More
    HomeEcosystem News

    Ecosystem News

    Telegram Ads, Money Mules and $16bn: The Shadow Corridors Linking China to Africa

    Chinese-language money laundering networks (CMLNs) have begun openly marketing their financial services to operators in five sub-Saharan African countries, according to latest reports.

    Jumia Secures $50m IFC-Backed Emergency Raise After Total Equity Crashes 98%

    African e-commerce group Jumia Technologies was left with just $367,000 of total equity at the end of June

    From Lagos Ride-Hailing to Global Robotaxis: Moove Raises $250M at $2.1B Valuation

    The valuation represents a 2.8-fold increase from the $750mn the company commanded in its $100mn Series B round led by Uber in 2024.

    Canal+ and General Catalyst Back African Payments Startup Moment in $22M Series A

    “Within three years of launch, we are processing for some of Africa’s leading brands.”
    spot_img

    Keep exploring

    GB Corp Retains Controlling Grip on MNT-Halan After $1.4bn Valuation Funding Round

    Despite minor dilution, the Cairo-listed conglomerate remains the anchor shareholder in the fintech unicorn as it gears up for an EGX debut.

    ‘We Aren’t Fighting Rival EVs’: Inside ARC Ride’s $33.3m Bet on Beating Petrol

    "People determine who becomes the winners in this race."

    Four Startups, One Lead Investor: Inside Atlantica’s African AI Infrastructure Thesis

    A Lagos-based venture firm has backed four AI-native infrastructure start-ups in 18 months.

    Cash Plus Buys Into Morocco’s Airport Taxi Startup Ahead of 2030 World Cup

    Moroccan airports handled a record 36 million passengers in 2025.

    Latest articles

    GB Corp Retains Controlling Grip on MNT-Halan After $1.4bn Valuation Funding Round

    Despite minor dilution, the Cairo-listed conglomerate remains the anchor shareholder in the fintech unicorn as it gears up for an EGX debut.

    ‘We Aren’t Fighting Rival EVs’: Inside ARC Ride’s $33.3m Bet on Beating Petrol

    "People determine who becomes the winners in this race."

    Kenya’s Watu Bags $7M in Nondilutive Debt to Scale Smartphone and Vehicle Financing

    AHL Venture Partners has finalized a $7 million strategic debt facility for Watu, an...

    ‘Paper Valuations Don’t Return Capital’: Grindstone Launches $31m Exit-Focused Fund

    It will invest from Seed through Series A and retain capacity to provide follow-on funding to its strongest-performing companies.