In this latest round of funding, Orange Corners Innovation Fund is expanding its reach to Algeria and Egypt, partnering with the Algerian Startup Fund (ASF) and a collaboration between Falak Startups and Athar Accelerator, respectively.

“Despite a recent slowdown in residential solar installations due to reduced load-shedding, the C&I solar market remains robust.”

A university once known for managing a herd of cows through its technology venture unit is now leading Africa’s tech revolution.

In June, the bank issued a directive requiring banks and IMTOs to pay all diaspora remittances in Naira and match them with corresponding foreign currency inflows.

The African tech community is grappling with the shocking suicides of prominent figures within a single month.

Investors were likely drawn to Waza’s rapid growth trajectory. Within five months, the company increased its monthly payment volumes from $280,000 to $70 million, translating to an annualized volume of $700 million.

The launch of “Boost Up Lab” in Tangier follows the successful conclusion of a similar program in Casablanca. The Casablanca edition attracted 45 participants and resulted in a significant increase in revenue and job creation for participating startups.

Jumia’s capital raise comes in the wake of its financial results for the first half of 2024, where the company reported $85.37 million in revenue — a slight increase from $85.28 million in the same period the previous year.

FIDO’s recent $10 million funding round follows its successful Series A raise of $30 million in 2022, which was led by Fortissimo Capital.

Wattnow has already made significant strides in the market, with its solution deployed on over 500 sites across three continents.

Established in 2020 with a capital of 1.2 billion Algerian dinars ($8.9 million), the Algeria Startup Fund is a joint venture between the Ministry of Knowledge Economy, Startups...

Africa remains a bright spot for the fintech giant...The region now makes up 23% of dLocal’s total gross profit, underscoring the continent’s growing importance to the company.