Wave Mobile, the $1.7 billion fintech unicorn renowned for revolutionizing digital payments in West Africa, has officially transitioned into a full-fledged bank with the establishment of WAVE BANK AFRICA S.A in Côte d’Ivoire. Registered as a public limited company with a capital base of 20 billion CFA francs, the new entity marks a strategic move…
Airtel Africa has announced remarkable half-year results ending September 2025, showcasing transformative growth driven by its strategic focus on digital services and financial inclusion. The company reported a 24.5% increase in constant currency revenue, reaching $2.98 billion, marking one of its strongest performance periods to date. For the first time, data revenue at $1.16 billion…
Commercial International Bank (CIB), talabat, and Mastercard have joined forces to accelerate Egypt’s transition toward a cashless economy through the launch of a co-branded credit card designed for the digital generation. This strategic partnership aligns with Egypt Vision 2030 and reinforces the commitment of the three organizations to expand digital payment adoption, enhance financial inclusion,…
Dangote Group has unveiled an ambitious refinery expansion plan that will see its US$20 billion Lekki facility increase output to 1.4 million barrels per day within the next three years. This strategic move would make the Lagos-based refinery one of the largest single-site refining facilities in the world, significantly expanding its influence across the global…
Velents.ai, a fast-growing enterprise AI startup, has successfully raised $1.5 million in funding while simultaneously launching Agent.sa, the first fully autonomous Arabic-speaking AI employee purpose-built for organizations across the Middle East and Africa. This breakthrough represents a major leap in the future of digital workforces, demonstrating how artificial intelligence can move from being a support…
Valu, Egypt’s leading financial technology company, has announced the renewal of its strategic collaboration with Amazon Egypt (Amazon.eg), marking a major advancement in digital commerce and consumer financing in the country. This renewed partnership is set to elevate the shopping and payment experience by expanding access to Valu’s innovative financing programs, enabling customers to enjoy…
ZTE Corporation and MTN Uganda have officially commemorated 10 years of strategic partnership in Managed Services, marking a decade of impactful collaboration that has significantly shaped Uganda’s telecommunications industry. This milestone celebration, held in Kampala, brought together senior leaders from both organizations to reflect on the partnership’s achievements and reaffirm their commitment to innovation, customer…
Airtel Africa Foundation, in collaboration with the International Telecommunication Union (ITU), Cisco, and the Rwanda Information Society Authority (RISA), has launched a groundbreaking initiative aimed at bridging the digital divide and enhancing national capacity through digital skills development in Rwanda. This strategic partnership seeks to empower underserved communities by providing free internet connectivity and training…
