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    Ecosystem News

    Ecosystem News

    TymeBank Deposits Surge to $385m as Digital Lender Builds on Unicorn Status

    The increase in deposits from R6.3bn ($347.11m) in June 2024 reflects the continued growth of the digital lender, which reached a milestone of 10.7m customers by the end of December.
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    Ecosystem News

    UK Commits $20m to Alterra Africa Tech Fund Backed by Dangote

    This latest commitment from BII follows the fund’s initial close last year, which saw it raise $140 million from a diverse range of international and African investors.
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    Ecosystem News

    Egypt’s State Fund Stakes Claim in African Tech Boom

    The fund recently extended its reach to Nigeria.
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    Ecosystem News

    Kenyan Tech Workers’ Welfare Reach a Turning Point After Nigerian Death

    “She went to managers crying, but they were videoing her and laughing at her.”
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    GrowthLabs Acquires Startup Gate to Unify MENA’s Fragmented Tech Ecosystem

    With the integration underway, GrowthLabs is stepping on the gas for geographic and product expansion.
    Updates

    London’s Lightrock Closes $500M Fund to Back Energy Access Firms Across Africa and Asia

    The fund targets a critical bottleneck in emerging market climate tech: the lack of growth-stage capital for established operators.

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    The Hidden Machinery Behind Egypt’s Quiet Adtech Exit Boom

    Global buyers are snapping up Cairo-based marketing startups, capitalising on years of rigorous local consolidation.
    Partner Content

    78% Below Cost: The Unforgiving Math Behind Digital Health Startup Vezeeta’s Pivot to Bricks and Mortar

    The deal is the most tangible sign yet that Egypt’s best known digital health platform is pivoting towards a hybrid model at a time when the purely online playbook is struggling

    Latest articles

    Updates

    GrowthLabs Acquires Startup Gate to Unify MENA’s Fragmented Tech Ecosystem

    With the integration underway, GrowthLabs is stepping on the gas for geographic and product expansion.
    Updates

    London’s Lightrock Closes $500M Fund to Back Energy Access Firms Across Africa and Asia

    The fund targets a critical bottleneck in emerging market climate tech: the lack of growth-stage capital for established operators.
    Partner Content

    Fintech Unicorn dLocal Bets on the Middle East as Africa’s Turbulence Refuses to Settle

    This reversal of fortune is stark.
    Ecosystem News

    Appeal Dismissed, Liquidation Confirmed: Court Delivers Final Blow to Mastercard-Backed $106m African Startup Fund

    A South African high court has rejected a final attempt by Africa Founders Ventures and its business rescue practitioner to overturn a winding-up order.

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

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