Metro Africa Xpress (MAX), a Nigeria-based electric vehicle startup backed by a private-equity firm, Lightrock LLP will be embarking on an aggressive expansion into about eight African countries by next
Bizao, an African fintech firm that facilitates payments for both domestic and international businesses operating in Africa, has raised $8.1 million in series A funding to expand its offering
The Nigerian Startup Bill was passed on the floor of the Nigerian Senate on Wednesday, July 20, 2022. The senators passed the bill following consideration of a report from the
Arab Financial Services (AFS), a leading digital payment solutions provider and fintech enabler in the MENA region, has announced plans to expand its payments footprint in Egypt by opening a
FMO, the Dutch entrepreneurial development bank, and Algebra Ventures, Egypt’s venture capital firm, have signed a $10 million commitment for the fund manager’s second fund in the presence
Telda, an Egyptian fintech startup, has officially received the final approval from The Central Bank of Egypt (CBE) to start operating its card and application in the Egyptian market in
Averroes Ventures, an Egyptian early-stage VC firm backed by the Mohamed El-Sewedy, has acquired sportswear startup, Magma for an undisclosed sum.
Averroes Ventures’ acquisition of Magma, one of Egypt’s
Cassava Technologies, Africa’s first integrated technology company on a continental scale, announced today that it has secured a $50 million investment from C5 Capital, a specialist venture capital firm
Netflix, the world’s leading streaming service, has announced that it will begin testing a new “add a home” feature in selected countries that will charge users who share their
Snapchat, a multimedia instant messaging app, announced the release of Snapchat for Web today, allowing users to send snaps and chat with friends via video calls from their desktops. This
Instagram, one of the social networking sites owned by Meta, has today announced through its, CEO, Mark Zuckerberg that the company is launching a new “payments in chat” feature on
Stllr Network, the largest network of vetted freelancers and teams in MENA, has secured a six-figure investment round following a public beta launch from 500 Global angel investors through Women
