Apple has announced that it will be adjusting its pricing for apps and in-app purchases in Egypt, Tanzania, and Nigeria, starting from July 25th, 2023. These changes are expected to
UAE-based direct-to-patient digital healthcare company Alma Health has secured $10 million in a Series A funding. The round was co-led by Knuru Capital and Hambro Perks Oryx Fund. Other investors
Uganda passed new tax law to impose a 5% levy on income earned by foreign providers of digital communications services like Twitter, Netflix, and Facebook.
Visa has introduced a fresh initiative called the Africa Fintech Accelerator programme, which aims to support African startups by providing them with expertise, connections, technology, and investment funding.
The initiation
Acorn Fintech, a South African start-up has just received funds from EPT Tech Fund, a venture capital firm. The venture capital firm is focused on emerging start-ups in Africa, aiming to secure pre-seed funds. The announcement was made on Tuesday by Joanna Govender, CEO of EPT Tech Fund.
Through the Southern Africa Innovation Bridge Portal initiative, the World Bank has provided financial support to ten fintech start-ups. This initiative has created an opportunity for underserved communities, which are
In South Africa, parking problems are widespread and affect both commercial and residential areas. The influx of residents and tourists in cities contributes to a shortage of parking spaces. Parket,
Revibe, a Dubai-based refurbished-electronics startup, announced it has raised US$2.3 million in order to accelerate its growth within the US$6 billion refurbished consumer electronics market in the MENA region — which is expected to reach US$20 billion within the next decade.
Menthum was founded in 2021 by Himanshu Shrimali and Ismail Sarhank. This innovative digital platform serves both B2B and B2C customers, enabling them to invest in secure treasury bills (T-bills) through a reliable money market fund.
The MENA VC ecosystem witnessed a slow start in 2023, with funding declining by 13% YoY, and deals plummeting by 55%. In the first half of 2022, the highest funding deal was recorded in February with $375 million
