Business
Dangote Confirms September 30 Groundbreaking for $16 Billion Lamu Refinery
Aliko Dangote has confirmed September 30, 2026, as the groundbreaking date for his planned $16 billion oil refinery in Lamu, Kenya, setting the...
Fintech Meru Expands Cross-Border Payments to 15 African Countries
Meru, a global fintech platform, has expanded its money transfer and financial services to 15 African countries, allowing users to send money directly...
Ghanaian Fintech Seevcash Raises US$333,000 to Expand Financial Services
Ghanaian fintech startup Seevcash has raised US$333,000 through the Stellar Community Fund (SCF) and affiliated programmes, funding that will support its efforts to...
Village Capital Invests $450,000 in Nigerian Startups to Support SMEs and Climate Resilience
Village Capital has invested $450,000 in two Nigerian startups through its Africa Ecosystem Catalysts Facility, providing fresh capital to businesses working to improve...
Nomba Secures $3 Million Facility to Expand Cross-Border Payments Across Central Africa
Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited to expand its cross-border payments infrastructure across Central...
AXIAN Group, AfDB Launch Programme to Reach 34,000 Women-Led Businesses Across Five Countries
AXIAN Group and the African Development Bank have launched a major financial inclusion programme targeting more than 34,000 women-led enterprises across five African...
Daba Finance and Coronation Partner to Expand Access to Nigeria’s Capital Market
Daba Markets Inc. (Daba Finance) has partnered with Coronation Securities Limited and Coronation Asset Management Limited to make Nigerian capital market products more...
DigiTax Expands to UAE Ahead of Mandatory E-Invoicing
DigiTax is expanding into the United Arab Emirates after receiving pre-approval from the country’s Ministry of Finance to provide electronic invoicing services, positioning...
U.S. passes extension of African Growth & Opportunity Act through 2028
The House of Representatives has passed a two-year extension of the African Growth and Opportunity Act (AGOA), securing duty-free U.S. market access for...
WIOCC Group Secures US$300 Million Investment to Expand Africa’s Digital Infrastructure
WIOCC Group has secured a combined US$300 million investment from Africa Finance Corporation (AFC) and Vision International Investment Company (Vision Invest), a move...
ChipMango Raises $1.9 Million to Expand Semiconductor Engineering Across Africa
California-headquartered semiconductor company ChipMango has secured $1.9 million in seed funding as it moves to expand its engineering workforce, commercial chip-design operations and...
Afrikrea Relaunches to Expand Global Opportunities for African Creators
As it marks 10 years in business, Ivorian startup Afrikrea has relaunched under its original name, reinforcing its focus on connecting African and...
AFC Launches Captive Insurance Company to Expand Infrastructure Financing in Africa
Africa Finance Corporation (AFC) has established a new insurance subsidiary aimed at strengthening its risk management and allowing it to deploy more capital...
Mamor Capital Secures $18.8 million First Close to Back South African Technology Businesses
Mamor Capital Ventures has reached a R300 million ($18.8 million) first close for its inaugural venture capital fund, giving the black women-owned and...
Aliko Dangote Plans Dubai Family Office to Manage $35 Billion Fortune
Africa’s richest man, Aliko Dangote, is putting in place a long-term structure to manage his family’s wealth, investments and business interests as the...
Remi Secures $135,000 to Build Confidential Blockchain Settlement System
Remi has secured approximately $135,000 from the Stellar Community Fund to develop a confidential settlement layer for regulated financial institutions. The initiative could...
Huawei Considers Major Battery Energy Storage Project in Egypt
Huawei is considering a major battery energy storage project in Egypt that could help the country make better use of its growing renewable...
Linearsend Launches Revve 2.0 to Give Users More Control Over Remittances
Linearsend, a Canadian fintech founded by Nigerians, has launched Revve 2.0, the biggest update in the platform’s history, with a new peer-to-peer marketplace...
Nomba and Synafare Commit $1.4 million to Help 300 Nigerian SMEs Switch to Solar Power
Nomba, a Nigerian fintech company and Synafare, an asset financing company focused on renewable energy, have committed ₦2 billion ($1.4 million) to help...
Flowt Raises Pre-Seed Funding to Expand Financing for Climate-Smart Businesses
Kenyan startup Flowt has secured an undisclosed pre-seed funding round to expand its AI-driven financial intelligence platform and improve access to working capital...
Tyms and Seedstars Partner to Expand Access to Financial Tools for Entrepreneurs
Tyms Inc. has partnered with Seedstars to make bookkeeping and financial reporting more accessible to entrepreneurs across emerging markets. Through an integration with...
Africa Prepares to Launch Its Own Credit Rating Agency, Challenging Fitch, Moody’s and S&P’s Grip on the Continent
Africa is set to launch a continent-wide credit rating agency in Mauritius on October 5, as confirmed by the African Union. This move...
Africa Supply Chain Excellence Awards Spotlight Businesses Driving Better Trade, Efficiency and Growth
The 2026 Africa Supply Chain Excellence Awards have recognised organisations whose work is improving how goods, services and essential supplies move across Africa....
Ventures Platform Closes $84 Million Fund to Invest in African Startups
Ventures Platform has closed its second institutional fund at $84 million, giving the African venture capital firm more capital to invest in promising...
JCM Power Secures 30 MW Manje Solar Project in Mozambique
JCM Power has secured the 30 MW Manje solar project in Mozambique, marking the independent power producer’s entry into the country and supporting...
Moniepoint Refocuses on Africa as It Phases Out UK Remittance Business
Moniepoint is discontinuing MonieWorld, its UK-based remittance business, less than 18 months after its launch, as the Nigerian fintech company redirects its resources...
Edge Growth Launches R350 Million Fund to Help African Scale-Ups Grow
South African SME investment and business development firm Edge Growth has launched the Edge Impact Fund (EIF), a R350 million (US$21.9 million) catalytic...
New AFC Fund to Mobilise Capital for Climate-Resilient Infrastructure
AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria), a...
Verascient Raises $1.2 Million to Help Businesses Unlock Scattered Data
Cape Town-based startup Verascient has raised $1.2 million, about R19.5 million, in its first funding round to help businesses connect information stored across...
Afreximbank Posts 30% Profit Surge in First Half of 2026, Completes Record $1.5 Billion Bond Sale
African Export-Import Bank (Afreximbank) delivered a strong first-half performance for 2026, with net income climbing 30% and total assets crossing $52 billion, as...
My AI Lawyer Launches Platform to Expand Access to Legal Support in South Africa
South African startup My AI Lawyer has launched a digital legal assistance platform aimed at making basic legal guidance more affordable and easier...
CIB Receives Approval to Establish yomo Digital Bank in Egypt
Commercial International Bank (CIB) has received preliminary approval from the Central Bank of Egypt to establish yomo digital bank, opening the way for...
AfDB and Italy’s CDP Invest $35 Million in North African Businesses
The African Development Bank Group and Italy’s Cassa Depositi e Prestiti (CDP) have approved a combined $35 million investment in RMBV North Africa...
SunCulture Launches Profit-Sharing Scheme to Give Employees a Stake in Company Growth
Kenya-based climate technology company SunCulture has launched RainDrops, an employee-wide profit-sharing scheme designed to give every full-time employee an opportunity to benefit from...
Exits MENA Acquires Avanz Capital Egypt to Expand Private Capital Operations
Exits MENA is expanding its position in Egypt’s private capital market through the acquisition of Avanz Capital Egypt (ACE), a move that will...
AfDB Expands Circular Economy Facility to Eight New Nations, Targets Africa’s $400 Billion Financing Gap
The Africa Circular Economy Facility, a multi-donor trust fund administered by the African Development Bank Group, is expanding into eight additional countries under...
Sungrow Breaks Ground on $50 Million Energy Storage Plant in Egypt
Sungrow Power Supply has started construction of a $50 million energy storage systems plant in Egypt, creating new local manufacturing capacity as the...
Dangote Refinery Plots “People’s IPO” as Africa’s Capital Markets Face a Defining Test
Dangote Petroleum Refinery is preparing what could become Africa’s largest initial public offering, with chief executive David Bird saying the October listing is...
Jem Raises $8.4 Million in Series A Funding to Expand Workforce Platform
Jem has raised $8.4 million in Series A funding led by Quona Capital, a move that will support the company’s expansion and accelerate...
JentaHub Launches Platform Connecting African Professionals With Global Opportunities
Kenyan startup JentaHub has launched a verified talent marketplace designed to connect African professionals with businesses, clients and organisations around the world. The...
Terra Industries Raises $18 Million to Expand Defence Technology Operations Across the Global South
Nigerian defence technology startup Terra Industries has raised an additional $18 million to expand its manufacturing capacity, strengthen its international operations and accelerate...
Condia to Address Africa’s Cross-Border Payment Challenges at The Borderless Experience
Condia will bring together key players from Africa’s financial and business sectors at The Borderless Experience on 21 August 2026 in Lagos, as...
TurnStay Processes More Than ZAR1 Billion in Travel Payments in Six Months
South African fintech startup TurnStay has processed more than ZAR1 billion (US$61.5 million) in transactions so far this year, reaching the milestone within...
Itana Expands Digital Free Trade Zone with Mr Eazi’s Choplife
Itana has signed Choplife, the entertainment and technology venture founded by Nigerian musician and entrepreneur Oluwatosin “Mr Eazi” Ajibade, as it expands its...
Clea Launches Vendor Payments to Simplify International Trade for African Businesses
Nigeria-based fintech Clea has launched Vendor Payments, a new capability designed to make it easier for African businesses to pay international suppliers, auction...
AFC Leads US$2.5 Billion Investment in Dangote Refinery Expansion
Africa Finance Corporation (AFC) has led a group of strategic investors in a US$2.5 billion private placement by Dangote Petroleum Refinery and Petrochemicals...
World Bank Group Invests $25 Million in Jumia to Expand Digital Commerce in Africa
The World Bank Group is investing US$25 million in Jumia Technologies AG to strengthen digital commerce infrastructure across Africa, with the investment expected...
GEEKS STORE Partners with iFLYTEK to Expand AI Technology in Egypt
GEEKS STORE has entered into an exclusive partnership with Chinese artificial intelligence company iFLYTEK to introduce its AI-powered products to the Egyptian market....
Wall Street Africa Banking ETF Approved for Nairobi Securities Exchange
Wall Street Africa is set to launch Kenya’s first locally domiciled exchange-traded fund (ETF), a move expected to widen access to the country’s...
Yellow Card Secures $40 Million to Expand Global Stablecoin Payment Infrastructure
The growing adoption of stablecoin technology by businesses and financial institutions is creating new opportunities for faster and more efficient cross-border payments. As...
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