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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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    Algeria Unveils 30% Tax Cut for Companies Backing Startup Ventures

    Companies investing in labelled startups can deduct up to 30% of their income or profits, with a ceiling of 200 million Algerian dinars (approx. USD$1.5 million)

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

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    South African Safetech Startup AURA Raises $1.1M Bridge Round to Democratize Safety

    The technology platform enables users to access the nearest vetted private security and medical response units through connected devices.

    Fuzé Investment Series: Togolese Media Startup Makifaa Secures Funding

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    African Tech Startups: The Ups and Downs of AfDB’s Venture Capital Portfolio

    The Alitheia IDF Fund, for instance, saw its carrying value increase from $4.2 million in 2022 to $5.1 million in 2023, indicating successful investments and positive performance.

    IFC Raises New Funding to Back Women-Led Startups in Africa via SheWinsAfrica Initiative

    The SheWinsAfrica initiative welcomes applications from women-led startups across all sectors in Sub-Saharan Africa. To be eligible, startups must have at least one female founder.

    Former Sendy Co-founder Malaika Judd Takes Helm of Ireland’s National Startup Accelerator

    The NDRC accelerator program has a proven track record of success, with alumni companies raising over €56 million in the past three years.

    BII Commits $20M to TerraPay to Boost Financial Inclusion in Africa

    “Our investment will support an increased volume of remittance transactions into Africa, by pre-funding over $1 billion worth of transactions per year. Sending money to Africa is expensive..."

    Innovate Africa Launches $2.5M to Support Early-Stage Startups

    This sector-agnostic fund aims to back up to 20 startups in its first year.

    Rwanda Green Fund Invests $2M in Green Startups via Ireme Invest

    BasiGo Rwanda was awarded a RWF 300 million (USD 225,000) recoverable grant from Ireme Invest, the Rwanda Green Fund 's green investment facility.

    Swvl Secures $6.3 Million Mobility Contract with Telecom Giant e& Egypt

    The deal, valued at up to $6.3 million, marks a major step in Swvl’s expansion within the Egyptian market.

    Changelabs Launches First MENA Fintech Accelerator in Egypt, Backed by $100M Fund

    Applications are now open for the Fintech for a Future Accelerator, which seeks to identify and scale promising fintech startups.

    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.