WeeTracker
@weetracker
Business, Startups & Tech economy in Africa. A business publication that puts forward The African Context
Egyptians working abroad have just delivered the country’s biggest remittance surge on record—up nearly 70% year-on-year. It's a clear sign of growing confidence, strong ties, and a diaspora stepping up when it matters most. From January to May 2025 alone, USD 15.8 B flowed…
A lot of people across Africa are no longer waiting for the perfect job or promotion — they’re building smart side hustles that actually pay. From content creation to virtual assistance, dropshipping, freelance writing, and even ride-hailing, there are opportunities everywhere…
IFC Bets USD 75M Debt Capital on Egypt’s First Grid Battery Egypt just hit a milestone in its clean energy journey—and IFC is helping push it over the line. IFC - International Finance Corporation has committed USD 72 M to finance the country’s first utility-scale battery…
Nigeria has partnered with S&P Global Commodity Insights to develop a regional pricing benchmark for refined petroleum products in West Africa, the country's downstream regulator said on Tuesday. reuters.com/sustainability…
The UK government has announced plans to cut foreign aid spending by 40%, with support for children’s education and women’s health in Africa facing the biggest reductions. bbc.in/4f4mMSA
Rather than wait for formal jobs, young Nigerians are building livelihoods in the informal economy by choice, not default. They want it to be more secure, more productive, and truly decent. go.acumen.org/46wLjxd
54 Collective went from backing 70+ startups and creating 17,000 jobs to being dragged into court, accused of misusing charitable funds, and ordered to shut down. All over an unapproved USD 689 K rebrand. Now, millions are frozen, the leadership is under fire, and Africa’s…
Egypt's Tactful AI is back in the hands of its original founders after parting ways with European telecom group Dstny. The Egypt-born startup was first acquired in 2022 as part of Dstny’s expansion into AI-powered customer experience tech. Now, co-founders Mohamed El-Masry and…
Calling all remote workers: Are you tired staring at the same four walls as you try to crush those deadlines? 😩 Well, imagine planning strategy with a view of the pyramids, or strategising beside Table Mountain! 🤩 The digital nomad lifestyle is booming, offering the freedom to…
💰 Mobile money was Africa’s wallet. Now it’s becoming the piggy bank too. First, Africans used mobile money to send and spend. Now? They’re stacking. New World Bank data shows that in 2024, 1 in 3 adults in sub-Saharan Africa saved through a formal financial service, up from…
The @AfDB_Group has approved $400K in grants to deepen #Ethiopia’s capital markets. The grant will advance infrastructure development at @EthiopianCMA and support the @ESXEthiopia to diversify product offerings: bit.ly/4nuERNs #AfDBinEthiopia
👏 @Proparco is proud to to announce a landmark equity investment of $50 million in Helios Sports and Entertainment Group with @IFC_org ✔️ This investment aims to accelerate job creation in Africa’s thriving sports and creative industries. 🔗proparco.fr/en/news/ifc-an…
Your job as a startup founder is to learn how to move from one set back to another without losing any enthusiasm.
On Nigeria’s bustling on-demand delivery scene, speed was the edge. Now, one of the startups that truly hacked speed, Chowdeck is making its biggest bet yet. And it’s not about getting meals to your door any faster. It’s about owning the table, or at least having a seat at the…
Africa’s Private Equity Weekly Pulse – WT 🌍⚡️ It was a POWER-packed week in African private capital. Energy stole the spotlight — from mega solar in Egypt to mini-grid bets in Madagascar.☀️🔌 But private equity (PE) and DFIs didn’t stop there. They also backed education and…
On May 26, a quiet letter reached Kenya’s competition watchdog. The sender? I.C. Law LLP on behalf of Cytonn’s CEO. The message? Safaricom is gaming the system. The complaint: Ziidi, Safaricom’s new money market fund, enjoys zero-rated M-PESA transactions, while every other…
For someone who had to walk away having watched OPay execs take away credit (and even stock options) he’d earned, it's fair to say Ridwan Olalere struck quite the comeback with LemFi. And, apparently, it's about to get even more ballsy. Today, having shaken hands in May, word…
