Egypt’s proptech giant Nawy has secured a combined $75 million in Series A equity and debt financing, setting a new benchmark for real estate innovation in the Middle East and North Africa (MENA). The funding, comprising $52 million in equity led by Partech and $23 million in debt from major…
Author: Staff Writer
Staff Writer
I am a staff at Innovation Village.
OpenAI and Microsoft are renegotiating the terms of their landmark partnership, setting the stage for a new phase in the evolution of the artificial intelligence industry. At stake is not just the structure of their $13 billion alliance, but the future of OpenAI as it prepares for a potential initial…
Airtel Africa has reported a robust financial performance for the fiscal year ending March 31, 2025, demonstrating significant growth across its operations despite facing macroeconomic challenges in several markets. Strong Revenue Growth Amid Currency Headwinds In constant currency terms, Airtel Africa achieved a 21.1% year-on-year revenue growth, reaching $4.96 billion.…
Safaricom PLC has hit a historic milestone, becoming the first East African company to surpass $3 billion (KES 388.7 billion) in annual revenue. This landmark achievement underscores the success of the company’s five-year journey from a traditional telecom provider to a purpose-led technology powerhouse. The impressive financial year ending March…
MTN Group’s digital infrastructure arm, Bayobab, has taken a major step forward in reshaping East Africa’s connectivity landscape with the launch of a strategic cross-border fibre optic route between Uganda and Kenya. The newly completed 260-kilometre fibre link, running along the Uganda Railway corridor from Kampala to Malaba, connects directly…
For decades, travelers have dutifully switched their phones to “airplane mode” before takeoff, disconnecting from the world until landing. But that era is rapidly fading as high-speed in-flight WiFi becomes the norm rather than the exception, fueled by partnerships between airlines and satellite internet providers like Starlink. What was once…
The National Identity Management Commission (NIMC) has officially announced new prices for a range of its services related to the National Identification Number (NIN), citing operational cost increases and the need to modernize its offerings. Among the most significant changes is a 75% hike in the fee for correcting a…
Airtel Money, the mobile financial services arm of Airtel Africa, has quietly become one of the most significant players in African fintech. In its latest fiscal year, which ended March 2025, the company posted $145 billion in annualized transaction value—nearly double the GDP of Ghana. Once an ancillary offering bundled…
PalmPay, one of Nigeria’s leading fintech players, has kicked off 2025 with strong momentum—crossing 15 million daily transactions in the first quarter, up sharply from the 10 million it averaged daily in 2024. The milestone was revealed during a press conference and media roundtable to highlight the company’s Q1 performance,…
In a significant shift from its original long-term strategy, the Gates Foundation has unveiled an ambitious plan to donate approximately $200 billion over the next two decades. This decision marks a departure from the foundation’s initial intent to operate several decades beyond the lifetimes of its co-founders, Bill and Melinda…
Apple is preparing a major shake-up in the world of web search—one that could upend the current balance of power and cause lasting tremors across the digital advertising landscape. During a pivotal testimony at Google’s antitrust trial this week, Apple’s Senior Vice President of Services, Eddy Cue, revealed that the…
Stripe Inc., the global payments giant, is entering a bold new chapter—launching stablecoin-funded accounts in over 100 countries. For African businesses, this marks a major opportunity to leapfrog legacy banking challenges and participate in a faster, more stable, and borderless financial ecosystem. At the heart of this offering are two…
The global smartphone market posted a modest but meaningful rebound in the first quarter of 2025, with revenues growing 3% year-on-year (YoY). According to Counterpoint Research, this positive momentum was largely driven by strong performances from Apple and vivo, the only two brands among the top five to record revenue…
Platos Health has unveiled Platos 3.0—a bold shift into a proactive, preventive health economy—backed by a $1.4 million pre-seed funding round. Investors include Google for Startups, Invest International, and angel investors from global tech powerhouses like Google, Tesla, and Unicredit. This funding reinforces Platos’ mission to address the global rise…
The Kenyan High Court has taken a firm stand on digital privacy by ruling against Worldcoin, the cryptocurrency initiative co-founded by OpenAI’s Sam Altman and Alex Blanca. The court ordered the company to cease all biometric data collection and processing in Kenya and to permanently delete all previously gathered biometric…
Google has introduced AI Max for Search campaigns, a powerful new suite of artificial intelligence tools aimed at revolutionizing the way advertisers connect with users through Search. This initiative brings cutting-edge AI capabilities into the heart of campaign management, enabling marketers to boost reach, improve relevance, and increase performance with…
Egyptian B2B medtech platform i’SUPPLY has secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra, the MENA region’s first goal-driven digital investment platform. The deal marks a significant step in scaling i’SUPPLY’s operations and widening access to pharmaceutical and medical supplies across underserved communities in Egypt. In June 2024,…
African startups raised a total of $343 million in April 2025 across 39 publicly disclosed deals, marking a sharp recovery from the sluggish funding seen in previous months. This figure makes April the second-highest April funding month on record, driven by a combination of large-ticket deals, increased debt financing, and…
OpenAI has reversed course on a major restructuring plan, choosing to maintain nonprofit control over its for-profit arm in a move likely to temper CEO Sam Altman’s influence. The decision follows mounting criticism from civil society leaders and legal pressure from co-founder Elon Musk, who filed a high-profile lawsuit earlier…
About a year ago, Microsoft launched a groundbreaking new class of devices — Copilot+ PCs — the fastest and smartest Windows PCs to date, with the Surface Laptop and Surface Pro standing as Microsoft’s flagship models in this category. The tech giant has now unveiled two new additions to its…