The commissioning of the Arridex Omnifactory in Lagos has marked a commendable step in Nigeria’s industrial development, introducing what is described as West Africa’s first multi-technology industrial additive manufacturing facility. The plant, developed by Arridex, formerly RusselSmith, brings adv
Egyptian fintech unicorn has secured undisclosed equity funding in a deal that values the company at US$1.4 billion. Founded in 2018, MNT-Halan was created to digitally bank the unbanked and substitute cash with electronic solutions. The MNT-Halan digital ecosystem includes small and micro business
Tayo Akinyemi reports from Katapult Future Fest 2026 on narrative, belonging, and the boundaries of communities seeking to reshape how capital and technology serve people—previewing Capital for Infrastructure, her forthcoming project with Osarumen Osamuyi.
Thirteen ed-tech startups have been selected for this year’s edition of the Mastercard Foundation EdTech Fellowship in Egypt, expanding the programme portfolio to 36 startups supported across three cohorts. Run by EdVentures, the corporate venture capital arm of Nahdet Misr Group, in partnership wit
UAE-based embedded finance startup Comfi has raised $65 million in a Pre-Series A round combining equity and debt as it scales its B2B Buy Now Pay Later platform targeting small and medium-sized enterprises across the Middle East. The equity portion of the round was led by Iliad Partners, with parti
Algebra AI, a United Arab Emirates-based artificial intelligence startup, has raised $7 million from a group of regional and international investors to deliver managed AI services tailored to mid-sized businesses across the Gulf. The company, backed by Infinity Constellation, BECO Capital, Silicon B
TiE Dubai, the regional chapter of global entrepreneurship network The Indus Entrepreneurs, has opened applications for the 2026 edition of its TiE Women MENA Program, aiming to scale women-led startups as investment activity in the region begins to rebound. The initiative, now in its seventh year,
MTN plans to expand into lending across key African markets, including Nigeria, as Africa’s biggest telco seeks regulatory approvals that would allow its fintech arm to offer a broader suite of financial services.
Stakeholders in the Information and Communications technology have expressed concern over the obvious breach of the “Nigeria First Policy” by the Federal Ministry of Communications, Innovation and Digital Economy with certain provisions of its recent agreement with Hello.cv. Hello.cv is a promoter o
Nigeria solved payments. Now it needs to solve power, capital, and AI governance. The DOA Business Series brought together the people building and regulating the digital economy to talk about what comes next.
The move underscores a growing shift towards tokenisation in Nigeria's digital asset sector. Several crypto platforms, including Luno Nigeria, the subsidiary of the UK-based exchange, and Blockchain.com, introduced tokenised stocks in 2025 as they race to bring traditional financial assets onto bloc
Egypt’s Blnk, a fintech company on a mission to enable financial inclusion through rapid point-of-sale financing, has raised US$12.5 million in equity funding and US$24.6 million in local debt facilities to help scale its consumer finance operations. Founded in 2021, Blnk is an AI-enabled digital co
Tayo Akinyemi reports from Katapult Future Fest 2026 on narrative, belonging, and the boundaries of communities seeking to reshape how capital and technology serve people—previewing Capital for Infrastructure, her forthcoming project with Osarumen Osamuyi.
Blnk, an Egyptian financial technology company focused on point-of-sale lending, has raised $37 million in a mix of equity and debt to scale its consumer finance operations in one of the Middle East’s fastest-growing credit markets. The funding includes a $12.5 million Series A equity round led by A
Egypt’s fintech giant MNT-Halan has reached a valuation of $1.4 billion following the first closing of a new investment round led by Al Ahly Capital, the investment arm of the National Bank of Egypt. The transaction was finalized after securing all required regulatory approvals, with a second closin
RemotePass has raised $17.4 million in Series B funding to expand its global payroll and employment platform, as the UAE-founded startup moves into the US and Europe after reaching profitability last year. The round was led by the European Bank for Reconstruction and Development’s venture arm, with
Fintech platform – Yuno, has sealed a strategic partnership with Onafriq, a Pan-African payments network, to bring Africa’s most expansive payments infrastructure to merchants worldwide. Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, ne
