Cairo wants to pay companies to design semiconductors and embedded systems in Egypt, betting that a young engineering workforce can finally shake off the country's outsourcing stereotype.
Two Canadian fintechs built to move money between Canada and Africa have now failed within the space of two years. The pattern is unlikely to be coincidental.
The pan-African initiative backed by the French development finance system is launching its first dedicated seed vehicle, targeting 30 startups across 20 countries.
The fund represents a rare equity-focused play from Namibia, a country better known for its commodities and institutional pension funds than its tech exports.
The $2 million ticket into the Guinean fintech is modest, but it signals growing development-finance appetite for the unglamorous plumbing that connects global money-senders to mobile wallets and cash agents on the continent
The Nasdaq-listed South African fintech has quietly added another small enterprise-focused company to its portfolio, paying cash for a fintech business as it continues to widen its offering for large-scale clients.
The Egyptian investment bank is carving out a reputation as the region's most prolific corporate incubator, following last year's blockbuster valU IPO with a listing request for its K‑12 education platform - but a jittery market will test investor appetite.
Cairo wants to pay companies to design semiconductors and embedded systems in Egypt, betting that a young engineering workforce can finally shake off the country's outsourcing stereotype.
Most of these companies raised their defining early rounds during a narrow window when African tech attracted serious institutional capital for the first time.
