Newsletter Subscribe
Enter your email address below and subscribe to our newsletter
Top Stories
Share your love
Ventures Platform closes Fund II at $84M amid global venture slowdown
Ventures Platform, Africa’s leading seed-stage fund, has announced the final close of its second institutional fund – VP Pan-African Fund II (VP PAF II)– at $84 million, exceeding its original target of $75 million. Achieved just three years after the…
MTN Group advances Africa’s AI-ready digital infrastructure ecosystem through strategic partnership
Artificial intelligence is reshaping industries, economies and societies at an unprecedented speed. As demand for cloud computing, AI workloads and data-intensive digital services accelerates, access to resilient, scalable and locally hosted digital infrastructure will become increasingly critical to Africa’s competitiveness…
Kenya Built a Currency Control While It May Not Need One
EBC Financial Group notes that Kenya’s new virtual asset regulations created a restriction on local access to foreign dollar-linked stablecoins before the shilling came under pressure, giving the Central Bank of Kenya a way to limit that access if demand…
Syria marks first international card transaction in more than 15 years with Mastercard and QNB Group
Mastercard, QNB Group have processed Syria’s first international card payment in more than 15 years, marking an important milestone in the modernization of Syria’s payments ecosystem. Following the technical reconnection of Syria’s payments ecosystem to Mastercard’s global network, QNB Syria…
Pick n Pay asap! brings social commerce to grocery shopping with new SA-first feature
Pick n Pay asap! is bringing social commerce to grocery shopping in South Africa with the launch of Pick n Pay Inspire, a new shoppable video feed built directly into the Pick n Pay asap! app. A first for a…
My AI Lawyer puts affordable legal advice in your pocket
My AI Lawyer has launched in South Africa, offering an affordable artificial intelligence legal advisor you can access online and at any time. Available on the web and via WhatsApp, the platform provides you with practical, on-demand guidance on everyday…
WSO2 Opens First Africa-Based Office in Johannesburg, Deepening Investment in the Continent’s Modernization
WSO2, a leader in enterprise digital infrastructure technology, today announced the opening of its first Africa-based office in Johannesburg, South Africa, underscoring the continent’s growing importance to the company’s global business. The investment comes as governments, banks, telecommunications providers, and…
AI Hardware Boom Creates $12.4 Trillion S&P 500 Powerhouse
Artificial intelligence may be best known for chatbots and large language models, but a growing share of the value being created by the AI boom is sitting much deeper in the technology stack. A new analysis by investment research platform…
South Africa: WhatsApp-based workforce management platform raises $8.4m
Jem, the WhatsApp-based workforce management platform for deskless teams, has raised an $8.4m Series A funding round led by global fintech investor Quona Capital. The investment will support Jem’s ongoing growth from an HR and benefits provider into a comprehensive…
Afriex Strengthens Global Payments Infrastructure with Global Innovations Bank Partnership
Afriex (), the cross-border payments infrastructure company processing more than $600 million in annual payment volume, today announced a new sponsor and settlement banking partnership with Global Innovations Bank (GIB). The relationship strengthens the banking infrastructure behind Afriex’s B2B PaymentsAPI,…
100 Standard Bank Branches Now Offer Smart ID Services Nationwide
Standard Bank has expanded its Smart ID service network to 100 branches across South Africa, marking a major milestone in its partnership with the Department of Home Affairs (DHA) and improving access to identity services in rural and underserved communities.…
New Digital Platform Maps Kenya’s Innovation and Startup Ecosystem
A new independent digital intelligence platform has launched to provide a consolidated view of Kenya’s rapidly evolving innovation ecosystem, bringing together information on startups, investors, government initiatives, funding activity, policy developments and ecosystem trends. The Kenya Innovation Ecosystem Intelligence Platform…
Moove becomes Africa’s latest unicorn with $2.1bn valuation
African-founded mobility company and Endeavor entrepreneur Moove has become the continent’s latest unicorn (valued above $1 billion). This follows a $250 million Series C investment, valuing the company at $2.1 billion. Founded in Nigeria in 2020, Moove provides vehicle financing…
NiYA, Cascador Partner to Back Nigeria’s Next Generation of Startup Founders
The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with entrepreneurship platform Cascador to support early-stage Nigerian founders with business training, mentorship and access to non-dilutive funding. The partnership will launch the NiYA ×…
Absa Deploys AI to Speed Up Debt Review Process
Absa has deployed an artificial intelligence and Optical Character Recognition (OCR) solution within its Debt Review operations, cutting document-processing times and reducing the amount of manual work required from employees. Since the system went live in late June, the bank…
Clea Launches Vendor Payments to Simplify International Supplier Payments
Clea, the stablecoin-powered cross-border payments platform helping African businesses trade globally, has launched Vendor Payments, a new capability that enables businesses to simplify payments to international suppliers, auction platforms and shipping companies directly through the platform. Clea surpassed $20 million…
