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    Egypt’s SWVL Reports $10.4 Million Loss in First Half of 2024 Amid Financial Restructuring

    However, SWVL has scaled back its global presence, retaining operations only in the UAE, Egypt, and Saudi Arabia after divesting its subsidiaries in other regions.
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    Updates

    Moroccan Fintech PTS Secures Investment from Local VC Firm

    Fonds Capital Venture (FCV) is a Moroccan investment fund based in Casablanca. FCV focuses on early-stage investments in high-potential local businesses.
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    Policy & Regulations Forum

    With Card Charges Gone in Tanzania, Will Fintech Players Rethink Their Revenue Strategies?

    The Bank of Tanzania (BOT), the country’s central bank, issued a directive warning merchants against levying fees on card transactions.
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    Updates

    Ivory Coast’s JOBO Interim Raises $2M to Redefine Recruitment in West Africa

    In just one year, JOBO Interim has qualified 30,000 workers, with an additional 60,000 in the pipeline.
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    Mauritius Tightens Its Grip on Africa’s Startup Cap Tables

    Funds domiciled on the island have made a string of investments this year. The money is rarely Mauritian - and that is the point.
    Updates

    Why Your Cheapest Hire Can Be the Most Costly

    Thuto Motsie CEO of Thamani, writes from Gauteng, South Africa

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    Industry

    Nine Years After Its Founding, OPay’s IPO Filing Leaves Questions Over Employee Stock Options

    A court judgment proves OPay granted share options in 2020. Its US filing never mentions them, and investors are left to guess whether that’s a gap or a non-issue.
    Industry

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

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    Updates

    Mauritius Tightens Its Grip on Africa’s Startup Cap Tables

    Funds domiciled on the island have made a string of investments this year. The money is rarely Mauritian - and that is the point.
    Updates

    Why Your Cheapest Hire Can Be the Most Costly

    Thuto Motsie CEO of Thamani, writes from Gauteng, South Africa
    Ecosystem News

    OPay Pulls $304M New York Listing After Regulatory Inquiry

    Nigerian fintech terminates underwriting agreement two days after signing, leaving its December 2027 preferred share deadline unresolved
    Updates

    Kenafric Tests the Corporate VC Playbook for African Consumer Startups with $10M Fund

    Kenafric Group, the Kenyan consumer goods manufacturer whose brands range from chewing gum to...

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