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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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    The timing of the investment is significant.

    Accion Ventures Closes $62M Fund to Hunt for African Fintechs Tackling a $5.7T Market Gap

    The US-based venture capital firm, rebranded from Accion Venture Lab.

    US Crackdown Targets African Remote Workers in American Tech

    Whether you are a developer in Accra or Cape Town, a new wind is brewing.

    Moroccan Superapp Ora Acquires Logistics Startup Cathedis Months After its Series A

    The all-Moroccan deal sees the fintech and e-commerce platform vertically integrate last-mile delivery, signalling a new phase of consolidation in the country's tech ecosystem.

    Visa Targets Congo’s $3.3bn Remittance Market with New Mobile Payments App

    This flow of capital is a critical economic lifeline, often outpacing institutional humanitarian aid.

    Collateral Damage: Ghana’s Latest Remittance Ban Puts Fintech Partnership Model on Notice

    The Bank of Ghana has a flair for public discipline, and its latest targets are some of the biggest names in African remittances, sending a stark warning to the entire ecosystem: choose your partners wisely.

    Inside dLocal’s High-Stakes Gamble on Troubled $150M AZA Finance Acquisition

    The payments giant is navigating a stalled acquisition and a risky $23.2m loan as it tries to fix a hole in its African operations left by a sharp downturn in Egypt.

    From Accra to Toronto: The Alternative Routes African Startups Are Taking to Expand Overseas

    For African startups, expanding overseas has traditionally meant one clear path: acquisition.

    Egypt’s TradeHub Joins Growing List of African Startups Returning VC Cash

    “I’ve come to learn that knowing when to let go is just as important as knowing when to push forward.”

    Egypt’s Central Bank to Fintechs: Time to Grow Up and Get a Board

    The days of running a multi-million EGP operation from a Slack channel are officially numbered.

    From Oil Rigs to Charging Plugs: Angola’s State Giant Sonangol Plots EV Future

    To support the initiative, Sonangol has also launched a mobile app to help future EV drivers locate the nascent infrastructure.

    Kenyan Cap Table Startup Raise Africa Shuts Down, Citing a Better Fit with Private Equity

    Raise is shutting down after finding its product was built for the wrong audience.

    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.