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UAE-Based Pathfinder Secures $325M Investment from Silver Rock to Scale Ahead of NASDAQ Listing

UAE-Based Pathfinder Secures $325M Investment from Silver Rock to Scale Ahead of NASDAQ Listing

Cybersecurity Startup Protexxa Closes $10M Series A, Largest Round Secured by a Black Woman Founder in Canada

Cybersecurity Startup Protexxa Closes $10M Series A, Largest Round Secured by a Black Woman Founder in Canada

Village Capital Announces an $850K Investment in Nigerian and Kenyan Agtech Startups

Village Capital Announces an $850K Investment in Nigerian and Kenyan Agtech Startups

Kenya's One Acre Fund Secures $1.4M in Debt Funding to Bolster Smallholder Farmers in Africa

Kenya's One Acre Fund Secures $1.4M in Debt Funding to Bolster Smallholder Farmers in Africa

Egypt’s Fintech Giant, MNT-Halan, Secures $157.5M for Regional Expansion

Egypt’s Fintech Giant, MNT-Halan, Secures $157.5M for Regional Expansion

Saudi's Logistics Startup OTO Raises $8M in a Series A Round to Expand, Strengthen its Presence in the Region

Saudi's Logistics Startup OTO Raises $8M in a Series A Round to Expand, Strengthen its Presence in the Region

Schneider Electric Partners IXAfrica to Launch the NBOX1 Data Center to Catalyze East Africa’s Digital Transformation

Schneider Electric Partners IXAfrica to Launch the NBOX1 Data Center to Catalyze East Africa’s Digital Transformation

TerraPay Secures $95M Debt Funding to Revolutionize Remittance Services in Africa

TerraPay Secures $95M Debt Funding to Revolutionize Remittance Services in Africa

Bio-Logical Raises $1.3M to Scale Carbon Removal and Build the Climate Resilience of Kenyan Smallholder Farmers

Bio-Logical Raises $1.3M to Scale Carbon Removal and Build the Climate Resilience of Kenyan Smallholder Farmers

Bio-Logical Raises $1.3M to Scale Carbon Removal and Build the Climate Resilience of Kenyan Smallholder Farmers

Egypt’s Fintech Dopay Closes $13.5M Series A Extension Round

Egypt’s Fintech Dopay Closes $13.5M Series A Extension Round

Dopay, an Egypt-headquartered fintech startup that provides a digital payroll and payments platform serving unbanked and underbanked workers in emerging markets, has announced the closing of a $13.5 million Series A extension round.

d.light Secures $176M in Securitization Facility to Roll Out Affordable Off-Grid Solar Products in East Africa

d.light Secures $176M in Securitization Facility to Roll Out Affordable Off-Grid Solar Products in East Africa

AI Speech Startup Receives $500k in Funding

AI Speech Startup Receives $500k in Funding

Oman's Climate Tech Startup 44.01 Secures $37M in Series A Funding

Oman's Climate Tech Startup 44.01 Secures $37M in Series A Funding

44.01, an Oman-based climate tech startup, has raised $37 million in a Series A funding round co-led by Equinor Ventures and Shorooq Partners. The funding round also saw participation from Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A

Kristin Wilson on the Innovate Africa Fund's Bold Mission to Tackle African Startups Biggest Challenges

Exclusive Interview

Kristin Wilson on the Innovate Africa Fund's Bold Mission to Tackle African Startups Biggest Challenges

Nigerian Court Set October for Binance Tax Evasion Trial

Nigerian Court Set October for Binance Tax Evasion Trial

A Federal High Court in Nigeria has set October 11, 2024, as the commencement date for the trial against the cryptocurrency exchange giant Binance.

Kenya Leads African Startup Funding in the First Half of 2024: Factors Behind Success

Kenya Leads African Startup Funding in the First Half of 2024: Factors Behind Success

Over the past few years, venture capital (VC) funding in Africa has been unevenly distributed among its 54 countries. The “Big Four” tech ecosystems—Kenya, Nigeria, Egypt, and South Africa—have consistently attracted more than 70% of the continent's total funding. In 2023, these four nations accounted for

NALA Secures $40M in Series A Funding, Marking a Milestone for the Tanzanian Tech Ecosystem

NALA Secures $40M in Series A Funding, Marking a Milestone for the Tanzanian Tech Ecosystem

Innovate Africa Launches a $2.5M Angel Fund for Early-Stage Africa-Focused Startups

Innovate Africa Launches a $2.5M Angel Fund for Early-Stage Africa-Focused Startups

MENA VC Funding Dips by Nearly Half to $882 Million in H1 2024

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MENA VC Funding Dips by Nearly Half to $882 Million in H1 2024

MENA startups witnessed a VC funding declined from $1.6 billion in H1 2023 to $882 million (-46%) in the first six months of 2024.

UAE’s Agri-focused Fintech Maalexi Secures $1M Investment from Stride Ventures

UAE’s Agri-focused Fintech Maalexi Secures $1M Investment from Stride Ventures

Maalexi, a UAE-based fintech startup specializing in agriculture, has successfully raised $1 million in venture debt from Stride Ventures, an Indian venture debt firm. This investment marks a significant milestone for Stride Ventures' international strategy and highlights its broader commitment to the GCC region. The new funding will accelerate

Revolutionizing International Travel for Africans: The Role of African TravelTech Startups

Revolutionizing International Travel for Africans: The Role of African TravelTech Startups

EXITS MENA Expands into Saudi Arabia in a Strategic Move to Foster Regional Innovation and Growth

EXITS MENA Expands into Saudi Arabia in a Strategic Move to Foster Regional Innovation and Growth

India’s CoinDCX Acquires BitOasis to Tap into the MENA Crypto Market

India’s CoinDCX Acquires BitOasis to Tap into the MENA Crypto Market

African Tech Startups Face a Funding Winter: Analyzing the H1 2024 VC Landscape

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African Tech Startups Face a Funding Winter: Analyzing the H1 2024 VC Landscape

The first half of 2024 has marked a challenging period for African tech startups, with venture capital (VC) funding hitting its lowest point since H2 2020, ($780 million) representing a 31% decline from the second half of 2023 and an even steeper 57% drop compared to H1 2023.

Egypt’s El Kheta Secures $400k in Funding to expand online education opportunities in Egypt

Egypt’s El Kheta Secures $400k in Funding to expand online education opportunities in Egypt

Egypt-based edtech startup, El Kheta has secured $400k in funding from EdVentures, a strong supporter of Edutech startups in the MENA region. Founded in 2019, El Kheta provides a platform with tailored curricula for students, and the opportunity to create a personalized study plan that fits their schedule. EdVenutures, launched