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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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    Senegal Scrambles to Finalize New Mobile Money Taxes as BCEAO’s Instant Payment System Nears

    On Monday, September 15, Senegal’s National Assembly will begin debating a bill to introduce a new tax on mobile money transactions.

    PayU Kenya Appoints Liquidator, 6 Years After Cellulant-Powered Expansion

    The closure follows a period of significant operational and leadership challenges at Cellulant, PayU's key local partner.

    Africa’s Push for ‘AI Sovereignty’ Kicks Off with 40-City Model Context Protocol Hackathon

    The search is backed by Andile Ngcaba, the founder and Executive Chairman of Convergence Partners Investments, and a host of Africa's leading deeptech companies.

    The Year-End Funding Rush: Why African VCs are Racing to Deploy Capital Before 2026

    Data from industry reports indicates a pattern of increased activity towards the latter half of the year.

    Uber and Bolt Are Now Public Transport in South Africa. Here’s What Changes

    Under the amended act, ride-hailing companies face strict new compliance measures.

    Why Francophone Africa Is the New Frontier for VCs Hunting HR Tech Deals

    These deals point to two parallels.

    Mistral AI Joins Global Tech Giants Flocking to Morocco

    For Mistral AI, a key European challenger to US giants like OpenAI and Google, the collaboration provides a significant foothold in a rapidly emerging market.

    Facing a Telco Onslaught, Djamo’s Answer Is Now a Banking License and a New Model

    This onslaught of well-capitalized competitors has forced Djamo to find new territory.

    ‘We See Multi-Million Dollar Transfers’: The Nigerian Savers Flocking to Blockchain ‘Banks’

    It seems that while traditional finance has struggled with financial inclusion, crypto has inadvertently found a product-market fit.

    Odyssey Secures $7.5M from BII to Scale Its Fintech Solution for Nigeria’s Off-Grid Energy Gap

    Nigeria faces a significant energy access challenge.

    Janngo Makes Another North Africa Play, Backing Moroccan AI Recruitment Platform Jobzyn

    The investment in Casablanca-based Jobzyn is consistent with Janngo’s well-defined strategy.

    Thunder Code’s Rebrand Reveals the Hidden Cost of Over-Technical Startup Names

    The change comes just three months after the company announced a $9m seed round.

    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.