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    Leading Fintech Fawry Eyes ‘Lucrative’ Saudi Market in Expansion Drive Focused on Egypt’s Diaspora

    Back home, Fawry is navigating regulatory pathways to expand its service offerings.

    The Battle Begins: Jumia Publishes Rare Black Friday Gains as China’s Temu Threatens Key Nigerian Market

    Despite recent gains from Black Friday events, Jumia faces mounting external pressures, particularly from Temu’s arrival in key Nigerian market.

    Khulisani Ventures’ $16.5M Fund Targets High-Growth Startups in South Africa — Applications Close January 2025

    The program seeks businesses generating annual revenues of R5–R8 million, with positive cash flows and strong financial reporting.

    Ex-Naspers Foundry Chief Joins Prosus Board Following $100M Fund Shutdown

    While Mahanyele-Dabengwa’s board appointment signifies a strong leadership strategy, Naspers is also recalibrating its investment approach.
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    In Memoriam: Over 40,000 Entrepreneurs Groomed —Ecoystem Builder Hack&Pitch Loses Leader

    Under her guidance, Hack&Pitch expanded to over 100 universities and institutions across Morocco’s 12 regions, inspiring talents who could rival those of Silicon Valley. Her impact transcended borders, with initiatives extending to Senegal, Mali, Burkina Faso, and Jordan.

    The Battle for Morocco’s EV Space Is On — China’s Gotion Investing Over €128 Million

    Morocco’s proximity to major European markets and its competitive cost structure make it an attractive alternative for EV companies seeking to streamline supply chains.

    Alibaba Sets Up Operations in Morocco, Enabling Local Retailers to Expand Global Reach

    The launch of localized services is expected to significantly increase this number, providing Moroccan businesses with access to the world’s largest business-to-business (B2B) marketplace, which boasts 47 million active users globally.

    The Power Players Behind Africa’s Biggest Funding Deals in 2024

    This year, African tech companies leaned heavily on these firms to secure transformative investments.

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    In Memoriam: Over 40,000 Entrepreneurs Groomed —Ecoystem Builder Hack&Pitch Loses Leader

    Under her guidance, Hack&Pitch expanded to over 100 universities and institutions across Morocco’s 12 regions, inspiring talents who could rival those of Silicon Valley. Her impact transcended borders, with initiatives extending to Senegal, Mali, Burkina Faso, and Jordan.

    The Battle for Morocco’s EV Space Is On — China’s Gotion Investing Over €128 Million

    Morocco’s proximity to major European markets and its competitive cost structure make it an attractive alternative for EV companies seeking to streamline supply chains.

    Egyptian Fintech ValU Secures $10 Million via Debt Market in Landmark Securitization Deal

    This transaction forms part of ValU’s sixth securitization program, a broader initiative amounting to EGP 16 billion ($312 million) in total issuances.

    Egypt’s SWVL Looks Beyond 2028 in the Wake of Bankruptcy Claims

    Facing allegations of insolvency, Swvl has recently taken steps to stabilize its finances.