Money and Finance

Alt School

AltSchool Africa’s Initiatives Receive a $30 Million Technology Fund

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Africa Investment Forum Made $34.82 Billion in Investment Interest

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$300,000 research funding granted to Wits University for Digital Transformation studies.

Jobjack

JOBJACK, a recruitment startup, secures $2.5 million in funding to tackle unemployment.

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Despite financial constraints, African startups secure $156.2 million in funding in October.

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Emerging Africa Infrastructure Fund dedicates XOF $48 million for Asset-Backed Security in West Africa.

Mnt Halan Talabeyah

MNT-Halan in Egypt secures a $130 million securitization, bringing its total funding for 2023 to over $400 million.

Interswitch

Interswitch faces $38 million in losses attributed to chargeback fraud.

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Black business owners receive $25,000 grants to aid expansion efforts.

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African e-commerce earnings are expected to reach $59.18 billion by 2027, with a 10.4% annual growth rate.