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    NORTHERN AFRICA

    Egypt’s First SPAC Merger Sealed with $23M Acquisition of Fintech Startup Qardy

    In August 2024, Qardy closed a seven-figure pre-seed funding round backed by investors including White Field Ventures, Vastly Valuable Ventures, and a number of angel backers.

    Egypt’s Si-Ware, Africa’s Prolific Patent Filer, Sells Flagship Product to Swiss Lab Giant

    The company has raised $19 million since inception, supplemented by $20 million from contract chip design — a necessity in a region where deep-tech funding is scarce.

    Morocco’s Looming Mega-Sports Moment Tempts Fintechs — and Tests Its Regulators

    No new foreign banking licenses have been granted in over a decade.
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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.

    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.

    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

    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.

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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.

    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.

    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.

    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.