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    EASTERN AFRICA

    Ecosystem News

    Village Capital Boosts African Agritech Startups with $1.2M Investment

    This funding comes as part of Village Capital’s Reducing Inequalities Investment Facility, backed by FMO’s MASSIF Fund, which has now invested $1.6 million across four startups.
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    EASTERN AFRICA

    Ethiopian Banks Gain New Investment Powers: Startups, Others Now Fair Game

    Banks can hold up to 10% equity shares in a single non-banking business other than insurance.
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    EASTERN AFRICA

    TerraPay Secures $95M to Fuel African Remittance Growth, Backed by Major Investors

    The company’s cap table is notably influenced by the IFC, Partech Africa, and Prime V Holding 2 B.V., all of whom have shown continued support for TerraPay’s mission.
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    EASTERN AFRICA

    d.light Secures $176 Million to Expand Solar Access in East Africa

    The company’s PayGo model allows customers to pay for solar products in installments using mobile money.
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    CIB’s Yomo Joins Egypt’s Growing Club of Incumbent-Backed Digital Banks

    Commercial International Bank (CIB), Egypt's largest listed bank, has received preliminary approval from the Central Bank of Egypt (CBE) to launch yomo, a standalone digital bank.
    Ecosystem News

    AgDevCo Ventures Raises $49M in First Close for East African Agri-SME Fund

    The new vehicle will write $1m–$3m tickets into farming and agri-processing companies, backed by IFAD, a private lender consortium and UK development capital.

    Sponsored Posts

    Industry

    Inside dLocal’s $23.7M AZA Finance Deal: $22.8M of Customers, IP and Goodwill

    The Nasdaq-listed payments group settled its restructured Africa transaction without paying cash.
    Industry

    Post-Office Relief: US Kills BOI Rules in Stealth Win for Foreign Tech

    By dismantling beneficial ownership registers, Washington inadvertently protected foreign tech entrepreneurs from fines and privacy leaks.

    Latest articles

    Updates

    CIB’s Yomo Joins Egypt’s Growing Club of Incumbent-Backed Digital Banks

    Commercial International Bank (CIB), Egypt's largest listed bank, has received preliminary approval from the Central Bank of Egypt (CBE) to launch yomo, a standalone digital bank.
    Ecosystem News

    AgDevCo Ventures Raises $49M in First Close for East African Agri-SME Fund

    The new vehicle will write $1m–$3m tickets into farming and agri-processing companies, backed by IFAD, a private lender consortium and UK development capital.
    Updates

    High Frequency, Low Churn: The Unexpected Power Users of Cross-Border Fintech

    For most financial technology companies, the race for growth hinges on capturing the youngest, most digitally-native users. But that could be misleading.
    Analysis & Opinions

    From Wages to Fraud to Deliveries: The Pattern Behind South Africa’s Recent Startup Funding

    A run of recent funding rounds shows local venture capital gravitating toward one type of company - regardless of sector.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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