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    Battered by Funding Crisis, Egyptian Startups Plot Comeback

    The resilience of local founders and a gradual return of investor interest in Africa could pave the way for recovery.

    Ethiopia’s Parliament Greenlights Foreign Bank Entry

    The combined ownership by all foreign investors and foreign-owned Ethiopian entities cannot exceed 49% of a single bank’s total subscribed shares.

    Tunisia’s Konnect Networks Raises $1.5M to Simplify Online Transactions for Businesses

    Through partnerships with organizations like VISA, Konnect is working to extend secure payment services to previously excluded segments of the population.

    Juicyway Secures $3M Pre-Seed to Transform Cross-Border Payments in Africa

    Licensed in Nigeria, Canada, the USA, and the UK, Juicyway has processed $1.3 billion across 25,000 transactions, and 4,000 customers
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    Alibaba Sets Up Operations in Morocco, Enabling Local Retailers to Expand Global Reach

    The launch of localized services is expected to significantly increase this number, providing Moroccan businesses with access to the world’s largest business-to-business (B2B) marketplace, which boasts 47 million active users globally.

    Correctly Predicted: The African Startup Ecosystem in 2024 as It Unraveled

    Beyond funding and closures, African startups faced a slew of challenges in 2024.

    Egypt’s First SPAC Acquisition Targets Recently Funded Digital Lending Platform Qardy

    Catalyst Partners became Egypt’s first SPAC after receiving approval from the Financial Regulatory Authority (FRA) in September.

    Algebra Ventures’ Founder Transitions to Fintech, Secures Digital Lending License for Oliv Finance Amid Regulatory Freeze

    Mokhtar, who played a key role in the establishment of Algebra Ventures, has now transitioned into the fintech sector with the goal of revolutionizing SME financing.

    Latest articles

    Alibaba Sets Up Operations in Morocco, Enabling Local Retailers to Expand Global Reach

    The launch of localized services is expected to significantly increase this number, providing Moroccan businesses with access to the world’s largest business-to-business (B2B) marketplace, which boasts 47 million active users globally.

    Correctly Predicted: The African Startup Ecosystem in 2024 as It Unraveled

    Beyond funding and closures, African startups faced a slew of challenges in 2024.

    Morocco’s Talaty Gains Strategic Investment to Expand AI-Powered Credit Solutions

    With SMBs comprising a significant portion of the economy in Morocco and Francophone Africa, access to credit remains a critical bottleneck for growth.

    Smollan Acquires South Africa’s Yebo Fresh to Drive Growth in Township Communities 

    “We’re on a mission to make it easier for local retailers to stock up on what they need, grow their businesses, and uplift their communities."