Egyptian Fintech MNT-Halan Raises $150 Million in IPO as Shares Surge 18% on Trading Debut
MNT-Halan raised EGP 7.84 billion in its IPO, attracting local and international investors. Shares climbed 18% during the first trading session, increasing from EGP 24.50 to EGP 28.91.
Will H1 2026 cross the $1B mark? Funding hits $887M despite deal slump
Startup funding in Africa for January-April 2026 reached $887 million, up from $803 million in the same period in 2025. The number of deals dropped from 173 in 2025 to only 84 in 2026, indicating a shift towards larger funding rounds.
In Q1 2026, Africa’s Startups Raised More Money Than Ever — But Fewer Companies Are Getting Any
African tech startups raised between $597 million and $711 million in Q1 2026, a significant increase from 2025. The number of funded startups fell 27% compared to Q1 2025, indicating a concentration of capital in fewer companies.
$670m Sango Capital on exporting African tech to global markets
Motorola acquired RapidDeploy, an emergency response platform, in February 2025. Sango Capital successfully helped RapidDeploy expand into the U.S. market.
