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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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    NORTHERN AFRICA

    Al Mada Ventures Takes Control of Moroccan Agritech Startup Yola Fresh

    Although YoLa Fresh is registered as a U.S.-based entity, its operations and market are primarily localized in Morocco, granting the Moroccan Competition Council oversight in assessing its market impact.
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    WESTERN AFRICA

    Ghana’s $2bn Remittance Market Shaken by License Suspensions, Over 10 Fintechs Down

    In 2023, Ghana received US\$2.4 billion in personal remittances, which is estimated to account for about 6% of the country’s GDP. This makes Ghana the second largest recipient of remittances in sub-Saharan Africa, after Nigeria.
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    WESTERN AFRICA

    Leadership Overhaul at Leatherback: Investors Take the Helm After CEO Departure

    Zedcrest Group, through its venture arm, Zedcrest Capital, which led the $10 million pre-seed round two years ago, retains a minority interest but exercises strategic oversight.
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    Stablecoins and Data-Driven Lending: What African Tech Investors Backed in July

    Foreign investors accounted for about 70 per cent of all investor participations in July.
    Partner Content

    SA Repeat Founders Process Over $60m in Six Months With Stablecoin Safari Startup

    Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.

    Sponsored Posts

    Partner Content

    Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

    Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.
    Partner Content

    1M Users in 8 Years, 9M in 6: The Smartphone Pivot Driving M-KOPA’s Hypergrowth

    The group now signs up about 10,000 new customers daily.

    Latest articles

    Updates

    Stablecoins and Data-Driven Lending: What African Tech Investors Backed in July

    Foreign investors accounted for about 70 per cent of all investor participations in July.
    Partner Content

    SA Repeat Founders Process Over $60m in Six Months With Stablecoin Safari Startup

    Cape Town-based start-up uses stablecoins and a merchant-of-record model to undercut transaction fees that have long burdened African tourism businesses.
    Policy & Regulations Forum

    Stablecoins, Remote Work, and Sweeping Levies: Can Nigerian Crypto Survive Its Tax Winter?

    Nigeria’s proposed plan—demanding that withholding tax be paid in the native token and remitted to a government-controlled wallet—is a radical departure from global norms.
    Updates

    African Startup Deal Tracker — Newest Deals

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

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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