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    Ecosystem News

    EGX Clears Egyptian BNPL Giant Valu for Stock Market Listing Amid $27M Fundraise

    The shares will be listed under the ticker symbol "VALU.CA" in the Non-Banking Financial Services sector, effective May 22, 2025.

    With 5 Unicorns, Lagos Overtakes Istanbul and Mumbai in Global Tech Growth Index

    Lagos' tech ecosystem is now valued at $15.3 billion, with unicorn production growing 3x since 2019.

    Egypt’s First SPAC Merger Sealed with $23M Acquisition of Fintech Startup Qardy

    In August 2024, Qardy closed a seven-figure pre-seed funding round backed by investors including White Field Ventures, Vastly Valuable Ventures, and a number of angel backers.
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    Novastar Ventures Targets AI-Native African Startups With Google-Backed Lab

    The initiative is part of a broader push by Google to deepen its understanding of AI use cases emerging from African markets.

    Nigeria’s Banking Crackdown Catches Fintechs Chasing Microfinance Licences

    The regulator revokes 46 permits, including those acquired by digital lenders eager to vault into deposit-taking.

    Proparco Anchors Rare Moroccan LP Position in EmTech’s New $60M Early-Stage Fund

    The fund plans to invest in around 20 startups, writing cheques of between $500,000 and $3m in pre-Series A and Series A rounds.

    Latest articles

    Novastar Ventures Targets AI-Native African Startups With Google-Backed Lab

    The initiative is part of a broader push by Google to deepen its understanding of AI use cases emerging from African markets.

    Nigeria’s Banking Crackdown Catches Fintechs Chasing Microfinance Licences

    The regulator revokes 46 permits, including those acquired by digital lenders eager to vault into deposit-taking.

    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval

    Catalyst Fund Raises $30 Million in Second Close for African Climate Adaptation Vehicle

    Venture capital firm draws in IFC, Shell Foundation and Trafigura Foundation to back start-ups addressing climate shocks.