Browsing: Business

The Ocean impact-focused accelerator by OceanHub Africa has selected one South African and five Nigerian startups as its 2022 cohort.

MENA startups raised USD 173 million last month as investment levels continue to fall in 2022, according to WAMDA and Digital Digest.

Africa’s internet economy could grow by USD 180 billion by 2025, representing 5.2% of the continent’s GDP, according to Google.

Google Cloud has announced that a new Cloud Region will be established in South Africa as part of a USD 1 billion investment commitment made last year.

Flat6Labs is one of the region’s most active VC firms. In this exclusive interview we talk with CEO Ramez El-Serafy about the company and the startup environment in Africa.

Growth in Sub-Saharan Africa is expected to decelerate according to the World Bank’s latest Africa’s Pulse report.

Algebra Ventures’ second fund completes its first close at USD 100 million and will make its final close in Q1 2023.

Greylisting is a serious concern for South Africa as the Financial Action Task Force takes a close look at the country.

Qatari investors will be invited to discover investment opportunities in South Africa, according to Fikile Mbalula, South Africa’s Transport Minister.

BMCE Capital Investment aims to support Moroccan startups at the Seed stage through the creation of a USD 4.5 million VC fund.