For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.
Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.
Flend, a digital lender for small and medium-sized enterprises (SMEs), has become the first Egyptian company to be officially granted "Startup Label" certification.
A government-backed investment programme, a reformed foreign exchange framework, and a doubling of institutional deal activity are converging to reshape Morocco's startup landscape.
