Africa's Tech Future, Today.
Financial advisory firm Bard Santner has secured a microfinance banking licence from the Reserve Bank of Zimbabwe, aiming to convert cross-border diaspora remittance inflows into long-term savings and credit products. The strategic shift seeks to capture non-resident financial flows and build formal banking relationships with Zimbabweans abroad.
AltSchool Africa CEO Adewale Yusuf is stepping down and co-founder Akintunde Sultan takes over as the edtech pivots to licensed degrees and an edX-style model.
Tactful AI, the Egyptian agentic customer-experience startup, adds former e& CEO Hatem Dowidar as an investor after 11.7x ARR growth. What the deal tells us.
Healthleap, founded by South African siblings, raised $38M from Sequoia, First Round and Hummingbird to flag hospital patients whose conditions are missed.
The Milken-Motsepe Prize in Circular Economy has named 10 semi-finalists from Kenya, Ethiopia, Tanzania, Egypt and Nigeria. A $1 million grand prize is at stake.
Five35 Ventures made 3.5x and a 38% IRR selling its Complete Farmer stake in a secondary deal. Here is what the Ghanaian agritech exit says about African VC.
Former University of Lagos students Dare Adeola and Olamide Onigbanjo built UniBeta AI to help students navigate complex academic syllabi. By leveraging artificial intelligence to process past questions and university course materials, the edtech startup offers personalized study paths for tertiary education.
EFInA data reveals that formal financial inclusion in Nigeria has reached 73 per cent, with 87.2 million adults onboarded. However, formal credit access remains constrained, reaching only 12 million adults as high borrowing costs and strict underwriting requirements persist.
Faced with high app acquisition costs and low retention rates, founder Emmanuel Obiechina pivoted away from standalone mobile apps. By launching Kure, he built a banking service operating directly within messaging platforms like WhatsApp and Telegram.
Ghana's digital services tax is now collected by banks at the point of payment. What the 20% covers, why GRA says it is not new, and what it means for startups.
The MNT-Halan IPO drew orders 43.6 times the retail tranche and 11.2 times the private tranche. Shares in Egypt's fintech start trading on the EGX on 20 October.
Nithio's investment takes the MAX Series B3 round to $29 million. The Nigerian EV financing firm says it is now profitable in its largest market, Nigeria.
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