Madica, an Africa-focused pre-seed investment program backed by Flourish Ventures, has set aside $6 million to invest in early-stage technology startups and extend its operations by three years to support 25-30 companies.
Egyptian conglomerate Raya Holding has made its first investment through Raya Ventures, backing UK-based artificial intelligence startup Pidima as it targets early-stage technology businesses to expand across the Middle East and Africa.
UAE-based payments provider Telr has partnered with fintech company CreditPool to launch a multi-card payment service that lets online shoppers pay for a single purchase with multiple bank cards.
The South African infrastructure investment firm plans to build the facilities in Lagos and Delta State under its AFRIDATA Datacenter Platform, targeting businesses that need computing power, cloud infrastructure and data storage.
UAE-based fintech startup Ziina has secured new regulatory approvals from the Central Bank of the UAE (CBUAE), expanding its authorization to provide retail payment and international money transfer services.
Three Nigerian startups have secured a combined $150,000 after being selected for the 14th cohort of MARL’s global accelerator program, which supports early-stage technology companies.
Saudi Arabian payment technology company EdfaPay and Sudanese IT firm GoPravo launched SDPay, a joint venture focused on digital payments and financial services across Sudan.
Spiro has launched its first 100 electric motorcycles in Ghana, entering the market with a battery-swapping model and plans for local assembly that could create opportunities for Ghanaian businesses.
Aries Media Ventures Fund I targets startups at the angel, pre-seed, and seed stages, focusing on businesses operating at the intersection of media, entertainment, and commerce.
Stanbic Bank Ghana and Hong Kong-based RD Technologies are exploring a stablecoin-powered payment solution to help Ghanaian businesses settle trade payments with suppliers in Asia.
The arrangement will give Nedbank control of NCBA’s operations while allowing the Kenyan lender to continue trading under its established brand and remain listed on the Nairobi Securities Exchange after completion.
