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    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.
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    Egypt’s SYMPL Records Strong Profit Surge, Eyes African Expansion

    SYMPL now operates in more than 2,000 points of sale across Egypt, with over 800 merchants contracted to use its platform. The company’s active customer base has swelled to more than 85,000, out of a total of 240,000 registered users since its inception.

    Identity Theft on Wheels: How Bolt’s $120K Lesson in Ghana Could Change the Ride-Hailing Game in Africa

    The audit will comb through Bolt’s systems up until March 2024, with the possibility of expansion to other ride-hailing apps operating in the country.

    Flat6Labs’ Makers Program Offers $100K to Egyptian ConTech Startups

    In addition to funding, the program provides startups with business training, industry mentorship, one-on-one consultations, and networking opportunities.

    Algeria: Applications Now Open for ASEP 2024 Second Cohort of International Startup Visits

    The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs.

    Safaricom’s Latest $813M Health-Tech Investment Sparks Concerns for Kenyan Startups

    As Safaricom prepares to roll out the IHTS, Kenyan health-tech startups are grappling with the potential impact.

    The Man Who Shaped Ghana’s Tech Industry

    In 1991, when Ghana’s digital infrastructure was still in its infancy, Chinery-Hesse founded theSOFTtribe. The company would go on to become the country’s oldest and largest software firm, providing groundbreaking solutions across multiple sectors.

    Goodwell Backs Ugandan Tech Firm ABC to Expand Financial Access

    Founded in 2017, ABC emerged in response to the Financial Institutions (Amendment) Act 2016, which introduced agent banking as a strategy to improve financial access across Uganda.

    Egyptian Mobility Unicorn Swvl Entangled in New Bankruptcy Allegations as Stock Dives

    The research firm also noted that Swvl has only $2.9 million in cash remaining, down from $9.1 million at the beginning of 2023.

    Zambia’s PremierCredit Rebrands to eShandi and Expands Across Southern Africa

    Founded in Zambia, PremierCredit has steadily evolved from its roots as a microfinance institution...

    Paystack, Flutterwave Face New Competition as PayRetailers Enters Key African Markets

    The company’s platform now covers 12 African countries, positioning it as a key player in Africa’s financial technology space.

    Uncap Launches $33.3M Fund to Address Dilution in African Early-Stage Funding

    The launch of Unconventional Capital also signals a strategic shift within Uncap. The fund will operate independently from Uncap’s proprietary technology platform, “Level,” a recently launched SaaS tool designed to streamline investment management for funders and accelerators across Africa.

    Egypt’s SETTLE Raises $2M to Automate B2B Payments and Collections

    Founded in 2023 by Mostafa Mubarak and Camille Sayour, SETTLE aims to fill a long-standing gap in Egypt’s digital economy by focusing on B2B financial operations.

    Latest articles

    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.

    Kylian Mbappé-Backed Healthtech Unicorn Alan Makes First African Acquisition

    Tanel will be rebranded under the Alan name.

    Uber to Exit Nigeria After 12 Years Despite $100M Bet on Vehicle Financier Moove

    Silicon Valley ride-hailing giant winds down West African operations as macroeconomic pressures and state-backed competitors squeeze margins.