MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.
YMO is a Guinean fintech in the mobile payment sector that aims to improve financial inclusion. The company aims to use the funds to expand across West Africa.
Kenyan incubator and impact investor Villgro Africa plans to launch a Biotech Innovation as part of its regional expansion plans.
We take a look at some of the most notable funding announcements among MENA-region startups in February.
Amwal, a Saudi fintech that seeks to improve how money is authenticated, gains USD 2.5 million in investments.
Tanzania and the UAE have held talks around strengthening trade and investment relations between the two countries.
Orange Fab, an accelerator run by telecoms giant Orange, has opened its first branch in Casablanca.
Hollydesk, an Egyptian expense management fintech, has raised USD 1 million in venture debt financing.
Foodics will further its efforts to digitally empower entrepreneurs in the F&B sector across Saudi Arabia.
Venture capital firms across Africa are changing the tech and business landscape, here are the top six.