Author: Staff Writer

Algeria’s travel-tech ecosystem has reached a major inflection point as VOLZ, a fast-growing startup redefining how Algerians book flights, announced a 600 million dinar funding round (nearly $5 million)—the largest ever raised by an Algerian startup in local currency. The round was led by a consortium of private investors under…

Fynd, the AI-native retail technology platform backed by Reliance Retail Ventures Limited, has officially expanded into South Africa, marking a significant milestone in its global growth journey and a pivotal moment for African retail. The company announced Surtee Group, one of South Africa’s most established luxury and fashion retailers, as…

For more than a century, the insurance industry has relied on contracts, coverage terms, and financial guarantees to earn the confidence of policyholders. People purchased insurance because they trusted that their provider would support them during unpredictable moments. Yet over time, the industry became known for confusing policy language, surprise…

Managing a business fleet efficiently requires careful attention to operational costs, and fuel expenditure is often one of the largest controllable expenses. Many companies turn to fuel cards to simplify fuel management, monitor spending, and secure discounts at various filling stations. However, when comparing fuel cards, businesses often overlook critical…

Nigeria and the European Union have taken a significant step toward deepening digital cooperation with the signing of a €45 million programme at the EU–Nigeria Digital Open Day in Brussels. The agreement, signed by Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the European Commissioner for…

Ampersand Energy has taken a decisive step toward reshaping Africa’s electric mobility landscape by opening its battery swap network to third-party electric vehicle manufacturers, starting with a landmark partnership with Wylex Mobility. The move positions Ampersand not just as an electric motorcycle maker, but as the backbone energy provider for…

Global pharmaceutical company Boehringer Ingelheim has made a strategic impact investment in African health-tech startup Zuri Health, strengthening efforts to close one of the continent’s most persistent gaps: access to affordable, quality healthcare for underserved populations. The investment, made through Boehringer Ingelheim’s Social Engagement Fund, will support the deployment of…

Flutterwave’s remittance platform, Send App, has introduced a new product aimed squarely at one of the most persistent pain points faced by Nigerians in the diaspora: spending seamlessly when they return home. The company has announced the launch of the Send App Travel Card, a physical naira-denominated card designed for…

TikTok has temporarily restricted access to its LIVE streaming feature for users in Nigeria during late-night hours, triggering widespread reactions among creators who depend on the platform for engagement and income. The restriction, which affected LIVE sessions between approximately 11:00 p.m. and 5:00 a.m., was implemented as part of what…

In a striking fusion of sport, technology, and digital fan culture, Galatasaray supporters have sparked global attention with a new AI-generated tribute song titled “King of Aslan Osimhen.” The anthem—created by Hüseyin Okumuş using the advanced generative audio platform Suno AI—celebrates Nigerian football superstar Victor Osimhen, who currently plays for…

Impact investor Investisseurs & Partenaires (I&P) has announced the first close of its latest flagship fund, I&P Afrique Entrepreneurs 3 (IPAE 3), raising €41 million ($47.6 million) toward its goal of €70 million. The new fund reinforces I&P’s long-term commitment to financing Africa’s “missing middle” — small to mid-sized enterprises…

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…