This week on Startup Researcher Africa: Microsoft backs Egypt’s AI talent push, GetEquity hits profitability with a debt-focused pivot, and Lori Systems raises $2 million after a sharp valuation reset. Plug in for the week’s data-led rundown:
Top Headlines
- Microsoft and Egypt’s ICT Ministry to train 100 000 nationals under the National AI Strategy.
- GetEquity turns profitable by switching from equity rounds to local debt investments.
- Attijariwafa Bank teams with Kiwi Collecte to launch regulated crowdfunding in Morocco.
- Ghana taps Zipline drones to secure medical supply chains after USAID cuts.
- Flutterwave joins Circle’s USDC network for faster, cheaper cross-border payments.
Funding News
- Lori Systems secures $2 million at a $5 million valuation, focusing on profitability and new financing models.
- DigiSquad gains undisclosed Crossfin backing to scale its cloud payments stack across underserved markets.
Investor & Ecosystem Moves
- Mastercard Foundation Africa Growth Fund partners with Capital Connect Africa to improve capital access for MSMEs.
Spotlight
- Startup of the Week: GetEquity – Nigerian fintech pivoting to commercial paper deals and targeting $1 million ARR.
- Investor of the Week: Mastercard Foundation Africa Growth Fund – $200 million fund-of-funds empowering African SMEs.
Opportunity Radar
- FINCA Ventures Prize – apply by 15 May 2025 for grants in climate-smart agriculture and fintech inclusion.
Hit play for a crisp, fact-rich tour of Africa’s startup and VC landscape.