The round, a mix of debt and equity, will help the climate tech scale its PAYGO refrigerators for small businesses across Africa, tackling food waste and unreliable power grids.
Earned Wage Access (EWA) is booming as a lifeline for cash-strapped workers. But is it a responsible solution or a new dependency cycle? Fintechs like TymeBank, Paymenow, and platform-provider Deel are betting big.
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.
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.
Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
The new virtual asset rules demand high capital, local custody, and bank-held reserves - creating a moat that traditional lenders are perfectly positioned to fill.
