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    WESTERN AFRICA

    A Giant Digital Payment System is Underway in Francophone West Africa. And 90 Institutions Have Joined

    The new system, operational 24/7, allows for real-time, round-the-clock transactions of any kind, regardless of the account type.
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    WESTERN AFRICA

    Nigeria Freezes Over $37 Million in Cryptocurrency Linked to Protest Organizers

    While the EFCC did not disclose the identities of the wallet owners in its application, insiders have indicated that the wallets are connected to individuals involved in organizing the ongoing protests against the Nigerian government.
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    NORTHERN AFRICA

    Egypt’s Leading Fintech Fawry Made $13.9M in Profit in the First Half of 2024, a 111% Improvement

    Fawry processes over 4 million transactions daily and serves approximately 51 million users each month.
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    Latest Funding

    Launch Africa Ventures Investment Series: Fintech Startups Cauri Money and Kredete Join the List

    The platform connects borrowers and lenders, streamlining the lending process from application to repayment.
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    Kenyan Agritech Giant Twiga Enters Statutory Administration after Creditor Battles

    The administrative filing marks a significant setback for Twiga Foods, long viewed as a flagship venture model in East Africa.
    Industry

    14% to 4%: How Nigerian Regulation Took a Bite Out of Optasia’s Growth

    Ghana remains the group's largest African market by revenue, but a regulatory suspension in Nigeria has sharply reduced its contribution.

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    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.
    Industry

    Four Startups, One Lead Investor: Inside Atlantica’s African AI Infrastructure Thesis

    A Lagos-based venture firm has backed four AI-native infrastructure start-ups in 18 months.

    Latest articles

    Updates

    Kenyan Agritech Giant Twiga Enters Statutory Administration after Creditor Battles

    The administrative filing marks a significant setback for Twiga Foods, long viewed as a flagship venture model in East Africa.
    Industry

    14% to 4%: How Nigerian Regulation Took a Bite Out of Optasia’s Growth

    Ghana remains the group's largest African market by revenue, but a regulatory suspension in Nigeria has sharply reduced its contribution.
    Updates

    Egypt’s Synapse Analytics Raises $13M to Expand AI Decisioning for Regulated Lenders

    The financing round was led by Paris-headquartered venture firm Partech, with participation from regional investors Algebra Ventures and Silicon Badia.
    Ecosystem News

    Airnergize Capital Secures $239m Clean Energy Fund Anchored by DBSA

    The investor group combines South Africa’s major commercial balance sheets — including RMB Ventures, Standard Bank, Nedbank, and parent entity New GX Capital — with state development capital.

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