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    Ecosystem News

    Ivorian Fintech Startup Djamo Lands Funding from State-Owned Investment Fund Post-Series B

    Djamo raised $13m in Series B round from investors last year.

    Jail and $8M Fine: Senegal’s Appeal Court Seals Wari Founder’s Fate — A Pioneer Before Fintech Unicorn Wave

    The court has upheld conviction for illegal co-founder share dilution fraud, a dramatic downfall for the innovator who laid the groundwork for fintech success stories like Wave.

    African Startup Deal Tracker

    Our African Startup Deal Tracker keeps you informed about under-the-radar investments shaping Africa’s startup ecosystem.

    Kuda Brandishes Workforce as Employee Abuse Claims Shake Nigerian Fintech

    Kuda’s handling of these allegations will likely set a precedent for workplace policies within Nigeria’s fintech ecosystem, an industry that has grown exponentially over the past decade.
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    Mauritius Tightens Its Grip on Africa’s Startup Cap Tables

    Funds domiciled on the island have made a string of investments this year. The money is rarely Mauritian - and that is the point.

    Why Your Cheapest Hire Can Be the Most Costly

    Thuto Motsie CEO of Thamani, writes from Gauteng, South Africa

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.

    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.

    Latest articles

    Mauritius Tightens Its Grip on Africa’s Startup Cap Tables

    Funds domiciled on the island have made a string of investments this year. The money is rarely Mauritian - and that is the point.

    Why Your Cheapest Hire Can Be the Most Costly

    Thuto Motsie CEO of Thamani, writes from Gauteng, South Africa

    Kenafric Tests the Corporate VC Playbook for African Consumer Startups with $10M Fund

    Kenafric Group, the Kenyan consumer goods manufacturer whose brands range from chewing gum to...

    BII Backs Okra Solar with $7m Debt Facility to Scale Mesh-Grids in Nigeria

    British development finance institution bets that a lighter, decentralised alternative to mini-grids can help close one of the world's largest electricity access gaps - but the model's commercial viability still hinges on procurement and policy execution.