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    Egyptian Payments Startup enza Secures $6.75m Funding to Fuel African Expansion

    Founded by a team of seasoned professionals with extensive experience in both global and African payments sectors, enza has already demonstrated its ability to address local market complexities.
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    Cash Plus Backer Mediterrania Capital Snags $16.3M from DEG

    Geographically, the fund intends to allocate 75% of its resources to North Africa and the remaining 25% to Sub-Saharan Africa.
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    Swedfund Backs AfricInvest Small Cap Fund with $16.3M Investment 

    Africinvest Small Cap Fund has set an ambitious target of investing at least 30 percent of its portfolio in companies that are either led by women or have significant female ownership.
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    I&P Accélération FARM Launches $4.3M Fund to Target West and East African Agritech

    I&P Accélération FARM is not an isolated effort.
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    Opera Quietly Liquidates Kenyan Ad Unit Ahead of OPay’s $4B US IPO

    Opera’s fintech play in Africa extends well beyond its Kenyan operating entities.
    Ecosystem News

    “Directly Selling Insurance to Farmers Does Not Work”: Pula CEO on Avoiding Agtech’s Deadliest Trap

    From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.

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    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.
    Industry

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

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    Updates

    Opera Quietly Liquidates Kenyan Ad Unit Ahead of OPay’s $4B US IPO

    Opera’s fintech play in Africa extends well beyond its Kenyan operating entities.
    Ecosystem News

    “Directly Selling Insurance to Farmers Does Not Work”: Pula CEO on Avoiding Agtech’s Deadliest Trap

    From rural Kenya to the Earthshot shortlist: Pula CEO Thomas Njeru reveals to Launch Base Africa how the profitable agtech reached 24 million farmers and why impact and profitability are not mutually exclusive.
    Updates

    Tunisia’s State Startup Fund Looks Beyond Capital City Tech Elites

    The $60m ANAVA initiative is taking venture capital on the road to hunt for deal-flow in forgotten interior provinces.
    Ecosystem News

    SunCulture Closes $10m Securitisation Deal as African Climate Tech Turns to Capital Markets

    The transaction is designed to allow SunCulture to recycle capital that would otherwise be tied up in longer-dated customer receivables.

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