Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
In 2025, African tech reached a tipping point. For the first time, debt financing across the continent’s startup ecosystem surpassed the $1 billion mark.
The Warwickshire-based maker of "flat-pack" electric trucks for Africa is facing liquidation unless a rescue deal is found by the weekend. It is a stark reversal for a company that recently touted a $163m expansion deal.
Redtech, the Nigerian fintech subsidiary of Tony Elumelu’s Heirs Holdings, has announced it processed $20.6bn (₦30tn) in total transactions during the 2025 financial year.
The Cape Town-based fintech has secured R340m ($21m) in local currency funding from the Dutch development bank FMO to bridge the country's massive credit gap.
When VNV Global released its December 2025 portfolio valuations, the Swedish investment firm’s African holdings painted a stark picture of Egypt’s tech ecosystem
Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.
