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    Staff Writer

    https://launchbaseafrica.com
    Updates

    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.
    Updates

    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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    NORTHERN AFRICA

    Egypt Nears $1B Fund of Funds Deal to Back Local VCs and Startups After Initial $50M Win

    The fund has already backed prominent venture capital firms such as Endure Capital, which in 2022 closed its $50 million Africa-focused fund.
    Ecosystem News

    Digital Freight Startup MVX Shutters Amid Nigeria’s Worsening Currency Crisis

    The company raised $1.3 million in seed funding in 2021 from investors.
    Industry

    Kenyan Agri-Fintech VunaPay Tops Latitude59 Pitch, Sets Sights on Europe

    Estonia, home to the highest concentration of unicorns per capita in Europe, continues to play a pivotal role in global tech, with companies like Bolt and Admiral Markets active in Africa.
    Updates

    Namibia Orders Starlink to Halt Operations Over Licensing Issues

    Starlink has applied for a telecommunications service license, according to Nghikembua, but the application remains under review.
    EASTERN AFRICA

    Ethiopia Picks Nigeria’s Kuramo Capital to Lead $100M Fund Targeting Startups

    Kuramo Capital will serve as the general partner, overseeing the fund’s establishment and mobilizing capital to achieve a first close by 2025.
    Industry

    Ventures Platform Investor Proparco Appoints Nigerian Head to Oversee East Africa

    In 2022, the agency invested $5 million in Ventures Platform, a Nigeria-based early-stage fund.
    Updates

    Fuzé Investment Series: Cameroun’s VerZ Joins Funding List

    Fuzé by Digital Africa is an investment program designed to elevate African startups with seed-stage funding and strategic support.
    Policy & Regulations Forum

    Algeria Rolls Out New Digital Banking Rules: Opportunity or Over-Regulation?

    It sets the framework for authorizing, structuring, and operating digital banks, offering a blend of modern ambition and vintage bureaucracy.
    Analysis & Opinions

    How Valuable Are ESOP Plans in African Tech? Fawry Offers a Compelling Case

    For every Fawry, there are countless tech startups where ESOPs might turn into little more than unfulfilled promises.
    Ecosystem News

    Prolific Nigerian Tech Investor Spins Out JADA, to Train AI Talent for the Global Market

    JADA's latest funding represents an important step for the startup, but it is also part of a broader strategy to establish Africa as a hub for AI expertise.
    Updates

    Egypt’s Foreign Remittance Hits $20 Billion in 9 Months, But Local Fintechs Remain Sidelined

    Despite the remittance boom, the market remains dominated by established international players.
    Venture Capital & Funding Sources

    LeapFrog Raises $1.15B to Scale Healthcare, Finance, and Climate Solutions in Africa

    LeapFrog has a strong history of investing in Africa, with past investments in companies such as JUMO and Interswitch.
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    Latest articles

    Updates

    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.
    Updates

    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
    Updates

    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.
    Updates

    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.

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