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The Moroccan-based startup Userguest, known for its innovative platform that assists hotels in maximizing their direct revenues, has successfully secured a seed funding round of EUR2.2 million (US$2.4 million). This financial milestone is set to propel the company into a phase of rapid expansion and further development of its product…

Between the years 2020 and 2022, Ecobank Kenya experienced significant financial losses amounting to millions of dollars due to vulnerabilities in its card operations team. These vulnerabilities opened the door for potential fraudulent activities by both merchants and staff members, according to an internal report obtained by TechCabal. The report,…

Sultan Ventures, a venture firm based in the United States, has recently completed the acquisition of Egypt’s Acasia Group, a conglomerate known for its multi-incubator operations and angel investment syndicate. This strategic move marks Sultan Ventures’ entry into the Middle East and Africa (MENA) region, underscoring its dedication to pursuing…

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