
AfricaWorks Insights
June 12, 2025 at 02:25 PM
♻️ South African startup Regenize secured funding from E Squared Investments, marking E Squared’s first venture philanthropy deal. 🤝 Regenize uses a decentralised, community-driven recycling model that integrates informal waste workers and provides free recycling to over 26,000 households. 🚀 The investment will expand Regenize’s recycling hubs nationwide, create 180+ jobs, and scale its impact using patient, catalytic capital.
🌍 COREangels launched a $10M fund for early-stage startups in the Middle East and Africa, focusing on SDG-aligned tech ventures. 💡 Led by Maha Mandour, it blends global investors, local know-how, and hands-on support via an innovation studio. ⚡️ Five fintech startups from over 1,000 applicants just secured up to $150K each at the fund's Cairo investment round.
🏦 Access Bank Plc has acquired National Bank of Kenya to boost its East African footprint and enhance regional banking services. 🌍 With regulatory approvals secured, the deal merges NBK’s local expertise with Access Bank’s global reach, aiming to drive innovation and financial progress in Kenya. 🇰🇪 This move aligns with Access Bank’s wider expansion strategy, now active in 12+ African countries and key global markets.
💳 Fincra secured a Payment Provider license (TPPP) in South Africa via a partnership with Nedbank, enabling direct integration with core banking systems. 🏦 The license allows processing of cards, EFTs, RTC, and rapid payments, boosting reliability and compliance for cross-border transactions. 🌍 This milestone strengthens Fincra’s infrastructure mission, positioning it as a key player in seamless African and global payment flows.
