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    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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    Updates

    The Latest Funding Deadlines for African Startups

    Time is running out.
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    Policy & Regulations Forum

    A Band-Aid for Broken Infrastructure: Uganda’s Tax Holiday for Startups

    With 78% of its population under 35 and youth unemployment persistently high, necessity has become the mother of startups.
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    Ecosystem News

    Local Startups Look Abroad as Nigeria’s $3 Billion Wealth Fund Plays It Safe

    Amid global geopolitical pressures, Nigerian startups may require a more supportive government.
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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.

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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."

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