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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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    40% of top US AI researchers come from Chinese universities. 0% come from Africa.

    It Costs $835k a Year to Run Tunisia’s State-backed Startup Fund

    The latest accounts show the fund is growing.

    I&P Broadens Scope of African Agritech Investment to Include Six New Countries

    According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.

    Real Estate is Eating Startups: Why Founders Need a Smarter Space Strategy

    The startup graveyard is full of good ideas undone by bad decisions.

    Egypt’s New Exchange Chief Has a Startup Past. Can He Kickstart an IPO Boom?

    Dr. Islam Azzam, a former managing director of a national fund targeting startups, takes the helm of the Egyptian Exchange amid a flurry of pro-tech market reforms.

    Morocco’s DeepEcho Targets US Market with AI Ultrasound Tech, Backed by Japanese VC

    Youssef Bouyakhf founded DeepEcho in 2020.

    West African Fintechs Scramble for ‘Ghost’ Licenses as Regulatory Clock Ticks Down

    Fintech startups in the eight-nation WAEMU bloc are in a high-stakes race for survival.

    ‘Team Japan’ Goes Big on African Tech as Megabank Sumitomo Backs Novastar

    Japan's second-largest bank is swooping in on African tech and funds in a never-before-seen way.

    From Trump’s Firing Line to Visa’s Embrace: An African Insurtech’s Survival Story

    The insurtech for farmers saw its future thrown into doubt by a US foreign aid freeze.

    Why a Swiss Impact Investor is Backing Ghana’s Complete Farmer with a $5m Debt Round

    ---  The funding will help the startup scale its digital platform, which provides farming expertise and market access to over 12,000 farmers.

    The Great Return: Stablecoins Win Back Africa’s Fleeing Crypto Startup Investors

    The institutional capital we are seeing is now more than just a fleeting conviction.

    Updated: African Startup Funding Hits $1.98B YTD as Debt Deals and Local Investors Step Up

    Artificial intelligence also emerged as a strong vertical.

    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.