African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June

Egypt’s Financial Regulatory Authority (FRA) has issued a statement categorically denying reports that it ordered the closure or operational suspension of branches operated by non-banking financial institutions, most of them fintech firms.

As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.

Tokyo-based Cordia Directions secures ¥600mn in loans from government-affiliated lenders to expand its Kenyan used-car platform.

Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

Nigeria's two largest mobile payment heavyweights are both eyeing IPOs, but their target exchanges tell a story of contrasting global ambitions.

The transaction hands control of the startup to one of Egypt’s largest financial groups.

The valuation represents a 2.8-fold increase from the $750mn the company commanded in its $100mn Series B round led by Uber in 2024.

Cairo-based investors pivot from portfolio mark-ups to partial divestments and trade sales to satisfy foreign limited partners.

“Within three years of launch, we are processing for some of Africa’s leading brands.”

The transaction arrives amidst a major regulatory reset for Egypt’s structured finance market.