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dLocal Sees 80% Revenue Loss in Nigeria – Egypt’s Boom Keeps Africa Profitable

Nigeria, hitherto Africa’s largest economy, painted a grim picture for dLocal. Revenues fell to $2.1 million in Q3 2024, a mere 1% of total company revenues, down from $55 million during the first nine months of 2023.

November 15, 2024

Policy & Regulations Forum

Kenya Struggles to Deliver on Key Digital Nomad Visa

Kenya’s announcement of a Digital Nomad Work Permit in October 2024 garnered widespread attention...

November 15, 2024

WESTERN AFRICA

Ghana’s $2bn Remittance Market Shaken by License Suspensions, Over 10 Fintechs Down

In 2023, Ghana received US\$2.4 billion in personal remittances, which is estimated to account for about 6% of the country’s GDP. This makes Ghana the second largest recipient of remittances in sub-Saharan Africa, after Nigeria.

November 13, 2024

Partner Content

Meet the Six Startups Selected for Google’s 2024 Black Founders Accelerator Programme in Africa

Google states that past beneficiaries from the Black Founders Accelerator and Black Founders Fund, spanning Africa, Europe, Brazil, and the United States, have collectively received over $30 million in funding to expand their businesses.

November 13, 2024

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Cape Town’s Havaíc Hits $30m Milestone for Third Fund as Institutional Interest Hardens

The latest capital injection comes from E Squared Investments

February 16, 2026

Updates

DPI Targets $1bn for Fourth Africa Fund as Proparco Chips in $42m

Rather than spreading bets thin, the fund plans to build a concentrated portfolio of roughly one dozen companies across North and Sub-Saharan Africa.

February 16, 2026

Riding Morocco’s Fintech Wave, AfricInvest Moves to Acquire Vantage Payment Systems

A new heavy hitter is entering the Moroccan fintech landscape, in what feels like the next chapter after local fintech Cash Plus went on a highly successful IPO last year.

February 11, 2026

Partner Content