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    EASTERN AFRICA

    “No Evidence of Corruption”: Twiga Foods CEO Denies Allegations of Misconduct, But Key Questions Remain

    "The current leadership and Board have not seen any evidence of corruption or personal benefit linked to this lease."
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    Nigeria’s Sovereign Wealth Fund Takes a Tentative Step into Startup Territory

    The announcement comes just days after Launch Base Africa published a detailed report on the NSIA’s cautious relationship with Nigeria’s startup ecosystem.
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    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week:
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    Egyptian Fintech Firm MSS Holding Raises $21 Million from European Development Bank

    The EBRD has categorized the investment as a low-risk.
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    Kenya’s Apollo Agriculture Rides Securitisation Wave with $2.1M Local-Currency Deal

    The core infrastructure enabling the transaction was provided by Kaleidofin through its “ki” platform.
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    The Quiet Exit: Mobilemart Sells to Lesaka in $2.5m All-Cash Deal

    The Nasdaq-listed South African fintech has quietly added another small enterprise-focused company to its portfolio, paying cash for a fintech business as it continues to widen its offering for large-scale clients.

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    78% Below Cost: The Unforgiving Math Behind Digital Health Startup Vezeeta’s Pivot to Bricks and Mortar

    The deal is the most tangible sign yet that Egypt’s best known digital health platform is pivoting towards a hybrid model at a time when the purely online playbook is struggling
    Partner Content

    Profit, Pivot, and Panic: Swvl Faces Nasdaq Delisting Threat Despite $1.3m Turnaround

    Mobility technology company reports first annual profit since going public, but auditors raise going concern doubt and Nasdaq listing remains under threat

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    Kenya’s Apollo Agriculture Rides Securitisation Wave with $2.1M Local-Currency Deal

    The core infrastructure enabling the transaction was provided by Kaleidofin through its “ki” platform.
    Updates

    The Quiet Exit: Mobilemart Sells to Lesaka in $2.5m All-Cash Deal

    The Nasdaq-listed South African fintech has quietly added another small enterprise-focused company to its portfolio, paying cash for a fintech business as it continues to widen its offering for large-scale clients.
    Updates

    EFG Hermes Tests ‘Skunkworks’ Playbook Again as Education Platform Files for EGX Listing

    The Egyptian investment bank is carving out a reputation as the region's most prolific corporate incubator, following last year's blockbuster valU IPO with a listing request for its K‑12 education platform - but a jittery market will test investor appetite.
    Ecosystem News

    SA’s Yoco Hands CEO Role to German Turnaround Specialist as Founders Step Back

    “Exploring a potential IPO would be a two-step process."

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

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