Africa's Tech Future, Today.
Fintech and asset-financing platform M-KOPA has acquired Finnish software firm KilpiTek Oy for $8 million (approximately KES 1.04 billion). The acquisition brings core device-locking technology in-house as the company scales its pay-as-you-go credit offerings across African markets.
On-demand delivery platform Glovo has appointed Reni Onafeko as its Country Managing Director for Nigeria. Taking over from Lamide Akinola, Onafeko will drive the company's next expansion phase across key urban markets.
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.
An analysis of venture capital performance across Africa over the past ten years evaluates overall cash returns, liquidity events, and distributed capital. The findings highlight structural challenges in exit mechanisms while demonstrating how successful exits have concentrated within key regional technology hubs.
The Johannesburg Stock Exchange and the Technology Innovation Agency have partnered to run a 16-week pilot initiative for 10 South African tech SMEs. Focusing on health, agriculture, and fintech, the program aims to build investment readiness, refine pitches, and connect founders to capital providers.
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 commercial dispute involving $231,000 in unremitted funds led to the arrest of FlexPay directors following a complaint by Kenyan retail giant Naivas. The conflict highlights growing friction between established brick-and-mortar retailers and digital payment platforms operating in emerging markets.
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.
Deskless workforce platform Jem HR has raised $8.4 million in Series A funding to scale its messaging-first HR tools, bringing automated payslips and financial wellness to frontline workers.
Agriculture employs over half of Africa’s workforce, yet post-harvest losses and climate unpredictability cost billions annually. A new generation of agritech innovators is deploying satellite data, smart hardware, and digital commodity trading to fix the chain.
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