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    NORTHERN AFRICA

    With 25% Stake, Swvl Founder Chooses Growth Over Dividends After Profit Turnaround

    Swvl Holdings Corp (Nasdaq: SWVL), an Egyptian-based pioneer in public transportation services, has outlined...
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    Ecosystem News

    Is Bolt Leaving Nigeria Behind? New $237 Million Raise Raises Concerns

    Estonian ride-hailing company Bolt, a major competitor to Uber in Africa, has secured a...
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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...
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    WESTERN AFRICA

    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...
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    South African Anti-Fraud Startup Orca Secures $2.35M Seed Round to Protect Emerging Market Payment Rails

    The round was led by pan-African venture capital firm Norrsken22, which previously anchored the company’s $550,000 pre-seed round in early 2024.
    Updates

    European VC Newion Leads $2.1M Seed Round for SA Fintech NjiaPay

    The Amsterdam and South Africa-based startup, spun out of communications app Talk360, is bringing European-style payment orchestration to the African mid-market.

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    Partner Content

    Western Union and Cassava’s Sasai Target South Africa’s $1bn Outbound Remittance Market

    While the narrative around African remittances often focuses on inflows from Europe and the US, South Africa presents a lucrative inverse opportunity.
    Partner Content

    SolarAfrica Buys Out Its Own Backer in $39m Secondary

    The CESA buyout comes as SolarAfrica is simultaneously executing a broader transition in its business model 

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    Updates

    South African Anti-Fraud Startup Orca Secures $2.35M Seed Round to Protect Emerging Market Payment Rails

    The round was led by pan-African venture capital firm Norrsken22, which previously anchored the company’s $550,000 pre-seed round in early 2024.
    Updates

    European VC Newion Leads $2.1M Seed Round for SA Fintech NjiaPay

    The Amsterdam and South Africa-based startup, spun out of communications app Talk360, is bringing European-style payment orchestration to the African mid-market.
    Ecosystem News

    Algerian Super-App Yassir Buys Uno Hypermarkets to Fill the Jumia-Shaped Hole

    The rumoured unicorn is capitalising on Jumia's recent market exit by merging its digital ecosystem with a brick-and-mortar footprint.
    Updates

    After 14 Years of Bootstrapping, Cybervergent Raises $3M Seed to Scale AI Compliance Platform

    The deal continues a broader trend of Nigerian VCs backing foreign startups or local companies with continental ambitions, as Nigeria’s economy faces mounting macroeconomic challenges.

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