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    Ecosystem News

    Egypt Gets First Licensed Digital Bank: Banque Misr’s Onebank to Launch by Q4 2024

    In a landmark development for Egypt’s banking landscape, the Central Bank of Egypt has...

    Renda Secures $1.9 Million Pre-Seed Funding to Bolster Order Fulfillment Solutions in Africa

    Renda, a pioneering startup in the African logistics landscape, has closed a significant pre-seed...

    Launch Africa Ventures Investment Series: Ivory Coast’s Meditect Joins the List 

    Launch Africa Ventures, a leading venture capital firm focused on Africa, has announced its...

    “Margins Too Tight,” Glovo CEO Hints at Quitting Ghana

    Spanish delivery startup, Glovo, has recently announced its decision to cease operations in Ghana,...
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    IFC Backs Aruwa Capital’s $50M Second Fund as It Eyes Ghana Expansion

    Ticket sizes for ACF II are expected to range between $1m and $3m, focusing on businesses that have moved beyond the seed stage but remain too small for global PE players.

    Delta40 Secures $20M for Africa’s First Integrated Studio-and-Fund Model

    The studio typically writes initial checks between $100k and $500k. However, the real value proposition is the “capital leverage.”

    When a Multilateral Bank Goes Seed-Stage: Afreximbank’s Startup Gamble

    This accelerator is not a standalone experiment; it is the logical progression of a more aggressive investment strategy.

    Profits in the Gulf, Compliance Headaches at Nasdaq: The $35m Race to Save Swvl’s Ticker

    Despite the operational turnaround, Swvl is still fighting for its life on the public markets.

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    IFC Backs Aruwa Capital’s $50M Second Fund as It Eyes Ghana Expansion

    Ticket sizes for ACF II are expected to range between $1m and $3m, focusing on businesses that have moved beyond the seed stage but remain too small for global PE players.

    Delta40 Secures $20M for Africa’s First Integrated Studio-and-Fund Model

    The studio typically writes initial checks between $100k and $500k. However, the real value proposition is the “capital leverage.”

    Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

    A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

    Death by Paperwork: How African Governments Quietly Became Their Startups’ Biggest Risk

    How regulation - once an afterthought in Africa's startup boom - quietly became the continent's most powerful market force. And what happens when it arrives too late, too fast, and all at once.