When Elon Musk published Tesla’s first “master plan” in 2006, it seemed a bit far-fetched that batteries would end up changing the automotive industry, much less global power production and consumption. Today, as electric vehicles continue to gain market share and massive batteries displace smoke-spewing power plants from the electrical grid, that notion seems less […]
Mohamed Salah Scores In Egypt Romp, South Africa Grab Win, Rwanda Hold Nigeria
Liverpool star Mohamed Salah scored as Egypt cruised to a 4-0 victory over Botswana on Tuesday as matchday two of 2025 Africa Cup of Nations qualifying drew to a close. Other African powerhouses had mixed fortunes with South Africa snatching a last-gasp 3-2 win in South Sudan while Nigeria were held 0-0 in Rwanda. Jean-Philippe […]
Payroll startup Cercli inks $4M to build the “Rippling for the Middle East and North Africa”
While scaling and managing teams at two of the largest unicorns in the Middle East and North Africa (MENA) region, Akeed Azmi and David Reche stumbled on what they believed was a $ 2 billion opportunity. They realized that their former employers at Careem and Kitopi as well as other local businesses in the region struggled with payroll management […]
Conduit’s cross-border payments expand from LatAm into Africa with $6M round
Cross-border payments for businesses in emerging markets remain significantly untapped, despite small to large businesses using banks and legacy fintechs to transact trillions of dollars in transaction volume annually. A report by Airwallex forecasts that the value of cross-border payments will grow by 60%, reaching $ 250 trillion by 2027. Between 2018 and 2022, the […]
Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa
When Egyptian B2B e-commerce platform Cartona last raised money in 2022, global and local investors were eager to invest in African startups solving the supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors aren’t as enthused anymore as the business models of such startups, […]