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    Ecosystem News

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    Mistral AI Joins Global Tech Giants Flocking to Morocco

    For Mistral AI, a key European challenger to US giants like OpenAI and Google, the collaboration provides a significant foothold in a rapidly emerging market.

    Accion Ventures Closes $62M Fund to Hunt for African Fintechs Tackling a $5.7T Market Gap

    The US-based venture capital firm, rebranded from Accion Venture Lab.

    Inside dLocal’s High-Stakes Gamble on Troubled $150M AZA Finance Acquisition

    The payments giant is navigating a stalled acquisition and a risky $23.2m loan as it tries to fix a hole in its African operations left by a sharp downturn in Egypt.

    Kenyan Cap Table Startup Raise Africa Shuts Down, Citing a Better Fit with Private Equity

    Raise is shutting down after finding its product was built for the wrong audience.

    Mamo Mihretu’s Legacy: Ethiopia’s Economic Reformer Resigns, Leaving Fintech Rulebook Rewritten

    In a farewell message, Mamo stated he was leaving public service “to pursue other passions.”

    Analysis & Opinions

    ‘We See Multi-Million Dollar Transfers’: The Nigerian Savers Flocking to Blockchain ‘Banks’

    It seems that while traditional finance has struggled with financial inclusion, crypto has inadvertently found a product-market fit.

    Contrarian VCs Move In as Africa’s Seed Stage Funding Plummets 41% in 2025

    For self-styled contrarian VCs like Egypt's P1 Ventures, this seed squeeze appears to be the opportunity they've been waiting for.

    The Year-End Funding Rush: Why African VCs are Racing to Deploy Capital Before 2026

    Data from industry reports indicates a pattern of increased activity towards the latter half of the year.

    PARTNER CONTENT

    Cairo to Riyadh: The New Gold Rush for Egyptian Edtech

    The attraction for these startups goes far beyond simple market size.

    Facing a Telco Onslaught, Djamo’s Answer Is Now a Banking License and a New Model

    This onslaught of well-capitalized competitors has forced Djamo to find new territory.

    Thunder Code’s Rebrand Reveals the Hidden Cost of Over-Technical Startup Names

    The change comes just three months after the company announced a $9m seed round.

    Visa Targets Congo’s $3.3bn Remittance Market with New Mobile Payments App

    This flow of capital is a critical economic lifeline, often outpacing institutional humanitarian aid.

    Governance, Policy & Regulations Forum

    Senegal Scrambles to Finalize New Mobile Money Taxes as BCEAO’s Instant Payment System Nears

    On Monday, September 15, Senegal’s National Assembly will begin debating a bill to introduce a new tax on mobile money transactions.

    Egypt’s Central Bank to Fintechs: Time to Grow Up and Get a Board

    The days of running a multi-million EGP operation from a Slack channel are officially numbered.

    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%

    Collateral Damage: Ghana’s Latest Remittance Ban Puts Fintech Partnership Model on Notice

    The Bank of Ghana has a flair for public discipline, and its latest targets are some of the biggest names in African remittances, sending a stark warning to the entire ecosystem: choose your partners wisely.
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    Trending Now

    Accion Ventures Closes $62M Fund to Hunt for African Fintechs Tackling a $5.7T Market Gap

    The US-based venture capital firm, rebranded from Accion Venture Lab.

    Tunisian State Fund Invests $4M in Its Ex-Investment Officer’s New VC

    The fund is targeting a final close of $100m, having secured a first close of $30m from the QIA.

    Cairo to Riyadh: The New Gold Rush for Egyptian Edtech

    The attraction for these startups goes far beyond simple market size.

    Uber and Bolt Are Now Public Transport in South Africa. Here’s What Changes

    Under the amended act, ride-hailing companies face strict new compliance measures.