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UK Invests $7M in Mopo to Expand DRC Operations

Furthermore, the UK is contributing £8.5 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA).

January 27, 2025

Updates

Egypt’s Fincart.io Secures Pre-Seed Funding to Redefine E-Commerce Logistics

Plus VC, a prominent venture capital firm in the Middle East and North Africa (MENA), led the round, with participation from leading regional and global investors, including Plug and Play, Orbit Startups, Jedar Capital, and other strategic partners.

January 27, 2025

Updates

Standard Chartered’s VC Unit Pours $7M into Furaha, an Education-Focused Lending Fintech

Furaha’s platform integrates Yabx’s advanced AI capabilities and alternative lending technologies to develop robust credit scoring systems using diverse data sets.

January 27, 2025

Updates

FinTech Startup Accrue Secures $1.58M to Bolster Cross-Border Payments in Africa

Accrue’s agent network model mirrors the approach of established mobile money platforms like MPesa and Moniepoint, which have played a transformative role in financial inclusion across Africa.

January 24, 2025

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Nigeria’s Digital Natives Are in Financial Distress. Tech Firms Should Be Worried.

For the better part of a decade, Nigeria’s consumer technology sector has operated on a reassuringly straightforward demographic premise.

March 26, 2026

Ecosystem News

FirstRand Doubles Down on AI Lender Optasia as SA Banks Hunt for Fintech Exits

This acquisition builds upon FirstRand’s initial strategic investment in October 2025, when the bank took a 20.1% stake in the fintech.

March 26, 2026

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.

March 23, 2026

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