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Crypto Activities In Lebanon; The Finance Safe-Spot

Crypto Activities In Lebanon; The Finance Safe-Spot

The current state of cryptocurrency regulations in Lebanon The economic crisis in Lebanon has caused citizens to look for alternative ways to store their wealth and protect their savings. This has led to an increase in the use of cryptocurrencies, despite warnings from the Banque du Liban (BDL), Lebanon’s

Vantage Capital Moves to Support Startup Growth after Second Close of Fourth Mezzanine Fund

Vantage Capital Moves to Support Startup Growth after Second Close of Fourth Mezzanine Fund

The fourth mezzanine fund’s ultimate close was announced by Vantage Capital, the largest mezzanine fund manager in Africa. A total of $377 million has been committed from a variety of commercial investors with bases in Europe and the United States as well as a number of development finance institutions

Finance for Entrepreneurs: A Story of One of SA’s Oldest Fintech Credit Startup, DirectAzis

Finance for Entrepreneurs: A Story of One of SA’s Oldest Fintech Credit Startup, DirectAzis

Financial inclusion has always been difficult in South Africa. As of 2022, 31% of the population still lacked access to financial services like bank accounts or loans. Because of the stringent lending requirements, many small and medium-sized firms and retail clients cannot access regular bank credit. Because of this, about

Dotting the 'I's and Crossing the 'T's for a Successful Implementation of the Cashless Policy in Nigeria

Cashless Policy

Dotting the 'I's and Crossing the 'T's for a Successful Implementation of the Cashless Policy in Nigeria

The recent scarcity of the naira across Nigeria as a result of the CBN directive to phase out old notes of the #1,000, #500, and #200 denominations has increased the country’s alternative payment options to an all-time high, a win for the CBN cashless policy. As we recently

Overview Of Israel Health-Tech Ecosystem

Overview Of Israel Health-Tech Ecosystem

Israel is well known for its highly effective and renowned healthcare system. With about 1600 innovative companies, technology and a wide range of governmental programs, Israel has become a pioneer in the health sector worldwide. Over the last 25 years, the country has managed to create a healthcare system that

MNT-Halan Joins Africa’s Unicorn Gang With $400M Funding.

MNT-Halan Joins Africa’s Unicorn Gang With $400M Funding.

MNT-Halan/Cairo: Over the years, the African ecosystem has exponentially grown with proof. Startup numbers across the continent are currently more than 8,000 and the likelihood of many more coming into the field is inevitable. While some of these startups are still struggling with user traction, bootstrapping or team

Lulalend Secures Series B Round to Meet Lending Demands

Lulalend Secures Series B Round to Meet Lending Demands

Lulalend, a digital lender based in South Africa, has announced that it has raised a $35 million (about R600 million) Series B investment, which was headed by Lightrock and included DEG, Triodos Investment Management, and Women’s World Banking Asset Management as investors. Participating investors already in the market included

Lagos ARM Labs Techstars Accelerator Program Selects 12 African Startups for its Inaugural Batch

Lagos ARM Labs Techstars Accelerator Program Selects 12 African Startups for its Inaugural Batch

The African and Nigerian tech ecosystems are set to benefit greatly from the ARM Labs Lagos Techstars Accelerator Program. In partnership with Techstars and Lagos-based innovation ARM Labs, this program is focused on building early-stage African fintech and proptech startups. The program selected its inaugural class of 12 startups, comprising

Jaqqui Posthumus Discusses How Digitail is Redesigning the Pet Care Industry

Jaqqui Posthumus Discusses How Digitail is Redesigning the Pet Care Industry

Every minute of every day, technology exceeds human expectations. With creative minds at work, it wasn’t long before animals began to enjoy the advantages of technology. Recently, there has been a meteoric rise in the pet healthcare sector. Pet care businesses are growing quickly thanks to the rapid acceptance

Quick Dive Into Bahrain Policy For Startup Convenience.

Quick Dive Into Bahrain Policy For Startup Convenience.

Bahrain: Policies are important to every aspect of any organization. They provide a guideline for operations and check the activities of the company. Policies are also a great way for prospective founders and investors to explore the system and collate data for future investments. Government policies play a significant role

Nambu Looks to Close Feedstock Gap after Seed Fund close

Nambu Looks to Close Feedstock Gap after Seed Fund close

Nambu Group, a South African Agritech business, has received seed funding from E Squared Investments for its technology, which uses the larvae of the Black Soldier Fly (Hermetia Illucens) to make high-nutrition animal feed. By providing food and organic waste to the Black Soldier Fly larvae, who then proliferate to

Enabling the Merchant

Enabling the Merchant

Some 20 years ago, businesses had to adopted inefficient payment methods that were thought to be efficient. Typically, the procedure include entering card data into merchant platforms, or accepting payment personally or by mail. Businesses have had to regularly deal with ineffective payment methods, merchant tools, and internal corporate software

UAE Metaverse Strategy; Dubai's IFC Launches Metaverse Platform To Generate $4 billion In GDP

UAE Metaverse Strategy; Dubai's IFC Launches Metaverse Platform To Generate $4 billion In GDP

Metaverse: At the opening of the year 2023, The United Arab Emirates (UAE, Dubai) revealed its intention to make the nation one of the top 10 metaverse economies in the world. This plan was tagged as the Metaverse Strategy, which is aimed at attracting over 1,000 companies and startups

Network Connectivity: What to Expect as Starlink Goes Live for the First Time in Africa

Network Connectivity: What to Expect as Starlink Goes Live for the First Time in Africa

Starlink, owned by the American billion and Twitter CEO, Elon Musk is an internet satellite service supplied by SpaceX that intends to give high-speed, low-latency internet access to people all over the world, particularly in remote areas where conventional infrastructure is lacking. The network is made up of thousands of

Network International Looks to Invest Over $29M in South Africa’s Startup Ecosystem

Network International Looks to Invest Over $29M in South Africa’s Startup Ecosystem

The MEA-focused digital payments company Network International has confirmed its interest in the South African market with a $29M (R500 million) investment to implement its processing capabilities, following up on its R3.5 billion acquisition of Payfast. The company declared that starting in June 2023, it will host and run

Why We Need More Fintech Solutions in Nigeria

cashless economy

Why We Need More Fintech Solutions in Nigeria

Since tech startups took the center stage in Africa in the last decade, fintech startups have effortlessly exacted their dominance with superior performance year after year. In 2022 for instance, African fintech startups received a whopping $1.6 billion across 240 announced equity fundraises from the total $4.84 billion

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition

LEAP Tech Conference Hunts For 90 Startups To Pitch In $1.5m Prize Pool Competition. …….. One of the biggest tech events, competitions and conferences in the world, LEAP, has scheduled its next edition for one of its major competitions for the 6th -9th of February 2023. This year’s competition

Digital Inclusion: Google Launches First Accelerator for African Women Startup Founders

Digital Inclusion: Google Launches First Accelerator for African Women Startup Founders

Google has taken a crucial step toward empowering African women entrepreneurs through the launch of its first Google for Startups Accelerator: Women Founders Africa Program. The three-month accelerator program is designed to solve the particular problems that African women founders encounter, as well as to give them the resources and

Agritech Activities; Combating Food Insecurity In UAE

Agritech Activities; Combating Food Insecurity In UAE

Agritech Activities; Combating Food Insecurity In UAE Over the years the United Arab Emirates (UAE) as a nation have scaled in a different facet of its community. Its security, infrastructure and technology innovations are one of the best in the world. Yet, it is pulling baby steps in its agricultural

All the Fuss in Convergence Partners’ $296M Raise

All the Fuss in Convergence Partners’ $296M Raise

For the Africa’s vibrant and expanding private firms, private equity has proven effective in bridging the gap between self-financing and traditional capital market activity. Private equity has profited from advances in African investment environments and experienced some remarkable triumphs, garnering recognition as an efficient and cutting-edge vehicle for private-sector

A Closer Look at VCs’ Activities in Ghanaian Tech Startup Space in the Last 5 Years

A Closer Look at VCs’ Activities in Ghanaian Tech Startup Space in the Last 5 Years

Western African tech startups have continued to dominate the African tech startup funding landscape year after year. According to Big Deal data, regional startups raised more than $6 billion of the total funding raised by African tech startups since 2019. This translates to it attracting more investment than the combined

Factors For Ecosystem Growth: An Analysis Of The Oman Ecosystem

Factors For Ecosystem Growth: An Analysis Of The Oman Ecosystem

The MENA region is rich. While the World Bank records the region as one of the richest in oil, gas, and other mineral resources, yet, MENA has made itself relevant in tech. Home to some of the world’s major players in technology, such as Dubai, Egypt, and Israel, it

Tech Layoffs: Even Africa’s Best Economy Is Not Spared. When Do We Return to Equilibrium?

Tech Layoffs: Even Africa’s Best Economy Is Not Spared. When Do We Return to Equilibrium?

Ever done that math where an Error Correction statistic is introduced to determine the speed of convergence of an independent variable? Here’s a quick explanation: Sometimes, socioeconomic variables can derail from their parts after a long run or short run. The Error Correction Model— which is a theoretically-driven approach

Raed Ventures Leads Wafeq Seed Round Raise

Raed Ventures Leads Wafeq Seed Round Raise

UAE’s fintech startup, Wafeq, has raised a seed round of $ 3 million for its expansion project within Saudi Arabia and its launching into the Egyptian market. The round was led by one of Saudi’s leading Venture Capitalists, Raed Ventures, and saw investment participation from Wamda Capital. Raed Ventures

mTek Partners with Kyosk.app and Fin Africa to provide Insurance Covers to Over 100K Small-Scale Vendors

mTek Partners with Kyosk.app and Fin Africa to provide Insurance Covers to Over 100K Small-Scale Vendors

Like most African countries, insurance penetration in Kenya is about 2.23%, compared to a global average of 7%, making Kenya the third lowest insurance penetration rate country in Sub-Saharan Africa, with South Africa leading at 17%, according to data from the Insurance Regulatory Authority, (IRA). Despite the low penetration