The Baobab Network

8/30 The Baobab Network Report_Alerzo’s $10.5m Series A




This week, Central Bank of Nigeria’s decision to freeze the bank accounts of a number of leading FinTechs is introduced.

Also the news that, the soon-to-be mobility unicorn from Egypt, Swvl, may enter the Spanish market by acquiring Shotl, an on-demand shuttle booking platform, OPay, a Nigerian mobile payments platform, has announced a $400 million USD funding round led by SoftBank, and so on are introduced.


The news report is filled with exciting local African information. Please enjoy!


Source: The Baobab Network Ltd,