Public debt in Nigeria rose to N142.3 trillion in Q3 2024, reflecting a 5.97% increase due to naira depreciation and higher domestic borrowing. This report delves into the key drivers, debt components, and implications for the nation’s fiscal health.
MoneyHash, an Egyptian fintech innovator, has secured $5.2 million in pre-Series A funding to expand its operations across the MENA region. By offering a unified API that simplifies payment management for businesses, the startup is addressing the challenges of fragmented payment systems. With backing from prominent investors, MoneyHash is poised to revolutionize how merchants streamline payments and combat fraud.
Healthtech startups are redefining healthcare in Africa, addressing critical challenges and improving access to medical services. With increasing mobile penetration enabling telemedicine and e-health solutions, companies like Helium Health and mPharma are bridging gaps in underserved regions.
South African insurtech company Naked has raised $38 million in a Series B2 funding round led by BlueOrchard, with strong support from existing investors like Hollard and the IFC.
Billionaires worth a staggering $1.2 trillion, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, attended Donald Trump’s inauguration, underscoring the event’s high-profile allure.
