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    EASTERN AFRICA

    Kenyan President Withdraws Finance Bill Amid Deadly Protests

    Kenyan President William Ruto has announced his decision to withdraw a finance bill containing...
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    EASTERN AFRICA

    UPDATE: Kenyan Parliament Defies Protesters, Approves 16% VAT Increase in Finance Bill

    On Tuesday, parliament in Kenya passed the 2024 Finance Bill, despite widespread opposition from...
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    Ecosystem News

    Former Assistant Convicted in Grisly Murder of Gokada CEO Fahim Saleh

    Tyrese Haspil, the former assistant convicted of the 2020 murder and dismemberment of tech CEO Fahim Saleh, awaits sentencing in September. The trial revealed a tale of embezzlement, betrayal, and a premeditated plot to silence a witness.
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    Ecosystem News

    Launch Africa Ventures’ $100M Fund II Expands Portfolio with 16 African Startups

    Launch Africa, based in Mauritius, led African startup investments for consecutive years, averaging over one deal per week in 2022. Known for supporting market leaders like Kuda and MarketForce, the VC has diversified investments across pre-seed, seed, and Series A startups continent-wide.
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    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.
    Ecosystem News

    MNT-Halan Shifts From Risky SME Lending as ‘Super-App’ Strategy Lifts Third-Quarter Profit

    The group has actively curtailed its exposure to higher-risk SME lending, which previously formed a larger share of its disbursements.

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    Industry

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.
    Industry

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Latest articles

    Updates

    South African Fintech Lumepay Raises $6M Pre-Seed to Build Africa’s Institutional Cross-Border Payments Rails

    Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.
    Ecosystem News

    MNT-Halan Shifts From Risky SME Lending as ‘Super-App’ Strategy Lifts Third-Quarter Profit

    The group has actively curtailed its exposure to higher-risk SME lending, which previously formed a larger share of its disbursements.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month
    Updates

    SA Fintech Yoco Snags $100m Private Credit Facility to Scale SME Lending

    As traditional banks hesitate, the TPG-backed payments group turns to global private credit to shrink South Africa's ZAR 350bn SME credit deficit.

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