Founded in 2022 by Victor Alade, Sodruldeen Mustapha, and Richard Oyome, Raenest began life as an Employer of Record (EOR) platform.

Can MyDawa’s hybrid model crack East Africa’s toughest healthcare challenges?

The newest funding round - confirmed to Launch Base Africa by Verdant IMAP, the investment firm that structured and arranged the transaction - marks a significant milestone for the fintech.

"Growth at all costs will not win the day in this business cycle. Unit economics, product-market fit and clear paths to profitability are the keys to survival."

Currently, only 0.58% of pension assets are invested in alternative funds, despite regulators permitting allocations of up to 25%.

Each selected company will receive up to $225,000 in non-dilutive grant funding, as well as technical assistance and commercial support from a network of partners.

Kofa, founded in 2022, operates a battery-swapping service that provides clean energy for motorcycles, households, and small businesses.

The issuance follows Bokra’s earlier regulatory breakthrough.

Morocco’s investor class is no longer content with purely local bets.

Reports from the preceding year suggested Bankly was seeking to raise USD 4 million in a mix of equity and debt, though the outcome of this fundraising effort remains uncertain.

As the June 2025 deadline approaches, Mukuru’s customers in Eswatini will need to find alternatives.

The move comes as African nations seek to transition from consumer-driven digital innovation to science-based, IP-intensive ventures capable of solving structural challenges in energy, healthcare, agriculture, and climate resilience.