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    Ecosystem News

    Egypt’s Breadfast Valuation Reaches $268M Following Series B Extension Round

    One of Breadfast’s key investors, VNV Global AB, disclosed that its 8.6% stake in the startup is now valued at $23.1 million, up from an initial investment of $16.9 million in 2021.
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    Venture Capital & Funding Sources

    Foundation Ventures Secures $25mn for Egypt and Africa Tech Startups

    A portion of the fund will also be allocated to investments in promising African startups beyond Egypt.
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    Ecosystem News

    Early-Stage Investor Saviu Reports Multi-Bagger Return on Lapaire Investment After Exit

    Saviu first invested in Lapaire in 2018, participating in subsequent funding rounds and ultimately holding a 22% stake.
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    Ecosystem News

    Backed by New $13M, Egypt’s Simplex is Building a Major CNC Factory in Riyadh

    CNC machines, which use pre-programmed software to automate the movement of machine tools, are crucial for modern manufacturing processes.
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    South Africa’s Mamor Capital Lands $18.8m First Close for Debut Tech Fund

    Black women-owned and managed venture capital firm moves from fundraising to deployment after securing anchor investment from the PIC.
    Updates

    Premium Brands Don’t Have a Quality Problem. They Have a Distinction Problem.

    Nomaswazi Phumo, Head of Strategy of Leagas Delaney South Africa, writes from Cape Town, South Africa

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    Industry

    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.
    Industry

    From Quebec to Africa: The Obscure Telecom Making a High-Stakes Nasdaq Debut

    In a market where the “landlord” model has proven wildly profitable, can the capital-hungry builder ever catch up?

    Latest articles

    Updates

    South Africa’s Mamor Capital Lands $18.8m First Close for Debut Tech Fund

    Black women-owned and managed venture capital firm moves from fundraising to deployment after securing anchor investment from the PIC.
    Updates

    Premium Brands Don’t Have a Quality Problem. They Have a Distinction Problem.

    Nomaswazi Phumo, Head of Strategy of Leagas Delaney South Africa, writes from Cape Town, South Africa
    Ecosystem News

    Swedfund Injects $20M Into AfricaGoGreen to Plug Climate Debt Gap

    The transaction is consistent with Swedfund’s demonstrated strategic priority.
    Policy & Regulations Forum

    How Moving Goalposts Are Freezing Francophone West Africa’s Fintech Scene

    For investors considering Francophone West Africa’s fintech sector, the past eighteen months have been ‘a study in uncertainty’.

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