FitXpert, an Egyptian SaaS company specializing in fitness and wellness technology, has announced the successful closure of a seven-figure strategic investment from Foras Investment, marking the beginning of a new growth phase as the company prepares to scale its platform and expand into regional markets. The investment was completed under…
Author: Tapiwa Matthew Mutisi
Business For Teens, an innovative education startup dedicated to teaching entrepreneurship and financial literacy to teenagers, has successfully closed a six-figure pre-seed funding round aimed at accelerating its growth and regional expansion. This milestone follows strong early traction since the company’s launch. Business For Teens has already partnered with more…
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a commitment of $37 million towards the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt. The Abydos II project, with a total investment of approximately $737 million, is being spearheaded by…
Africa Finance Corporation (AFC) has confirmed the successful signing of key financing agreements for the Lobito Atlantic Railway Project, a transformative transport infrastructure initiative in Angola. Acting as co-financial advisor alongside Eaglestone, AFC supported Lobito Atlantic Railway (LAR)—the borrower and concessionaire of the 1,300-kilometre brownfield railway corridor—in structuring this complex…
Listed private school group Curro Holdings has confirmed that all suspensive conditions for its acquisition by billionaire Jannie Mouton’s Foundation have been met, rendering the transaction unconditional. This milestone clears the way for the deal’s completion, with Curro expected to announce a detailed implementation timeline shortly. In a statement to…
Accelerate Africa has successfully completed three previous cohorts, supporting 30 innovative startups across the continent. The programme is designed to help founders leverage the power of peer networks and ecosystem connections to put their businesses on a clear trajectory toward achieving US$1 million in annual revenue within 18 to 24…
Taxes continue to mount on Zimbabweans as the struggling economy pushes the government to rely heavily on taxation for revenue. However, citizens are already grappling with high unemployment and widespread economic hardship. In a bid to capture income from the rapidly expanding digital sector, Zimbabwe has introduced a new tax…
Just days before Ugandans head to the polls, satellite internet provider Starlink has abruptly gone offline in the country, cutting off what many considered a critical connectivity lifeline during a politically sensitive period. The shutdown, ordered by regulators and executed on January 1, has reignited discussions around digital access, political…
Flutterwave, Africa’s largest fintech company, has finalized the acquisition of Nigerian open banking startup Mono in an all-stock deal estimated to be worth between $25 million and $40 million, according to sources close to the transaction. This landmark deal represents one of the most significant consolidations in Africa’s fintech infrastructure…
Trouble continues to mount for WeBuyCars as the company faces a R2.5 million administrative fine and is ordered to refund over R3.4 million to affected consumers after regulators ruled that its sales terms violated South Africa’s Consumer Protection Act (CPA). This regulatory blow comes at a time when WeBuyCars is…
Absa’s newly appointed Chief Executive Officer, Kenny Fihla, has outlined a transformative strategy aimed at repositioning the bank as a leading financial institution on the continent. His plan focuses on sharpening Absa’s client segmentation strategy, expanding its footprint beyond South Africa, and accelerating modernization to improve efficiency and reduce costs.…
Egypt’s Tactful AI, a leading innovator in AI-driven customer experience transformation across the region, has announced a strategic partnership with Valu, the region’s foremost universal financial technology powerhouse. This collaboration aims to deliver faster, smarter, and highly personalized customer interactions throughout Valu’s expansive digital ecosystem. Founded by Mohamed Elmasry, Mohammad…
The Johannesburg Stock Exchange (JSE) has received regulatory approval for its ambitious Simplification Project, a strategic initiative designed to reverse decades of declining listings and create a more accessible, investor-friendly environment. Founded in November 1887 by Benjamin Wollan, the JSE was originally established to raise capital for South Africa’s booming…
Clicks Technology is making waves at CES 2026 with the launch of its first-ever smartphone, the Clicks Communicator—a modern-day BlackBerry designed to revive the nostalgia of physical keyboards while embracing modern functionality. Unlike mainstream smartphones that prioritize entertainment and content consumption, the Communicator is built with a singular focus: communication…
While CES often feels like an unofficial auto show, the automotive presence at CES 2026 is noticeably toned down. The Afeela electric vehicle—a collaboration between Sony and Honda—will make a return to the show floor, but the overall push for new EVs is muted. This shift comes as the Trump…
It’s been known for months that Lenovo will host its Tech World event at the iconic Sphere in Las Vegas during CES week — and the company promises an experience “unlike anything CES has seen before.” As the world’s largest PC manufacturer by units shipped, Lenovo is putting its main…
Sony’s CES 2026 press conference is just days away, and this year brings a surprising twist: instead of its usual broad overview of electronics, gaming, and entertainment, the event will focus almost entirely on electric vehicles. Why? Because the traditional end-of-press-day slot now belongs to Sony Honda Mobility, the joint…
Hisense is widely recognized for delivering affordable electronics and home appliances — from TVs to refrigerators. But at CES 2025, the China-based brand showcased its premium ambitions with a jaw-dropping 136-inch Micro LED TV, priced at an eye-watering $100,000. So, what’s next for CES 2026? For starters, new leadership and…
AMD is opening CES 2026 with a major keynote on Monday, setting the stage for what promises to be one of the most anticipated presentations of the show. The company will outline its vision for AI across consumer and enterprise applications, while also teasing advancements in its Ryzen CPU lineup.…
At CES 2025, NVIDIA dominated headlines by emphasizing its leadership in artificial intelligence, while still managing to unveil major hardware like the RTX 5000-series GPUs and its Project Digits desktop supercomputer (later renamed Spark). For CES 2026, the company is doubling down on AI, teasing that it will “light up…