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    SOUTHERN AFRICA

    Sanari Capital Targets Technology-Driven Growth with New $80M Africa-Focused Fund

    The fund’s investors include prominent South African pension funds and workers' unions.

    Trading Platform Banxso Confronts South Africa’s Investment Regulator in a Rare Fiasco

    According to FSCA statements, Banxso reportedly contacted clients, implying that its FSP license had been reinstated and that it could legally resume trading activities.

    MultiChoice’s Fintech Arm ‘Moment’ Reaches $80M Valuation Following Recent $22M Funding Round

    Founded in 2023, Moment is a joint venture between MultiChoice, payments platform Rapyd, and venture capital firm General Catalyst.

    TymeBank’s Indonesian Expansion Gains Momentum with $2.5M New Funding Support

    This partnership marks Tyme’s strategic expansion into Southeast Asia’s financial landscape, building on its established presence in South Africa and the Philippines while offering Finfra valuable international exposure.
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    IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

    Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.

    African Startup Deal Tracker — Newest Deals

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

    10,000 Interns and Counting: The Massive Tech Skills Offensive Led by Egypt’s ITIDA

    The payoff is starting to show. In the fiscal year 2022–2023, Egypt’s IT-enabled services sector grew by 54.2%, reaching $3.7 billion in exports.

    9 in 10 African Companies Lack AI Skills. SA’s WeThinkCode Just Got $2M From Google to Fix It

    WeThinkCode, founded in Johannesburg in 2015, runs tuition-free, aptitude-based coding programmes designed to make digital careers accessible to underrepresented communities.

    Latest articles

    IFC Puts $120m Into Zafiri, a Clean Energy Fund Aiming to Reach 30m Africans

    Zafiri will serve as a blended finance vehicle — meaning it uses a mix of concessional (low-cost) and commercial capital — to help de-risk investments in companies delivering DRE solutions.

    African Startup Deal Tracker — Newest Deals

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

    The South African Powering Chime’s $18.4 Billion Nasdaq Debut

    Serving as Chime’s Chief Operating Officer since 2019, he played a crucial role in guiding the company through pandemic-era volatility

    From Dakar to Marseille: Southern France Woos African Startup Founders

    For founders considering a European expansion strategy, southern France — often overlooked in favor of Paris or Berlin — may now be worth a serious look.