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

    Tunisia’s Konnect Networks Raises $1.5M to Simplify Online Transactions for Businesses

    Through partnerships with organizations like VISA, Konnect is working to extend secure payment services to previously excluded segments of the population.

    Juicyway Secures $3M Pre-Seed to Transform Cross-Border Payments in Africa

    Licensed in Nigeria, Canada, the USA, and the UK, Juicyway has processed $1.3 billion across 25,000 transactions, and 4,000 customers

    Equator Africa Fund Secures $5M from Proparco to Scale Climate-Focused African Startups

    Equator Africa Fund, a climate-focused investment vehicle, concentrates on three key sectors critical to the continent’s climate transition: energy, agriculture, and mobility.

    A New Digital Tax Overhaul in Kenya Leaves More Questions Than Answers

    As Ruto’s ink of presidential assent dries, the path to enforcement reveals a story of lofty aspirations tempered by ambiguous complexities.

    Egypt’s First SPAC Acquisition Targets Recently Funded Digital Lending Platform Qardy

    Catalyst Partners became Egypt’s first SPAC after receiving approval from the Financial Regulatory Authority (FRA) in September.

    Algebra Ventures’ Founder Transitions to Fintech, Secures Digital Lending License for Oliv Finance Amid Regulatory Freeze

    Mokhtar, who played a key role in the establishment of Algebra Ventures, has now transitioned into the fintech sector with the goal of revolutionizing SME financing.

    Sanari Capital Targets Technology-Driven Growth with New $80M Africa-Focused Fund

    The fund’s investors include prominent South African pension funds and workers' unions.

    Foreign Funds Dominate Africa’s Data Centers, But the Race to Catch Up is On

    “Johannesburg and Nairobi, Africa’s leading data center markets, have a combined live IT power of just 74 MW — starkly inadequate compared to Dublin and London’s over 1,500 MW."

    South Africa to Revoke More Crypto Licenses by June 2025

    106 applications for crypto licenses were voluntarily withdrawn after consultations revealed shortcomings.

    AfDB Seeks to Back Africa-Focused VCs Through New $420M Funding Deal

    AfDB is the largest fund-of-funds investor in Africa, with $1.36 billion committed to 74 private equity and venture capital funds.

    Prolific African Investor BCV Winds Down Activity from Current Fund

    BCV II was one of the few venture capital funds primarily focused on East Africa.

    Chinese EV Firms Summoned in South Africa Amid 150% Tax Rebate

    In 2023, South Africa’s automotive sector generated over 271 billion rand (US$20.4 billion) in exports, primarily to the European Union.

    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.