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    Ecosystem News

    Kenya, South Africa, and Egypt Unaffected as Mercury Bank Reports Less Than 1% of Customers are Nigerian

    "As an immigrant from Pakistan myself, I have a lot of empathy for international founders and sincerely apologize to the founders impacted by this decision."
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    Latest Funding

    Nigeria’s Intron Health Secures $1.6M for AI-Powered African Accent Recognition

    Intron Health’s existing adoption in 30 hospitals across five markets, including Kenya and Nigeria, showcased its viability and potential impact.
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    NORTHERN AFRICA

    Egypt Pulls Back Welcome Mat for “Blank Check” Companies Amid Global SPAC Woes

    This regulatory shift comes in the wake of a global SPAC slowdown, with many SPACs facing challenges in identifying suitable acquisition targets and completing deals within the stipulated timeframe
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    Venture Capital & Funding Sources

    Norfund and Veolia to Invest Up to $50 Million in African Climate-Tech Solutions

    The platform plans to invest between €3 million and €50 million in projects ranging from low-carbon energy solutions and optimized water cycles to sustainable waste management.
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    BCEAO Sets Hard Deadline for Fintechs Stalling on West Africa’s Interoperable Payments Network

    The mandate, announced this week, forces a reckoning for the region’s largest fintechs and telecom operators.
    Updates

    Five Brutal Truths About African Tech in Q1 2026

    Quarter-on-quarter deal data from Q1 2025 and Q1 2026  reveals an ecosystem in the middle of a structural reset. These are the five things the numbers say plainly.

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    Partner Content

    Apis Logs $1B in Gains as iKhokha and Baobab Deals Heat Up African Fintech 

    "We engage with buyers before we invest."
    Partner Content

    Egypt’s Telda Abandons the Unbanked to Chase Egypt’s Consumer Credit Boom

    Startup backed by Sequoia Capital abandons original focus on the unbanked to build a vertically integrated financial group.

    Latest articles

    Updates

    BCEAO Sets Hard Deadline for Fintechs Stalling on West Africa’s Interoperable Payments Network

    The mandate, announced this week, forces a reckoning for the region’s largest fintechs and telecom operators.
    Updates

    Five Brutal Truths About African Tech in Q1 2026

    Quarter-on-quarter deal data from Q1 2025 and Q1 2026  reveals an ecosystem in the middle of a structural reset. These are the five things the numbers say plainly.
    Updates

    Flourish Ventures Backs Flutterwave Stablecoin Partner Kulipa in $6.2m Seed Round

    Flourish Ventures is a long-standing backer of Flutterwave, having first invested in the African fintech giant during its early growth stages in 2017.
    Ecosystem News

    Fintech Unicorn Flutterwave Lands Banking License to Take on Nigeria’s Digital Incumbents

    Flutterwave, Africa’s most valuable fintech, has acquired a microfinance bank (MfB) license from the Central Bank of Nigeria (CBN).

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