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    Staff Writer

    https://launchbaseafrica.com
    Updates

    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.
    Updates

    EFG Finance Takes Majority Stake in Egypt’s First Remittance Aggregator Balad

    The transaction hands control of the startup to one of Egypt’s largest financial groups.
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    Ecosystem News

    Algeria’s Disruptor Startup Minister Replaced in Cabinet Reshuffle

    Oualid, who assumed office in 2020 at just 26 years old, made headlines as Africa’s youngest minister at the time.
    Deals

    Senegal’s Socium Raises $5M to Fuel HR Automation in 21 Francophone Countries

    The startup’s primary markets include countries such as Morocco, Cameroon, and Congo, among others.
    Updates

    Amenli Raises $2.3 Million, Eyes Growth in Egypt’s Underserved Insurance Market”

    Amenli primarily operates in Egypt, leveraging its local expertise to address the unique challenges of low insurance awareness and adoption.
    Updates

    Egypt’s Qara Gets $2.6M to Scale Product Authentication and Combat Counterfeiting

    To date, Qara has authenticated over 28 million product units and connected more than 50,000 business users across its primary markets of Egypt, KSA, and Kenya.
    Deals

    Lingawa Targets the African Diaspora Market with $1.1M Pre-seed Funding for Native Language Learning

    Lingawa, an edtech startup that recently rebranded from TopSet, has raised $1.1 million in...
    Analysis & Opinions

    The Ecosystem Within: Nigerian Startups Partner More With Each Other Than With Outsiders

    With partnerships reported by 68% of respondents in the last decade, the ecosystem leans heavily on a “collaborative survival” model.
    Partner Content

    Open Source Leader CNCF Partners with Andela to Train 30,000 Africans in Cloud Technology, Free of Charge

    The program, scheduled to launch next year, will span two to three years.
    Updates

    Acumen Commits $300M to Fund Agritech Startups Focused on Climate Adaptation in Africa

    The investments will focus on pre-seed, seed, and growth-stage startups across key regions, including West and East Africa, South Asia, and Latin America.
    WESTERN AFRICA

    Nigeria Devalues Local Currency by 75% in 2025 Budget: Tech Industry on Red Alert

    The startup ecosystem, once a magnet for foreign capital, has been decimated.
    Policy & Regulations Forum

    Egyptian and Nigerian Fintechs Return to Local Debt Markets Amid Stricter Fundraising Rules

    The reliance on local debt instruments is not new for African startups.
    Latest Funding

    Egypt’s Swvl Raises $4.7M for US Market Expansion

    Swvl intends to channel the proceeds into working capital and operational expansion, particularly in regions with high growth potential.
    Partner Content

    Swvl Secures New $4.2 Million in Egyptian Contracts as Questions Surround Financial Stability

    The contracts come on the heels of Swvl’s strategic five-year deal with e& Egypt, a telecommunications leader, valued at up to $6.3 million.
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    Latest articles

    Updates

    Why African Fintech PalmPay Is Eyeing Hong Kong for a $1bn IPO

    Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.
    Updates

    EFG Finance Takes Majority Stake in Egypt’s First Remittance Aggregator Balad

    The transaction hands control of the startup to one of Egypt’s largest financial groups.
    Ecosystem News

    From Lagos Ride-Hailing to Global Robotaxis: Moove Raises $250M at $2.1B Valuation

    The valuation represents a 2.8-fold increase from the $750mn the company commanded in its $100mn Series B round led by Uber in 2024.
    Updates

    Egyptian Venture Funds Hunt for Cash Returns Amid Liquidity Crunch

    Cairo-based investors pivot from portfolio mark-ups to partial divestments and trade sales to satisfy foreign limited partners.

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