Startups
Mohamed El-Sewedy acquires Egypt’s sportswear manufacturer Magma
Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via...
Fintech
Sudanese fintech Bloom secures $6.5 million to drive adoption of Visa cards in Sudan and East Africa
Bloom, a Sudan-based fintech startup that offers a high-yield savings account and adjacent digital banking services, has...
Funding
FMO announces $10 million commitment to Algebra Fund II
FMO, the Dutch entrepreneurial development bank, and Egyptian venture capital firm Algebra Ventures has today announced...
Startups
Egypt’s Stllr Network raises six-figure investment round
Egypt based Stllr Network has closed a six-figure investment amount after a public beta launch from 500 Global, angel...
Startups
DigiFemmes set to increase the competitiveness of women entrepreneurs in Côte d’Ivoire
DigiFemmes, a holistic technical assistance program that enhances the capacity of women in Côte d’Ivoire to run and...
Startups
Internet of Things company, Novek, to receive share of $1 million Mastercard Strive Community grant
Novek, an Internet-of-Things (IOT) company has been announced as one of eight global recipients of the inaugural...
cryptocurrencies
DeFi platform ZKX raises $4.5 million Seed round to expand reach across emerging markets
Dubai-based DeFi platform ZKX raised $4.5 million in seed funding today from StarkWare, Alameda Research, Amber Group,...
Startups
Morocco’s SmartProf Secures $50,000 to build an integrated ecosystem
Morocco-based edtech Smartprof has secured $50,000 in funding after graduating from the Mohammed VI Polytechnic University (UM6P)...