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    Ecosystem News

    Ecosystem News

    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.
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    Ecosystem News

    Tax Breaks and Fast Tracks: Egypt Lures Fleeing Startups to Free Zones

    But will it be enough to reverse the exodus?
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    Ecosystem News

    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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    Ecosystem News

    Egypt’s Si-Ware, Africa’s Prolific Patent Filer, Sells Flagship Product to Swiss Lab Giant

    The company has raised $19 million since inception, supplemented by $20 million from contract chip design — a necessity in a region where deep-tech funding is scarce.
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    Moniepoint Posts First UK Profit as Group Recharges Drive Revenue to £18m

    The Nigerian fintech’s London subsidiary reported a £2.1m profit in 2025, but a £1.6m deferred tax credit did much of the work.
    Updates

    Swvl Posts 123% Net Dollar Retention as Enterprise Bet Pays Off

    Dubai-based mobility group reports 59% revenue growth but remains lossmaking and cash-burning, with an August fundraising set to roughly double its share count

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    Industry

    Cairo’s BPO Ecosystem Opens a New Front for Transatlantic Dealmaking

    While greenfield setups remain the main vehicle for corporate expansion in Egypt's tech export sector, cross-border M&A is emerging as an alternative for North American buyers seeking rapid scale.
    Industry

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.

    Latest articles

    Updates

    Moniepoint Posts First UK Profit as Group Recharges Drive Revenue to £18m

    The Nigerian fintech’s London subsidiary reported a £2.1m profit in 2025, but a £1.6m deferred tax credit did much of the work.
    Updates

    Swvl Posts 123% Net Dollar Retention as Enterprise Bet Pays Off

    Dubai-based mobility group reports 59% revenue growth but remains lossmaking and cash-burning, with an August fundraising set to roughly double its share count
    Updates

    London’s Lendable Picks Kenya’s Watu for First Check From $200m Climate Fund

    Watu, a Kenyan asset-financing company that provides lease-to-own motorcycles and smartphones across Africa and...
    Ecosystem News

    Uber and Jumia Alumni Close Moroccan Agritech YoLa Fresh After Failing to Secure Series A

    Less than three years after launch, Moroccan agritech standout YoLa Fresh has ceased operations after failing to secure Series A follow-on funding.

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