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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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    African Crypto Exchange Yellow Card Shifts Focus to Businesses with $33M Investment

    The company’s ability to engage constructively with regulators in Africa has set it apart from global counterparts like Binance and Coinbase, which face more adversarial regulatory environments.

    Nigeria’s Klasha Expands into Asia with $2M Boost from Existing Investors

    Klasha, a leading global cross-border payments company, recently raised an additional $2 million in...

    Ecommerce Giant Jumia Pulls Out of South Africa and Tunisia

    “Since assuming the role of CEO, I have focused on initiatives aimed at strengthening our business.”

    Grid Africa Raises $2.8M to Power South Africa’s Renewable Energy Future

    “The recent developments in the country’s energy security present an opportunity for businesses to explore solar energy as a viable solution to counter escalating electricity prices."

    AAIC Backs BIMA to Expand Affordable Health Insurance Across Africa

    AAIC’s Africa Innovation and Healthcare Fund (AHF2) was launched in 2022 to invest in innovative healthcare solutions across the continent.

    Lapaire Raises $3.2M for Eye Care Expansion Across Africa

    This latest investment follows a previous funding round in January, where Lapaire secured $3 million to bolster its growth.

    Swvl Shifts Headquarters to Riyadh as Part of Saudi Arabia’s RHQ Program

    Swvl, known for its technology-driven transportation services, has been operational in Saudi Arabia for four years.

    Tunisia 2025 Budget: Zero Tax on Startup Investments, but Can Founders Bank on It?

    The budget proposal also addresses Tunisia’s energy transition, lowering customs duties on imported solar panels from 30% to 10%

    Local Card Giant Verve Reaches 70 Million Issuances in Nigeria

    Verve’s cards can be used across various channels, including point-of-sale (POS) terminals, automated teller machines (ATMs), web and e-commerce platforms, agency banking networks, and mobile apps.

    “We Succeeded in Acquiring the Tech Back” — iProcure Co-Founder Reflects on Journey Post-Administration

    "We had to employ executives who took stock options and were paid four times our salary for something we spent eight years building."

    Egypt’s Rabbit Mobility Raises $1.3M to Roll Out Electric Scooters across North Africa

    The fresh capital injection will support Rabbit Mobility’s efforts to expand its fleet and scale operations, enhancing its market presence in Egypt and setting the stage for a broader rollout across North Africa.

    Mobility Fintech Moove Enters Mexico City as Part of Latin America Expansion

    Moove, founded in 2020 by Ladi Delano and Jide Odunsi, initially focused on addressing the challenges of vehicle financing in African markets.

    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.