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    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.
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    South Africa Backs Early-Stage Startups with $17M State-Led Seed Fund

    The fund aims to deploy capital to at least 50 early-stage start-ups over its investment period, with a specific focus on technology and innovation.

    South Africa’s TymeBank Nears Unicorn Status as It Surpasses 10 Million Users

    Since its launch, TymeBank has established a substantial physical presence through over 1,000 kiosks and 15,000 retail points across the country.

    Winich Farms Raises $3 Million to Scale Operations and Technology Amid Nigeria’s Agritech Boom

    This marks the second major funding round for Winich Farms, founded in 2020 by brothers Riches and Winner Attai and co-founder Chichebem Jibunoh

    Fawry Leads Africa’s Buy Now, Pay Later Boom with $20M Revenue in Just One Year

    The company has leveraged its digital platform, My Fawry, which boasts over 10 million app downloads, to seamlessly integrate BNPL services for its users.

    US SEC Files Heavy Fraud Charges Against Nigerian Accountants Linked to Tingo Fintech

    The charges against Oyebola follow a recent final judgment against Dozy Mmobuosi, the Nigerian entrepreneur who once led Tingo, a fintech company that claimed to revolutionize the agritech sector in Africa.

    Can Smart Capital’s Flywheel Turn Tunisia Into a Startup Hub? Inside the Numbers

    Smart Capital, authorized by the Conseil du Marché Financier (CMF) and mandated by the government of Tunisia, has undoubtedly built a framework through Flywheel.

    Egyptian VC Beltone Bicycles into France’s VelyVelo in First Overseas Deal

    While the exact size of the investment remains undisclosed, the strategic partnership is poised to drive VelyVelo’s expansion into MENA, where the demand for sustainable transportation is on the rise.

    US Mounts Pressure on Nigeria over Detained Binance Executive Following Founder’s Release

    Nigeria’s Economic and Financial Crimes Commission (EFCC), which oversees Gambaryan’s case, has dismissed these claims as exaggerated, blocking a recent attempt to secure bail for the executive.

    Daba Finance Wins Ecobank Fintech Challenge: A New Era for African Investment

    This year, Daba Finance stood out with its technology-driven investment platform, which facilitates capital raising for businesses of all sizes and sectors.

    How Not to Run a Fintech in Ethiopia — Lessons from SunPay Solutions’ License Revocation

    SunPay’s downfall wasn’t just about regulatory negligence. The company’s handling of day-to-day business affairs also left much to be desired.

    The Rise and Rise of Heavyweight National Startup Funds Across North Africa

    In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.

    Nigeria’s Ed-tech Startup Tespire Bags Funding to Scale AI-powered School Solutions

    Tespire, based in Northern Nigeria, is addressing the critical gap in infrastructure in local schools, where administrative inefficiencies often hinder overall educational performance.

    Latest articles

    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

    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.