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    Over 30 Foreign VCs Want to Run Morocco’s $150M Startup Fund

     The Mohammed VI Investment Fund (FM6I) has received an overwhelming response to its call for expressions of interest to manage Morocco's newly launched $150 million startup fund. Of the 47 applications received, 12 were from local applicants and 33 were from international fund managers,...

    Egypt’s EXITS MENA Expands to Saudi Arabia, Eyes $1.07B Fund

    EXITS MENA, a leading fintech advisory and arrangement firm for startups and SMEs in the Middle East and North Africa (MENA) region, is expanding its operations to Saudi Arabia. The company has partnered with prominent Saudi investors, including Ammar Ahmed Shata, founder of Ghutra...
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    Egypt’s Connect Money Secures $8 Million Seed Funding to Expand Embedded Finance Solutions

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    Senegal to Implement 18% Tax on Foreign Digital Services from July 1st

    The value-added tax (VAT) on digital services in Senegal by foreign online suppliers and platforms will be implemented from July 1st, 2024.

    Inside the Banking Shakeup in Ethiopia: What’s in Store for Fintech?

    Using international banks in Ethiopia helps fintech companies meet the 50 million birr ($869K) capital requirement more easily.

    Uganda’s Ensibuuko Acquires Chomoka App Following Strategic Investment

    In a landmark move for financial inclusion in Africa, CARE, a leading humanitarian organization,...

    Nigerian Fintech Giant Flutterwave Downsizes Following $7.2m Alleged Security Breach

     Flutterwave, a leading African fintech startup headquartered in Lagos, Nigeria, has announced layoffs affecting...

    Digital Ghosts: Accused Data-Selling Websites Disappear as NIMC Denies Breach in Nigeria

    Some of the websites implicated in the data breach in Nigeria became inaccessible following reports.

    Google Exec Invites African Startups to Apply for 10k2Startup Funding

    African startups are invited to apply to join the 10k2Startup initiative, which aims to...

    Identities for Sale: Massive Data Breach in Nigeria Offers Sensitive Information for a Mere $0.06

     A major data breach has exposed millions of sensitive personal and financial information belonging...

    Fuzé Investment Series: Algerian HealthTech Startup Data Tyr Receives Funding Boost 

    Algerian health tech startup, Data Tyr, has announced a successful funding round through Digital...

    Downforce Raises $4.2M from Nairobi Investor to Help African Farmers Harness Soil Potential

    Downforce Technologies Limited, a pioneering startup in the field of soil organic carbon measurement...

    Breega Launches $75 Million Fund for Early-Stage African Startups

    Breega with offices in Lagos and Cape Town, aims to back African startups that address the continent's unique challenges and contribute to sustainable development.

    Yassir Acquires Tunisian Delivery Startup KooL, Fresh off $150M Raise and Flink Deal

    One year and $150 million later, Algeria-based tech giant Yassir isn't slowing down. After snapping up European delivery service Flink, they've now set their sights on neighboring rival KooL.

    Latest articles

    Over 30 Foreign VCs Want to Run Morocco’s $150M Startup Fund

     The Mohammed VI Investment Fund (FM6I) has received an overwhelming response to its call...

    Egypt’s EXITS MENA Expands to Saudi Arabia, Eyes $1.07B Fund

    EXITS MENA, a leading fintech advisory and arrangement firm for startups and SMEs in...

    Copia Kenya Joins Parent Company in Liquidation, Leaving E-commerce Dreams Void

    The company raised over $100 million in funding while it existed.

    Kenya’s Farm to Feed Secures New Funding to Combat Food Waste in Sub-Saharan Africa

     CityBlue Hotels, a prominent African hospitality chain, has announced a significant investment in Kenyan...