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    Ecosystem News

    Purple Elephant Ventures Secures Record $4.5 Million Seed Round for African Tourism Tech

    The $4.5 million seed round will allow PEV to scale its existing portfolio.

    Novastar Ventures Backs Sistema.bio with $3M to Expand Biogas Solutions in Africa

    This marks the first investment from Novastar’s Africa People and Planet Fund III (NVIII).

    LemFi, Led by OPay Alumni, Raises $53M in Series B to Tap into Booming Remittance Market

    LemFi has achieved significant milestones, including processing over $1 billion in monthly payment volume and recording $2 billion in annual transaction volume in 2023.

    Global Investors Are Buying Up South African Cybersecurity Firms in Record Numbers

    The feeding frenzy is showing no signs of abating anytime soon.
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    Egypt’s Top Fintech VC, DisrupTech Ventures, Enters the Blockchain Space

    This deal marks a pivotal moment for DisrupTech Ventures, as it indicates a willingness to diversify its portfolio beyond traditional fintech.

    Egypt Eases Small Deal Rules, But Big Investor Concerns Won’t Go Away

    This change effectively acknowledges that smaller transactions, previously subject to the same level of scrutiny as larger ones, were overburdening both regulators and investors.

    AfDB Backs New Funding Deal Targeting Battery-Energy Solutions in Africa

    The anchor commitment from PIDG was made through InfraCo, its investment arm, with concessional capital provided by PIDG Technical Assistance.

    A New Era for Algerian Startups: The Long-awaited IPO That Could Change Everything Takes Off

    An ambitious target has been set to reach 100 listings on both the main and secondary markets by 2030.

    Latest articles

    Egypt’s Top Fintech VC, DisrupTech Ventures, Enters the Blockchain Space

    This deal marks a pivotal moment for DisrupTech Ventures, as it indicates a willingness to diversify its portfolio beyond traditional fintech.

    Egypt Eases Small Deal Rules, But Big Investor Concerns Won’t Go Away

    This change effectively acknowledges that smaller transactions, previously subject to the same level of scrutiny as larger ones, were overburdening both regulators and investors.

    South Africa’s Insight Terra Raises $5.7 million to scale climate-tech platform

    The funding round highlights the growing investor confidence in African climate-tech solutions

    Enko Education Secures $24M to Triple Its Student Reach Across Africa by 2029

    The $24 million investment will fund Enko Education’s large-scale acquisition strategy aimed at consolidating Africa’s fragmented K-12 education market.