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    NORTHERN AFRICA

    From Startup CFO to Overnight Millionaire: How SWVL Employee Stock Options Minted a New African Millionaire

    Three years ago, Youssef Salem joined SWVL, a rising Egyptian transportation startup, as their...

    Egypt’s Leading Fintech Company Fawry Records $7 Million Profit in First Quarter of 2024

    Fawry, Egypt’s foremost fintech company, has reported a significant financial upswing, recording a net...

    Bahrain’s Beyon Solutions Expands Regional Footprint with Egypt’s Link Development Acquisition

    Beyon Solutions, a subsidiary of Bahrain Mumtalakat Holding Company, announced today the signing of...

    Flat6Labs Launches Tunisia Seed Fund II to Back Tunisian Startups

    Flat6Labs, a prominent venture capital firm, has announced the launch of Tunisia Seed Fund...
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    Two Shutdowns in Two Years Raise Questions Over Canada-Africa Fintech Economics

    Two Canadian fintechs built to move money between Canada and Africa have now failed within the space of two years. The pattern is unlikely to be coincidental.

    Nigerian EV Startup MAX Secures $8m Debt to Power Pan-African Expansion

    Metro Africa Xpress (MAX), the Nigerian-born electric mobility and fintech platform, has secured $8m in debt financing from Dutch impact investor Triple Jump. The capital injection marks a significant step in the company’s transition toward an asset-backed lending model designed to scale its green...

    78% Below Cost: The Unforgiving Math Behind Digital Health Startup Vezeeta’s Pivot to Bricks and Mortar

    The deal is the most tangible sign yet that Egypt’s best known digital health platform is pivoting towards a hybrid model at a time when the purely online playbook is struggling

    Profit, Pivot, and Panic: Swvl Faces Nasdaq Delisting Threat Despite $1.3m Turnaround

    Mobility technology company reports first annual profit since going public, but auditors raise going concern doubt and Nasdaq listing remains under threat

    Latest articles

    Two Shutdowns in Two Years Raise Questions Over Canada-Africa Fintech Economics

    Two Canadian fintechs built to move money between Canada and Africa have now failed within the space of two years. The pattern is unlikely to be coincidental.

    Nigerian EV Startup MAX Secures $8m Debt to Power Pan-African Expansion

    Metro Africa Xpress (MAX), the Nigerian-born electric mobility and fintech platform, has secured $8m...

    France’s Digital Africa Launches $58M Seed Fund to Back Overlooked African Tech Markets

    The pan-African initiative backed by the French development finance system is launching its first dedicated seed vehicle, targeting 30 startups across 20 countries.

    Namibia’s Bellatrix Launches $10M Fund to Tackle Southern Africa’s ‘Capital Desert’

    The fund represents a rare equity-focused play from Namibia, a country better known for its commodities and institutional pension funds than its tech exports.