More

    Staff Writer

    Nigeria’s Macro Meltdown Puts Alerzo to the Test Amid ₦4.38bn Debt and Asset Freeze

    For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.

    Senegal’s Sovereign-Backed Fund Oyass Doubles Down on Healthtech Eyone with $1.7m Injection

    With the new capital, Eyone plans to move beyond its core record-keeping functions.
    spot_img

    Keep exploring

    Ivory Coast’s JOBO Interim Raises $2M to Redefine Recruitment in West Africa

    In just one year, JOBO Interim has qualified 30,000 workers, with an additional 60,000 in the pipeline.

    In Memoriam: Over 40,000 Entrepreneurs Groomed —Ecoystem Builder Hack&Pitch Loses Leader

    Under her guidance, Hack&Pitch expanded to over 100 universities and institutions across Morocco’s 12 regions, inspiring talents who could rival those of Silicon Valley. Her impact transcended borders, with initiatives extending to Senegal, Mali, Burkina Faso, and Jordan.

    The Battle for Morocco’s EV Space Is On — China’s Gotion Investing Over €128 Million

    Morocco’s proximity to major European markets and its competitive cost structure make it an attractive alternative for EV companies seeking to streamline supply chains.

    Egyptian Fintech ValU Secures $10 Million via Debt Market in Landmark Securitization Deal

    This transaction forms part of ValU’s sixth securitization program, a broader initiative amounting to EGP 16 billion ($312 million) in total issuances.

    Egypt’s SWVL Looks Beyond 2028 in the Wake of Bankruptcy Claims

    Facing allegations of insolvency, Swvl has recently taken steps to stabilize its finances.

    PBR Life Sciences Raises $1M Pre-Seed to Expand AI-Powered Healthcare Data Platforms Across Africa

    In addition to enhancing operational efficiencies, PBR’s platform promotes inclusivity in clinical trials by ensuring underrepresented patient populations are considered.

    Accelerators as Kingmakers: How Francophone Africa’s Startups Are Mostly Funded

    For now, accelerators remain indispensable kingmakers in the region’s tech startup landscape.

    Morocco’s UM6P Ventures Launches The Forge, A Startup Residency for African Founders

    Applications for the inaugural cohort are open from December 18, 2024, to February 7, 2025, on the program’s official website.

    Up for Sale: Nigeria’s Self-Styled Agri-Fintech Leader, Tingo Group, Meets a Brutal End

    The recent ruling indicates the SEC’s intensified focus on holding international entrepreneurs accountable.

    Alibaba Sets Up Operations in Morocco, Enabling Local Retailers to Expand Global Reach

    The launch of localized services is expected to significantly increase this number, providing Moroccan businesses with access to the world’s largest business-to-business (B2B) marketplace, which boasts 47 million active users globally.

    Morocco’s Talaty Gains Strategic Investment to Expand AI-Powered Credit Solutions

    With SMBs comprising a significant portion of the economy in Morocco and Francophone Africa, access to credit remains a critical bottleneck for growth.

    Smollan Acquires South Africa’s Yebo Fresh to Drive Growth in Township Communities 

    “We’re on a mission to make it easier for local retailers to stock up on what they need, grow their businesses, and uplift their communities."

    Latest articles

    Nigeria’s Macro Meltdown Puts Alerzo to the Test Amid ₦4.38bn Debt and Asset Freeze

    For a startup that once promised to rewire fast-moving consumer goods distribution across southwest Nigeria, the footage has drawn renewed attention to mounting questions about the company’s viability.

    Senegal’s Sovereign-Backed Fund Oyass Doubles Down on Healthtech Eyone with $1.7m Injection

    With the new capital, Eyone plans to move beyond its core record-keeping functions.

    Ethiopia Bans Birr-Based Crypto Trading as Forex Pressures Mount

    Any form of Birr-denominated P2P trading or exchange involving cryptocurrencies, the notice added, “is also prohibited.”

    Ten Key Trends That Shaped African Tech Funding in February

    Across 29 disclosed deals, African startups and growth-stage companies raised at least $340.5m in February. The number tells one story. How the money moved tells a different one.