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    Ecosystem News

    SOUTHERN AFRICA

    TymeBank Lands Additional $9.5M from African Rainbow Capital

    The bank has surpassed 9.5 million customers, showcasing robust growth in its customer base.
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    Latest Funding

    Algeria’s LabLabee Raises $3.4M to Lead Training in 5G, Cloud, and AI Technologies

    The fresh capital will enable LabLabee to expand its innovative hands-on training platform.
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    WESTERN AFRICA

    New PoS Directive Opens Doors for Blockchain Startups in Nigeria

    The new directive, detailed in a circular issued by the Central Bank of Nigeria, requires that businesses using PoS terminals for electronic payments must route their transactions exclusively through either NIBSS or Unified Payment Services Limited (UPSL).
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    WESTERN AFRICA

    Ivory Coast Social Commerce Startup Tuzzo Africa Secures $831K in Pre-Seed Funding

    The platform allows users to sell products without any initial financial outlay. With just a few clicks, users can select items, set their own profit margins, and share products directly on social media platforms.
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    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.
    Updates

    Karooooo’s Delivery Arm Rides Quick-Commerce Wave as Fleet-Tracking Core Matures

    South African vehicle-tracking group Karooooo is quietly building a second growth engine in the form of an ultra-fast delivery business that is expanding at more than twice the pace of its established Cartrack fleet-management operations. The company, which is listed on Nasdaq with a secondary...

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    From Pilot to Profit: Kenya’s Jackfruit Finance Takes Its School Lending Model Across East Africa

    The move to a revenue-sharing arrangement marks a transition away from subsidised pilot funding.
    Partner Content

    Koko Networks Puts Ethanol Platform on the Block in $15m Asset Sale

    The sale is being targeted at corporate and institutional participants with demonstrated financial capacity to conclude a transaction exceeding $15m.

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    Updates

    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.
    Updates

    Karooooo’s Delivery Arm Rides Quick-Commerce Wave as Fleet-Tracking Core Matures

    South African vehicle-tracking group Karooooo is quietly building a second growth engine in the...
    Ecosystem News

    Uber to Acquire Glovo and Talabat’s African Operations Under Delivery Hero’s $16.9bn Takeover

    Transaction will give US ride-hailing and delivery group a foothold in fast-growing markets including Egypt, Kenya and Nigeria.
    Partner Content

    Rooibos Becomes South Africa’s Latest Export — to Space

    Rooibos seeds bound for the International Space Station in initiative linking space plant science with skills development.

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