Digital Economy
West Africa
Venture capitalization, upstream energy transactions, private credit facilities, and high-growth equity investments driving expansion across West African private markets.
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Ghanaian Fintech Seevcash Secures $333,000 in Stellar Community Fund Grants to Expand Diaspora Remittances
The blockchain-powered fintech platform is expanding its digital wallet infrastructure, deepening its MoneyGram integration, and scaling the adoption of its physical Visa cards across African diaspora corridors.
Nigerian Church-Tech Startup Pewbeam Secures Investment from Resilience17 to Advance AI Live-Service Platform
Pewbeam startup is scaling its real-time AI desktop application designed to automate slide projection, scripture display, and media workflows for physical sanctuaries.
African Fintech Nomba Secures $3 Million Debt Facility via CardinalStone to Scale Africa-Asia Payment Infrastructure
The B2B financial services provider is leveraging new debt capital to boost U.S. dollar liquidity through Hong Kong and Singapore, positioning its Democratic Republic of Congo hub for faster trade settlement.
Global Ride-Hailing Giant Uber Exits Nigeria and Uganda After Over a Decade of Operations
The multinational platform has abruptly wound down its services in two of its key East and West African markets as part of a broader corporate restructuring and strategic portfolio reset.
Africa50 Appoints Former IFC Regional Director Cheick-Oumar Sylla as CEO of its Project Development Fund
Bringing over three decades of development finance and infrastructure investment experience, the seasoned executive steps in to accelerate the continent’s pipeline of bankable opportunities.
Flutterwave Acquires Open Banking Startup Mono in All-Stock Deal Valued Up to $40 Million
African payments giant Flutterwave has acquired Nigerian open banking infrastructure startup Mono, marking a major strategic milestone in the continent's digital financial services ecosystem.
LemFi Secures $53M Series B Growth Capital Led by Highland Europe to Accelerate Global Cross-Border Platform
LemFi has closed a $53 million Series B funding round led by Highland Europe to scale its cross-border financial services infrastructure and accelerate international market expansion.
Chappal Energies Completes Landmark $1.2 Billion Acquisition of Equinor’s Nigerian Assets
Chappal Energies has officially finalized its landmark $1.2 billion acquisition of Equinor’s Nigerian upstream asset portfolio, expanding its operational footprint in West Africa's energy sector.
Moniepoint Joins Africa’s Unicorn Club with $110M Series C led by DPI and Google
Nigerian fintech powerhouse Moniepoint has officially crossed the billion-dollar threshold, securing a $110 million Series C funding round led by Development Partners International (DPI) and Google's Africa Investment Fund.
Zenith Bank Completes Landmark $195M Tier-1 Capital Raise to Drive Regional Expansion
Zenith Bank has successfully closed a landmark $195 million Tier-1 capital raise, securing vital financial firepower to accelerate its regional expansion strategy across Africa.
Moove Secures $100 Million in Series B Funding at a $750 Million Valuation to Scale Global Mobility Financing
Mobility fintech Moove has raised $100 million in a Series B funding round led by new investment from Uber and participation from existing backer Mubadala, bringing its total valuation to $750 million.