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    Ecosystem News

    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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    EASTERN AFRICA

    From Near-Closure to New Ownership: Kenya’s Mobius Motors Sold to Middle East Investors in Rescue Bid

    Alongside the acquisition announcement, Silver Box unveiled a leadership transition at Mobius.
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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

    60-Second Loans, 4-Year Refunds: The Digital Illusion Inside Kenya’s $9.3bn Sacco Sector

    Savings co-ops now manage $9.3bn for nearly 8 million members, but behind the shiny USSD menus lies a system where automated debt collection masks a total breakdown in back-office accountability.
    Industry

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

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