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    Ecosystem News

    Egypt’s Kemitt Secures Undisclosed Funding, Expands into Saudi Arabia

    With over 100,000 SKUs, Kemitt’s unique on-demand manufacturing model ensures orders are delivered efficiently within 7 to 12 days.

    IFC Leads $157.5M Funding Round in Egyptian Fintech Giant MNT-Halan

    This latest capital infusion follows a series of substantial funding rounds totaling $520 million over the past two years.

    Meta, WhatsApp Hit with Record $220M Fine in Nigeria, Vow to Fight Back

    The FCCPC’s investigation, conducted jointly with the Nigeria Data Protection Commission (NDPC), found that Meta and WhatsApp engaged in abusive and invasive practices against Nigerian consumers and data subjects

    Ethiopian Banks Gain New Investment Powers: Startups, Others Now Fair Game

    Banks can hold up to 10% equity shares in a single non-banking business other than insurance.
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    More Cards, More Cash: The Contradiction at the Heart of Central African Fintech

    Across six countries sharing a central bank and a currency, a largely unknown interoperability platform is accumulating evidence...

    Fawry Taps the EBRD to Supercharge Its Lending Arm

    Fawry, Egypt’s largest electronic payments network, is accelerating its push into direct lending, securing a EGP 250m ($5.1m) financing facility from the European Bank for Reconstruction and Development (EBRD). The move marks a distinct pivot for the financial technology group as it seeks to...

    A New Expansion Map: African Startups Redraw Routes Through Accra

    From Nigerian defence contractors to Kenyan logistics software, a new cohort of well-capitalised tech firms is bypassing traditional hubs to set up operational bases in Accra.

    From Kitchens to Cockpits: The Egyptian Startup Turning Cooking Oil Into a 25x Investor Return

    Delta Oil operates at the intersection of waste management and energy production.

    Latest articles

    More Cards, More Cash: The Contradiction at the Heart of Central African Fintech

    Across six countries sharing a central bank and a currency, a largely unknown interoperability platform is accumulating evidence...

    Fawry Taps the EBRD to Supercharge Its Lending Arm

    Fawry, Egypt’s largest electronic payments network, is accelerating its push into direct lending, securing...

    Who Funds the Outliers? US Investors Are Bankrolling Nigeria’s Most Experimental Deals

    There is a counterargument that current data cannot disprove.

    Dodai Raises $13m Series A to Scale EV Battery-Swapping in Ethiopia

    Three years ago, when electric mobility was still an experimental idea in much of Africa, Japanese entrepreneur Yuma Sasaki made an unconventional choice.