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News
From Fintech to Medtech, Casablanca Delivers Back-to-Back Tech IPOs
4+ hour, 39+ min ago (712+ words) Just eight months after Morocco’s first fintech listing drew record demand, the Casablanca Stock Exchange has hosted another blockbuster initial public offering, underscoring a remarkable revival in North Africa’s largest equity market. The 1.1 billion dirham ($117m) offering — comprising a 350 million dirham…...
Delivery Hero and Careem Alumni Raise $2.8M to Fix North Africa’s E-Commerce Logistics Headache
21+ hour, 49+ min ago (387+ words) Cairo-based startup Fincart has closed a seed funding round that it said exceeded its $2.8m target, as the company seeks to expand its AI-powered operating system for online merchants across the Middle East and Africa. The round was co-led by Africa-focused…...
With 160% ARR Growth, SA Customer Support Startup Cue Lands $5m to Target the UK
1+ week, 5+ day ago (214+ words) Johannesburg/London based customer service platform Cue has raised $5m in a primary funding round co-led by venture capital firm Knife Capital and FAM Investments, as it accelerates work on autonomous AI agents that can resolve customer inquiries from start to…...
Novastar Ventures Targets AI-Native African Start-Ups With Google-Backed Lab
3+ week, 5+ day ago (166+ words) Nairobi-based venture capital firm Novastar Ventures is launching an applied artificial intelligence laboratory in partnership with Google, aiming to channel funding and frontier technology to a new generation of African start-ups building AI solutions for everyday challenges. The Applied AI…...
Local Investors Stage Partial Comeback in African Tech After Sharp First-Half Retreat
3+ week, 6+ day ago (670+ words) A pronounced withdrawal of local capital from African technology start-ups showed signs of easing in June, according to data from funding rounds tracked by Launch Base Africa, even as the broader recovery remains uneven and key institutional backers have yet…...
The VC Waiting Game: Why a 7% Distribution Is a Major Win for Early-Stage African Funds
1+ mon, 1+ week ago (501+ words) Against a backdrop of frozen IPO markets and increasingly restless limited partners, pan-African seed investor Launch Africa Ventures has pulled off what is becoming a coveted rarity in venture capital: it has returned cash to its backers. “Venture capital is…...
Egypt’s Biggest Bank Backs Fintech Unicorn MNT-Halan at $1.4bn Valuation
1+ mon, 2+ week ago (874+ words) MNT-Halan, Egypt’s first fintech unicorn, has had its valuation raised to $1.4bn following a new investment led by Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), the country’s largest bank. The transaction marks the first closing…...
Profitable Egyptian Fintech Blnk Raises $37.1m in Equity and Debt
1+ mon, 2+ week ago (452+ words) Egypt’s Blnk has raised $37.1 million in a combined equity and debt round, the company announced on 8 June 2026, marking its largest single financing since it was founded in 2021. The round comprises $12.5 million in Series A equity and $24.6 million in local debt…...
SA Serial Founder Vinny Lingham Locks In Fastest Exit Yet With Rumi.ai Sale
1+ mon, 3+ week ago (343+ words) South African-born serial entrepreneur and venture capitalist Vinny Lingham has secured yet another exit. His latest startup, San Diego-based AI meeting intelligence platform Rumi.ai, has been acquired by the US subsidiary of Decidr AI Industries (ASX:DAI). The Decidr…...
Catalyst Fund Hits $30 Million Milestone for African Climate Tech after FASA Injection
1+ mon, 3+ week ago (234+ words) FASA, the multi-donor fund-of-funds targeting Africa’s underserved agricultural SMEs, has made its first investment, committing $5m to Catalyst Fund, a pan-African venture capital firm backing early-stage climate adaptation startups. The move marks the start of deployment for a vehicle that aims…...