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    Ecosystem News

    Ecosystem News

    Payments Behemoth Visa Joins Moniepoint’s Cap Table

    Visa’s investment in Moniepoint follows a period of significant growth for the Nigerian fintech.
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    EASTERN AFRICA

    Norfund Doubles Its $40M Investment in CrossBoundary Energy Two Years After

    In July 2022, CrossBoundary Energy announced the completion of a US$40 million equity investment from Norfund and KLP, Norway’s largest pension company.
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    SOUTHERN AFRICA

    South African Insurtech Naked Secures $38m Funding in Africa’s Largest Sector Deal

    Founded in 2018 by former Ernst & Young executives and actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked distinguishes itself through a fully digital, AI-driven insurance platform.
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    Ecosystem News

    IFC Halts $50m Credit Line for African Fintech Onafriq

    The IFC’s proposed $50m investment, comprising an A Loan and B1 Loan Participations, was intended to further fuel Onafriq’s growth.
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    Why Global Tech Giants Are Offshoring Their Engineering Jobs to Egypt

    The country’s digital export revenues have surged from $2.4 billion in 2022 to $4.8 billion in 2025
    Updates

    The USAID-Shaped Hole: Nine Months On, African Tech Startup’s Story Has a New Plot

    A US aid pullout nine months ago triggered fears of an ecosystem collapse. But while early-stage startups are failing in record numbers, late-stage mega-deals are pushing funding to new highs. What's really going on?

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    Partner Content

    ‘Don’t Wait to Be Perfect’: How Selling Imperfect Produce Helped Farm to Feed Land a $1.5M Seed Round

    Pushing a problem that you think is important onto a customer doesn’t work.
    Partner Content

    TymeBank Names CCO Cheslyn Jacobs as New CEO Ahead of IPO Push

    Karl Westvig, who oversaw the fintech’s unicorn valuation, will move to an advisory role as the 11m-customer bank preps for a 2028 NYSE listing.

    Latest articles

    Updates

    Why Global Tech Giants Are Offshoring Their Engineering Jobs to Egypt

    The country’s digital export revenues have surged from $2.4 billion in 2022 to $4.8 billion in 2025
    Updates

    The USAID-Shaped Hole: Nine Months On, African Tech Startup’s Story Has a New Plot

    A US aid pullout nine months ago triggered fears of an ecosystem collapse. But while early-stage startups are failing in record numbers, late-stage mega-deals are pushing funding to new highs. What's really going on?
    Partner Content

    Lifestores CEO Steps Down as African Tech’s “Great Handover” Continues

    Andrew Garza’s transition from CEO at Lifestores Healthcare is the latest in a wave of founder successions at major African startups
    Analysis & Opinions

    Kenya’s Startup Crash Makes Way for Japanese Capital and Climate Dominance

    Kenya’s ecosystem has become highly specialised.

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