First SVB, now Mercury. US banks leave African startups in dire straits Mercury’s stumble from fintech hero to a target of federal scrutiny highlights the complex interplay between rapid growth, regulatory compliance, and financial stability
Starlink mulls Liberian launch President Joseph Nyuma Boakai, Sr. has held a strategic meeting with Elon Musk
South Africa's 2G/3G switch-off timeline raises industry concerns While the gov't aims to advance digital infrastructure, stakeholders urge caution and a more gradual, collaborative approach
Major EV drive sees Kenya ramp up charging infrastructure With companies like Moja EV Kenya, Simba Corp, TotalEnergies, and NCBA leading the charge, the country is set to witness a significant increase in EV adoption
Africa's fourth-largest miner suffers cyberattack This adds to the rising count of South African entities that have seen cyber attackers come for their data
Tanzania’s Nala nabs $40 million in double down on its new payments infrastructure In March 2024, the startup began foraying into the B2B payments sector via launching Rafiki, integrating directly with banks and mobile money providers.
African startups raised $652.4 million in H1 2024 as the downward funding trend continues This figure marks a weighty decrease of about 50.2% compared to the $1.31 billion raised in H1 2023, according to data from BD Funding Tracker