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    Khazna Joins Egypt’s Consumer Finance M&A Rush With Pharos Acquisition

    A regulatory clampdown has turned existing consumer finance licences into scarce commodities, sparking a rush of high-stakes deals across Cairo.

    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
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    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.

    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.

    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.

    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.

    Zambian Digital Lender eShandi Eyes African Dominance with 1M Users and New Expansion

    The company reported a revenue surge from $100,000 in 2020 to $12.2 million in 2023.

    CrossBoundary Energy Secures $140M to Scale Renewable Energy Across Africa

    Despite Africa’s abundant renewable energy resources, financing constraints remain a major hurdle.

    Nigerian-Led Recursive Capital Backs African Bitcoin Startups with New Fund

    According to Recursive Capital’s strategy, the fund targets early-stage companies, providing equity investments ranging from $50,000 to $100,000 per portfolio company.

    Acumen Invests $5M in d.light to Expand Clean Energy Access Across East Africa

    d.light allows customers to pay for solar products in installments, making them more affordable.

    Saudi’s Edafa Venture Capital to Inject $30M into Egyptian Startups, Eyes Kenya Next

    Edafa recently acquired a strategic stake in Taskedin, an Egyptian task management and digital workspace platform.

    Egyptian Freight Startup Nowlun Lands $1.7 Million to Streamline Logistics

    Nowlun aims to disrupt this landscape by leveraging technology to simplify and optimize freight operations

    Nigeria’s Auto-Tech Scene Is Quietly Battling a Co-Founder Retention Crisis

    Co-founder exits are not unique to Nigeria’s auto-tech sector, but the frequency and timing of these departures are troubling.

    “How Long Does It Take to Review a Licence?” — Namibians Question Cease-and-Desist Order on Starlink

    Starlink’s potential entry into Namibia has generated significant interest, particularly among rural and underserved communities.

    Latest articles

    Khazna Joins Egypt’s Consumer Finance M&A Rush With Pharos Acquisition

    A regulatory clampdown has turned existing consumer finance licences into scarce commodities, sparking a rush of high-stakes deals across Cairo.

    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.