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    Ecosystem News

    EASTERN AFRICA

    BasiGo Secures $42M to Electrify Public Transport in Kenya and Rwanda

    The Series A equity round was led by Africa50, a pan-African infrastructure investment fund, marking a major milestone as the largest investment by an African fund in an electric mobility company.
    Read more
    WESTERN AFRICA

    Nigeria Halts Legal Proceedings Against Binance Executive Gambaryan Amid Diplomatic Pressure

    Gambaryan, a U.S. citizen and a high-ranking compliance officer at Binance, had been held in detention while awaiting trial
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    Venture Capital & Funding Sources

    Egypt’s Sawari Ventures Targets West and East African Startups in New $200M Fund

    Approximately 70% of the total fund, or about $140 million, is earmarked for investments within Egypt over the next four to five years.
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    Ecosystem News

    Quick Commerce Disruptor Breadfast Races Past $150M ARR as Egypt’s Economy Falters

    VNV Global notes that if Breadfast continues on its current path, the company’s growth could become a significant driver for the investor’s entire portfolio.
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    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.

    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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