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    CENTRAL AFRICA

    Cameroon’s Fako Capital, I&P’s Latest Anchor Fund, Targets $500K Investments in High-Growth Startups

    Fako Capital joins a growing network of African impact funds nurtured by I&P

    French Bank’s African Fintech Arm YUP Leaves Investors with Over $8M Loss Post-Liquidation

    Originally launched in 2017 across seven African countries, including Côte d’Ivoire, Senegal, Burkina Faso, Guinea, Ghana, Madagascar, and Cameroon, YUP was Société Générale’s attempt to penetrate Africa’s fast-growing mobile payments market.

    Gabonese Startups Get First Entrepreneur-Only Bank, BCEG

    The BCEG is entirely funded by Gabonese institutional and private investors, making it one of only two banks in the country controlled by national capital, alongside market leader .

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.
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    French Impact Investor I&P Achieved 2.2x Return on Exit From Enko Education

    Investisseurs & Partenaires (I&P) realised a 2.2-fold return following its exit from pan-African education network Enko Education, the firm disclosed to Launch Base Africa.

    New Payment Rails for Africa? Circle’s $100bn Stablecoin Network Attracts Continent’s Top Fintech Players

    Africa remains one of the most expensive regions in the world to send and receive money, with remittance fees averaging nearly 8%.

    Visa Targets North Africa’s Digital Payments Market with New Investments

    Visa’s Africa strategy is ambitious. Its $1 billion commitment — announced in 2022 — targets infrastructure development, digital inclusion, and financial literacy.

    Afrimobility: Akwa Group’s Venture Capital Arm Backs 25 Startups in Under Five Years

    “Many VCs just provide money and wait. We invest in the founders themselves, because their success determines ours.”

    Latest articles

    French Impact Investor I&P Achieved 2.2x Return on Exit From Enko Education

    Investisseurs & Partenaires (I&P) realised a 2.2-fold return following its exit from pan-African education network Enko Education, the firm disclosed to Launch Base Africa.

    New Payment Rails for Africa? Circle’s $100bn Stablecoin Network Attracts Continent’s Top Fintech Players

    Africa remains one of the most expensive regions in the world to send and receive money, with remittance fees averaging nearly 8%.

    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.”