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Norfund Backs Nigeria’s OmniRetail in $20M Round — Its First Direct African Startup Investment

The funding follows significant internal achievements: OmniRetail became EBITDA positive in 2023 and net profitable in 2024, a rare milestone for African B2B commerce startups.

April 28, 2025

Ecosystem News

IFC Backs Lendable With $45M to Fuel Fintech Lending in Africa

The new fund follows Lendable’s 2023 close of its first MSME Fintech Credit Fund at $110 million, exceeding its $100 million target.

April 24, 2025

Ecosystem News

The Next Bangalore? Foreign Tech Firms Flock to Egypt’s Talent— But New Rules Now Apply

“Egypt is the best place to launch operations in the region.”

April 23, 2025

EASTERN AFRICA

“No Evidence of Corruption”: Twiga Foods CEO Denies Allegations of Misconduct, But Key Questions Remain

"The current leadership and Board have not seen any evidence of corruption or personal benefit linked to this lease."

April 21, 2025

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Cape Town’s Havaíc Hits $30m Milestone for Third Fund as Institutional Interest Hardens

The latest capital injection comes from E Squared Investments

February 16, 2026

Updates

DPI Targets $1bn for Fourth Africa Fund as Proparco Chips in $42m

Rather than spreading bets thin, the fund plans to build a concentrated portfolio of roughly one dozen companies across North and Sub-Saharan Africa.

February 16, 2026

Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

February 11, 2026

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