Why Africa’s first healthtech unicorn is closer than you think

With rising investor interest, Africa is on the verge of launching its first health tech unicorn, says HealthCap Africa.

EXCLUSIVE: Midddleman is raising a six-figure pre-seed to dominate global trade

“We hope to use the funds to hire for some key roles, launch campaigns for user acquisition, and build new products for our users,” Cofounder Omolara Sanni said.

Chowdeck acquires Mira in strategic push beyond delivery

Chowdeck acquires Mira to expand beyond delivery, offering POS and payment tools that empower Africa’s food and hospitality businesses to scale.

PaidHR, an African cross-border payroll and HRtech startup, raises $1.8 million seed round

"We are building HR management for the African context," said Seye Bandele, CEO of PaidHR. "

Sterling Bank seeks shareholders nod for $400 million raise

Sterling Bank Plc, will raise as much as $400 million to meet a looming regulatory deadline for a significant capital increase.

Sabi cuts 20% of staff, refocuses on commodity traceability

Sabi trims team by 20%, goes all in on commodity sourcing

Nigeria’s inflation cools to 22.97% in May as food risks mount

Nigeria's headline inflation has decelerated for the second time consecutively in the month of May

How open banking will change how fintechs manage API integrations with banks

Even though fintechs have made impressive strides in Nigeria’s financial ecosystem, there are serious challenges with how they currently access bank data.

Access Bank takes over Standard Chartered Gambia after 130 years

Nigerian lender Access Bank steps into The Gambia, taking over Standard Chartered’s legacy operations. The move safeguards jobs and reinforces regional banking options.

AfDB commits $184M to Africa’s largest solar and battery project in Egypt

The African Development Bank has approved $184 million for Egypt's Obelisk solar project, Africa's largest clean energy and battery storage initiative.

Moove seeks $300 million to supercharge expansion and attain unicorn status

This latest fundraising effort underscores Moove's strategic aim to become a pivotal player in the evolving autonomous mobility ecosystem, beyond its current fleet management role for Waymo.

EXCLUSIVE: Ex-Moniepoint executive sues unicorn over stock options worth nearly $1M

An ex-Moniepoint staff, claims that the fintech unicorn engaged in malicious actions to deny him of stock options estimated to be worth $889,600 in the secondary market.