Once hailed as Africa’s first tech unicorn, Jumia is undergoing a major transformation to regain investor confidence, sharpen its market focus, and deliver sustainable profitability. Since its IPO on the New York Stock Exchange in 2019, the e-commerce company has seen its market value plummet from over $1 billion to…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
Africa’s bustling boda boda (motorcycle taxi) sector, which sustains the livelihoods of millions across Kenya, is embracing a transformative leap with the launch of Roam Electric’s Generation 2 Roam Air. This is not just an upgrade—it’s a bold reimagining of urban mobility built in close collaboration with the riders themselves.…
Moove, the Nigerian-born mobility fintech, is making waves in the global mobility scene. Founded in 2020 by Ladi Delano and Jide Odunsi, the startup has reimagined asset financing for ride-hailing drivers. Now, Moove is gearing up for its next major leap: a $300 million Series C funding round that could…
A landmark investment vehicle is launching this July in Mauritius with a clear purpose: to attract long-term capital into off-grid and distributed renewable energy solutions across Sub-Saharan Africa. Named Zafiri, the platform has already secured $300 million in its first phase—split evenly between senior and junior equity—from a coalition of development…
In early June 2025, Definely, the UK-based legal tech innovator, secured a $30 million Series B funding round, propelling its mission to infuse AI into legal drafting and contract review workflows. The round was led by growth investor Revaia, with participation from Alumni Ventures, Beacon Capital, Clio, and existing backers including Octopus…
The African Development Bank (AfDB) has approved a significant financing package of $184.1 million to support Egypt’s ambitious Obelisk 1-gigawatt (GW) solar photovoltaic (PV) project and 200MWh battery energy storage system, reinforcing the country’s deepening commitment to renewable energy. While notable, the Obelisk project follows in the footsteps of Egypt’s…
The Securities and Exchange Commission (SEC) has reiterated its stance against the operations of Crypto Bridge Exchange (CBEX) and its affiliates, warning the Nigerian public to steer clear of the unregistered entity. This announcement follows reports that CBEX has resumed operations in Nigeria under the guise of ST Technologies International…
In the race to bridge Africa’s massive electricity access gap, most solutions have been externally sourced — imported products, donor-backed models, and pilot programs managed far from the communities they aim to serve. But Salpha Energy, a Nigerian clean energy startup, is breaking that pattern by building power solutions for…
Kenya’s digital economy just gained a powerful ally. Glovo, the global delivery and logistics platform, has inked a landmark cooperation deal with the Ministry of Labour and Social Protection — setting the stage for one of the most ambitious private-sector investments in the country’s gig economy to date. But this…
As the countdown begins for the largest FIFA World Cup™ in history — set to unfold across Canada, Mexico, and the United States in 2026 — Visa has made a strategic move that signals more than just marketing: the global payments giant has named 17-year-old football prodigy Lamine Yamal as…
MultiChoice, the parent company of DStv, is grappling with a significant blow: the loss of 1.2 million subscribers across its operations, dropping its active base to 14.5 million viewers. Revenue and profits have been hit hard, particularly outside South Africa, where inflation and currency depreciation have reduced affordability. Even in…
In the global tech conversation, words like “infrastructure” often conjure visions of fiber cables, data centers, or power grids. But in the fast-moving world of digital innovation, software infrastructure is just as vital—especially in regions like Africa and the Middle East, where a growing wave of startups is battling not…
In an age where content creation is no longer reserved for professionals, Meta has taken a bold step toward democratizing creativity. With the launch of its AI-powered video editing feature across the Meta AI app, Edits app, and Meta.AI website, the tech giant is putting sophisticated video transformation tools in…
The off-grid energy sector in Africa is undergoing a quiet but powerful transformation. What once was a landscape dominated by niche startups and donor-backed pilot projects is now rapidly maturing into a competitive, investor-driven industry. A prime example of this evolution is Solar Panda’s recent acquisition of VITALITE Zambia Limited—a…
Africa’s growing digital economy faces a significant threat — not from lack of ambition, but from a shortage of skills. According to recent industry insights, 90% of companies on the continent report setbacks in innovation and project execution due to a lack of AI expertise. In a bold and inclusive…
In much of West Africa, healthcare remains a fragmented, under-resourced system struggling to meet the needs of a growing population. Clinics are overwhelmed, medical records are largely paper-based, and insurance coverage is rare—especially among informal workers, who make up the majority of the region’s labor force. Against this backdrop, KERA…
First Ally Capital Limited has acquired a 60% controlling equity stake in Migo Nigeria, a digital credit platform formerly known as Mines.io. This strategic acquisition marks a significant development in the Nigerian fintech space, as it reflects a growing trend of deeper collaboration between traditional financial institutions and technology-driven lending…
With the release of iOS 26 and Android 16, the smartphone experience has been redefined for millions worldwide. Both operating systems bring sweeping visual overhauls, deeper AI integration, and new features designed to enhance productivity, security, and everyday usability. Here’s how the two platforms compare in 2025. Visual Design and…
Just a day after Apple dazzled the tech world with its software showcase at WWDC 2025, Google fired back with the official rollout of Android 16—its most ambitious update in years. Launching first on supported Pixel devices, Android 16 is setting a new pace by arriving earlier than usual, ahead…
Meta has teamed up with Nigeria’s Federal Ministry of Communications, Innovation & Digital Economy (FMCIDE), the National Centre for Artificial Intelligence and Robotics (NCAIR), and the National Information Technology Development Agency (NITDA) to launch the Llama Impact Accelerator program. This 8-month program aims to empower early-stage Nigerian startups to create…