Author: Staff Writer

South African biotech rising star Immobazyme has raised an additional R25 million ($1.46 million) in fresh funding, doubling its total capital secured to R50 million ($2.9 million) and signalling its transition from a high-potential university spin-out into one of Africa’s most commercially advanced biologics manufacturers. The round was led by…

South African agritech startup SwiftVEE has secured R173 million ($10.1 million) in a major Series A funding round, marking a defining moment in its evolution from a livestock auction disruptor to a fully integrated digital agrifinance platform. The round was co-led by HAVAÍC and Exeo Capital, with participation from existing…

NBA Africa has announced the 10 startup finalists for the second edition of its Triple-Double Accelerator, a program designed to elevate early-stage African innovators building solutions across sports and the creative economy. The finalists — selected from more than 700 applications spanning five countries — will pitch to an international…

Kenya has accelerated its state-asset sale programme with the decision to sell a 15% stake in Safaricom—its biggest and most profitable company—to South Africa’s Vodacom Group. The transaction, valued at KES 34 per share, is worth approximately $1.6–$2.1 billion depending on the final structure, and marks one of the most…

Chowdeck, one of West Africa’s fastest-growing food delivery platforms, announced that it recorded its strongest performance to date during this year’s Black Friday campaign, processing more than 183,000 orders across Nigeria and Ghana and setting a new company record of 52,000 orders in a single day. The company had entered…

Edo State has recorded a major economic milestone with the announcement of a $100 million Foreign Direct Investment (FDI) into Presco Plc, one of Nigeria’s leading integrated palm oil producers. The investment, made by Belgian agro-industrial powerhouse SIAT NV, represents the first tranche of a sweeping $1 billion commitment the…

Eventbrite, once the poster child of Silicon Valley’s booming “experience economy,” is set to disappear from the public markets after agreeing to a $500 million all-cash acquisition by Milan-based Bending Spoons. The deal, expected to close in the first half of 2026, values Eventbrite at a fraction of the $1.76…

Nigeria is preparing for the most consequential reset of its cash policies in more than a decade, a recalibration that will touch everyone from small-market traders to multinationals, fintechs, and the banks that still form the backbone of Africa’s largest economy. In a new circular released on December 2, 2025,…

After building strong operations in Egypt, Saudi Arabia, and the UAE, Taager is setting its sights on North Africa with the official launch of its services in Morocco. The expansion marks a major step forward for the Cairo-born startup as it works toward its long-term goal of democratizing access to…

AI has transformed the online world and changed the face of online cybersecurity. For many online businesses, cybersecurity is evolving fast so that AI can be utilized more to defend websites and data but it’s also worth knowing exactly how AI can be used to defeat AI threats and help…

In 2025, talking about a crypto exchange without talking about derivatives trading is only seeing half the picture. Derivatives are no longer a niche for a few specialists. They are where much of the price action for BTC, ETH, memecoins, and narratives like AI or L2 infrastructure is decided. Anyone…

The U.S. Department of State is partnering with Zipline, the American robotics company running the world’s largest autonomous delivery network, in a deal that aims to transform access to medical supplies across Africa. The agreement will provide up to $150 million in performance-based financing to scale Zipline’s life-saving drone logistics…

Egyptian HRtech startup bluworks has raised $1 million in seed funding, marking another major step in its mission to digitise blue-collar workforce management across Africa and the Middle East. The seed round was led by A15, Enza Capital, Beltone Venture Capital, and Acasia Ventures, alongside several strategic angel investors, underscoring…

Africa’s entrepreneurial community is gearing up for one of the continent’s most anticipated innovation events. Africa’s Business Heroes (ABH) — the flagship philanthropic initiative of Alibaba Philanthropy — has announced that the 7th ABH Summit and Grand Finale will take place in Kigali, Rwanda, from 12–13 December 2025, in partnership…

Paystack has announced a new integration with Xero—made possible through Stripe—in a move expected to significantly improve how small businesses in South Africa send invoices, accept payments, and manage their finances. The partnership brings together one of Africa’s most trusted payment gateways and one of the world’s leading small-business accounting…

As the content industry rapidly evolves, AI-generated text has become a standard part of everyday workflows. Marketers, agencies, publishers, educators, and freelance writers increasingly rely on AI tools for speed and efficiency. But as AI expands, so does the demand for content that sounds authentic, relatable, and unmistakably human. This…

For many years, schools and small businesses across Africa have struggled to access loans that truly work for them. Even when funding is available, it often comes with a hidden danger: the loans are priced in US dollars, while most schools earn their money in local currency. This means that…

Zenith Bank Plc is accelerating its pan-African expansion strategy with plans to acquire Kenya’s Paramount Bank, marking the Nigerian lender’s first entry into the East African banking landscape. The proposed deal, currently undergoing regulatory scrutiny in both Nigeria and Kenya, is expected to be finalized by January 2026, according to…

Nigeria’s Dangote Group is returning to Zimbabwe in a big way, with founder Aliko Dangote announcing plans to invest at least $1 billion across cement, energy and fuel infrastructure. The move marks one of the most significant African-to-African investment pledges Zimbabwe has seen in recent years and underscores how regional…

Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has taken a decisive step to rein in the country’s fast-growing digital lending sector, issuing a directive that all online lenders must fully comply with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 by January 5, 2026. The announcement marks…