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    Digital Onslaught in Morocco: Govt Hacked, 30K+ Bank Cards Leaked in Escalating Cyberwar

    Morocco is facing an escalating wave of cyberattacks.
    Read more
    Ecosystem News

    South African Fintech Startup Stitch Raises $55M in New Funding Round

    The funding follows Stitch’s recent expansion efforts, including the acquisition of payment provider Exipay earlier this year.
    Read more
    Analysis & Opinions

    Solar Bonds or Equity Stakes? European Retail Investors Pour Millions into African Cleantech Startups, Lured by Tax-Free Gains

    Amid the rise of elusive institutional funds targeting African cleantech, startups in the cleantech and climatetech sectors have found a reliable destination in their search for hard-to-come-by funding.
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    Updates

    Kenyan Fintech Umba Secures $5 Million in Debt Financing to Scale in Africa 

    The company previously raised $15.5 million in a Series A round in 2022, backed by investors including Monzo founder Tom Blomfield and Brazilian neobank Nubank.
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    Middle East Conflict Forces Egypt’s Financial Sector into Remote Work as Petroleum Bill Hits $2.5bn

    Here is a breakdown of the policy, the economic conditions driving it, and how it will affect businesses on the ground.
    Updates

    Egypt Salvages Startup Accelerator After USAID Collapse

    ITIDA stepped in to fund a programme that lost its US development finance backing, as 61 startups from Upper Egypt collectively attracted EGP 200 million in investment

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    Egypt’s Telda Abandons the Unbanked to Chase Egypt’s Consumer Credit Boom

    Startup backed by Sequoia Capital abandons original focus on the unbanked to build a vertically integrated financial group.
    Partner Content

    Moniepoint Rides Wave of Nigerian Fintech Consolidation as Venture Funding Retreats

    While Orda currently operates in Nigeria and Kenya, this acquisition only covers its Nigerian operations, leaving the future of its Kenyan arm undecided.

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    Updates

    Middle East Conflict Forces Egypt’s Financial Sector into Remote Work as Petroleum Bill Hits $2.5bn

    Here is a breakdown of the policy, the economic conditions driving it, and how it will affect businesses on the ground.
    Updates

    Egypt Salvages Startup Accelerator After USAID Collapse

    ITIDA stepped in to fund a programme that lost its US development finance backing, as 61 startups from Upper Egypt collectively attracted EGP 200 million in investment
    Ecosystem News

    Breega Nets $8.5m From AfDB as Development Bank Ramps Up VC Appetite

    Both recent AfDB commitments were structured as first-loss tranches via the European Commission’s Boost Africa programme—a blended finance move designed to shield private capital from initial losses.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

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

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