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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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    New Remote Visa Regime in South Africa Is Finally Here

    “The regulations for a new points-based work visa and the remote working visa are now in place. This marks the beginning of an era where we leverage global talent while maximizing local benefits.”

    Swvl Secures $2.6 Million in New Saudi Deals, Profit Surges Sixfold in Q3 2024

    The deals, signed during Q3 2024, bring Swvl’s total business in the country to new heights as the company strengthens its presence across major cities including Riyadh, Dammam, Madina, and Jubail.

    Farid Secures New Funding to Address Children’s Mental Health in Egypt

    The core of Farid’s model lies in its emphasis on modern educational methodologies that extend beyond traditional academic learning.

    IFC’s New $20M Loan Extension to SA Digital Lender Lulalend Targets Women-Led SMEs

    This loan agreement follows Lulalend’s $35 million Series-B funding round earlier last year, which the company described as “transformational” for its operations.

    Nigeria’s Regfyl Raises $1.1M to Tackle Fraud and Streamline Compliance for Financial Institutions

    This expansion comes on the heels of Ibidapo-Obe’s earlier success with LawPadi, a legal tech platform offering legal advice and regulatory guidance.

    Orange Fab Tunisie Opens Applications for 7th Corporate Accelerator Season

    In a significant move to foster innovation within Tunisia’s startup ecosystem, Orange Fab Tunisie has launched a call for applications for the seventh season of its corporate accelerator programme.

    Xero Acquires Bootstrapped South African SaaS Startup Syft Analytics in $70 Million Deal

    Syft Analytics began its journey from a small office in Johannesburg’s Parktown North. For the first few years, the founders juggled full-time jobs while working to get the startup off the ground.

    South African Buy Now, Pay Later Startup Happy Pay Secures $1.8M Pre-seed

    Happy Pay, which was established in 2023, has quickly gained traction with its Buy Now, Pay Later (BNPL) service, amassing 150,000 active users in just over a year.

    Kopo Kopo Announces New Leadership Team Under Pending Moniepoint Acquisition

    Founded in 2010 by Ben Lyon and Dylan Higgins, Kopo Kopo has been at the forefront of Kenya’s fintech space, helping over 20,000 businesses adopt mobile payment solutions.

    Egypt Regulator Introduces New Merger Rules After MaxAB-Wasoko Deal

    Under the updated rules, companies must now seek the FRA’s approval if their mergers or acquisitions result in controlling more than 10% of the market.

    TymeBank Lands Additional $9.5M from African Rainbow Capital

    The bank has surpassed 9.5 million customers, showcasing robust growth in its customer base.

    Fuzé Investment Series: Rwandan Fintech Save Directly Joins the List

    The platform offers users a streamlined approach to handling essential expenses such as insurance premiums, education fees, cooperative contributions, bills, and rentals.

    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.