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Ecosystem News

Ecosystem News

Deel Acquires South Africa’s PaySpace, to Expand HR Footprint in Africa

Deel, the HR startup valued at $12 billion, is making strategic strides in the...
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Ecosystem News

Acasia Ventures Joins $1.5M Pre-Seed Funding Round to Boost Kenyan Ecommerce Startup Tappi

In a significant move towards advancing the digital transformation of micro, small, and medium-sized...
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Ecosystem News

Cameroonian Cleantech Startup upOwa Acquired by EDF to Boost Affordable Solar Solutions

In a strategic move to bolster its presence in the Cameroonian energy sector, Electricité...
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Partner Content

Investor Khwarizmi Ventures Assists Egyptian Startup Khazna with Expansion into Saudi Arabian Market

Regional FinTech platform, Khazna, has announced its strategic partnership with Khwarizmi Ventures (KV) to...
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Backed by $6.75m, Egypt’s Taager Picks GOAcommerce Founder to Spearhead Morocco Launch

Taager, the Cairo-based social e-commerce platform, has named Moroccan startup founder Salma Ammor as Country Manager for its new Morocco office.
Updates

IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.

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10,000 Interns and Counting: The Massive Tech Skills Offensive Led by Egypt’s ITIDA

The payoff is starting to show. In the fiscal year 2022–2023, Egypt’s IT-enabled services sector grew by 54.2%, reaching $3.7 billion in exports.
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9 in 10 African Companies Lack AI Skills. SA’s WeThinkCode Just Got $2M From Google to Fix It

WeThinkCode, founded in Johannesburg in 2015, runs tuition-free, aptitude-based coding programmes designed to make digital careers accessible to underrepresented communities.

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Backed by $6.75m, Egypt’s Taager Picks GOAcommerce Founder to Spearhead Morocco Launch

Taager, the Cairo-based social e-commerce platform, has named Moroccan startup founder Salma Ammor as Country Manager for its new Morocco office.
Updates

IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.
Updates

African Startup Deal Tracker — Newest Deals

Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week.
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The South African Powering Chime’s $18.4 Billion Nasdaq Debut

Serving as Chime’s Chief Operating Officer since 2019, he played a crucial role in guiding the company through pandemic-era volatility

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