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    Ecosystem News

    Ecosystem News

    Afreximbank Doubles Down on Gagan Gupta: Spiro Founder Bags New $300M for Minerals Platform A2MP

    The investment from Afreximbank's equity arm, FEDA, aims to move the continent beyond raw ore exports and capture the lucrative processing and manufacturing value chain.
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    Ecosystem News

    Equinix Escalates Lagos ‘Data Centre War’ With $100M Expansion Plan

    The US giant, which already owns MainOne, is building a new $22m facility as it battles rivals for dominance in West Africa's digital hub.
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    Ecosystem News

    Ventures Platform Gets $64M First Close to Move Beyond Seed Stage in Africa

    The Lagos-based VC, backed by BII, IFC and Michael Seibel, has secured the capital for its second fund and will now lead Series A rounds.
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    Ecosystem News

    Why Own the Balance Sheet? Optasia’s $1.3B IPO Crowns the Platform Model for African Fintech

    The company, which evolved from its 2012 origins as airtime credit provider Channel VAS, now processes over 31m transactions daily for 120m active monthly users.
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    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible
    Updates

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.

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    ANKA Splits B2B and Consumer Arms as New Owner Attempts Post-Insolvency Comeback

    Global Shop Group restores the Afrikrea consumer brand as it navigates parent company liquidation, founder exits, and a 537,000-user data leak.
    Industry

    Swvl Lands Sawiris Family Backing in $13M Push for U.S. Expansion

    Cairo-born mobility group secures $13m from Sawiris family vehicle as it tries to convert a fragile turnaround into American growth.

    Latest articles

    Updates

    Shoprite Joins South Africa’s Corporate Scramble for a Fintech Edge

    Standard Bank’s research found that eight out of 10 businesses in the informal sector are unregistered, making access to finance for expansion nearly impossible
    Updates

    Strategy vs. Execution: The Critical Diagnostic Leaders Miss Before Pivoting

    Before business leaders throw out a strategy that is not delivering, they should ask a more uncomfortable question. James Hughes, a business coach at Grow, writes from Cape Town, South Africa.
    Updates

    Kylian Mbappé-Backed Healthtech Unicorn Alan Makes First African Acquisition

    Tanel will be rebranded under the Alan name.
    Ecosystem News

    Uber to Exit Nigeria After 12 Years Despite $100M Bet on Vehicle Financier Moove

    Silicon Valley ride-hailing giant winds down West African operations as macroeconomic pressures and state-backed competitors squeeze margins.

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