African Venture Investment Sees Major Deals Despite Overall Market Contraction
Moove Africa's $100 million mega-deal propelled Nigeria to the forefront of Africa's funding landscape. Significant funding rounds in Kenya and Egypt highlighted these countries as key hubs for venture capital activity.
Nigeria Leads in H1 2024 Venture Capital Funding Despite Africa’s Economic Challenges
Africa experienced a 57% YoY decline in venture capital funding in H1 2024. Nigeria became the most funded country due to a $100 million mega deal by Moove Africa.
Decline in Investor Activity Marks H1 2024, But Local Capital Rises in Africa’s VC Market
Africa saw a 29% YoY decline in the number of unique investors in H1 2024. Investors from South Africa, Kenya, and Nigeria experienced a 46% YoY drop in participation.
Dubai's Network International launches Network One in Nigeria, plans to onboard banks, fintechs
Network International introduces its digital payment platform, Network One, to Nigeria. The platform aligns with the Central Bank of Nigeria's directive for in-country transaction routing.
Egyptian Fintech Dopay Secures USD 13.5 M Series A Extension Round
Dopay secures a USD 13.5 million Series A extension round. The funding is led by Argentem Creek Partners.
