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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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    Singapore’s XA Network Backs African Startups in Latest Global Expansion

    Singapore-based investment network XA Network has announced its expansion into Africa with the launch...

    MaxAB Co-founder Departs Two Months After Landmark Merger with Wasoko

    Since co-founding MaxAB in 2018, Ben Halim has been instrumental in steering the company’s growth across Egypt and Morocco

    Kua Ventures’ Unique VC Approach Captures Investor Attention

    Peter Fry, Executive Director of Kua Ventures, says the firm’s “3C model” is very effective.

    Moroccan Venture Capital Giant Rebrands as MNF Ventures Amidst Setbacks, Global Growth

    MNF Ventures’ flagship fund, Maroc Numeric Fund II, operates as an institutional vehicle focused on nurturing technological innovation

    Ghanaian HealthTech mPharma Doubles Down on Profitable Francophone Africa Expansion

    The renewed focus by mPharma on Francophone Africa comes on the heels of its latest fundraising round.

    IFC Backs $200M Acumen Fund to Light Up Africa

    Acumen ’s Hardest-to-Reach Fund targets off-grid solar companies operating in 16 countries across Sub-Saharan Africa.

    Kenya-Based VC Firm DOB Equity Pivots Investment Strategy Under New CEO

    As DOB Equity embarks on this new chapter, the industry will be closely observing how the firm’s refocused strategy will shape its future.

    Why Are Egyptian Startups Moving Headquarters Abroad, in Droves?

    This migration is not just a matter of convenience.

    Binance Exec Denied Bail in Nigeria, Again After Nearly a Year

    Gambaryan’s lawyer argued that his client’s health was in a “perilous” state, requiring urgent surgery for a herniated disc as well as psychiatric care due to severe anxiety and depression.

    Ivorian Fintech Waribei Secures Pre-Seed Funding to Expand its Digital Platform

    Waribei was founded by Ladislas Pham and Frédéric Fameni. The startup’s platform addresses a long-standing issue in West Africa’s retail sector: the limited availability of credit to SMEs.

    Endeavor South Africa Raises $10.8M in First Close of Harvest Fund III, Targets African Tech Firms 

    Endeavor aims for similar outcomes with Harvest Fund III, targeting a return of 25%, or three to four times the invested capital.

    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.