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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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    Egyptian Fintechs, Chasing Licenses, Get Lifeline with Regulatory Sandbox Launch

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

    North African VCs Extend Overseas Foray with $1.2M Investment in France’s Upfund

    CDG Invest’s involvement in Upfund follows its recent participation in a $2.4 million seed round for Amsterdam-based hospitality tech startup Userguest.

    Uganda’s KaFresh Secures Funding to Extend Fresh Produce Longevity

    Made from plant-based materials, including overripe fruits, the solution delays spoilage by reducing oxidation and microbial decay.

    Cameroon’s Fako Capital, I&P’s Latest Anchor Fund, Targets $500K Investments in High-Growth Startups

    Fako Capital joins a growing network of African impact funds nurtured by I&P

    Lesaka’s Acquisition Streak Continues, Utility Innovator Recharger Snapped Up in $28M Deal

    Recharger operates a base of over 460,000 registered prepaid electricity meters, catering to landlords and tenants.

    South African Fintech Mama Money Rolls out New WhatsApp-based Bank Cards

    The Mama Money Card is making it much easier for under-served communities to get their own bank service where all they need is proof of identity such as a passport, asylum document or South African ID to register for Mama Money on their phone.

    In Francophone West Africa, Payment Cards are Run by Banks, Not Fintechs

    The COVID-19 pandemic played a catalytic role in accelerating digital payments. In 2023, digital payment transaction volumes surged by 33.78%

    Algeria’s Startup Ministry Produces Three Ministers in Landmark Cabinet Reshuffle

    These appointments signify how the startup ministry, established recently in 2020 to nurture the country’s entrepreneurial ecosystem, has become a critical talent pipeline for Algeria’s government.

    Kenya’s Hydrobox Secures $9.5M to Expand Clean Energy Access in Rural Communities

    Hydrobox collaborates with local stakeholders and regulatory bodies to ensure responsible implementation and long-term benefits for communities.

    Algeria’s Disruptor Startup Minister Replaced in Cabinet Reshuffle

    Oualid, who assumed office in 2020 at just 26 years old, made headlines as Africa’s youngest minister at the time.

    Senegal’s Socium Raises $5M to Fuel HR Automation in 21 Francophone Countries

    The startup’s primary markets include countries such as Morocco, Cameroon, and Congo, among others.

    Lingawa Targets the African Diaspora Market with $1.1M Pre-seed Funding for Native Language Learning

    Lingawa, an edtech startup that recently rebranded from TopSet, has raised $1.1 million in...

    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.