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    WESTERN AFRICA

    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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    WESTERN AFRICA

    Beacon Power Services Raises $29.8M Series A Funding, Backed by Partech

    The new funding will enable BPS to expand its operations beyond Nigeria and Ghana into additional markets across Eastern and Southern Africa.
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    Priced Out of London: Why Nigeria’s Fintechs Are Abandoning UK Remittances

    A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
    Ecosystem News

    Ventures Platform Secures $84M for Second African Tech Fund in Test of Institutional Appetite

    Oversubscribed final close above $75m target highlights early-stage resilience as international investors weigh macroeconomic volatility against long-term demographic bets.

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    Industry

    Five35 Widens Female-Focused Bets as African Funding for Female Founders Dries Up

    Five35's portfolio sits largely outside fintech, the sector with the weakest gender balance among Africa's largest technology verticals.
    Industry

    From Matchmaker to Fund Manager: Why Exits MENA Is Buying Its Way Into Direct Investment

    The Cairo-based advisory platform is taking control of a bank-backed private equity vehicle, a move that blurs the line between deal broker and principal investor.

    Latest articles

    Updates

    Priced Out of London: Why Nigeria’s Fintechs Are Abandoning UK Remittances

    A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
    Ecosystem News

    Ventures Platform Secures $84M for Second African Tech Fund in Test of Institutional Appetite

    Oversubscribed final close above $75m target highlights early-stage resilience as international investors weigh macroeconomic volatility against long-term demographic bets.
    Updates

    38% on Boards, 8% in the C-Suite: South Africa’s Illusion of Executive Gender Equality

    Dr Shahiem Patel, Dean at Regent Business School, writes from Durban, South Africa
    Updates

    South Africa’s Edge Growth Hits $22M First Close for Scaleup Debt Fund

    The rise of private credit across the continent has been impossible to ignore.

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