35 Startups in Egypt to Watch This Year
Inside Africa Start a Business
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35 Startups in Egypt to Watch This Year

March 27, 2025
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In 2024, startups in Egypt secured $329 million across 78 funding rounds, maintaining a significant share of the continent’s venture capital despite global economic challenges. This surge is attributed to a combination of government initiatives, increased investor interest, and a burgeoning community of innovators addressing both local and global challenges.

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Lipa Later enters administration after failed fresh fundraising efforts
Tech News
3 min read
291

Lipa Later enters administration after failed fresh fundraising efforts

March 27, 2025
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Kenyan buy-now-pay-later (BNPL) fintech, Lipa Later enters administration effective March 24, 2025, after months of financial struggles and failed fundraising efforts. Joy Vipinchandra Bhatt from Moore JVB Consulting LLP has been appointed administrator, according to a gazette notice seen by TechCabal. This latest development caps a turbulent year for Lipa

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PalmPay rolls out its debit cards in partnership with Verve
Tech News
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PalmPay rolls out its debit cards in partnership with Verve

March 27, 2025
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Nigerian fintech with over 35 million users, PalmPay rolls out its debit cards in partnership with Verve, marking a major step in its evolution from a mobile wallet to a full-service digital financial platform. The move comes amid a broader shift by Nigerian fintechs toward local card schemes, as rising

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Jumia, Jiji unfazed of Temu shaking up Nigeria’s $13 billion e-commerce market
Tech News
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543

Jumia, Jiji unfazed of Temu shaking up Nigeria’s $13 billion e-commerce market

March 26, 2025
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Jumia, Jiji unfazed of Temu shaking up Nigeria’s $13 billion e-commerce market, luring shoppers with ultra-low prices and freebies. Since its Nigerian launch in November 2024, Temu has been aggressively courting customers with deep discounts, promotional giveaways, and promises of faster delivery. The company’s expansion strategy mirrors its playbook in

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MTN and Airtel signs an agreement to share network infrastructure in Nigeria, Uganda
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3 min read
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MTN and Airtel signs an agreement to share network infrastructure in Nigeria, Uganda

March 26, 2025
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MTN and Airtel have signs an agreement to share network infrastructure in Nigeria and Uganda, a strategic move aimed at reducing rising operational costs while expanding mobile coverage to underserved areas. The rare collaboration underscores a broader shift toward cost optimisation among African telecom giants as currency devaluation and economic

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AltSchool to launch in-person programs in Q2 with ‘Campus by AltSchool’
Tech News
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AltSchool to launch in-person programs in Q2 with ‘Campus by AltSchool’

March 26, 2025
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AltSchool, a Nigerian edtech startup, is set to introduce hybrid learning programs through its new initiative, “Campus by AltSchool.” Known for offering online courses in software development, product development, and creative sectors, the company aims to improve course completion rates and strengthen the vibrant community it has cultivated. The program

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32 Startups in Morocco to Watch This Year
Inside Africa Start a Business
8 min read
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32 Startups in Morocco to Watch This Year

March 26, 2025
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​Morocco’s startup ecosystem has been experiencing significant growth, with innovative ventures emerging across various sectors. This surge is driven by a dynamic youth population, increasing access to technology, and supportive government policies. 32 Startups in Morocco to Watch This Year Here are 32 startups in Morocco to watch this year,

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Payhippo rebrands as Rivy, raises $4 million for clean energy financing
Tech News
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Payhippo rebrands as Rivy, raises $4 million for clean energy financing

March 26, 2025
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Nigerian fintech Payhippo rebrands as Rivy, raises $4 million for clean energy financing in a pre-Series A round to focus on its clean energy financing business. The funding—split evenly between $2 million in debt and $2 million in equity—will help the company expand beyond Nigeria with its clean energy financing

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Paystack launches Zap, its first consumer-centric app
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Paystack launches Zap, its first consumer-centric app

March 25, 2025
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Paystack launches Zap, its first consumer-centric app, which it says will allow easier and faster bank transfers. The company’s CEO, Sola Akinlade announced the launch at a special event Monday. According to Akinlade, instead of being another neo bank, Zap will allow Nigerians to link their existing bank accounts with

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KCB Group acquires 75% stake in Riverbank Solutions for $15m
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KCB Group acquires 75% stake in Riverbank Solutions for $15m

March 25, 2025
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Kenya’s largest commercial bank by assets, KCB Group acquires 75% stake in Riverbank Solutions for $15.4 million (KES2 billion), a payments solutions startup, to strengthen its digital operation. The transaction awaits regulatory approval.  The acquisition marks KCB’s latest move to expand its footprint amid growing competition in Kenya’s banking sector. 

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