Africa's Tech Future, Today.
Rising Tide Africa has led a 1 million dollar investment round in Nigerian clean technology enterprise Ororo Waste. The capital injection will accelerate the collection and processing of used cooking oil for conversion into sustainable aviation fuel and industrial biofuels.
Airtel Money has set its initial public offering price at 1.96 pounds per share, securing an estimated market capitalization of 5.3 billion pounds, or approximately 7 billion dollars. The listing involves existing shareholders offering 270 million shares on the London Stock Exchange, establishing a major benchmark for African mobile payments.
The insolvency proceedings of Koko Networks (UK) Limited have hit a hurdle as administrators fail to secure viable offers for its carbon credit assets. With major debt liabilities looming, creditors face near-total losses as the British entity progresses through a formal wind-down.
The insolvency proceedings of Koko Networks (UK) Limited have hit a hurdle as administrators fail to secure viable offers for its carbon credit assets. With major debt liabilities looming, creditors face near-total losses as the British entity progresses through a formal wind-down.
Financial performance metrics from Guaranty Trust Holding Company highlight how its payment subsidiary HabariPay is scaling operations across Nigeria. The non-banking division's profit trajectory and asset growth demonstrate a deliberate push to capture market share from regional fintech rivals.
A single transaction involving a hundred-dollar handcrafted sandal triggered the development of a comprehensive Ghanaian digital commerce ecosystem. By addressing systemic logistics bottlenecks and payment barriers across West Africa, the platform expanded into a broad infrastructure engine driving regional online trade.
Starting with a single mobile card reader, Yoco has grown into an expansive technology platform serving hundreds of thousands of small businesses. Driven by survival imperatives and operational refinements, the South African fintech successfully scaled its merchant offerings beyond basic payment processing.
The multi-billion-dollar public offer for Dangote Petroleum Refinery is serving as a crucial gauge for domestic capital liquidity in Nigeria. A successful listing could establish a viable local public market pathway for growing technology companies seeking sustainable exit strategies.
The multi-billion-dollar acquisition of IHS Towers by MTN has cleared critical antitrust hurdles across key African markets. However, strict oversight terms aim to protect open competition and encourage local ownership in telecommunication infrastructure.
Pan-African payment infrastructure provider Kora has launched One Rail, a specialized extension that enables merchants to accept, hold, convert, and settle funds in stablecoins alongside traditional fiat. The initiative addresses persistent cross-border settlement challenges, high foreign exchange fees, and limited dollar liquidity across regional commerce.
An ambitious venture aiming to operate orbital data centres has secured $8 million in capital funding. The project seeks to address growing terrestrial energy constraints by leveraging space-based solar power to process demanding artificial intelligence workloads.
Safaricom has partnered with Pesapal to bring M-PESA tap-to-pay and dynamic scan options to tens of thousands of point-of-sale devices. This expansion promises faster, more convenient checkout experiences across major retail outlets in Kenya.
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