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    Nigeria Devalues Local Currency by 75% in 2025 Budget: Tech Industry on Red Alert

    The startup ecosystem, once a magnet for foreign capital, has been decimated.
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    Latest Funding

    Egypt’s Swvl Raises $4.7M for US Market Expansion

    Swvl intends to channel the proceeds into working capital and operational expansion, particularly in regions with high growth potential.
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    Ecosystem News

    Orange Egypt Targets African Startups with $52M Fund

    Orange Egypt’s new initiative builds on the foundations of Orange Ventures, the €350 million corporate venture fund launched in 2021.
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    Ecosystem News

    dLocal Sees 80% Revenue Loss in Nigeria – Egypt’s Boom Keeps Africa Profitable

    Nigeria, hitherto Africa’s largest economy, painted a grim picture for dLocal. Revenues fell to $2.1 million in Q3 2024, a mere 1% of total company revenues, down from $55 million during the first nine months of 2023.
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    Moniepoint-Backer Lightrock Africa Secures IFC Anchor for New $200M Growth Fund

    The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
    Updates

    Three Years, $618M Pledged: Nigeria’s iDICE Tech Fund Finally Lands With a $729K Startup Grant

    The gap between that announcement and this week’s grant disclosure illustrates how slowly large development-finance vehicles translate into founder-facing capital in Africa’s largest economy.

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    Partner Content

    The Riyadh-Cairo Pipeline: Saudi’s VMS Lands in Egypt to Hunt for Seed+ Scaleups

    Founders looking to join the first cohort have a narrow window to apply.
    Partner Content

    A New Wave of Tech Firms Is Tapping Nigeria’s Public Debt Market

    The broader market backdrop explains why more technology companies are exploring this route.

    Latest articles

    Updates

    Moniepoint-Backer Lightrock Africa Secures IFC Anchor for New $200M Growth Fund

    The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
    Updates

    Three Years, $618M Pledged: Nigeria’s iDICE Tech Fund Finally Lands With a $729K Startup Grant

    The gap between that announcement and this week’s grant disclosure illustrates how slowly large development-finance vehicles translate into founder-facing capital in Africa’s largest economy.
    Partner Content

    Going Public Cost Africa-Focused Fintech Optasia Over $23M — 31% of Its Primary Raise

    The Dubai-headquartered fintech listed on the Johannesburg Stock Exchange in November 2025.
    Venture Capital & Funding Sources

    Europe’s EIB Backs Speedinvest to Channel $230M Into African Fintech Startups

    The Vienna-based VC firm has formalised a new vehicle targeting fintech and mobile-first startups across North and Sub-Saharan Africa.

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