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    Fintech Unicorn Wave Taps Ex-MTN Exec to Lead Its Cameroon Operations

    Cameroon now accounts for over 70% of all mobile money activity in the six-nation CEMAC bloc, which the Bank of Central African States (BEAC) reported processed over €90bn in transactions in 2022.
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    Ecosystem News

    Flat6Labs Launches F6 Ventures, Pivoting to Larger Investments After 14 Years

    F6 Ventures will now manage the group’s venture capital funds.
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    Ecosystem News

    Cairo’s Suplyd Raises $2M to Build an Operating System for Restaurants

    The company operates in Egypt’s Hotels, Restaurants, and Catering (HORECA) market, which is valued at an estimated $10bn.
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    Ecosystem News

    EBRD Puts $10M into Breadfast as the Egyptian Grocery Startup’s Valuation Nears $400M

    The European Bank for Reconstruction and Development (EBRD) is injecting $10 million into Breadfast.
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    Seventy-Two Hours: OPay CTO Held Zero Shares on Eve of Aborted $4bn US Listing

    Power of attorney filings and blank Form 3s trace the high-stakes final days before payment giant pulled its IPO.
    Ecosystem News

    ‘The Future Isn’t Just Grants’: How Salient’s i3 Network Brokered $19M in Deals for African Healthtech Startups

    Backed by the Gates Foundation and run by Salient Advisory, i3 is helping African healthtech startups move beyond donor-funded pilots towards commercial partnerships and sustainable scale. Senior Consultant Somto Chloe Keluo-Udeke discusses the initiative with Launch Base Africa.

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    Industry

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.
    Industry

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

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    Updates

    Seventy-Two Hours: OPay CTO Held Zero Shares on Eve of Aborted $4bn US Listing

    Power of attorney filings and blank Form 3s trace the high-stakes final days before payment giant pulled its IPO.
    Ecosystem News

    ‘The Future Isn’t Just Grants’: How Salient’s i3 Network Brokered $19M in Deals for African Healthtech Startups

    Backed by the Gates Foundation and run by Salient Advisory, i3 is helping African healthtech startups move beyond donor-funded pilots towards commercial partnerships and sustainable scale. Senior Consultant Somto Chloe Keluo-Udeke discusses the initiative with Launch Base Africa.
    Updates

    ABA Life Secures $40Mn from Admaius to Test Morocco’s Unicorn Ambitions in Sovereign Health AI

    Growth-equity deal values Casablanca-based HealthTech platform at a fraction of the billion-dollar threshold, as African healthtech funding remains subdued.
    Updates

    Mauritius Tightens Its Grip on Africa’s Startup Cap Tables

    Funds domiciled on the island have made a string of investments this year. The money is rarely Mauritian - and that is the point.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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