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    Opera Quietly Liquidates Kenyan Ad Unit Ahead of OPay’s $4B US IPO

    Opera’s fintech play in Africa extends well beyond its Kenyan operating entities.

    “Directly Selling Insurance to Farmers Does Not Work”: Pula CEO on Avoiding Agtech’s Deadliest Trap

    From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.
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    IFC Backs Lendable With $45M to Fuel Fintech Lending in Africa

    The new fund follows Lendable’s 2023 close of its first MSME Fintech Credit Fund at $110 million, exceeding its $100 million target.

    Acquisitions and a Large Warchest of Capital: Inside the Playbook of Cameroonian Edtech Enko Education

    “Our goal is to consolidate Africa’s fragmented K-12 market.”

    The Next Bangalore? Foreign Tech Firms Flock to Egypt’s Talent— But New Rules Now Apply

    “Egypt is the best place to launch operations in the region.”

    Egypt’s New Labor Law Ushers in Job Security — Just Not for Startup Founders

    Employees will now enjoy increased leave allowances, capped work hours (eight per day, 48 per week), and mandated overtime pay ranging from 35% to 100% depending on timing.

    Larger Cheques from Techstars, Yet Pullback in Africa Casts a Shadow

    This revised investment model aligns Techstars more closely with the funding terms offered by other leading global accelerators, notably Y Combinator (YC).

    Flat6Labs Expands to Morocco: What Can Startups Expect From Its New Accelerator?

    Flat6Labs is not the only player betting on Moroccan startups.

    UGFS-VC’s $17M Series A Tech Fund Reaches First Close with Backing from ANAVA

    With over 15 years of experience and 20 funds structured, UGFS-VC manages assets totaling 240 million Tunisian dinars ($80 million).

    “No Evidence of Corruption”: Twiga Foods CEO Denies Allegations of Misconduct, But Key Questions Remain

    "The current leadership and Board have not seen any evidence of corruption or personal benefit linked to this lease."

    Nigeria’s Sovereign Wealth Fund Takes a Tentative Step into Startup Territory

    The announcement comes just days after Launch Base Africa published a detailed report on the NSIA’s cautious relationship with Nigeria’s startup ecosystem.

    African Startup Deal Tracker — Newest Deals

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

    Egyptian Fintech Firm MSS Holding Raises $21 Million from European Development Bank

    The EBRD has categorized the investment as a low-risk.

    Africa’s Ride-Hailing Revolt: Taxi Unions Clash with Tech Giants in Senegal Showdown

    The scene in a Dakar courtroom this week was emblematic of a continent grappling with the disruptive force of technology colliding with established interests.

    Latest articles

    Opera Quietly Liquidates Kenyan Ad Unit Ahead of OPay’s $4B US IPO

    Opera’s fintech play in Africa extends well beyond its Kenyan operating entities.

    “Directly Selling Insurance to Farmers Does Not Work”: Pula CEO on Avoiding Agtech’s Deadliest Trap

    From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.

    Tunisia’s State Startup Fund Looks Beyond Capital City Tech Elites

    The $60m ANAVA initiative is taking venture capital on the road to hunt for deal-flow in forgotten interior provinces.

    SunCulture Closes $10m Securitisation Deal as African Climate Tech Turns to Capital Markets

    The transaction is designed to allow SunCulture to recycle capital that would otherwise be tied up in longer-dated customer receivables.