Axian Telecom CEO Hassan Jaber framed the move as a long-term strategic bet on Africa’s digital economy.

With nearly half the year still ahead, Africa’s startup ecosystem appears on track to exceed 2024’s funding total, especially if current momentum continues.

The programme will provide selected startups with hands-on support, including access to Plug and Play’s global offices and its network of multinational corporations .

Medsaf’s Delaware corporation is still undergoing formal wind-down procedures, while its Nigerian entity remains dormant.

Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week.

Launch Base Africa describes the development as one of the most closely followed issues on its platform in the region during the month of May.

The company, co-founded and led by Ahmed Nafie, offers an end-to-end digital payment infrastructure solution across Africa and the Middle East.

For Glovo, which insists it is cooperating fully and remains committed to transparency, this latest development is a reputational headache layered on top of an already complex operating environment.

The BCEAO’s slow but ongoing release of approvals suggests the regulatory process is now in motion — but not yet at scale.

For many first-time African fund managers, the reality is even starker. Raising an inaugural venture fund is often more marathon than sprint.

While Mauritania, Tah’s home country, has historically been absent from the African tech map, it recently made a bold move that may hint at his outlook on innovation policy.

As international donors and governments increasingly seek scalable, technology-enabled solutions to long-standing development challenges, companies like SORA are positioning themselves as intermediaries between innovation and impact.