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    Familiar Money Bolsters OPay’s IPO Demand as Thin Float Raises Liquidity Questions

    As the Nigerian payments giant prepares to hit Wall Street, filings reveal an IPO heavily reliant on existing money.

    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.
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    Egypt and South Africa to the Rescue: dLocal’s ‘Africa Plan B’ Suddenly Looks Effective

    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.

    SA’s Open Access Energy Raises Funding to Streamline Energy Transactions

    “We believe that OAE’s software solutions can be deployed across the country, and we are committed to helping them achieve this goal.”

    Nigeria’s FairMoney Taps Debt Market, Raises $1M

    The proceeds from the CP issuance will be used to support FairMoney’s short-term liquidity requirements and fund the expansion of its loan book.

    A Giant Digital Payment System is Underway in Francophone West Africa. And 90 Institutions Have Joined

    The new system, operational 24/7, allows for real-time, round-the-clock transactions of any kind, regardless of the account type.

    Nigeria Freezes Over $37 Million in Cryptocurrency Linked to Protest Organizers

    While the EFCC did not disclose the identities of the wallet owners in its application, insiders have indicated that the wallets are connected to individuals involved in organizing the ongoing protests against the Nigerian government.

    Equity Exit at a Later Stage is the Holy Grail for African Angel Investors

    Beyond equity exits, many angels are also interested in other financial gains.

    Baobab Network Opens Applications for Next Cohort, Seeking Africa’s Rising Tech Stars

    The program offers selected startups a substantial boost with a $100,000 equity investment, alongside comprehensive mentorship and a platform to scale their ventures.

    Egypt’s Leading Fintech Fawry Made $13.9M in Profit in the First Half of 2024, a 111% Improvement

    Fawry processes over 4 million transactions daily and serves approximately 51 million users each month.

    Launch Africa Ventures Investment Series: Fintech Startups Cauri Money and Kredete Join the List

    The platform connects borrowers and lenders, streamlining the lending process from application to repayment.

    AfDB Injects $10M into KawiSafi Fund II to Boost Africa’s Climate Tech

    "the Bank’s commitment will leverage investments into groundbreaking African startups tackling climate change through renewable energy, clean mobility, and other vital sectors for achieving our climate goals.”

    Ivory Coast’s doo! Secures Saviu Ventures Backing to Transform Mobile Money into Service Hubs

    doo! leverages this widespread infrastructure to create a one-stop solution for various essential services, thus transforming each Mobile Money agent into a multi-service hub.

    The Kenyan Wall Street’s Wainaina Joins Conduit for $6.5M-Backed Africa Expansion

    Wainaina brings a wealth of experience to Conduit, having previously served as a director at The Kenyan Wall Street.

    Latest articles

    Familiar Money Bolsters OPay’s IPO Demand as Thin Float Raises Liquidity Questions

    As the Nigerian payments giant prepares to hit Wall Street, filings reveal an IPO heavily reliant on existing money.

    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.