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    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.

    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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    Global VC 500 Global Deepens Africa Focus, Taps Senegal’s Dieng to Head African Investment Strategy

    Before joining 500 Global, Dieng served as Head of International Partnerships at Draper University and as an Investor Associate at Draper University Ventures.

    US Gaming VC Tekkorp Capital Stakes Claim in Africa’s Gaming Boom with New Regional Lead

    Africa’s gaming sector has emerged as one of the most dynamic regions for gaming investment worldwide.

    Egyptian Healthtech Vezeeta Ventures into Fintech and ‘Vezeeta Lab’ to Diversify Revenue, Amid Strategic Layoffs

    NymCard, a regional fintech provider, will be instrumental in launching a range of digital financial services through Vezeeta’s platform.

    Google Pours $5.8M into Africa’s AI Future

    Google’s Digital Opportunity of Africa report predicts that AI could contribute $30 billion to Sub-Saharan Africa’s economy by 2030.

    Morocco’s Capital is Buzzing with Gamers, and a New $36M Investment Eyes a Premier Gaming District

    As President Emmanuel Macron arrives in Morocco today, his itinerary reflects more than just diplomatic ties.

    Ethiopia’s ‘Endless’ Startup Act: Can New Council Finally Meet Deadlines?

    The logic here is simple: if the numbers go up, the policy is working.

    Deloitte Taps Egyptian Tech Talent with $30M Hub

    It aims to employ and develop thousands of Egyptian specialists, with a target to increase its current workforce of 350 to 5,000 in the coming years.

    Edge Growth Ventures Raises $2.1M to Back Growth-Stage South African Firms

    Edge Growth’s portfolio already includes firms such as Rentoza, logistics operator DKN Transport, home services startup SweepSouth, among others

    New Crypto Tensions Emerge in Nigeria as Binance Executive Departs Nigerian Prison

    The timing of Gambaryan’s release has stirred fresh debate in Nigeria, given its close alignment with the group’s formation, though neither side has officially linked the two.

    Senegal’s Kopar Express Targets $2.8 Billion Remittance Market with New Government-Backed Neobank 

    With remittances playing a vital role in the Senegalese economy, contributing approximately 9.8% to the nation’s GDP in 2022, the neobank presents an opportunity for the government to capture a larger share of transaction fees currently paid to foreign intermediaries.

    South African Logistics Startup Pargo Enters Egypt Following $4M Fundraising

    Pargo’s entry into Egypt also introduced a “Cash on Collection” option to cater to the country’s predominantly cash-based economy.

    Nigerian Banks Turn to India for Core Banking Software

    The moves by GTBank and Zenith Bank are emblematic of a wider shift within the Nigerian financial services industry.

    Latest articles

    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.

    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.

    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.

    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.