The acquisition of Habari is part of Mawingu’s broader buy-and-build strategy to scale its footprint in East Africa.

The shares will be priced at 760 Algerian dinars (DA) each, equating to approximately $5.70 per share.

This is a one-of-a-kind deal and opens a new pathway for other Egyptian startups seeking funding.

Under Egypt's SPAC rules, Catalyst Partners has two years to finalize its acquisitions or return capital to its investors.

Moniepoint's early investors recently secured significant returns through secondary sales during the company's $110M Series C round. Now, investors in Africa's clean technology sector aim to replicate—and even surpass—this success.

Despite recent wins, Swvl’s financial health remains under scrutiny.

In under a year, Solarbox has partnered with prominent industry players across Senegal, including Orange Energies, FedEx, Paps Logistics, Plastic Odyssey, Swiss Fresh Water, Health in a Box, and Fleetch.

Nigeria's inflation rate surged to 33.88% in October, making foreign currency financing increasingly costly for businesses.

Ariika reported a compounded annual growth rate (CAGR) of 90% since its inception, serving over one million customers worldwide and generating 15% of its revenue through exports.

Currently, over 90% of VCTF funding originates from foreign sources.

“Africa is experiencing a population boom while venture capital inflows have declined sharply.”

The sandbox offers a unique solution, allowing businesses to trial their solutions with the support of regulatory oversight