Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.
The Cairo-based property platform has raised more than EGP1bn (USD20m) in less than a year by packaging Islamic home financing contracts into fixed-income funds.
A former Miss South Africa, an illiquid stock scheme, and a 20-year ban: regulators have clamped down on the executive team behind Africa’s high-profile Bitcoin treasury pioneer.
Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.
