Absa Bank Kenya, the United Nations Capital Development Fund and the United Nations Development Programme have agreed to a financing arrangement aimed at expanding solar-powered cold storage in Kenya, seeking to address an estimated $2.1 billion infrastructure gap. The portfolio guarantee from UNCDF
City Distro, a Nigerian startup, wants to digitise the distribution of fast-moving consumer goods, starting with a network covering seven Nigerian hubs and targeting expansion across Africa. The company connects manufacturers with retailers through a platform that combines inventory data, logistics
Paymob, the Egypt-founded payments infrastructure company, raised $35 million in a pre-Series C funding round co-led by Abu Dhabi sovereign investor Mubadala Investment Company and the European Bank for Reconstruction and Development, as the fintech expands its business across the Middle East and No
South African fintech Mission Mobile has secured as much as 500 million rand ($30.8 million) from investment firm DN Invest as it seeks to expand smartphone financing and deepen its partnerships with mobile network operators. The Johannesburg-based company said DNI’s investment will help accelerate
Kenya’s mobile-money subscriptions reached 54 million by June, extending the country’s long-running shift toward mobile-based payments and financial services. Mobile-money subscriptions increased 13.2% during the 2025/26 financial year to 54.01 million, according to the Communications Authority of K
UfarmX is a credit infrastructure business that evaluates farmer creditworthiness using proprietary data, allowing agro-retailers to extend inputs on credit.
Kenya has signed a cooperation agreement with U.S. artificial intelligence company Anthropic covering AI skills, research, public-sector applications and safety as the East African country seeks to build local capacity in the rapidly developing technology. The Joint Declaration was signed in New Yor
Long registration queues and fragmented IT systems are holding back Nigerian universities. Is it time for a unified, cloud-native digital leap? Can functional AI and integrated campus operating systems reshape the future of African higher education?
Uber’s exit from Nigeria is a warning about unsustainable unit economics and the real cost of infrastructure. However, local rails and fintech solutions are shaping the next phase of African mobility.
Egyptian fintech companies AMAN Holding, Bokra and Erada Finance have joined Scale It Forward, an initiative launched by GIZ Egypt and enpact to advance the adoption of Venture Debt in Egypt. The Scale It Forward programme brings together financial institutions and high-growth scaleups with the aim
Egyptian startup Bekia, which is digitising waste collection, has raised a US$765,000 seed round to deepen its consumer app and launch its first B2B software product. Founded in 2019, Bekia is a digital platform building the collection layer for Egypt’s recycling economy. The platform began with a c
TechTrends Media, the Nairobi-based digital media group behind TechTrends Kenya, EcoNews and GreenShift Magazine, has announced its expansion into Rwanda and Uganda with the launch of two new country-specific platforms, TechTrends Rwanda (techtrends.rw) and TechTrends Uganda (techtrends.ug). The mov
Last week's article flagged the gap between having a mobile money account and actually being included in the financial system. This week, two threads pull on that gap: what the banks’ own answer to fintech dominance has delivered, and what a wallet buys someone once they have one.
Google is targeting Kenya’s growing community of digital creators, media professionals and university students with hands-on training on how to use its Gemini artificial intelligence tools for research, storytelling, content production and learning. The company hosted a Nairobi workshop dubbed “Tutu
Village Capital's Husein Merchant explains how the global investor wants to invest $4 million in Africa after investing in seven startups in West Africa.
