Madica expands into Algeria and Cameroon with five new African startup bets

Madica has made its first investments in Algeria and Cameroon, backing five African startups as it expands its pre-seed bets into overlooked markets.

Partech leads $13 million investment in Synapse Analytics series A funding

Synapse Analytics, an AI-powered fintech company, has secured $13 million in Series A funding led by Partech with participation from Algebra Ventures and Silicon Badia.

Kenyan startup enters administration after raising nearly $200 million

Twiga Foods' GT Flow Limited has entered administration after years of layoffs, debt, and a failed restructuring, as creditors move in.

dLocal gets Enhanced Payment Service Provider licence from the Bank of Ghana

dLocal's Ghana subsidiary, dLocal Ghana Limited, has received an Enhanced Payment Service Provider (EPSP) licence from the Bank of Ghana.

TLG Capital backs Drive45 with $3 million to expand mobility across Nigeria

The deal combines TLG's private credit with a guarantee from Cascador, delivered in partnership with Morgan Stanley.

CreditChek kickstarts East Africa expansion with Algosys acquisition

Creditchek has acquired Uganda’s Algosys as the Nigerian fintech expands into East Africa and builds a broader lending infrastructure platform.

FCCPC opens probe into Uber’s Nigeria exit

If the FCCPC finds Uber in breach, the commission can impose administrative fines of up to 10% of the company's prior year turnover in Nigeria.

Fintech giant, OPay reaffirms commitment to Nigeria

OPay reaffirmed its commitment to Nigeria at a town hall in Lagos, highlighting its continued operations and long-term investment in the country.

Figorr founder Oghenetega Iortim steps down as CEO as Envir Fraser takes over

Figorr founder Oghenetega Iortim has stepped down as CEO, with Envir Fraser taking over as the company expands across Africa.

Onafriq’s 2024 revenue fell 7% as naira devaluation wiped $3.2 billion from payment volumes

2024 revenue fell 7% year-on-year, driven by naira depreciation in Onafriq's biggest market, Nigeria.

How Uber rewired Nigeria’s transport before leaving a heavy debt

Uber had already left Ivory Coast in 2025 and Tanzania in January 2026, and it now keeps only 4 markets on the continent.

OPay reportedly applies for digital banking licence in Egypt

OPay reportedly recorded significant growth in its 2025 financial year, with revenue increasing 161% to $536.25 million and net profit reaching $72.47 million.