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    Nigerian Fintech Traction Acquired After Recent $6M Funding

    The acquisition of Traction will allow OmniRetail to integrate its merchant POS services into OmniPay, creating a more comprehensive platform for SMEs.

    Ghana’s Aya Data Secures $900,000 Seed Round to Scale AI Solutions

    Aya Data’s edge lies in its control of the entire process locally, which the company argues improves both efficiency and quality.

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    Health Issues Stall Continued Trial of Binance Exec Tigran Gambaryan in Nigeria

    A representative from the correctional facility admitted Gambaryan was 'very' sick and would not be produced in court.

    Singapore’s XA Network Backs African Startups in Latest Global Expansion

    Singapore-based investment network XA Network has announced its expansion into Africa with the launch...

    IFC Backs $200M Acumen Fund to Light Up Africa

    Acumen ’s Hardest-to-Reach Fund targets off-grid solar companies operating in 16 countries across Sub-Saharan Africa.

    Kenya-Based VC Firm DOB Equity Pivots Investment Strategy Under New CEO

    As DOB Equity embarks on this new chapter, the industry will be closely observing how the firm’s refocused strategy will shape its future.

    Binance Exec Denied Bail in Nigeria, Again After Nearly a Year

    Gambaryan’s lawyer argued that his client’s health was in a “perilous” state, requiring urgent surgery for a herniated disc as well as psychiatric care due to severe anxiety and depression.

    Analysis & Opinions

    Why Are Egyptian Startups Moving Headquarters Abroad, in Droves?

    This migration is not just a matter of convenience.

    For African Startups, Monthly Reports Are a Necessity for Landing Follow-on Funding

    With the capital environment becoming more competitive, 72.2% of surveyed investors confirmed that they have ramped up their reporting requirements over the last 18 months.

    A Directory of Active Investors in African Startups for Q3 2024

    In Q3 2024, African tech startups faced a significant setback, witnessing a roughly 40% decline in funding activity compared to the same period in 2023.

    PARTNER CONTENT

    Egyptian Fintech Giant Fawry Launches Standalone Insurtech Company Following 700,000 Policies

    The new product is part of Fawry’s broader strategy to build an integrated financial ecosystem, bringing a fully digital medical insurance solution to individuals and families across Egypt.

    Swvl Shifts Headquarters to Riyadh as Part of Saudi Arabia’s RHQ Program

    Swvl, known for its technology-driven transportation services, has been operational in Saudi Arabia for four years.

    Local Card Giant Verve Reaches 70 Million Issuances in Nigeria

    Verve’s cards can be used across various channels, including point-of-sale (POS) terminals, automated teller machines (ATMs), web and e-commerce platforms, agency banking networks, and mobile apps.

    Ghanaian HealthTech mPharma Doubles Down on Profitable Francophone Africa Expansion

    The renewed focus by mPharma on Francophone Africa comes on the heels of its latest fundraising round.

    Governance, Policy & Regulations Forum

    Will JPMorgan Chase’s African Regional Offices Assist African Startup Banking Needs?

    African startups have also faced varying treatment when banking with global institutions.

    Are Nigerian Startups Ready for the Government’s New Tax Regime?

    For small businesses — those blessed with less than ₦2 million ($1,197) worth of transactions per month — this sounds like a reprieve.

    New Visa for Digital Nomads in Kenya? Don’t Pack Your Bags Just Yet

    The Digital Nomad Work Permit promises remote workers from across the globe the opportunity to live and work in Kenya.

    New Visa for Digital Nomads in Kenya? Don’t Pack Your Bags Just Yet

    The Digital Nomad Work Permit promises remote workers from across the globe the opportunity to live and work in Kenya.
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    Singapore’s XA Network Backs African Startups in Latest Global Expansion

    Singapore-based investment network XA Network has announced its expansion into Africa with the launch of XA Africa, marking a significant move by the Southeast Asian investor to tap into Africa’s growing tech ecosystem. XA Network, which comprises tech alumni from global giants, is set...

    Nigerian Fintech Traction Acquired After Recent $6M Funding

    The acquisition of Traction will allow OmniRetail to integrate its merchant POS services into OmniPay, creating a more comprehensive platform for SMEs.

    Ghana’s Aya Data Secures $900,000 Seed Round to Scale AI Solutions

    Aya Data’s edge lies in its control of the entire process locally, which the company argues improves both efficiency and quality.

    Inside Octavia Carbon’s Quest to Lead Africa’s Fight Against Climate Change with $3.9M Seed Round

    The investment’s primary objective is to increase Octavia’s carbon capture capacity from its current level of 50 tonnes annually to 1,500 tonnes per year by 2025.