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    Egypt’s SYMPL Records Strong Profit Surge, Eyes African Expansion

    SYMPL now operates in more than 2,000 points of sale across Egypt, with over 800 merchants contracted to use its platform. The company’s active customer base has swelled to more than 85,000, out of a total of 240,000 registered users since its inception.
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    Policy & Regulations Forum

    Identity Theft on Wheels: How Bolt’s $120K Lesson in Ghana Could Change the Ride-Hailing Game in Africa

    The audit will comb through Bolt’s systems up until March 2024, with the possibility of expansion to other ride-hailing apps operating in the country.
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    Industry

    Algeria: Applications Now Open for ASEP 2024 Second Cohort of International Startup Visits

    The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs.
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    Ecosystem News

    Safaricom’s Latest $813M Health-Tech Investment Sparks Concerns for Kenyan Startups

    As Safaricom prepares to roll out the IHTS, Kenyan health-tech startups are grappling with the potential impact.
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    Complete Farmer Nears $12m Equity Haul as World Bank’s IFC and BIFT Back Ghanaian Agritech

    The capital injection aims to address persistent supply chain fragmentation and credit bottlenecks that restrict smallholder crop yields across West Africa.
    Updates

    Prince William’s Climate Hunt: African Insurtech Pula Named a £1m Earthshot Finalist

    Nairobi-based insurtech reaches 24 million farmers with parametric cover as it targets 100 million by 2030

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    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.
    Industry

    Four Startups, One Lead Investor: Inside Atlantica’s African AI Infrastructure Thesis

    A Lagos-based venture firm has backed four AI-native infrastructure start-ups in 18 months.

    Latest articles

    Updates

    Complete Farmer Nears $12m Equity Haul as World Bank’s IFC and BIFT Back Ghanaian Agritech

    The capital injection aims to address persistent supply chain fragmentation and credit bottlenecks that restrict smallholder crop yields across West Africa.
    Updates

    Prince William’s Climate Hunt: African Insurtech Pula Named a £1m Earthshot Finalist

    Nairobi-based insurtech reaches 24 million farmers with parametric cover as it targets 100 million by 2030
    Ecosystem News

    From Grants to Fund-of-Funds: Morocco’s Startup Finance Playbook Enters Phase Two

    World Bank gives first-stage programme top marks as new catalytic vehicle targets 2.5bn dirhams for digital ventures - but exit routes remain the missing piece
    Policy & Regulations Forum

    Open Rails, Closed Doors: West Africa’s Central Bank Is Entrenching Bank Monopolies

    The central bank’s open-banking framework was designed to level the playing field, but initial rollouts have concentrated rail control among legacy institutions—forcing agile startups to rent the very infrastructure meant to liberate them.

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