Ecosystem News Archives - Page 106 of 196

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NORTHERN AFRICA

Egypt’s Brotinni Secures Investment from Entilaq to Expand Regional Reach

The startup raised $600,000 in a seed funding round led by Innlife investments in 2022.

September 9, 2024

EASTERN AFRICA

Ethiopian Banks Fight for Their Share of Remittances with $900M DEBO Fund

Currently, recipients of remittances in Ethiopia have a variety of options, including mobile money services, cash pickups through agents, and direct bank deposits.

September 6, 2024

Venture Capital & Funding Sources

UK-Backed AgDevCo Ventures Targets Early-Stage Agri-SMEs Across Africa with £25M Fund

The funding from FCDO will enable AgDevCo Ventures to attract further capital, with an additional £20 million currently being raised from development finance institutions and family offices.

September 6, 2024

NORTHERN AFRICA

With Over $10M in Funding, Tunisia’s Wattnow Aims to Use AI for Real-Time Energy Monitoring

Wattnow is strategically positioned to capitalize on this expansion, particularly in its primary markets in Europe and the Middle East and Africa (MEA), where the market size was estimated at $11.77 billion and $1.68 billion, respectively.

September 6, 2024

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Updates

First-Time Founders Drive Nigeria’s Unicorn Boom

Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.

August 6, 2026

Updates

Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

August 6, 2026

Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.

July 23, 2026

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