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    Ecosystem News

    African Tech Ecosystem Confronts Rare Suicide Cases Within One Month

    The African tech community is grappling with the shocking suicides of prominent figures within a single month.
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    WESTERN AFRICA

    Ex-Revolut and Sendwave Veterans Land $8M to Transform African B2B Payments with Waza

    Investors were likely drawn to Waza’s rapid growth trajectory. Within five months, the company increased its monthly payment volumes from $280,000 to $70 million, translating to an annualized volume of $700 million.
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    Ecosystem News

    Jumia Raises $99.6M in New Offering as Currency Depreciation Hits Key Markets

    Jumia’s capital raise comes in the wake of its financial results for the first half of 2024, where the company reported $85.37 million in revenue — a slight increase from $85.28 million in the same period the previous year.
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    Ecosystem News

    FIDO Bags $10M Investment to Democratize Finance in Africa

    FIDO’s recent $10 million funding round follows its successful Series A raise of $30 million in 2022, which was led by Fortissimo Capital.
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    Final Liquidation Ordered for Copia Despite Creditor Fight Over IP Sale and Audit

    Court rejects creditor demands for forensic audit, appoints KPMG pair as liquidators despite objections over transparency.
    Ecosystem News

    ‘Markets Dictate Success, Not Founders’: How TLcom Is Adapting to Africa’s VC Realignment

    Cyril Shonibare, Principal at TLCOM—one of Africa’s largest early-stage VC funds—sits down with Launch Base Africa to discuss the firm’s deployment strategy, the collapse of open banking pioneer Okra, and hard-won lessons in early-stage African venture capital.

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    Industry

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.
    Industry

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

    Latest articles

    Updates

    Final Liquidation Ordered for Copia Despite Creditor Fight Over IP Sale and Audit

    Court rejects creditor demands for forensic audit, appoints KPMG pair as liquidators despite objections over transparency.
    Ecosystem News

    ‘Markets Dictate Success, Not Founders’: How TLcom Is Adapting to Africa’s VC Realignment

    Cyril Shonibare, Principal at TLCOM—one of Africa’s largest early-stage VC funds—sits down with Launch Base Africa to discuss the firm’s deployment strategy, the collapse of open banking pioneer Okra, and hard-won lessons in early-stage African venture capital.
    Policy & Regulations Forum

    Tunisia’s Fintech Crackdown

    Analysts expect these hurdles to favor established institutions.
    Updates

    Opera Quietly Liquidates Kenyan Ad Unit Ahead of OPay’s $4B US IPO

    Opera’s fintech play in Africa extends well beyond its Kenyan operating entities.

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