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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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    Google Pours $5.8M into Africa’s AI Future

    Google’s Digital Opportunity of Africa report predicts that AI could contribute $30 billion to Sub-Saharan Africa’s economy by 2030.

    Morocco’s Capital is Buzzing with Gamers, and a New $36M Investment Eyes a Premier Gaming District

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

    Ethiopia’s ‘Endless’ Startup Act: Can New Council Finally Meet Deadlines?

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

    Deloitte Taps Egyptian Tech Talent with $30M Hub

    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 Ventures Raises $2.1M to Back Growth-Stage South African Firms

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

    New Crypto Tensions Emerge in Nigeria as Binance Executive Departs Nigerian Prison

    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.

    Senegal’s Kopar Express Targets $2.8 Billion Remittance Market with New Government-Backed Neobank 

    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.

    South African Logistics Startup Pargo Enters Egypt Following $4M Fundraising

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

    Nigerian Banks Turn to India for Core Banking Software

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

    Moroccan Logistics Startup Colis.ma Secures New Pre-Seed Funding for Cross-Border Expansion

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

    Why Is India’s Zoho Pouring $35M into Egyptian Fintech Giant Fawry?

    “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.

    Launch Africa Ventures Investment Series: PBR Life Sciences Joins the List

    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.

    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.