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    NORTHERN AFRICA

    NORTHERN AFRICA

    Egyptian Fintech Fawry Rewards Employees with $1M+ Share Deal Amid Soaring Q1 Profits

    Fawry employees collectively hold 43.1 million shares in the company, representing a portion of the over 227 million shares allocated under the company’s Employee Stock Ownership Plan (ESOP)
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    Ecosystem News

    Silent Exit: Egyptian Fintech Cassbana Shuttered Operations After Losing $2M Funding

    Co-founders Mohamed Tarek and Mostafa Barakat have since left the company to pursue other endeavors, and Cassbana’s website is no longer active.
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    Ecosystem News

    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.
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    Venture Capital & Funding Sources

    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.
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    With First-Mover REIT, Fintech Unicorn MNT-Halan Raises the Stakes in Egypt’s Proptech Race

    Egypt’s largest fintech, MNT-Halan, is making a significant play for the country’s real estate market.
    Corporate Governance Forum

    One Scandal a Year: Paystack CTO Suspension Spotlights Nigerian Tech’s Leadership Crisis

    The suspension of Ezra Olubi at Stripe-owned Paystack is the latest in a troubling series of founder-related crises, raising urgent questions about governance and trust in Africa's most-funded ecosystem.

    Sponsored Posts

    Partner Content

    Lifestores CEO Steps Down as African Tech’s “Great Handover” Continues

    Andrew Garza’s transition from CEO at Lifestores Healthcare is the latest in a wave of founder successions at major African startups
    Partner Content

    From Media Giant to Family Business: Meet the First Firms Tapping Nigeria’s Landmark $200M Cleantech Fund — Updated

    A mix of established mini-grid operators, a family-run business, and a media giant's new energy venture are among the first to receive funding to build hundreds of solar mini-grids across Nigeria.

    Latest articles

    Updates

    With First-Mover REIT, Fintech Unicorn MNT-Halan Raises the Stakes in Egypt’s Proptech Race

    Egypt’s largest fintech, MNT-Halan, is making a significant play for the country’s real estate market.
    Corporate Governance Forum

    One Scandal a Year: Paystack CTO Suspension Spotlights Nigerian Tech’s Leadership Crisis

    The suspension of Ezra Olubi at Stripe-owned Paystack is the latest in a troubling series of founder-related crises, raising urgent questions about governance and trust in Africa's most-funded ecosystem.
    Analysis & Opinions

    Fawry’s 20% AI-Written Code Shows African Tech’s Most Important Shift Yet

    As 2025 draws to an end, earnings reports from Jumia, Fawry, and Swvl reveal a new playbook. We analyzed the common themes and what they mean for the continent's tech future.
    Partner Content

    How Fawry Outgrew Payments and Became Egypt’s Fintech Profit Machine

    These margins are exceptionally high for a fintech company, particularly in a market like Egypt.

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