Egypt , officially the Arab Republic of Egypt, is a country spanning the northeast corner of Africa and southwest corner of Asia via the Sinai Peninsula.
SPAYZ.io Expands Into Africa With Local Payment Solutions
SPAYZ.io is entering South Africa, Egypt, and Cameroon as part of its Africa expansion. The digital payments economy in Africa is projected to reach $1.5 trillion by 2030.
Catalyst Partners seals Egypt’s first fintech SPAC deal in $23m Qardy buyout
Catalyst Partners Middle East (CPME) completes Egypt’s first fintech SPAC merger by acquiring Qardy for $23 million. The acquisition of Qardy is executed through a share swap, aligning with CPME’s strategic expansion in digital lending.
Jumia stock rallies 20% on future profit hopes
Jumia's shares increased by 20% in early trading, climbing to $2.82. The company reported a wider operating loss of $18.7 million in Q1 2024, nearly doubling from $8.3 million in the previous year.
BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues
Jumia reported a pre-tax loss of $16.5 million for Q1 2025. Revenue contracted to $36.3 million, a 26% year-over-year decline.
Top African countries for startup funding in 2025: Q2 performance forecast
African startups raised $460 million in Q1 2025, a 5% dip from Q1 2024's $486 million. Kenya, Nigeria, South Africa, and Egypt captured 83% of the total funding.
