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    Ecosystem News

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.
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    CENTRAL AFRICA

    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.
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    Ecosystem News

    DOB Equity Appoints Local Talent to Replace Resigned CEOs After Failed Investments

    The challenges Karen inherits are substantial. The resignation of her predecessors and the recent financial struggles within DOB Equity’s portfolio have prompted questions about the firm’s future direction.
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    Partner Content

    $100K Up for Grabs: Timbuktoo HealthTech Hub Seeks Startups in African Healthcare

    The accelerator program is open to startups focused on a wide range of health technology areas.
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    71% of WAEMU Transaction Value Still Flows Through Cheques — Despite BCEAO’s New Instant Payment Rail

    BCEAO’s annual report reveals why getting 100m people to ditch paper is a multi-year slog.
    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.

    Sponsored Posts

    Partner Content

    Donor-Backed AI Health Tools Proliferate Across Africa, but Sustainability Remains Elusive

    Gates-funded report finds 20 deployed solutions delivering tangible results, yet most rely on short-term grants and lack independently verified cost savings
    Partner Content

    Rooibos Becomes South Africa’s Latest Export — to Space

    Rooibos seeds bound for the International Space Station in initiative linking space plant science with skills development.

    Latest articles

    Updates

    71% of WAEMU Transaction Value Still Flows Through Cheques — Despite BCEAO’s New Instant Payment Rail

    BCEAO’s annual report reveals why getting 100m people to ditch paper is a multi-year slog.
    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.
    Ecosystem News

    Africa’s First EV Battery Gigafactory Secures $114M in AfDB Funding

    The 10GWh Rabat facility—led by Chinese giant Gotion High-Tech—marks the first integrated LFP battery site in Africa and the Middle East.
    Updates

    The Promise and Peril of Lending to Egypt’s Unbanked: Inside Valu’s Growth Dilemma

    Egypt's largest consumer finance platform has built a business on financial inclusion, but a mysterious data discrepancy in its annual report raises questions about the true cost of that mission.

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