Making the newsAfrica crowns a new unicorn with MNT-Halan’s $400M USD raise “The round includes $260 million in equity financing and $140 million through two securitized bond issuances secured within the past year, investments that will now see MNT-Halan command a post-money valuation of about $1 billion.” Learn more. Startup & Funding Activity  Egypt – Fintech unicorn, MNT-Halan, raises $400M USD hybrid equity and debt funding round as the company readies plans for international expansion
 Kenya – Internet startup, Mawingu Networks, raises $9M USD in equity funding to fuel the company’s expansion
Kenya – Lending startup, MyCredit, receives $2.6M USD loan from Oikocredit to help provide loans to SME’s  Nigeria – Fintech startup, Trade Lenda, raises $520K USD pre-seed funding round to build product to provide financing to SME’s
 South Africa – Digital lending platform, Lulalend, raises $35M USD as the startup launches digital banking product
South Africa – Digital payment company, Network International, announces plans to host its cloud-based payment system in SA with ~$29M USD investment South Africa – Data center company, Teraco Data Environments, raises $680M USD to expand its solar capacity and refinance its current centers South Africa – Fintech startup, Yellow, raises $5M USD loan from social impact invester Oikocredit to provide renewable solar on a PayGo model Investor ActivityPrivate Equity firm, Convergence Partners, raises $296M USD to invest in African technology assets Featured Article“The performance of the African fintech sector in 2022 was unusual,” Tidjane Dème, General Partner at Partech – Daniel Adeyemi in Techcabal “Over a conversation with Dème, we took a closer look at the numbers as he explained why funding increased in 2022 despite the economic downturn, the rationale behind the reduction in funding in the fintech sector, whether the increase of funding in the cleantech sector is a fluke and his forecast for 2023.” Continue reading. | 
