A Global Outlook at Inequality
The poorest half of the global population owns just 2% of the global total, while the richest 10% own 76% of all wealth. According to
Pan-African digital payments company MFS Africa has announced plans to acquire U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million. This deal, which is a
Egypt-based Nice Deer, an insurance tech-enabled startup that provides ingenious health insurance solutions to the Egyptian market has raised $1 million in a DisrupTech Ventures-led pre-seed funding round.
Nice Deer
Nigeria based multi-channel retail startup, ShopEX, has raised a pre-seed funding of $400,000 from Cape Town venture capital firm, HAVAÍC.
The investment forms part of a US$635,000
Morocco-based fintech and rewards startup WafR has raised $455,000 in a round led by Launch Africa Ventures, First Circle Capital, and WeLoveBuzz, with participation from a group of angel
valU, Egypt’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform in the MENA region, has expanded its digital financial solutions to customers in the Kingdom of Saudi Arabia through a
Nigeria-based fintech startup, Indicina which uses data to solve the loan eligibility challenge for lenders has secured $3 million in Target Global-led seed round to expand into new markets in
African politics has always been characterized with pseudo promises. Adopting democracy accords the citizens of a state necessary relevance and power to hold elected officials accountable for failed promises. In
Swvl, an Egyptian bus-hailing startup has announced the suspension of its daily and city-to-city services in Kenya and Pakistan effecting from today.
SWVL Daly, City-City, and Business-Business are the three
Safaricom, East Africa’s biggest telecommunication company and operator of the M-Pesa mobile money product, and Visa, one of the world’s major card payment companies, have announced the launch
Constant Ventures, a part of the Constant Group is raising a $100 million venture capital fund to invest across a range of technology start-ups with a focus on financial inclusion,
DriveMe, a Nigeria-based technology-enabled mobility startup that provides access to verified and professional drivers; through a one-stop platform aggregating product and service providers within the mobility space across Africa has
