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    Ecosystem News

    New Funding Option for Ghanaian Startups: Development Bank Seeks VC, PE Partners

    Ghanaian venture capital (VC) and private equity (PE) firms seeking new funding partners have...

    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...

    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...
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    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    From Profitability to $10M ARR: How Prembly Cracked Africa’s Identity Infrastructure

    "We’re processing around seven million unique verifications per month, up from 4.7 million."

    Latest articles

    Nearly 80% of African Startup Funding in May Was Debt

    A month without a single equity round above $10m also raises questions.

    The Elite Funnel: Why African Tech’s New Financing Mix Signals a Hollowing of the Core

    Priced equity rounds from US and Gulf venture capital have all but vanished.

    NALA Secures up to $50M Credit Facility From MUFG-Backed Liquidity to Pre-Fund Stablecoin Payment Corridors

    "At some point our business was more than doubling every other quarter, we grew faster than we could handle pre-funding for single-direction payments and everything broke."

    South African Fintech Flagship Yoco Buys Restaurant Software Platform Dyner.ai

    The South African payments group is bolting on an AI-native operating system for restaurants, while a new European CEO prepares to take the helm.