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    Ecosystem News

    Ecosystem News

    Morocco Selects Global GPs Including Westmont and AfricInvest to Manage $1.9bn in Thematic Funds

    The funds will be domiciled in Morocco and will invest through a mix of equity and quasi-equity instruments.
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    Ecosystem News

    Network International and Magnati Merge to Form $400bn African-Middle East Fintech Giant

    The new company will serve more than 250 financial institutions, 240,000 merchants, and 20 million cardholders in over 50 markets.
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    CENTRAL AFRICA

    A New Fintech Gold Rush in Cameroon — But Has the Market Really Changed?

    In 2022, it accounted for 71% of all mobile money transactions in Central Africa, totalling more than €90 billion
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    Ecosystem News

    Cairo Fire Exposes the Cracks Beneath Egypt’s Fintech Boom

    When infrastructure fails, the impact is brutally democratic: everyone goes down.
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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

    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market

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    Industry

    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.

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    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

    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market
    Updates

    What a LinkedIn Account Is Worth to South African Founders

    South Africa’s venture capital market is small, but its founders have found an unlikely way to get in front of investors.
    Ecosystem News

    IFC Eyes $4m Check in West Africa’s Gigmile as Asset-Financing Fintech Scales

    The proposed injection would form part of the company’s Series A round.

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