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    Ecosystem News

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    Egypt’s Regulators Double Down on Fintech, Blocking ‘Traditional’ Lenders for Another Year

    The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.

    Ivory Coast’s Anka Acquired for Undisclosed Sum Following French Parent’s Swift Liquidation

    The platform facilitated more than $60 million in transactions across 47 African countries, reaching customers in over 170 markets.

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    Meet the Fund Manager Deploying a $1bn Zafiri War Chest for Africa’s Off-Grid Energy Startups

    The Cape Town-based firm will manage Zafiri, a new blended finance vehicle from the IFC and AfDB aiming to plug the 'missing middle' equity gap for decentralised energy companies.

    Egypt’s Exclusive Digital Banking Club Opens Doors to Middle East and Africa’s Largest Bank

    Aspiring digital banks are required to have a minimum issued and paid-up capital of EGP 2 billion ($41 million).

    Moniepoint Faces Heavy Losses After Acquiring Bancom Europe to Secure UK Licence

    Filings from the Nigerian fintech unicorn disclose heavy spending on salaries and fees to pave the way for its acquisition of a regulated British payments firm.

    Egypt’s Tagaddod Raises $26.3M to Solve Biofuels’ Biggest Bottleneck

    Tagaddod has built a tech platform to manage the collection, aggregation, and tracing of waste-based feedstocks.

    Lisk Launches $15M Web3 Fund Targeting Africa and LATAM, Inks First Deals in South Africa, Rwanda

    Lisk argues that founders in these regions, often forced to bootstrap their way to significant traction, are more resilient.

    Analysis & Opinions

    Meet 30 Leading Africa-focused VC Firms Led by Female Managers

    While many are emerging managers raising their first or second funds, they collectively represent a powerful shift in the ecosystem.

    The Three Trends Defining Fintech Investment in Francophone Africa This Year

    The era of funding simple consumer solutions appears to be making way for a far more rigorous investment thesis.

    The Secret to Central Africa’s Fintech Boom? A 450,000-Strong Army of Agents

    While other regional African fintechs struggle with profitability, Central Africa's mobile money ecosystem processed 3.5 billion transactions in 2023. The backbone? Nearly half a million street-level agents converting cash into digital currency.

    PARTNER CONTENT

    How Money Fellows Hit Profitability by Digitising Egypt’s Informal ‘Gam’eya’ — and Processing $1.5B

    Money Fellows has established presence in Morocco following a partnership with Attijariwafa Bank.

    The British Remittance Fintech Powering Central Africa’s $1B Mobile Money Boom

    The rise of mobile money remittances is having a profound impact on the CEMAC region.

    With Grocery Dominance Secured, Egypt’s Breadfast Pushes for Unicorn Status In Latest Fintech Expansion

    The online grocer recently secured $10m from the European Bank for Reconstruction and Development to fuel its expansion into financial services and new cities.

    AI Fintech Optasia Eyes JSE For South Africa’s Largest Tech IPO of the Year

    The listing could raise over R6bn ($350 million) and provide a critical test for Johannesburg's ailing public tech market.

    Governance, Policy & Regulations Forum

    HyperionDev’s $31M War Chest and the Curious Case of the ‘Pro Bono’ Co-Founder

    The South African edtech startup recently won a restraint of trade case against a senior exec who claimed his new 'Co-Founder' title at a competitor was just an 'honorarium'.

    The ₦1.2M Problem: Why a Single New Rule Could Cripple Nigeria’s Fintech Agents

    Now these same companies face rules that could fundamentally break their model.

    In Francophone West Africa, Payment Cards are Run by Banks, Not Fintechs

    The COVID-19 pandemic played a catalytic role in accelerating digital payments. In 2023, digital payment transaction volumes surged by 33.78%

    What New Delaware Investor Information Rules Mean for African Startups

    Ultimately, Delaware’s new rules raise the stakes for transparency and communication.
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    Trending Now

    Egypt’s Exclusive Digital Banking Club Opens Doors to Middle East and Africa’s Largest Bank

    Aspiring digital banks are required to have a minimum issued and paid-up capital of EGP 2 billion ($41 million).

    Egypt’s Regulators Double Down on Fintech, Blocking ‘Traditional’ Lenders for Another Year

    The timing of the announcement is telling. It comes just as the champions of this new, tech-first model are demonstrating their formidable financial power.

    Ivory Coast’s Anka Acquired for Undisclosed Sum Following French Parent’s Swift Liquidation

    The platform facilitated more than $60 million in transactions across 47 African countries, reaching customers in over 170 markets.

    South Africa’s $1.5B Digital Bank TymeBank Rebrands Ahead of Dual NYSE-JSE Listing

    The digital bank has outlined plans for a dual public listing, with a primary listing on the New York Stock Exchange (NYSE).

    Nigerian VC Ingressive Capital Leads $1.1M Seed Round for Egypt’s SehaTech

    The investment will be used to expand SehaTech’s team, enhance its AI-powered platform, and scale its operations in Egypt and the wider region.