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    WESTERN AFRICA

    Launch Africa Investment Series: Solarbox Africa Joins the List

    Solarbox, founded in 2022 by Tijan Watt, offers an integrated solution encompassing solar energy generation, locally assembled utility electric vehicles (2–3 wheelers), and comprehensive system management software

    Fuzé Investment Series: Togolese Media Startup Makifaa Secures Funding

    Founded in in 2023 by Doris DJAGLO and Jean Pignan, Makifaa’s unique approach blends the creative talents of local photographers with cutting-edge artificial intelligence (AI) to deliver personalized media solutions within an impressive 48-hour timeframe.

    Ghanaian Agritech Startup Sommalife Raises New Funding to Expand Operations

    This investment from Wangara Green Ventures will enable Sommalife to expand its operations, reaching more farmers in rural communities...

    Heritage Bank Collapse: Nigerian Fintechs Scramble for Customer Trust, NDIC Safety Net Leaves Some Exposed

    In the wake of the Heritage Bank crisis, fintechs are grappling with the challenge of rebuilding customer trust. While those covered by the NDIC can leverage this as a selling point, others must find alternative ways to demonstrate their commitment to financial security.
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    Mobility Startup Zeelo Exits South Africa, Hands Reins to Ride-Sharing Rival LULA

    Zeelo, a US-based company that launched its South African operations in 2019, has decided to exit the market to focus on its core markets in the US, UK, and Ireland.

    Egypt’s dopay Secures $13.5M to Expand Digital Payroll Solutions for Underbanked Workers

    dopay’s expansion plans include the development of a self-financing lending model in collaboration with partner banks, which will leverage deposited funds to create a sustainable lending portfolio

    Payment License: Algerian Super-App Yassir Charges into Moroccan Fintech Arena

    Yassir’s expansion in Morocco is part of a broader continental growth strategy, supported by a successful Series B funding round that raised $150 million in 2022

    Nigerian Stocks Go Mobile: NGX Invest Opens Stock Market to Everyone

    The platform’s launch is timely, coinciding with the Central Bank of Nigeria’s (CBN) recapitalization directive, which has spurred numerous offers for subscription and rights announcements by Nigerian banks.

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    Mobility Startup Zeelo Exits South Africa, Hands Reins to Ride-Sharing Rival LULA

    Zeelo, a US-based company that launched its South African operations in 2019, has decided to exit the market to focus on its core markets in the US, UK, and Ireland.

    Egypt’s dopay Secures $13.5M to Expand Digital Payroll Solutions for Underbanked Workers

    dopay’s expansion plans include the development of a self-financing lending model in collaboration with partner banks, which will leverage deposited funds to create a sustainable lending portfolio

    New US Parole Program Offers 5-Year Visa to African Startups with $260K+ Raised

    To qualify, entrepreneur must have a significant ownership stake (at least 10%) in a U.S.-based startup that was formed within the last five years.

    Kenya’s Bio-Logical Secures $1.3M to Expand Biochar Carbon Removal

    The funding round was led by a consortium of high-net-worth individuals and investors, including CrossBoundary, Redshaw Advisors, and existing investor, the Steyn Group.