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    WESTERN AFRICA

    Ecosystem News

    What Went Wrong at Edukoya? Nigerian Edtech Closure Raises Market Questions — and Financial Red Flags

    Even in 2022, a year after the purported $3.5 million raise, Edukoya presented a net liability of £353,881.
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    Ecosystem News

    Togo’s Gozem Raises $30M to Fuel Vehicle Financing Across Francophone Africa

    For Morocco’s Al Mada Ventures, investing in a high-growth super-app in Francophone Africa fits its broader financial services strategy.
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    Ecosystem News

    Nigerian Fintech Giant Flutterwave Eyes Lagos IPO as Wall Street  Debut Remains Uncertain

    Experts, however, question if Flutterwave listing on the Nigerian Exchange (NGX) will maximize investor returns.
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    Ecosystem News

    Ivorian Fintech Startup Djamo Lands Funding from State-Owned Investment Fund Post-Series B

    Djamo raised $13m in Series B round from investors last year.
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    Flat6Labs Expands to Morocco: What Can Startups Expect From Its New Accelerator?

    Flat6Labs is not the only player betting on Moroccan startups.
    Updates

    UGFS-VC’s $17M Series A Tech Fund Reaches First Close with Backing from ANAVA

    With over 15 years of experience and 20 funds structured, UGFS-VC manages assets totaling 240 million Tunisian dinars ($80 million).

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    Updates

    Flat6Labs Expands to Morocco: What Can Startups Expect From Its New Accelerator?

    Flat6Labs is not the only player betting on Moroccan startups.
    Updates

    UGFS-VC’s $17M Series A Tech Fund Reaches First Close with Backing from ANAVA

    With over 15 years of experience and 20 funds structured, UGFS-VC manages assets totaling 240 million Tunisian dinars ($80 million).
    EASTERN AFRICA

    “No Evidence of Corruption”: Twiga Foods CEO Denies Allegations of Misconduct, But Key Questions Remain

    "The current leadership and Board have not seen any evidence of corruption or personal benefit linked to this lease."
    Updates

    Nigeria’s Sovereign Wealth Fund Takes a Tentative Step into Startup Territory

    The announcement comes just days after Launch Base Africa published a detailed report on the NSIA’s cautious relationship with Nigeria’s startup ecosystem.

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

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