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    Egypt’s Swvl Raises $4.7M for US Market Expansion

    Swvl intends to channel the proceeds into working capital and operational expansion, particularly in regions with high growth potential.
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    Ecosystem News

    Orange Egypt Targets African Startups with $52M Fund

    Orange Egypt’s new initiative builds on the foundations of Orange Ventures, the €350 million corporate venture fund launched in 2021.
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    Ecosystem News

    dLocal Sees 80% Revenue Loss in Nigeria – Egypt’s Boom Keeps Africa Profitable

    Nigeria, hitherto Africa’s largest economy, painted a grim picture for dLocal. Revenues fell to $2.1 million in Q3 2024, a mere 1% of total company revenues, down from $55 million during the first nine months of 2023.
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    NORTHERN AFRICA

    Al Mada Ventures Takes Control of Moroccan Agritech Startup Yola Fresh

    Although YoLa Fresh is registered as a U.S.-based entity, its operations and market are primarily localized in Morocco, granting the Moroccan Competition Council oversight in assessing its market impact.
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    Anka’s New Owner Global Shop Faces Critical Data Leak Days After Acquisition

    The embattled pan-African e-commerce platform Anka is grappling with a severe data breach affecting over half a million users.
    Updates

    BII Backs mPharma for Francophone Push Following Founder’s Exit

    The Ghanaian healthtech, now under new leadership, has secured a strategic investment from BII-backed GIP Ghana to expand its pharmacy network into Togo and Benin.

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    From Media Giant to Family Business: Meet the First Firms Tapping Nigeria’s Landmark $200M Cleantech Fund — Updated

    A mix of established mini-grid operators, a family-run business, and a media giant's new energy venture are among the first to receive funding to build hundreds of solar mini-grids across Nigeria.
    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.

    Latest articles

    Updates

    Anka’s New Owner Global Shop Faces Critical Data Leak Days After Acquisition

    The embattled pan-African e-commerce platform Anka is grappling with a severe data breach affecting over half a million users.
    Updates

    BII Backs mPharma for Francophone Push Following Founder’s Exit

    The Ghanaian healthtech, now under new leadership, has secured a strategic investment from BII-backed GIP Ghana to expand its pharmacy network into Togo and Benin.
    Partner Content

    Jumia’s Fintech Ambitions Remapped as JumiaPay App Transactions Collapse

    The pan-African e-commerce player's Q3 2025 results show a strategic retreat from its standalone payment app, as it doubles down on core e-commerce and its path to profitability.
    Ecosystem News

    Afreximbank Doubles Down on Gagan Gupta: Spiro Founder Bags New $300M for Minerals Platform A2MP

    The investment from Afreximbank's equity arm, FEDA, aims to move the continent beyond raw ore exports and capture the lucrative processing and manufacturing value chain.

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