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    WESTERN AFRICA

    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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    WESTERN AFRICA

    Leadership Overhaul at Leatherback: Investors Take the Helm After CEO Departure

    Zedcrest Group, through its venture arm, Zedcrest Capital, which led the $10 million pre-seed round two years ago, retains a minority interest but exercises strategic oversight.
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    Ecosystem News

    Backed by Africa’s Leading ClimateTech Investors, Nigerian IoT Startup Shyft Power Merges with UK Rival

    Shyft Power Solutions has made a unique mark as a female-founded and led African tech company, a rarity in the region’s venture capital ecosystem
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    Programmable Naira: The Stablecoin Project Drawing Top Global Crypto Players to Nigeria

    Nigeria is quickly becoming the epicenter of Africa's stablecoin revolution.
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    Tunisian State Fund Invests $4M in Its Ex-Investment Officer’s New VC

    The fund is targeting a final close of $100m, having secured a first close of $30m from the QIA.

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    Facing a Telco Onslaught, Djamo’s Answer Is Now a Banking License and a New Model

    This onslaught of well-capitalized competitors has forced Djamo to find new territory.
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    Thunder Code’s Rebrand Reveals the Hidden Cost of Over-Technical Startup Names

    The change comes just three months after the company announced a $9m seed round.

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    Updates

    Programmable Naira: The Stablecoin Project Drawing Top Global Crypto Players to Nigeria

    Nigeria is quickly becoming the epicenter of Africa's stablecoin revolution.
    Updates

    Tunisian State Fund Invests $4M in Its Ex-Investment Officer’s New VC

    The fund is targeting a final close of $100m, having secured a first close of $30m from the QIA.
    Partner Content

    Cairo to Riyadh: The New Gold Rush for Egyptian Edtech

    The attraction for these startups goes far beyond simple market size.
    Ecosystem News

    Circle Backs $20m African Blockchain Fund as Stablecoin ‘Utility Wave’ Grows

    Capital is flowing to African blockchain companies solving long-standing problems of currency volatility, cross-border payment friction, and financial exclusion.

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