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    Ecosystem News

    Kenya’s Chpter Raises $1.2 Million to Expand E-commerce Platform

    Although Chpter operates independently of Marketforce, some of its investors have previously participated in the latter’s funding rounds.
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    Ecosystem News

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.
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    Ecosystem News

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

    Looking ahead, Kredete plans to scale its money transfer services to all African countries, expanding beyond the 20 currently available.
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    CENTRAL AFRICA

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.
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    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    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.

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    Partner Content

    Zero Fees vs. High Inflation: Why Cisco Is Doubling Down on Affinity Africa’s ‘Freemium’ Math

    When Affinity received its Savings and Loans license in 2022, it was the first such permit granted in over a decade.
    Partner Content

    Africa’s Growth Problem Isn’t Capital. It’s Leadership Without Collaboration

    Africa’s future won’t be determined by how much money arrives. Ray Langa, Group CEO of Leagas Delaney, writes from Cape Town

    Latest articles

    Updates

    LoftyInc Backs Morocco’s WafR in $4M Push to Digitalise the Corner Shop

    Founded in 2021 by Ismail Bargach and Reda Sellak, WafR has transitioned from a loyalty-app pilot to a critical piece of financial infrastructure.
    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.
    Corporate Governance Forum

    A Fractured Leg, a Pregnancy, and an Empty Promise: The Human Cost of a Nigerian Fintech’s Collapse

    A Nigerian fintech raised $2.6m from marquee investors, promised its employees fair treatment, and then shut down. A Nigerian court has spent two years untangling what it left behind.
    Ecosystem News

    Malagasy Infrastructure Firm Axian Targets Nigeria’s Clean Energy Market with DFI-Backed Expansion

    AXIAN’s entry is timed with the World Bank-supported DARES (Distributed Access through Renewable Energy Scale-up) program.

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