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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.
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    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...
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    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.
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    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.
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    Africa’s Payment Plumbing Gets a $2 Million Boost from France’s DFI

    The $2 million ticket into the Guinean fintech is modest, but it signals growing development-finance appetite for the unglamorous plumbing that connects global money-senders to mobile wallets and cash agents on the continent
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

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    Partner Content

    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

    Latest articles

    Updates

    Africa’s Payment Plumbing Gets a $2 Million Boost from France’s DFI

    The $2 million ticket into the Guinean fintech is modest, but it signals growing development-finance appetite for the unglamorous plumbing that connects global money-senders to mobile wallets and cash agents on the continent
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    Updates

    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.

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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