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    CENTRAL AFRICA

    CENTRAL AFRICA

    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.
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    CENTRAL AFRICA

    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 .
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    CENTRAL AFRICA

    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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    Latest Funding

    Baobab Network Expands Its Portfolio with New Investments Across Africa

    Baobab Network, a prominent venture capital firm dedicated to supporting innovative startups across Africa,...
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    Novastar Ventures Targets AI-Native African Startups With Google-Backed Lab

    The initiative is part of a broader push by Google to deepen its understanding of AI use cases emerging from African markets.
    Policy & Regulations Forum

    Nigeria’s Banking Crackdown Catches Fintechs Chasing Microfinance Licences

    The regulator revokes 46 permits, including those acquired by digital lenders eager to vault into deposit-taking.

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    Proparco Anchors Rare Moroccan LP Position in EmTech’s New $60M Early-Stage Fund

    The fund plans to invest in around 20 startups, writing cheques of between $500,000 and $3m in pre-Series A and Series A rounds.
    Hard Talks

    ‘Timing Is Critical’: How a Pandemic Almost Killed Weego and Accidentally Built Its B2B Engine

    "We learned from the experience of players like Swvl."

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    Updates

    Novastar Ventures Targets AI-Native African Startups With Google-Backed Lab

    The initiative is part of a broader push by Google to deepen its understanding of AI use cases emerging from African markets.
    Policy & Regulations Forum

    Nigeria’s Banking Crackdown Catches Fintechs Chasing Microfinance Licences

    The regulator revokes 46 permits, including those acquired by digital lenders eager to vault into deposit-taking.
    Partner Content

    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval
    Updates

    African Startups Surpass $1bn in First-Half Funding Despite Slower Equity Flows

    Debt and climate finance drive a structural shift as the total for the year reaches $1.208bn, though it trails last year's pace.

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