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Zimbabwe Reaches IMF Monitoring Pact to Advance Debt Arrears Plan

Zimbabwe Reaches IMF Monitoring Pact to Advance Debt Arrears Plan

South Africa Deploys Scam Signal to Protect Consumers Against Rising Banking Fraud

South Africa Deploys Scam Signal to Protect Consumers Against Rising Banking Fraud

Google Launches Call for Applications for Startup Accelerator Africa Cohort 10

Google Launches Call for Applications for Startup Accelerator Africa Cohort 10

Liberia’s Surna Technologies Earns Global Recognition for Driving Sovereign AI Innovation

Liberia’s Surna Technologies Earns Global Recognition for Driving Sovereign AI Innovation

POSB Announces Strategic Partnership with Mastercard to Roll Out Remit Outbound Service

POSB Announces Strategic Partnership with Mastercard to Roll Out Remit Outbound Service

The People's Own Savings Bank, popularly known as (POSB) has decided to create a strategic partnership with Mastercard to launch POSB Remit Outbound to serve as an innovative international money transfer business that aims to transform cross-border payments for customers in Zimbabwe. With this new service, POSB customers

Afreximbank Selects Eight Finalists for Its Leading Accelerator Initiative

Afreximbank Selects Eight Finalists for Its Leading Accelerator Initiative

The African Export-Import Bank (Afreximbank) has declared the eight finalists for the inaugural cohort of its flagship Accelerator Program, a three-month initiative launching in March 2026 aimed at empowering Africa's most promising startups driving innovation in intra-African trade. Some of the firms that were chosen are; Daba Finance,

Qualcomm Unveils “Make in Africa” Initiative for African Startups

African startups

Qualcomm Unveils “Make in Africa” Initiative for African Startups

In January 2026, Qualcomm announced the extension of its Make in Africa Startup Mentorship Program, its first program created to support Africa's expanding technology ecosystem. This program is structured to initiate ten early-stage companies from around the continent, which will be chosen by the program to take part

Tony Elumelu-Linked Startup Seeks $100M in New Funding

Tony Elumelu-Linked Startup Seeks $100M in New Funding

The Lagos-based financial technology company Redtech Limited, which is sponsored by Tony Elumelu's Heirs Holdings, has declared publicly its intention to raise up to $100 million in new funding over the course of the following two years. This action was initiated as the business got ready to launch

SkipCash Secures $4M Series A to Scale Digital Payments Across the GCC

SkipCash Secures $4M Series A to Scale Digital Payments Across the GCC

SkipCash is a digital payment platform which is based in Qatar, has raised $4 million in Series investment to expand operations throughout the Gulf Cooperation Council (GCC) and accelerate the start of its smart payment infrastructure, displaying increased investor confidence in the region’s fintech ecosystem. This funding is expected

PayPal Appoints Enrique Lores as CEO Following Revenue Drop

PayPal Appoints Enrique Lores as CEO Following Revenue Drop

On the 3rd of February 2026, PayPal appointed Enrique Lores, former HP CEO and current PayPal board chair, as its new President and Chief Executive Officer effective March 1, 2026. The leadership change comes after PayPal reported weaker-than-expected fourth-quarter revenue and profit, reflecting slowing consumer spending. This is shortly after

Google Collaborates with African Universities to Introduce WAXAL, a Comprehensive African Language Dataset

Google Collaborates with African Universities to Introduce WAXAL, a Comprehensive African Language Dataset

Google has decided to team up with a number of African Universities to introduce WAXAL, as an innovation to help African languages in artificial intelligence and natural language processing technologies as a groundbreaking dataset. This program seeks to close the gap in AI capabilities since there are some African languages

Ghana Advances Tech Law Reforms to Boost AI, Fintech, and Cybersecurity

Ghana Advances Tech Law Reforms to Boost AI, Fintech, and Cybersecurity

The Deputy Minister for Communication, Digital Technology and Innovations, Mr Mohammed Adams Sukparu, announced the commencement of the Association of IT Law Professional (AITLAP) Africa which is built as a by the government to strengthen regulatory frameworks in areas such as fintech, e-commerce, data protection, cybersecurity, and artificial intelligence. This

$2M Milken-Motsepe Prize Seeks AI-Driven Innovations

$2M Milken-Motsepe Prize Seeks AI-Driven Innovations

A new $2 million equity-free prize has been launched to accelerate the development of artificial intelligence (AI) and smart manufacturing solutions that address Africa’s industrial challenges. The Milken-Motsepe Prize in AI and Manufacturing unveiled at the 2025 Milken Institute Global Conference in Los Angeles, is backed by South African

Targeted Investment Fuels $844 Million Boost for African Startups in Q2 2025

Targeted Investment Fuels $844 Million Boost for African Startups in Q2 2025

Startups across Africa raised a total of $844.51 million in the second quarter of 2025, according to data from Launch Base Africa. Unlike the fast-paced, high-valuation deals seen in 2021, Q2 investors are focusing on economically essential sectors such as logistics, power, mobile money, and health tech. E3 Capital,

Data Privacy Compliance a Major Challenge for Ugandan Startups, Survey Finds

Data Privacy Compliance a Major Challenge for Ugandan Startups, Survey Finds

Ugandan startups are facing significant hurdles in meeting the requirements of the country’s Data Protection and Privacy Act, with many struggling to move from awareness to actual implementation. The issue came to the forefront during a recent forum at the National ICT Innovation Hub, where startup founders, regulators, and

BuuPass Raises New Funding from Yango Ventures for Africa Expansion

BuuPass Raises New Funding from Yango Ventures for Africa Expansion

Kenyan mobility startup BuuPass has received a strategic investment from Yango Ventures, a move expected to accelerate its efforts to digitize long-distance travel across the continent. The amount of the investment remains undisclosed. The funding comes from Yango Group’s newly launched $20 million corporate venture fund, which targets startups

Stanbic Bank Bets on Startups with $100 Million Funding Drive

Stanbic Bank Bets on Startups with $100 Million Funding Drive

Stanbic Bank Kenya, the sixth largest lender in the country by assets, is preparing to raise $100 million (KES12.9 billion) to finance startups across East Africa. The bank aims to channel the funds through its Catalytic Fund, focusing on supporting startups and small and medium enterprises (SMEs) in key

Flutterwave Cuts Workforce in Kenya and South Africa Amid Profitability Push

Flutterwave Cuts Workforce in Kenya and South Africa Amid Profitability Push

Flutterwave has laid off half of its staff in Kenya and South Africa as part of efforts to reduce operational costs and edge closer to profitability. The restructuring comes as the company prepares for a potential public listing and follows a previous round of layoffs in 2024, when Flutterwave reduced

Liquify’s $1.5M Raise Targets Faster Invoice Payments for African Exporters

Liquify’s $1.5M Raise Targets Faster Invoice Payments for African Exporters

Ghana-based fintech startup Liquify has secured $1.5 million in seed funding to support its mission of easing cash flow challenges for African SME exporters. The funding round, which was oversubscribed, aims to help close Africa’s estimated $120 billion trade finance gap. “The average bank process takes over 10

500 Kenyan Startups to Benefit from New UK Deal

500 Kenyan Startups to Benefit from New UK Deal

Kenya and the United Kingdom have signed a renewed five-year Strategic Partnership that will significantly boost investment in Kenya’s digital economy, startups, and small businesses. Even though the deal is structured around four key areas: trade and investment, green growth and climate action, science and technology, and peace and

Pan-African Startup AXIAN Telecom Secures $600M

Pan-African Startup AXIAN Telecom Secures $600M

AXIAN Telecom, a pan-African telecommunications and digital services provider, has raised $600 million through a bond issuance set to mature in 2030. The bond, priced on June 25, 2025, attracted strong global investor interest, with the final coupon fixed at 7.250% and a yield of 7.375%, lower than

Senegal’s Wave Secures $137 Million in Debt Funding to Expand Across West Africa

Senegal’s Wave Secures $137 Million in Debt Funding to Expand Across West Africa

Senegal-based mobile money platform Wave has raised $137 million in debt financing to accelerate its mission of making financial services more affordable and accessible across West Africa. Founded in 2018 by Drew Durbin and Lincoln Quirk, Wave has grown rapidly to serve more than 29 million active users each month

d.light Secures $300 Million to Expand Solar Financing for Off-Grid Communities in Africa

d.light Secures $300 Million to Expand Solar Financing for Off-Grid Communities in Africa

Solar energy startup d.light has secured over $300 million in new capital to purchase consumer receivables. The Stanford-founded company is set to scale the distribution of solar home systems across underserved areas in Kenya, Uganda, Tanzania, and Nigeria. The new funding will support the company’s goal of reaching

Ethiopia’s Remittance Startup Smilepay Launches Global Money Transfer Service

Ethiopia’s Remittance Startup Smilepay Launches Global Money Transfer Service

Smilepay, a digital remittance startup backed by Kazana Group, has officially launched its global money transfer service after securing regulatory approval from the National Bank of Ethiopia (NBE). The platform, now live, provides individuals and businesses with a streamlined way to send money to Ethiopia from anywhere in the world.

South African Crypto Startup Momint Shuts Down

South African Crypto Startup Momint Shuts Down

South African Web3 and crypto startup Momint, once seen as a pioneer in the country’s NFT and tokenized asset space, has officially announced it is closing down. The company cited rising operational costs, limited user growth beyond its initial base, and a tough funding environment as the main reasons