Africa’s Business Heroes
Competition

Africa’s Business Heroes Prize Competition Announces 2022 Winners

The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, announced this

Fawry
Product Launch

Fawry Microfinance Launches Tamweelak Fawry Mobile App

Fawry, Egypt’s leading e-payments solutions provider, announced today that its subsidiary Fawry Microfinance has launched the Tamweelak Fawry mobile app.  Tamweelak Fawry is a digital

Madica
Venture Capital

Global VC, Flourish Ventures Launches Africa-focused Pre-seed Funding Arm Madica

Flourish Ventures, a global venture capital firm investing in mission-driven fintech entrepreneurs, has announced the launch of affiliate Madica, a structured

Fintech

15 Fintech Startups Selected For LHoFT’s Startup Acceleration Program

Building on the success of the previous editions of CATAPULT: Inclusion Africa since 2018, the Luxembourg House of Financial Technology

MaxAB
Ecommerce Funding Investment

MaxAB Raises $40M Pre-series B Funding Round to Fuel Growth and Regional Expansion

MaxAB, the Egyptian food, and grocery B2B e-commerce and distribution platform, has announced the close of a $40m pre-series B

Swvl
Electric Vehicle Ride-hailing

Swvl Partners Mybuxi to Launch On-Demand Electric Vehicle Service in Switzerland

Swvl, a global provider of transformative tech-enabled mass transit solutions, has partnered with MyBuxi to launch an on-demand transit electric vehicle service

Numida
Fintech Funding Investment Startup Venture Capital

Ugandan Fintech Startup, Numida Raises $12.3m Pre-series A Funding For Expansion

Numida, a Uganda-based fintech, has secured a $12.3 million pre-series A equity and debt funding led by Serena Ventures with

SweepSouth
Funding Investment Venture Capital

Online Home Services Platform SweepSouth Gets $11m Funding Led by Alitheia IDF

SweepSouth, an online home services platform with a presence across Africa, today announced that it has completed an $11m investment

Acquisition

ECC Acquires Majority Stake in Source Beauty for $5mln

Source Beauty, an Egyptian-based beauty platform, received a commitment of up to $5m from the Egyptian Company for Cosmetics (ECC)

EBANX
Fintech Payment

EBANX, a Latin America Fintech Firm, Expands its Payments Solutions to Africa

EBANX, a global payments fintech company founded in Brazil, has announced it is expanding its operations and payments solutions outside