market is small, but its founders have found an unlikely way to get in front of investors.
    Ecosystem News

    IFC Eyes $4m Check in West Africa’s Gigmile as Asset-Financing Fintech Scales

    The proposed injection would form part of the company’s Series A round.
    Analysis & Opinions

    The East Is Settling Into African Tech, Quietly

    A Toyota-backed fund, an Abu Dhabi sovereign investor and a Hong Kong merchant bank sat at the centre of August's largest African-linked funding round. None of them was there by accident.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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