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    Ecosystem News

    Digital Freight Startup MVX Shutters Amid Nigeria’s Worsening Currency Crisis

    The company raised $1.3 million in seed funding in 2021 from investors.

    Ethiopia Picks Nigeria’s Kuramo Capital to Lead $100M Fund Targeting Startups

    Kuramo Capital will serve as the general partner, overseeing the fund’s establishment and mobilizing capital to achieve a first close by 2025.

    Prolific Nigerian Tech Investor Spins Out JADA, to Train AI Talent for the Global Market

    JADA's latest funding represents an important step for the startup, but it is also part of a broader strategy to establish Africa as a hub for AI expertise.

    LeapFrog Raises $1.15B to Scale Healthcare, Finance, and Climate Solutions in Africa

    LeapFrog has a strong history of investing in Africa, with past investments in companies such as JUMO and Interswitch.
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    Kenya’s EU-Backed Carbon Registry Moves to Stop the Next Koko-Style Monopoly

    Officials argued that Koko’s massive credit issuance would “mop up” too much of Kenya’s national emissions quota, leaving little room for other sectors.

    Cheap, Collateral-Free, and Non-Dilutive: The ‘Unicorn’ Debt African Founders Are Chasing

    By the time Abuja-based founders start looking for their first serious debt facility, many have already spent months hearing versions of the same answer.

    Africa’s Growth Problem Isn’t Capital. It’s Leadership Without Collaboration

    Africa’s future won’t be determined by how much money arrives. Ray Langa, Group CEO of Leagas Delaney, writes from Cape Town

    Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

    A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

    Latest articles

    Kenya’s EU-Backed Carbon Registry Moves to Stop the Next Koko-Style Monopoly

    Officials argued that Koko’s massive credit issuance would “mop up” too much of Kenya’s national emissions quota, leaving little room for other sectors.

    Cheap, Collateral-Free, and Non-Dilutive: The ‘Unicorn’ Debt African Founders Are Chasing

    By the time Abuja-based founders start looking for their first serious debt facility, many have already spent months hearing versions of the same answer.

    Why the “SaaSapocalypse” Shows Africa Must Own the AI Application Layer

    By Amadou Daffe, CEO and Co-Founder, Gebeya

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.