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    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...

    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...
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    Middle East Conflict Forces Egypt’s Financial Sector into Remote Work as Petroleum Bill Hits $2.5bn

    Here is a breakdown of the policy, the economic conditions driving it, and how it will affect businesses on the ground.

    Egypt Salvages Startup Accelerator After USAID Collapse

    ITIDA stepped in to fund a programme that lost its US development finance backing, as 61 startups from Upper Egypt collectively attracted EGP 200 million in investment

    Egypt’s Telda Abandons the Unbanked to Chase Egypt’s Consumer Credit Boom

    Startup backed by Sequoia Capital abandons original focus on the unbanked to build a vertically integrated financial group.

    Moniepoint Rides Wave of Nigerian Fintech Consolidation as Venture Funding Retreats

    While Orda currently operates in Nigeria and Kenya, this acquisition only covers its Nigerian operations, leaving the future of its Kenyan arm undecided.

    Latest articles

    Middle East Conflict Forces Egypt’s Financial Sector into Remote Work as Petroleum Bill Hits $2.5bn

    Here is a breakdown of the policy, the economic conditions driving it, and how it will affect businesses on the ground.

    Egypt Salvages Startup Accelerator After USAID Collapse

    ITIDA stepped in to fund a programme that lost its US development finance backing, as 61 startups from Upper Egypt collectively attracted EGP 200 million in investment

    Breega Nets $8.5m From AfDB as Development Bank Ramps Up VC Appetite

    Both recent AfDB commitments were structured as first-loss tranches via the European Commission’s Boost Africa programme—a blended finance move designed to shield private capital from initial losses.

    African Startup Deal Tracker — Newest Deals

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