Utilizing a purpose-built tech infrastructure and payment rails, businesses can instantly send and receive money in over 170 countries and convert between 49 currencies. Today, VertoFX supports over 4,000 businesses, from startups and SMEs to large corporate companies.

Since its soft launch in late 2022, Qardy has rapidly gained traction, onboarding over 1,000 corporate clients and facilitating loan transactions worth more than $12 million.

Only 32% of established investment managers and 26% of emerging investment managers work full-time on their investment vehicles.

“It’s the first time a game made in sub-Saharan Africa and by Africans will be present on a gaming console.”

National venture capital funds are rare in Africa, but where they exist, they have demonstrated effectiveness.

International acquisitions typically show higher average values compared to domestic exits

This latest fund marks a substantial increase from Havaíc’s previous ventures.

Globally, Meta generated $75.5 million in revenue during the same period, with the remaining $8.4 million coming from regions outside of North America and Europe, including Africa, Latin America, and the Middle East.

Statista projects the Ghanaian digital payments market to reach $7.46 billion in 2024, with a projected CAGR (compound annual growth rate) of 14.81% leading to a market size of $12.96 billion by 2028.

Social media is abuzz with complaints about the sluggish internet, with some users directly appealing to Elon Musk, noting that even Starlink’s service has been affected.

The CLEAR Fund aims to bridge this gap by providing much-needed capital to African businesses working on climate solutions.

Previous investments that faltered include NetPeas, an IT services company that failed to deliver on its SaaS security solutions; Souk Affaires.ma...