South Africa expects 1.9% GDP growth this year, compared to an estimate of 2.1% issued in February.
HiPipo, a Ugandan fintech company, is the only African firm listed in Global Business Leaders Magazine’s Top 20 companies ‘escalating innovation’ in the financial services market.
MENA startups raised USD 173 million last month as investment levels continue to fall in 2022, according to WAMDA and Digital Digest.
Algebra Ventures’ second fund completes its first close at USD 100 million and will make its final close in Q1 2023.
BMCE Capital Investment aims to support Moroccan startups at the Seed stage through the creation of a USD 4.5 million VC fund.