The West African Development Bank (BOAD) has marked a historic milestone with the successful issuance of a €1 billion bond with a 15-year maturity, setting a new benchmark as the longest euro-denominated bond ever issued by an African Multilateral Development Bank. This groundbreaking achievement reflects strong investor confidence in BOAD’s strategic vision and financial resilience,…
WPP Scangroup Plc has announced the appointment of Akua Brayie Owusu-Nartey as its new Group Chief Executive Officer and Executive Director, effective 17 November 2025. This leadership transition comes at a critical time for the company following the exit of former CEO Patricia Ithau in July and the interim stewardship of COO Miriam Kaggwa. Owusu-Nartey…
Spiro has achieved a historic milestone in Africa’s mobility sector with a landmark $100 million investment round, the largest ever in the electric two-wheel segment. Led by The Fund for Export Development in Africa (FEDA), this funding recognizes Spiro’s dominant leadership in battery-swapping technology and its mission to accelerate the transition to clean, cost-effective transportation…
Egyptian fintech company Money Fellows has reached a groundbreaking milestone, surpassing $1.5 billion in total transactions as it continues to redefine traditional savings and lending systems across the region. With over 8 million users and more than 2 million rotating savings groups completed, the platform has successfully digitized Egypt’s popular Rotating Savings and Credit Associations…
South African AI innovation is stepping onto the global stage as Locstat secures EUR2.5 million (US$2.3 million) in pre-Series A funding to accelerate its expansion into the United Kingdom and the European Union. This strategic investment, led by Portugal Gateway Fund (PGF) and ANZA Capital, will power Locstat’s go-to-market strategy and reinforce its position in…
Moniepoint Inc. has secured an additional US$90 million in fresh funding, bringing the total raised under its ongoing Series C round to US$200 million, solidifying its status as one of Africa’s most influential fintech powerhouses. This new capital injection was led by Development Partners International’s African Development (ADP) III fund with participation from global investors…
Google and the World Bank Group have announced a groundbreaking strategic alliance poised to accelerate digital transformation across emerging markets. This partnership represents a convergence of technology, finance, and philanthropy, with the shared vision of building accessible, AI-driven public digital infrastructure to bridge the global digital divide and ignite inclusive economic growth. By combining Google’s…
Hayo has officially launched a transformative end-to-end eSIM platform designed to empower mobile network operators (MNOs) to transition from legacy SIM infrastructure to a fully digital, eSIM-first model. This white-label solution enables telecom operators to deliver eSIM services under their own brand, accelerating time-to-market, enhancing customer ownership, and reducing the financial and logistic challenges associated…
