MNT-Halan IPO: Egypt's Fintech Starts Trading on the EGX After 43.6x Retail Demand
The MNT-Halan IPO drew orders 43.6 times the retail tranche and 11.2 times the private tranche. Shares in Egypt's fintech start trading on the EGX on 20 October.
Ecosystem
Paystack Six Years After Stripe: Lending, a Bank Licence and The Stack Group
Paystack six years after Stripe is no longer just a payment gateway. It now has a microfinance bank, a lending plan and a new parent called The Stack Group.
Nigeria’s identity agency says its database is locally hosted and managed by staff
The National Identity Management Commission has reaffirmed that Nigeria's national identity database is hosted locally within the country and managed entirely by internal staff. As the agency scales enrolment toward a 95 per cent national coverage target, it is implementing local data hosting and user consent management tools across its identity authentication services.
OnePlus 16 vs RedMagic 12 Pro+: Which gaming phone should you buy?
Comparing the OnePlus 16 and the RedMagic 12 Pro+ highlights two distinct approaches to mobile gaming hardware. Powered by Qualcomm's Snapdragon 8 Elite Extreme Gen 6 processor, both smartphones target high-performance gaming, with OnePlus prioritising versatile photography and RedMagic focusing on active fan cooling.
Kenya’s fintech reforms promise clarity but could delay investment
Proposed amendments to Kenya's payment system regulations seek to give the Central Bank direct oversight over significant equity investments in payment firms. While the reforms aim to enhance market stability and compliance, required regulatory approvals could lengthen fundraising cycles for growing startups.
No screens, no server farms: Inside Alchymia’s holographic pocket computer
Alchymia is reimagining artificial intelligence architecture to run frontier models locally without massive server farms or screens. Founded by Ayomide Daniels, the startup has developed the Alchymia Bar, a screenless pocket-sized device designed for resource-constrained markets across Africa and Asia.
Kaspersky’s African business is profitable. Now it wants bigger clients.
Global cybersecurity firm Kaspersky is expanding its enterprise footprint across Africa following a decade of profitable growth. The company is targeting large-scale institutional contracts across banking, central government, and critical national infrastructure.
Malatsi wants South Africa’s AI policy back on track after false start
South Africa's Minister of Communications and Digital Technologies, Solly Malatsi, is working to rebuild the nation's national artificial intelligence policy framework. After withdrawing an earlier draft due to fabricated academic citations generated by AI, the ministry has instituted disciplinary proceedings and appointed an expert advisory panel to produce a verified policy.
Moniepoint UK made $36,284 after taking on MonieWorld customers
Moniepoint UK Limited generated $36,284 in revenue for 2025 following the migration of customers from its diaspora remittance product, MonieWorld. The figure reflects one month of activity as the group reassesses its UK market footprint amidst rising competition and operational expenses.
What a banker discovered when he started listening to farmers
Former banker Watson Matsa founded eSusFarm Africa to bridge the gap between traditional banking frameworks and smallholder agriculture. By leveraging soil, weather, and crop data, the platform creates dynamic risk management tools designed around seasonal earnings rather than rigid monthly schedules.
Cascador and Sterling launch $200m fund to back SME loans
Cascador and Sterling Bank's new $200m credit backstop fund covers part of lenders' losses, so Nigerian SMEs can borrow up to $1m with less collateral.
“You already had your chance”: The silent shame of online dating after divorce in Africa
Divorced individuals, widows, and single parents in Africa face significant social stigma and privacy risks when using mainstream dating platforms. In response, specialized platforms like Runo are emerging to offer tailored environments, digital privacy safeguards, and community verification for second-chance dating.