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    Staff Writer

    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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    SA’s Omnisient Secures $7.5M to Help Banks Learn How People Spend Loan Money

    In essence, Omnisient is a company that helps financial institutions like banks and insurance companies make better decisions about who to give loans or insurance to.

    Baobab Network Expands Its Portfolio with New Investments Across Africa

    Baobab Network, a prominent venture capital firm dedicated to supporting innovative startups across Africa,...

    MEST Africa Challenge 2024 Seeks Agri-Tech Startups in West Africa

    The winner of the MEST Africa Challenge will receive $50,000 in equity capital, along with invaluable access to MEST’s extensive network.

    SA Digital Bank Discovery Bank Reaches One Million Clients, Two Years Ahead of Schedule

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    Untapped Global Invests in Elimutab to Boost Educational Access in Kenya

    Since its launch, Elimutab has made significant strides in the Kenyan education sector. The company has sold over 9,000 tablets and formed partnerships with more than 120 schools.

    Egypt’s ValU Raises $22.3 Million in New Debt Financing

    ValU has revolutionized the financial services sector in Egypt by empowering millions of individuals through its buy now, pay later (BNPL) platform, U.

    Fintech Startup Rubyx Secures $1.6M to Help African Businesses Offer Automated Lending

    The Senegal-based fintech platform uses advanced algorithms to assess loan applications and automate the lending process.

    Egypt’s Menthum Launches New US Dollar Savings Fund

    Perhaps the most distinctive feature of the Menthum USD Fixed Income Fund is its unparalleled liquidity. Unlike traditional fixed-income products with lock-in periods, this fund allows for daily purchases and redemptions.

    Nigeria’s Struggling Quizac Finds a New Home in Tekedia Capital’s Embrace

    Tekedia Capital’s recent strategic acquisition of Quizac is the latest in a series of startup rescue operations in the tech sector in Nigeria.

    Ghana Approves Starlink: Satellite Internet Service Now Available by August End

    This development marks a significant turnaround from earlier this year when the NCA declared Starlink’s operations in Ghana illegal, citing the company’s lack of a license.

    Scaling Up: Andela Welcomes Ex-Uber Operations Head as New CEO

    As Andela enters its next chapter, the company is poised to capitalize on the growing demand for skilled digital talent worldwide.

    ASEP Program: 60 Algerian Startups Leave for Innovation Hubs in China and South Korea

    The two delegations of 30 startups each will embark on an intensive 15-day learning journey. During this trip, they will make 18 strategic stops at leading technology hubs.

    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.