As President Emmanuel Macron arrives in Morocco today, his itinerary reflects more than just diplomatic ties.

The logic here is simple: if the numbers go up, the policy is working.

It aims to employ and develop thousands of Egyptian specialists, with a target to increase its current workforce of 350 to 5,000 in the coming years.

Edge Growth’s portfolio already includes firms such as Rentoza, logistics operator DKN Transport, home services startup SweepSouth, among others

The timing of Gambaryan’s release has stirred fresh debate in Nigeria, given its close alignment with the group’s formation, though neither side has officially linked the two.

With remittances playing a vital role in the Senegalese economy, contributing approximately 9.8% to the nation’s GDP in 2022, the neobank presents an opportunity for the government to capture a larger share of transaction fees currently paid to foreign intermediaries.

Pargo’s entry into Egypt also introduced a “Cash on Collection” option to cater to the country’s predominantly cash-based economy.

The moves by GTBank and Zenith Bank are emblematic of a wider shift within the Nigerian financial services industry.

This is not the first time Colis.ma has attracted investor attention.

“Egypt’s vibrant market, with its rich talent pool and innovative business ideas, offers tremendous potential for companies like ours,” said Haidar Nizam, Zoho’s President for the Middle East and Africa.

PBR Life Sciences gained significant momentum last year when it was selected to join the Techstars Lagos accelerator, a program that supports high-growth startups across Africa.

The Series A equity round was led by Africa50, a pan-African infrastructure investment fund, marking a major milestone as the largest investment by an African fund in an electric mobility company.