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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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    GITEX Nigeria: Lagos Rolls Out the Red Carpet as Startups Hunt for Elusive Capital

    The official narrative is one of unbridled optimism.

    Africa’s Creative Economy Takes Centre Stage at Timbuktoo Creatives Hub in Cape Town

    Cape Town, South Africa — 04 September 2025 — The United Nations Development Programme (UNDP) in South Africa,...

    South Africa’s The Invigilator Raises $11m to Take Its AI Anti-cheating Tech Global

    Founded in 2020, The Invigilator provides a platform for educational institutions to monitor students during remote exams and assessments.

    Babban Gona Raises $7.5m to Expand AI-Backed Farming Franchise in Northern Nigeria

    With BII’s backing, Babban Gona says it wants to increase yields and incomes for around 140,000 farmers by 2029.

    The Great WAEMU Shakeout: 20 Fintechs Licensed as Regulatory Guillotine Falls

    This licensing wave lands in the middle of a much broader regulatory push.

    Mamo Mihretu’s Legacy: Ethiopia’s Economic Reformer Resigns, Leaving Fintech Rulebook Rewritten

    In a farewell message, Mamo stated he was leaving public service “to pursue other passions.”

    Africa’s Data Centers Are in a Race for Higher-Margin Cloud Services

    South Africa leads decisively with 49 facilities, representing nearly a quarter of the continent’s total.

    MOPO Secures $6.7m From Norfund to Scale Battery Rentals Across Africa

    Its products include the MOPO50, designed for lighting, phone charging and small appliances, and the MOPOMax, which supports higher-load devices such as small business equipment and e-mobility.

    Egypt’s Intella Raises $12.5m to Build an AI That Truly Understands Arabic

    Intella reported that it more than doubled its revenue in 2024 and is projecting 7x growth in 2025.

    The Elite Oxford Club Training VCs Who Deploy $444m Across Africa

    Founders backed by VCs that have received support from Boost Africa have a significantly higher success rate in follow-on funding.

    After Closing Its $100M Fund, Naspers Places a New $100K Bet on African Female Founders

    This new initiative arrives on the heels of a significant strategic recalibration by Naspers.

    A Busy Month for US Investors in African Startups

    American capital was spread across fintech, e-commerce, AI, and climate infrastructure.

    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.