18 June 2025
- Kenya has taken a step toward modernizing its financial infrastructure by extending the operating hours of its Real-Time Gross Settlement (RTGS) system, the Kenya Electronic Payment and Settlement System (KEPSS). Beginning July 1, 2025, KEPSS will…
18 June 2025
- Hizo, a Nigerian-founded fintech startup, has secured $100,000 in seed funding through a Friends and Family round that officially closed on June 4, 2025. The round, led by a prominent local angel investor, will support Hizo’s mission to streamline…
18 June 2025
- Genetec, a global leader in physical security software, recently hosted its first security symposium in Nairobi as part of its push to strengthen its partner network and expand access to unified and intelligent security solutions across East Africa.…
18 June 2025
- Elon Musk’s AI company xAI is in the middle of a spending spree that’s pushing the outer limits of even Silicon Valley’s tolerance for burn. At $1 billion a month, the startup is bleeding cash faster than any of Musk’s previous ventures—and faster than…
18 June 2025
- For many migrants, arriving in a new country means starting from zero—no local credit history, no access to loans, and limited ways to build financial trust. Nigeria-founded LemFi, a fast-growing fintech known for helping migrants send money home,…
18 June 2025
- When you think of Transsion, you probably think of Tecno, Infinix, and itel — the smartphone brands that dominate Africa’s streets and shelves. But now, the Chinese electronics giant is shifting gears. Literally. With its TankVolt e-bikes, Transsion is…
17 June 2025
- Cairo-based fintech startup Octane has secured $5.2 million in a funding round led by Shorooq Partners, Algebra Ventures, and Elsewedy Capital Holding. Founded in 2022, Octane provides a digital payments and analytics platform designed specifically for…
17 June 2025
- Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, today publishes its Sustainability Report 2025, reaffirming its corporate purpose of transforming lives by expanding access to essential…
17 June 2025
- Logidoo, the pan-African logistics and cross-border trade platform, officially announces the extension of its Casablanca–Dakar corridor to Belgium, creating a vital new logistics route connecting Europe, North Africa, and West Africa. Through a…
17 June 2025
- If you say “MJ,” most people think of Michael Jackson or Michael Jordan, depending on your playlist or your sneaker collection. But if you’re Kenyan, there’s another MJ who comes to mind: Michael Joseph, the man who helped turn a state telco into a pan…
17 June 2025
- When Meta announced the rollout of WhatsApp Status ads, it signaled more than just a new revenue stream. It marked a significant shift in the platform’s long-held promise: that messaging would remain private, personal, and untouched by the noise of…
17 June 2025
- Equity Bank has once again claimed the top spot as Kenya’s most valuable brand, maintaining its position for the second consecutive year, according to the 2025 Brand Finance rankings. The banking giant’s brand value rose by 8% to KES71.3 billion,…
16 June 2025
- MyNextCar (MNC), a major fleet provider for Bolt in South Africa, has secured $10 million in its first institutional funding round—capital that could transform the country’s affordable ride-hailing market. The round was led by London-based Emso Asset…
16 June 2025
- A June 9 report from the Net Zero Tracker initiative has raised alarms, warning that over 500,000 jobs in South Africa are at risk as wealthy nations move to implement carbon border taxes in the coming years. The report, titled “Carbon Competitiveness…
16 June 2025
- South African tech academy WeThinkCode has received a $2 million grant from Google.org, enabling it to broaden its artificial intelligence (AI) training programs. This funding will support the training of 12,000 learners across South Africa and Kenya,…
15 June 2025
- Apple kicked off its annual Worldwide Developers Conference (WWDC) with a series of announcements highlighting significant advancements in software design and artificial intelligence. Apple introduced Apple Intelligence, a suite of AI features…
15 June 2025
- Zero Carbon Charge, a pioneering South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has secured a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern…
15 June 2025
- Senegalese e-health startup KERA Health Platforms has raised US$10 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group. This investment aims to bolster KERA’s AI-powered platform, which connects…
15 June 2025
- South African agri-tech startup Nile has successfully raised ZAR 200 million (approximately $11.3 million USD) in a funding round aimed at expanding its digital marketplace and enhancing access to financing for farmers across Southern Africa. Founded…
15 June 2025
- DHL Group has announced plans to invest approximately €500 million (US$575 million) over the next five years to enhance its healthcare and logistics infrastructure across Africa and the Middle East.This strategic investment aligns with DHL’s commitment…
15 June 2025
- Qualcomm has announced the 10 startups selected for its 2025 ‘Make in Africa’ Startup Mentorship Program, part of the Qualcomm Africa Innovation Platform. This equity-free initiative, now in its third year, aims to support early-stage deep-tech…
15 June 2025
- Nigerian clean energy startup Salpha Energy has secured a $1.3 million investment from All On, a Shell-backed impact investor, to scale its local solar assembly operations and broaden access to affordable, reliable solar power in underserved…
15 June 2025
- Innovative Kenyan startups with high-impact business models are invited to apply for the ninth cohort of the develoPPP Ventures program. This initiative offers €100,000 (approximately $113,000 USD) in non-dilutive funding, along with tailored technical…
15 June 2025
- COREangels MEA, in collaboration with PTS Holdings and the Arab Academy for Science, Technology and Maritime Transport (AAST), has introduced a $10 million investment fund aimed at supporting early-stage technology startups across the Middle East and…
15 June 2025
- Elon Musk’s neurotechnology company, Neuralink, has successfully raised $650 million in its Series E funding round. The investment will support the company’s efforts to expand patient access and develop new devices that enhance the connection between…
15 June 2025
- MaxAB‑Wasoko, the leading pan‑African retail e‑commerce and supply‑chain super‑app, has announced the acquisition of Egypt‑based B2B marketplace Fatura from EFG Finance, marking a key milestone in its mission to unify and digitally empower informal…
15 June 2025
- Sylndr, Egypt’s leading online used-car platform, has secured US $15.7 million in a Series A equity funding round, led by Development Partners International’s (DPI) Nclude Fund, with participation from Algebra Ventures, Nuwa Capital, Raed Ventures,…
15 June 2025
- AURA, the South African-born emergency-response technology platform, has secured a €13.5 million (US $15.1 million) Series B funding round to fuel its expansion into the U.S. and build a global dispatch “clearing house” for rapid life‑saving services…
15 June 2025
- BURN, Africa’s leading clean cookstove manufacturer, distributor, and carbon project developer, has secured a US $5 million investment from ElectriFI—the EU-funded Electrification Financing Initiative managed by EDFI Management Company—to accelerate…
15 June 2025
- The European Investment Bank’s development arm, EIB Global, has joined forces with Kenya’s Family Bank to mobilize a combined €100 million (approx. US $111 million) credit facility aimed at boosting small and medium-sized enterprises (SMEs), with a…
15 June 2025
- Egyptian B2B medtech platform i’SUPPLY has secured a US $3 million Sharia-compliant, revenue-based revolving financing facility provided by Bokra, a Cairo‑based fintech fund. This capital infusion will support the startup’s mission to modernize…
15 June 2025
- Sierra Leone, where broadband penetration hovers around just 21%, is preparing to make a major leap this time with sustainability in mind. The country is set to roll out its first 5G network, but unlike many others, it won’t be driven by fuel-heavy…
15 June 2025
- A new entry has quietly appeared on Morocco’s commercial registry: Tesla Morocco SARL. Based in the sun-drenched Marina district of Casablanca with views of the Atlantic, the company launched with an initial capital of 27.5 million dirhams (~$2.75…
13 June 2025
- As of mid-2025, 38% of Rwanda’s population is now online, aligning with Africa’s average internet penetration rate, according to new data from the International Telecommunication Union (ITU). This marks a rise from 34% in 2024 and serves as a key…
13 June 2025
- Between January and May 2025, African startups secured a total of $1 billion in funding — a 40% rise from the same timeframe in 2024. Startup funding in Africa started strong in January 2025 with $289 million raised. However, the pace slowed in the…
13 June 2025
- As Kenya’s digital economy matures, cybercriminals are taking notice and targeting businesses across the country, with significant financial consequences. In April 2024, Equity Bank faced a significant cyber incident resulting in Sh179 million ($ 1.3…
13 June 2025
- Charles Antwi-Boahen shares some of the key business lessons he has learned over the past decade.
13 June 2025
- As leaders, we can’t stop thinking about KPIs, balance sheets, and performance measures. But how often do we look at something far more basic, like our health and the health of our teams, with the same amount of detail? We push ourselves to work at…
13 June 2025
- Just two years ago, Meta was riding high on its LLaMA models—open-source breakthroughs that positioned the company as a counterforce to the secrecy of OpenAI and Google. The Meta AI brain drain, however, is an issue. But in 2025, Meta’s AI glow has…
12 June 2025
- GOODsoil VC, an early-stage venture capital firm based in Ghana, has officially completed the full deployment of its flagship $67.5 million fund, marking the conclusion of one of Ghana’s most prominent VC operations. The firm has confirmed that it will…
12 June 2025
- Across the turquoise expanse of the Atlantic, beyond the maze of Lagos traffic and the hum of its concrete sprawl, a new silhouette emerges on the eastern edge of the city. It is not simply another tower or block of flats. It is a new kind of city—…
12 June 2025
- Lagos, Nigeria, despite being home to five tech unicorns and ranking as Africa’s leading startup ecosystem, remains one of the lowest-paying hubs for software developers globally, even within Africa. A recent report from Startup Genome has shed light…
12 June 2025
- Epson is marking 50 years since the launch of its brand, tracing a path from the development of the world’s first compact digital printer in 1975 to a diverse portfolio of printing, projection, and automation technologies used globally today. Rooted in…
12 June 2025
- Africa’s journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide affordable finance. Yes, international aid and donor funding still play a role. But for the continent to…
12 June 2025
- SeamlessHR, Africa’s leading human resource technology company, and the Kenya Private Sector Alliance (KEPSA) brought together over 100 CEOs and managing directors from Kenya’s private sector for a high-level roundtable focused on the future of work…
12 June 2025
- Binance and the Virtual Assets Chamber (VAC) have reaffirmed their commitment to fostering inclusive, innovation-led crypto regulation in Kenya. Speaking at a media briefing in Nairobi this week, the two organizations praised the progress made through…
12 June 2025
- The latest report on Global Economic Prospects states that, while a modest economic rebound is expected in 2025, GDP growth is forecast to increase slightly to 3.7% in Sub-Saharan Africa. While the headline figure remains below the region’s long-term…
12 June 2025
- Chinese electric vehicle giant BYD is charging ahead with a bold expansion strategy in South Africa. Less than two years after entering the market, BYD expands in South Africa with plans to grow its dealership network from 11 to 35 locations by next…
12 June 2025
- The Kenya 2025 Finance Bill cuts offered a dramatic change to the government’s fiscal strategy after the violent youth demonstrations last year. The aggressive tax hikes proposed in 2024 generated protests across the country, mostly led by Gen Z, which…
12 June 2025
- As Kenya prepares to roll out its Sh4.24 trillion national budget for the 2025/26 fiscal year, the government is placing a strategic bet on a high-profile divestment: the Safaricom stake sale. With limited space for additional taxes and a decline in…
