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    NORTHERN AFRICA

    Battered by Funding Crisis, Egyptian Startups Plot Comeback

    The resilience of local founders and a gradual return of investor interest in Africa could pave the way for recovery.

    Tunisia’s Konnect Networks Raises $1.5M to Simplify Online Transactions for Businesses

    Through partnerships with organizations like VISA, Konnect is working to extend secure payment services to previously excluded segments of the population.

    Morocco’s z.systems Raises $1M to Empower Traditional Retailers

    z.systems is a rapidly scaling startup dedicated to enhancing the competitiveness of Morocco’s small, independent retailers — locally known as “hanouts.”

    CAPSA Capital Rolls Out New $15M Fund to Back Tunisian Startups

    This $15 million fund comes at a critical juncture for the Tunisian startup ecosystem.
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    Arm-Harith $200M Infrastructure Fund Attracts AfDB Backing

    ARM-Harith Successor Infrastructure Equity Fund will invest in Ghana, Nigeria and across West Africa

    Malian Diaspora Startup Fund Ciwara Capital Targets $83M, Eyes Pan-African Expansion

    In early 2024, Ciwara Capital made its first direct investment outside Mali, backing LafricaMobile (LAM), a Senegal-based multi-channel digital communications platform.

    Egypt Integrates Apple Pay and Card Encoding for a Digital Payment Revolution

    Estimates suggest that the value of POS transactions will surge to approximately EGP 640 billion by the end of 2024, reflecting a 280% increase from 2021’s EGP 169 billion.

    Fresh Unicorn MNT-Halan Taps UAE Expat Workers in $2.7B Monthly Market Opportunity

    MNT-Halan’s entry into the UAE comes on the heels of a $157.5 million funding round in July, led by a $40 million investment from the International Finance Corporation (IFC).

    Latest articles

    Arm-Harith $200M Infrastructure Fund Attracts AfDB Backing

    ARM-Harith Successor Infrastructure Equity Fund will invest in Ghana, Nigeria and across West Africa

    Malian Diaspora Startup Fund Ciwara Capital Targets $83M, Eyes Pan-African Expansion

    In early 2024, Ciwara Capital made its first direct investment outside Mali, backing LafricaMobile (LAM), a Senegal-based multi-channel digital communications platform.

    From Zurich to Vaduz: The Global Non-Profits Backing African Startups

    Non-profits backing African startups have predominantly focused on energy, agritech, and fintech, though other sectors are increasingly gaining attention.

    Following TymeBank’s acquisition of Retail Capital, FutureGrowth Invests $8.3M in Rival Sourcefin

    Sourcefin, a South African fintech company specializing in alternative funding for small and medium-sized...