More

    Staff Writer

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    spot_img

    Keep exploring

    Bitcoin, Nvidia and Staking: What Luno’s 6.3m South African Users Are Actually Buying

    The age distribution skews toward working-age professionals. The 25–34 cohort represents 37% of users, followed by 35–44 year-olds at 26%.

    The Secret to Central Africa’s Fintech Boom? A 450,000-Strong Army of Agents

    While other regional African fintechs struggle with profitability, Central Africa's mobile money ecosystem processed 3.5 billion transactions in 2023. The backbone? Nearly half a million street-level agents converting cash into digital currency.

    $1B Processed by Gimacpay: Central Africa’s Public Payment Platforms Gain Ground on Private Fintechs

    Gimacpay’s success is part of an accelerating trend across Africa: the rise of public, interoperable payment rails.

    South African Insect Protein Startup Inseco Shuts Down After Raising $5.3M — ‘We Made Some Bad Hires’

    "The most important lesson I've learned is that success isn't just about technology. It's about timing, resilience and a healthy dose of luck."

    The British Remittance Fintech Powering Central Africa’s $1B Mobile Money Boom

    The rise of mobile money remittances is having a profound impact on the CEMAC region.

    Sixty60: The $1.7M Seed Investment That Built a $1B Delivery Empire for Shoprite

    This milestone is not just a story of a legacy retailer adapting to the digital age; it’s a case study in strategic partnership.

    Africa’s Tech Leaders Shift Focus From Hype to the ‘Mechanics of Scale’

    At a major tech summit in Lagos, the conversation has moved on from fundraising announcements...

    Ivory Coast’s State-Backed Fund Writes a Rare Cheque for Doctor-Led Healthtech Ades

    The platform was founded by a group of young doctors.

    Moroccan Proptech Yakeey Gets $7M Backing from IFC to Fix ‘Opaque’ Real Estate Market

    Launched in 2023 by Karim Beqqali, a veteran of the real estate sector and founder of Yamed Group...

    ‘No Legal Basis’: Morocco Blocks Ride-Hailing, Handing Victory to Taxi Unions

    The country is expected to receive millions of visitors later this year for the 35th edition of the TotalEnergies CAF Africa Cup of Nations.

    Nigerian Cleantech Rana Energy Raises $3M to Replace Diesel Generators with AI-Powered Solar

    The Lagos-based startup combines equity and debt in a pre-seed round to scale its AI-driven 'digital utility' platform across Africa.

    Meet 30 Leading Africa-focused VC Firms Led by Female Managers

    While many are emerging managers raising their first or second funds, they collectively represent a powerful shift in the ecosystem.

    Latest articles

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.