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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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    Tracking Startup Failures in Africa: From Millions in Funding to Silent Shutdowns

    Redbird raised over $2 million in funding, with notable backing from South Africa’s Newtown Partners. However, despite its potential to improve healthcare delivery, the startup closed its doors,

    Kenya’s Jackfruit Finance Secures Funding to Advance Education Financing

    Jackfruit Finance’s approach involves a technology-driven solution that simplifies the loan application process for schools.

    Spanish Delivery Startup Glovo Appoints Kenya’s Shiro Theuri as CTO

    She was previously the VP of Engineering at Sendy, an end-to-end fulfillment platform.

    Effective Immediately: Free Internet for 18–25 Year Olds in Mauritius, Courtesy of Telecom Leader Emtel

    The offer is available on both prepaid and postpaid plans. Young people registered with the Mauritius Revenue Authority (MRA) will automatically receive 30 days of unlimited internet access (capped at 6GB per day) each month.

    Startup Act: Inside the New Startup Labelling System in Benin Republic

    Startups seeking the startup label must submit their applications online to the Technical Labelling Committee.

    Founder Institute Lands in Morocco

    The launch event, scheduled for September 10 in Casablanca, will focus on fundraising strategies, a critical aspect of startup growth.

    Nigeria’s Central Bank Delays Binance Executive’s Trial

    Gambaryan, a U.S. citizen and former IRS Special Agent, has been detained in Nigeria for over six months on charges of tax evasion and money laundering, despite having no decision-making authority at Binance.

    Sanofi Invests in Kasha Global to Boost Healthcare Access in Africa

    The investment from Sanofi will provide Kasha with the resources to expand its operations into additional African countries.

    Kenya’s Chpter Raises $1.2 Million to Expand E-commerce Platform

    Although Chpter operates independently of Marketforce, some of its investors have previously participated in the latter’s funding rounds.

    ‘We Were Targeting Markets in America and the UK, Thinking They Were Bigger’ — SWVL Founder on Failed Acquisitions

    "It’s not about copying — it’s about executing better and making something extraordinary out of it."

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

    Looking ahead, Kredete plans to scale its money transfer services to all African countries, expanding beyond the 20 currently available.

    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.