Nigerian fintech Moniepoint is phasing out MonieWorld, its UK remittance product, about 14 months after launching the service as it refocuses resources on its core African markets.
South African AI startup Verascient has raised $1.2 million in an oversubscribed seed round. The round was backed by Founder Collective, Andrena Ventures, Cambridge Enterprise and Summit Ventures.
Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt to establish Yomo, a new digital native bank that will operate in Egypt.
Voice AI startup HeyBreez has raised $2.5 million in a seed round to expand its AI-powered voice platform across global markets.
The round was led by Lunara Partners, with
Nigerian defense-tech startup Terra Industries has closed a $52 million seed round to scale its autonomous security systems and manufacturing operations across Africa and other emerging markets.
Kenyan startup JentaHub has launched a talent marketplace to connect African professionals with businesses and organizations seeking skilled workers globally.
Saudi investment firm Pinnacle Capital has launched a new venture capital fund targeting growth-stage technology companies in Saudi Arabia, combining primary investments with secondary transactions as the Kingdom’s startup ecosystem matures.
Nigeria’s central bank has opened a regulatory testing window for virtual-asset businesses, offering local founders a clearer path to develop and test digital financial products under supervision.
Kenya has approved its first locally domiciled exchange-traded fund (ETF), creating a new way for investors to gain exposure to the country’s banking sector without buying individual bank shares.
Egyptian edtech company UMAMI E-Learning Solutions is investing more than $1 million in an AI-powered learning platform as demand grows for technology that connects education with workforce development.
