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    WESTERN AFRICA

    WESTERN AFRICA

    IFC Backs Nigeria’s Solar Growth with $80M Local Currency Financing for Sun King

    Nigeria's inflation rate surged to 33.88% in October, making foreign currency financing increasingly costly for businesses.
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    WESTERN AFRICA

    Ghana’s State-Backed Planned $120M Venture Capital Fund Wrestles with Foreign Interests

    Currently, over 90% of VCTF funding originates from foreign sources.
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    WESTERN AFRICA

    Nigeria Devalues Local Currency by 75% in 2025 Budget: Tech Industry on Red Alert

    The startup ecosystem, once a magnet for foreign capital, has been decimated.
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    WESTERN AFRICA

    Ghana’s $2bn Remittance Market Shaken by License Suspensions, Over 10 Fintechs Down

    In 2023, Ghana received US\$2.4 billion in personal remittances, which is estimated to account for about 6% of the country’s GDP. This makes Ghana the second largest recipient of remittances in sub-Saharan Africa, after Nigeria.
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    Revisiting the 2025 Predictions for African Tech

    Capital can return quickly. Credibility and time are far harder to earn.
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    Backed by New $23.1m, Egypt’s Valu Takes Its Distribution Playbook to EV Charging

    Still, EV penetration in Egypt remains limited.

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    From Idea to Investable: The ‘Product-First’ Playbook Behind Africa’s ‘Toughest’ Fund

    With an acceptance rate of just 0.1%, the fund is deliberately designed to filter aggressively for ideas that can survive real-world scrutiny before capital ever becomes the differentiator.
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    The Human Cost of Peak Season: Why Retail’s Busiest Period Demands a People-First Strategy

    Ashwin Rajah, Founder of the Stress to Success System and Mindset Matters, and a Partner at Change Partners, writes from Midrand, South Africa.

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    Updates

    Revisiting the 2025 Predictions for African Tech

    Capital can return quickly. Credibility and time are far harder to earn.
    Partner Content

    Backed by New $23.1m, Egypt’s Valu Takes Its Distribution Playbook to EV Charging

    Still, EV penetration in Egypt remains limited.
    Ecosystem News

    IFC Mulls $13M Equity Stake in Egyptian Grocery Leader Breadfast

    According to data from VNV Global, a key Swedish investor in the startup, Breadfast’s fair value rose by 31% in the first nine months of 2025.
    Updates

    Morocco Brings In 500 Global and Renew Capital for New $70m Venture-Building Push

    The inclusion of Renew Capital and 500 Global suggests a tactical effort to fix one of the Moroccan market’s historical weak points: insularity.

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