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    South African Logistics Startup Pargo Enters Egypt Following $4M Fundraising

    Pargo’s entry into Egypt also introduced a “Cash on Collection” option to cater to the country’s predominantly cash-based economy.
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    WESTERN AFRICA

    Nigerian Banks Turn to India for Core Banking Software

    The moves by GTBank and Zenith Bank are emblematic of a wider shift within the Nigerian financial services industry.
    Read more
    Partner Content

    Why Is India’s Zoho Pouring $35M into Egyptian Fintech Giant Fawry?

    “Egypt’s vibrant market, with its rich talent pool and innovative business ideas, offers tremendous potential for companies like ours,” said Haidar Nizam, Zoho’s President for the Middle East and Africa.
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    Updates

    Algebra Ventures Backs Efreshli in Push to Digitize Egypt’s Home Furnishing Industry

    With ticket sizes ranging between $500,000 and $3 million, Algebra Ventures focuses on fostering the growth of startups at various stages of development.
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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

    Beltone Clocks 75% IRR as it Exits Egyptian Logistics Play Bosta

    This transaction represents BVC’s fifth successful exit since it began operations in 2023 and the second for its joint vehicle with Citadel.

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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

    Beltone Clocks 75% IRR as it Exits Egyptian Logistics Play Bosta

    This transaction represents BVC’s fifth successful exit since it began operations in 2023 and the second for its joint vehicle with Citadel.
    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.

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