
Egyptian Fintech Startup enza Raises $6.75 Million to Expand Payment Services Across Africa
Egyptian startup enza has secured $6.75 million in seed funding to expand its digital payment services across Africa.
The Empower Africa Business Platform is Now Live !!!
Africa is far larger than most maps suggest. From landmass to population, the continent’s true scale has been hidden in plain sight.
Understanding the real size of Africa is not just a geographic correction; it’s a strategic reset for business leaders planning investment, expansion, and innovation across the continent.
For centuries, the Mercator projection has been the default in classrooms, offices, and even global business reports.
It preserves direction, useful for navigation, but distorts land area. Regions closer to the poles look bigger, while equatorial regions—like Africa—shrink.
This is why Greenland appears comparable to Africa on many maps, despite Africa being about 14 times larger.
Europe, often perceived as roughly the same size, is in fact less than one-third of Africa’s land area.
The African Union recently backed the “Correct the Map” campaign, urging schools and institutions to adopt Equal Earth, an equal-area projection that shows Africa’s true scale.
This is not just about representation—it’s about correcting decades of visual bias that shape perception and, by extension, business strategy.
So How Big is Africa, Really?
When seen on an equal-area projection, Africa’s true dimensions become clear—and they challenge long-held assumptions about global balance.
Visual reality: Africa is the second-largest continent after Asia. Yet on distorted maps, it often appears dwarfed by North America or comparable to Europe—both far smaller.
Demographic reality: Africa is already the second most populous continent and will account for more than half of global population growth between now and 2050.
Implication: Africa’s youth bulge represents a future labor force and consumer base unmatched elsewhere.
Trade reality: Africa lags far behind, but this is why AfCFTA matters—closing even part of this gap could transform competitiveness.
Connectivity reality: Africa is digitally behind, but its adoption curve is the steepest, especially via mobile-first innovations.
For decades, Africa has been viewed through a distorted lens—literally and figuratively.
The result has been chronic underestimation of the continent’s scale, complexity, and opportunity.
As seen above, the reality is different. Africa is vast—larger than North America, Europe, and China combined.
It is the second most populous continent, home to the world’s youngest demographic, and a market whose demand will shape global consumption patterns in the decades ahead.
It also contains 60% of the world’s best solar resources, 60% of uncultivated arable land, and increasingly competitive urban hubs. These are not abstract statistics; they are the building blocks of a new growth frontier.
Yet size alone is not enough. Africa’s intra-regional trade is still only a fraction of global benchmarks, digital penetration lags behind the world average, and logistics bottlenecks remain real.
This is why initiatives like the African Continental Free Trade Area (AfCFTA), accelerated digital infrastructure, and renewable energy investments are so critical—they are the levers that can convert Africa’s latent size into actual, scalable opportunity.
Egyptian startup enza has secured $6.75 million in seed funding to expand its digital payment services across Africa.
EchoVC, a leading pan-African venture capital firm dedicated to empowering underrepresented founders and underserved markets, has announced the launch of its latest pre-seed fund, EchoVC Eco Pilot Fund I.
Egyptian healthtech company i’SUPPLY has secured an undisclosed amount of funding in a pre-Series A round to fuel its expansion plans and bolster its offerings for small and medium-sized pharmacies.