Author: Today Africa

Morocco-based fintech that helps banks and fintechs automate their operations, PayTic raises $4.4 million to deepen its presence in the Middle East and Africa and expand its global distribution partnerships. AfricInvest led the funding round with participation from Accion Venture Lab and Mistral VC. Existing investors, including CDG Invest, BVC,

Kenyan and Nigerian startups affected as the US Africa Development Foundation (USADF), which has supported over 1,000 businesses across 22 African countries, slashed $51 million in funding for African SMEs and startups, threatening cooperatives, smallholder farmers, and early-stage ideas across sub-Saharan Africa. The cuts, announced by the Department of Government Efficiency (DOGE)—an

MTN Group’s streaming gamble could come at a high cost as they venture into the crowded, capital-intensive world of video streaming in a bid turn around its declining financial fortunes. On April 7, Africa’s largest telecom operator partnered with Synamedia, a global video software provider, to roll out a new streaming

Sabou Capital to invest up to $1.5 million in 25 African SMEs in agriculture and agroprocessing, renewable energy and climate, supply chain, logistics, and mobility sectors. Sabou Capital, launched by Surayyah Ahmad, a two-time cofounder, to bridge investment gaps in Anglophone and Francophone Africa. The name Sabou is derived from

Central Bank of Kenya sets 18-month deadline for banks to start disclosing the environmental impact of the businesses and projects they finance. The move is part of the regulator’s efforts to clean up sustainability claims in Kenya’s banking sector and a crackdown on greenwashing—a growing concern as more banks and