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    Ecosystem News

    Egyptian Fintech Firm ValU Gears Up for IPO After Board Approval

    ValU has gained significant traction with its BNPL platform, enabling millions of consumers to make purchases and pay for them in installments.

    ‘New Funding Rounds Currently the Most Common Exit Strategy in Africa’ — Goodwell on Two Decades of Investment Lesson

    "Our most exited region to date is West Africa, where we have completed four exits."

    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.

    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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    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market

    What a LinkedIn Account Is Worth to South African Founders

    South Africa’s venture capital market is small, but its founders have found an unlikely way to get in front of investors.

    ANKA Splits B2B and Consumer Arms as New Owner Attempts Post-Insolvency Comeback

    Global Shop Group restores the Afrikrea consumer brand as it navigates parent company liquidation, founder exits, and a 537,000-user data leak.

    Swvl Lands Sawiris Family Backing in $13M Push for U.S. Expansion

    Cairo-born mobility group secures $13m from Sawiris family vehicle as it tries to convert a fragile turnaround into American growth.

    Latest articles

    Edtech Platform Abwaab Acquires Egypt’s Eduact in Bid to Consolidate Fragmented Market

    The Jordan-based group is expanding its footprint in the Arab world's most populous education market

    What a LinkedIn Account Is Worth to South African Founders

    South Africa’s venture capital market is small, but its founders have found an unlikely way to get in front of investors.

    IFC Eyes $4m Check in West Africa’s Gigmile as Asset-Financing Fintech Scales

    The proposed injection would form part of the company’s Series A round.

    The East Is Settling Into African Tech, Quietly

    A Toyota-backed fund, an Abu Dhabi sovereign investor and a Hong Kong merchant bank sat at the centre of August's largest African-linked funding round. None of them was there by accident.