Author: Staff Writer

South African vehicle solutions company MyNextCar (MNC) has raised $10 million in a major funding round to scale up its affordable mobility offering for ride-hailing drivers, particularly on Bolt’s growing low-cost platform, Bolt Lite. The round was spearheaded by UK-based Emso Asset Management, with participation from E2 Investments and Assemble…

In a significant move toward transforming Africa’s agricultural trade, South African agri-tech company Nile has raised ZAR200 million (US$11.3 million) to deepen its digital infrastructure across Southern Africa. The investment underscores a rising wave of investor interest in platforms that promise to modernize food systems in emerging markets. The round,…

In today’s fast-paced healthcare environment, efficiency and patient satisfaction are paramount. As medical practices grow, the demand for better management systems becomes increasingly important. One solution that has gained popularity is the integration of a virtual medical receptionist. This article explores how to effectively integrate a virtual medical receptionist into…

Rektron Group Incorporated, a global leader in energy and infrastructure, is preparing to make a bold entry into West Africa’s telecom sector by acquiring a 60% majority stake in AT Ghana Limited (formerly AirtelTigo). Partnering with local telecommunications firm Afritel Ghana Limited, the planned deal aims to restore the competitiveness…

uMunthu Investment Company II, a Mauritius-based private equity fund focused on impact investing, is set to acquire a 26% stake in Nigeria’s Hinckley Ewaste Recycling Limited. The planned acquisition was disclosed in a regulatory filing to the Federal Competition and Consumer Protection Commission (FCCPC), signaling a strategic investment in Nigeria’s…

Nigeria’s Securities and Exchange Commission (SEC) has issued a strong public advisory warning citizens against investing in the ongoing presale of Punisher Coin, also known as $PUN, citing the asset’s lack of regulatory approval and its classification as a high-risk “meme coin.” In a public notice released over the weekend,…

Wingu Africa, a leading data center operator on the continent, has secured $60 million in funding from Rand Merchant Bank (RMB) to accelerate the development of digital infrastructure across East Africa. The funding marks a critical milestone in Wingu’s vision to build a scalable, secure, and interconnected digital ecosystem in…

With a bold stride toward digital agriculture, the Ogun State Government, in partnership with the Federal Ministry of Communications, Innovation, and Digital Economy, has launched the AgriConnect Initiative—a pioneering programme aimed at empowering farmers with digital tools to boost productivity, enhance market access, and drive sustainable growth in Nigeria’s agricultural…

In a bold step toward environmental responsibility, CHI Limited—one of Nigeria’s foremost beverage and dairy producers—has announced the rollout of paper straws across its popular products, including Chivita juice, Capri Sun, and Hollandia yoghurt. This initiative places the company among the first major Nigerian manufacturers to align with the Lagos…

Chinese automaker Chery has made an announcement about its new premium sub-brands, the Omoda C9 and Jaecoo J7 hybrid SUV models, putting them in direct competition with South Africa’s electric car industry. The launch, which is set to take place in Johannesburg in early June 2025, represents another major turning…

The Energizing Education Programme (EEP), a flagship initiative by the Federal Government of Nigeria, has made substantial strides in transforming energy access in tertiary institutions. Managed by the Rural Electrification Agency (REA), the programme aims to provide reliable, sustainable, and clean energy to 37 federal universities and 7 teaching hospitals…

The unlikely alliance between former U.S. President Donald Trump and tech billionaire Elon Musk has come to a dramatic and public end. Once bound by mutual admiration and headline-making ventures, the two powerful figures have now turned on each other, highlighting deep ideological rifts and diverging ambitions. The collapse of…

Microsoft has unveiled Bing Video Creator, a new feature within its Bing mobile app that empowers users to generate short videos from text prompts using OpenAI’s Sora model. This tool aims to democratize video creation by making it accessible to a broader audience, including content creators, marketers, educators, and casual…

Just 18 months ago, Karim Jouini and Jihed Othmani had crossed the finish line of the startup marathon. Their fintech company, Expensya—an expense management platform born in Tunisia—had been acquired by Swedish software giant Medius in a deal reportedly worth over $120 million. With the sale widely regarded as one…

Kumulus Water, a Franco-Tunisian climate tech startup turning air into drinking water, has raised $3.5 million in seed funding to accelerate its mission of providing sustainable, decentralized water access to underserved regions. The round was led by Bpifrance (via France 2030 SGPI and the Île-de-France Region), with participation from PlusVC,…

Artificial Intelligence has become the hottest buzzword in the tech industry. From pitch decks to product demos, adding “AI-powered” to a solution often guarantees attention, funding, and inflated valuations. But what happens when the intelligence is artificial in name only? That’s the cautionary tale of Builder.ai, once a celebrated startup…

Artificial Intelligence is set to play a bigger role in Nigeria’s development journey as the Federal Government of Nigeria has signed a strategic agreement with the Bill & Melinda Gates Foundation to establish the Nigerian AI Scaling Hub, backed by $7.5 million in funding and technical expertise. The initiative is…

dLocal, the Latin American fintech powerhouse, has announced its intent to acquire AZA Finance, a pioneer in cross-border payments and FX solutions across Africa. While the deal is still subject to regulatory approval, it signals a major strategic move to expand dLocal’s footprint across the continent’s fast-growing financial landscape. In…

TikTok announced that it has officially launched TikTok for Artists, a comprehensive music insights platform designed to give musicians, their teams, and labels powerful tools to understand and grow their presence on the short-form video platform. This move reinforces TikTok’s ambition to be the leading driver of music discovery and…

Kenya’s Betting Control and Licensing Board (BCLB) has introduced sweeping new regulations targeting how gambling is advertised across the country. Among the most notable changes is the ban on celebrities, influencers, and content creators from endorsing or promoting gambling services—a move that significantly alters the marketing landscape for betting operators.…