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    EASTERN AFRICA

    US DFC Pours New Funding into Kenyan Startups Following President Ruto’s State Visit

    DFC has allocated $10 million each to Mogo Auto Kenya and BasiGo to further advance e-mobility solutions in Kenya. This aligns with President Ruto’s Africa Green Industrialization Initiative and builds upon DFC’s existing support for sustainable transportation in the country.

    Copia Kenya’s Fate Hangs in the Balance as Parent Company Collapses and Administration Procedure Begins

    Copia Global, a prominent B2C e-commerce platform and the parent company of Copia Kenya,...

    Catalyst Fund’s Investment Series: Tanzania’s Waste-to-Protein Startup BioBuu Joins the List

    Catalyst Fund, a leading impact investor in Africa, has announced an investment in BioBuu,...

    Despite Copia Global’s Uncertain Future, Secured Lender Holds Firm to $7.7 Million Loan

    Kenyan e-commerce startup Copia Global made headlines recently with announcements of potential layoffs and...
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    Egypt’s Banque Misr Invests $114 Million in Newly Licensed Digital Bank OneBank

    The Central Bank of Egypt granted initial approval for OneBank in May, marking the completion of the first phase of the rigorous licensing process, which includes three stages.

    Octoco Group Acquires Polymorph, Expanding Tech Footprint in South Africa

    With this acquisition, Polymorph Systems joins Octoco Consulting as a sister company within the Octoco Group, both headquartered in Techno Park, Stellenbosch.

    Egypt’s EXITS MENA Expands to Saudi Arabia, Eyes $1.07B Fund

    EXITS MENA, a leading fintech advisory and arrangement firm for startups and SMEs in the Middle East and North Africa (MENA) region, is expanding its operations to Saudi Arabia. The company has partnered with prominent Saudi investors, including Ammar Ahmed Shata, founder of Ghutra...

    Meet the 10 African Cleantech Startups Selected for the Blue Wave and Regen Wave Initiatives

    Ten innovative African startups are making waves in the clean technology sector, having been selected for the prestigious Blue Wave and Regen Wave initiatives. The initiatives, spearheaded by BFA Global, FSD Africa, and the International Union for Conservation of Nature (IUCN), aim to accelerate...

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    Egypt’s Banque Misr Invests $114 Million in Newly Licensed Digital Bank OneBank

    The Central Bank of Egypt granted initial approval for OneBank in May, marking the completion of the first phase of the rigorous licensing process, which includes three stages.

    Octoco Group Acquires Polymorph, Expanding Tech Footprint in South Africa

    With this acquisition, Polymorph Systems joins Octoco Consulting as a sister company within the Octoco Group, both headquartered in Techno Park, Stellenbosch.

    Prembly and Peleza Merge to Form Pan-African Identity Management Powerhouse

    Kenyan identity management startup, Peleza, and US-backed digital security platform, Prembly, have announced a...

    GO LIVE FUND Secures $4.8 Million Backing from ANAVA, Targets Tunisian ‘Pain Killer’ Startups

    The GO LIVE FUND, an €8 million ($8.6M) fund with a first closing at €6 million ($6.6M), aims to support 36 B2B startups in their initial development phase.