Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]
Following the verbal blunders uttered by Algerian Foreign Minister, Abdelkader Messahel, who blatantly accused Moroccan banks of laundering cannabis money in Africa, the Professional Grouping of Moroccan Banks (GPBM) released a statement rejecting such accusations as “hateful and irresponsible”. The diatribe against Morocco that the Algerian Foreign Minister shamefully made during a meeting at the […]
The Central Bank of Libya (CBL) and its Tunisian counterpart BCT have inked a Memorandum of Understanding (MoU) for cooperation in many areas including fintech, Libya Herald reports. The MoU, according to the CBL, provides for the transfer of experience of Tunisia’s Central Bank in the field of developing financial transactions (Fintech), and the […]
