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    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.
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    Ghana’s Digital Lenders Face a Costly Upgrade: $162K License Fees and No More Public Shaming

    Lenders are explicitly forbidden from compounding interest on short-term loans.

    Months After Raising $4.2M, Kenyan Healthtech Ilara Health Announces Major Cuts

    “This is a difficult moment for our team, especially in light of recent strides we have made in the business."

    Algebra Ventures Brings on New Investor in Rare Egyptian LP Secondary Deal

    Algebra Ventures has backed some of Egypt’s most well-known startups and invests from seed to Series B stages.

    TLcom’s Partner Ido Sum Is Out After Closing $150M Africa Fund

    Ido Sum’s departure comes after he played a crucial role in raising the firm’s $150m TIDE Africa Fund II, one of the largest early-stage funds for the continent.

    Who Replaces a Founder-CEO? Africa’s Top Startups’ Succession Playbooks Are Taking Shape

    After a decade of hustle, a wave of founder-CEOs are handing over the keys. But who will succeed them? We dig deeper.

    PayPal Launches $100M Hunt for Acquisitions and Minority Stakes in African Fintech

    The move signals a deeper strategic push into the region for PayPal, building on its existing portfolio.

    Payaza vs FairMoney: A New King Is Crowned in Nigeria’s Fintech Debt Market

    The new SEC framework, effective April 24, 2025, ended the era of easy liquidity with several key mandates.

    Fintech Unicorn Wave’s African Playbook Has Been Copied. What’s Its Next Move?

    This week, Orange Cameroon, a subsidiary of the French telecoms giant, announced it was slashing all peer-to-peer transfer fees to zero.

    Silverbacks Backs Export-Focused African Fashion Startups in Creative Economy Push

    The investment brings together a return-focused firm and an impact-driven non-profit.

    Acumen’s $246M ‘De-Risking’ Fund Targets Africa’s Energy Frontier

    The Hardest-to-Reach (H2R) Initiative, launched at COP28, is now backed by a powerful coalition.

    Yango Ventures’ New $20M Fund Makes Second African Tech Investment

    The deal marks the fund’s second major African tech investment this year.

    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.