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    Egypt’s Widebot Gains Momentum with Saudi-Backed $3M Funding Round

    The investment in Widebot reflects a broader trend in Saudi Arabia, as the Kingdom actively seeks to diversify its economy away from hydrocarbons under its Vision 2030 plan.
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    Updates

    Finnfund Returns with $2M Follow-on Funding for SA Fibre Firm Fibertime

    Fibertime, through its subsidiaries fibertime™ and VulaCoin, offers a solution that tackles both affordability and accessibility.
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    Updates

    Investor Confidence Blooms as Khula Secures $6.7mn Series A for African Farm Platform

    E Squared Investments, an existing investor, has taken the lead in this round, marking its transition to Khula’s first institutional backer.
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    Industry

    Diversification Pays Off: Egyptian Fintech Fawry Sees Profit Surge by 124%, Driven by New Ventures

    Revenues for the year jumped 68.4% year-on-year to $108.8 million (EGP 5.5bn), but it is the surge in profitability that has truly caught the eye.
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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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