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    Saudi Real Estate Leader Ayen Acquires Egyptian ConTech Elmawkaa to Strengthen MENA PropTech

    For Elmawkaa, the acquisition marks a significant success for its founders and early investors, who include entities such as Flat6Labs, TIEC, 500 Global, and Taqadam.

    Kenya’s Kotani Pay Makes Regional Push with $2M Boost, Enters Rwanda and Uganda for Digital Finance Growth

    As the first blockchain fintech company in South Africa to receive the Crypto Asset Service Provider (CASP) license from South Africa’s Financial Sector Conduct Authority (FSCA), Kotani Pay has also positioned itself as a trusted bridge between fiat and digital currencies.

    Estonian Tech Event Offers $1.2 Million Boost to African Startups: Applications Open

    “Since winning the competition, we have hit 200,000 registered users in Kenya and are now expanding our solution into Rwanda,” shared Samuel Njuguna, CEO and co-founder of Chumz.io.

    Deloitte Taps Egyptian Tech Talent with $30M Hub

    It aims to employ and develop thousands of Egyptian specialists, with a target to increase its current workforce of 350 to 5,000 in the coming years.
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    Africa-focused VC Firm Raba Partnership Raises $59.6M for Second Fund

    Raba’s geographic focus remains on the African continent, with a particular emphasis on high-growth hubs in Nigeria, South Africa, Egypt, and Kenya.

    develoPPP Ventures Pours New Funding into Five Ghanaian Startups, Eyes Côte d’Ivoire Expansion

    This marks the fourth develoPPP Ventures cohort in Ghana, reflecting BMZ’s ongoing commitment to fostering local innovation and sustainable economic growth in emerging markets.

    Aza Finance Targets Nigerian Payment Giants Flutterwave, Paystack with New PSSP License

    Founded in 2013 as BitPesa, Aza Finance has steadily expanded its reach across Africa and beyond, providing foreign exchange, payments, and treasury services to companies operating in emerging markets.

    InstaDeep’s Compute Power Surges 10x with Launch of New Supercomputer

    Karim Beguii and Zohra Slim founded Instadeep in 2014. The company was recently acquired by BioNTech in a $680M+ deal. Image credit: Instadeep

    Latest articles

    Africa-focused VC Firm Raba Partnership Raises $59.6M for Second Fund

    Raba’s geographic focus remains on the African continent, with a particular emphasis on high-growth hubs in Nigeria, South Africa, Egypt, and Kenya.

    develoPPP Ventures Pours New Funding into Five Ghanaian Startups, Eyes Côte d’Ivoire Expansion

    This marks the fourth develoPPP Ventures cohort in Ghana, reflecting BMZ’s ongoing commitment to fostering local innovation and sustainable economic growth in emerging markets.

    Local Startups Brace for Fallout as Algeria Blocks Banking Transactions with France in Diplomatic Row

    For Algerian startups, the diplomatic clash with France could not have come at a more critical time.

    MultiChoice’s Fintech Arm ‘Moment’ Reaches $80M Valuation Following Recent $22M Funding Round

    Founded in 2023, Moment is a joint venture between MultiChoice, payments platform Rapyd, and venture capital firm General Catalyst.