Smart Capital, authorized by the Conseil du Marché Financier (CMF) and mandated by the government of Tunisia, has undoubtedly built a framework through Flywheel.
While the exact size of the investment remains undisclosed, the strategic partnership is poised to drive VelyVelo’s expansion into MENA, where the demand for sustainable transportation is on the rise.
Nigeria’s Economic and Financial Crimes Commission (EFCC), which oversees Gambaryan’s case, has dismissed these claims as exaggerated, blocking a recent attempt to secure bail for the executive.
This year, Daba Finance stood out with its technology-driven investment platform, which facilitates capital raising for businesses of all sizes and sectors.
In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.
Tespire, based in Northern Nigeria, is addressing the critical gap in infrastructure in local schools, where administrative inefficiencies often hinder overall educational performance.
South Africa’s Startup Act Movement has garnered international attention and support, recently receiving a third round of undisclosed funding from the British High Commission’s UK-SA Tech Hub.
The first tranche of $1 million will be disbursed in US dollars, with repayments made in Malawian Kwacha, while the second tranche, also valued at $1 million, will be disbursed and repaid in US dollars.
With these new investments, EdVentures has now backed a total of 22 startups, up from 14, marking a significant milestone in its journey to reshape education through technology. in Egypt.
The GreenTech Energy Accelerator, part of the broader Timbuktoo initiative, invites applications from African innovators who are developing groundbreaking technologies in renewable energy generation, storage, and efficiency.
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.
