In Q2, bank interest rates and GDP growth across Egypt, Nigeria, Morocco, Kenya, and Ghana have exhibited varying trends. In Egypt, high interest rates aimed at curbing inflation have posed challenges for borrowing and business expansion, though moderate GDP growth has been sustained by government investments in infrastructure and tourism. Nigeria has seen fluctuating interest…

17 tech startups pulled in over $49.2M in venture capital investments in May 2024. The exact numbers cannot be determined as a number of the investment figures were undisclosed. By comparison, over $69.5M was invested in 14 tech startups all across Africa in April 2024. Fintech remains a constant in the top three and returns…

14 tech startups pulled in over $69.6M in venture capital investments in April 2024. By comparison, over $135M was invested in 18 tech startups in March 2024. The exact numbers cannot be determined as a number of the investment figures were undisclosed. Cleantech overtook Fintech for the first time in both value and volume as…

Overview Based on the metrics representative of our focus countries for October, it seems the momentum from July may have been lost; judging from the minimal updates in Gross Domestic Product (GDP) Growth, Inflation Rates and Unemployment Rates, and maintenance of the status quo in Interest Rates. …

Overview September has maintained the trend set in July by continuing on a steady upward trajectory. Baes on the analysis of the change in Gross Domestic Product (GDP) Growth, Inflation Rate, Interest Rate, and Unemployment Rate in our focus countries, for the most part, things are looking good. …

Overview July marked the beginning of a generally positive outlook for the second half of the year (H2 2023) based on the analysis of the change in Gross Domestic Product (GDP) Growth, Inflation Rate, Interest Rate, and Unemployment Rate in our focus countries over the past month. …