MNT-Halan’s entry into the UAE comes on the heels of a $157.5 million funding round in July, led by a $40 million investment from the International Finance Corporation (IFC).

"It’s incredibly painful [not] to get your money back."

Before co-founding Billboxx, Obaoye and Ogunjobi were instrumental in launching Fixit45, a Nigerian auto-tech startup that raised $1.9 million in pre-seed funding in 2023.

This funding comes on the heels of significant backing earlier this year.

By focusing on distributed and small-scale solutions, REPP 2 seeks to bridge the estimated $22 billion annual funding shortfall required to meet the United Nations Sustainable Development Goal 7 (SDG7) of universal energy access.

Yet, venturing abroad is fraught with risks.

“We did it for the pharmaceutical industry, and we can do it for fintech.”

Back home, Fawry is navigating regulatory pathways to expand its service offerings.

Renew Capital has broadened its impact investment footprint in Africa with recently strategic backing for two startups driving innovation in fintech and e-mobility

Angel investors in Africa show a preference for high-growth, scalable startups with proven market traction.

The new fund targets investments of up to $2 million in seed and Series A rounds, with follow-on investments of up to $5 million.

Sonatel, a subsidiary of the Orange Group, has positioned itself as a key player in digital transformation across West Africa.