Author: Staff Writer

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…

Spotify is rolling out one of its biggest subscription shake-ups in years, and South Africa is one of only five markets globally chosen for the new tiered Premium structure. The move signals how important the country has become to the streaming giant’s African ambitions — and how the company is…

Nigeria is intensifying its efforts to regulate and tax income earned in the digital economy, as the Federal Government confirms it now receives financial and asset data on Nigerians from more than 100 countries. The update, delivered by Taiwo Oyedele, Chair of the Presidential Committee on Fiscal Policy and Tax…

Y Combinator-backed fintech startup Moni has officially rebranded as Rank, marking a bold new chapter in its evolution from a community lending platform into a regulated digital financial institution. The transformation follows its acquisition of AjoMoney, a group savings platform, and Zazzau Microfinance Bank (MFB), giving Rank the infrastructure and…

Rack Centre, West Africa’s premier Tier III carrier and cloud-neutral data centre, has announced the launch of EdgeNext’s Content Delivery Network (CDN) and cloud hosting services in Nigeria. The deployment, hosted at Rack Centre’s advanced Lagos facility, marks a pivotal step in strengthening Africa’s internet infrastructure and expanding the region’s…

Equinix, one of the world’s leading digital infrastructure company, has announced plans to build a new $22 million data center in Lagos, Nigeria — its first newly constructed facility in West Africa. The new site, named LG3, represents the first phase of a broader $100 million Africa investment plan aimed…

Morocco- and Uganda-based venture capital firm First Circle Capital has received a fresh US$6 million injection from the International Finance Corporation (IFC), part of the World Bank Group, to deepen its backing of early-stage fintech startups across Africa. The capital will fuel First Circle’s strategy of investing in high-growth pre-seed…

Ventures Platform is doubling down on Africa’s tech future with fresh firepower. The Lagos-based early-stage investor has announced the first close of its new VP Pan-African Fund II (PAF II), securing $64 million towards a targeted final size of $75 million. The fund is designed to go beyond traditional seed…

AXIAN Telecom’s fibre subsidiary, Yas, has moved to deepen its footprint in East Africa’s broadband market with the acquisition of almost all of Wananchi Group, one of the region’s most established fixed internet and enterprise connectivity players. AXIAN Telecom Fibre Ltd, which trades as Yas, has completed the purchase of…

M‑KOPA’s Nigerian arm announced that it has reached the milestone of 1 million customers, marking the fastest growth of any country in the company’s footprint. According to a statement released by the company, the achievement was supported by its full-time workforce expanding from approximately 60 employees in 2020 to more…

Paris- and Tunis-based agritech company nextProtein has raised €18 million ($20.7 million) in a Series B funding round aimed at scaling its insect-based protein operations. The round was co-led by Swen Capital’s Blue Ocean Fund and British International Investment (BII), the UK’s development finance institution, and includes €4 million in…

Mukuru, one of Africa’s leading next-generation financial services platforms, has teamed up with JUMO, an AI-driven banking technology provider, to launch Fast Loan — a new mobile-first credit solution designed to provide fair, transparent, and responsible lending for millions of underserved customers in South Africa. According to TransUnion, nearly 16.8…

FroggyTalk, a fast-rising communication platform built for Africans in the diaspora, has raised €300,000 in seed funding, marking a significant milestone in its young but ambitious journey. The round was led by the SI3 Fund of Shaping Impact Group, a Belgium-based impact-focused investment firm, and will help FroggyTalk scale its…

OpenAI has entered a landmark $38 billion, multi-year partnership with Amazon Web Services (AWS) to power the next wave of artificial intelligence, marking one of the largest cloud infrastructure deals in tech history. The agreement will see OpenAI rely on AWS’s global network of data centers and Amazon EC2 UltraServers,…

Nigerian food delivery platform Chowdeck has crossed one million customer orders in a single month, cementing its position as one of West Africa’s fastest-growing digital delivery services. The milestone, achieved in October, marks a new growth phase for the YC-backed startup, which has rapidly expanded across major Nigerian cities and…

KCB Bank Group has acquired a minority stake in Pesapal, a leading payment service provider in East Africa, marking the bank’s second major fintech investment in 2025. The transaction follows KCB’s $15.4 million acquisition of a 75% stake in Riverbank Solutions in March 2025. Pesapal provides a range of digital…

For traders seeking to stay one step ahead of market volatility, timing is everything. Prices rise and fall not only because of global events or investor sentiment but also due to one predictable factor: corporate earnings. When companies report their quarterly results, they provide a snapshot of their financial health,…

Flutterwave has announced a collaboration with Polygon Labs aimed at enabling instant, low-cost cross-border payments for businesses and consumers moving money in and out of Africa. The partnership, which relies on blockchain infrastructure and stablecoins, is part of Flutterwave’s broader effort to position itself not just as a payments company,…

Egypt’s Karm, the renewable energy company widely known as KarmSolar, has officially stepped beyond its home market. Through a new subsidiary called KarmCyprus, the company has entered the Cypriot energy market — a strategic first move in its ambition to become a regional clean energy player across the Mediterranean. KarmCyprus…