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    Ecosystem News

    ‘Many Will Not Recover From This Shutdown’ — Francophone Fintechs Scramble as BCEAO Starts Issuing Licenses

    “Several Senegalese fintech companies are at risk of collapse. Many people will lose their jobs.”
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    Ecosystem News

    Ghanaian Fintech Zeepay Raises $18m Debt to Power Remittance-Led Expansion

    The newest funding round - confirmed to Launch Base Africa by Verdant IMAP, the investment firm that structured and arranged the transaction - marks a significant milestone for the fintech.
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    Ecosystem News

    Norfund Backs Nigeria’s OmniRetail in $20M Round — Its First Direct African Startup Investment

    The funding follows significant internal achievements: OmniRetail became EBITDA positive in 2023 and net profitable in 2024, a rare milestone for African B2B commerce startups.
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    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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    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.

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    Partner Content

    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.
    Partner Content

    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

    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.
    Updates

    AfricInvest Leads $22M Round for Kredete, a Fintech Tackling the Immigrant Credit Gap

    Investors are flocking to Africa's stablecoin infrastructure, with Kredete's deal marking the latest in this wave.
    People & Places

    mPharma Founder Gregory Rockson Steps Down as CEO After 11 Years

    The leadership shuffle marks a pivotal moment for one of Africa’s most prominent healthtech startups.

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

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