MOGO Uganda has reached a remarkable milestone, financing over 100,000 smartphones in just 200 days since the launch of its smartphone-loans product in April 2025. This achievement marks one of the fastest growth trajectories in the company’s history and reinforces its commitment to driving digital inclusion across Uganda. The success reflects the nation’s strong demand…
Angolan mobility startup Anda has raised $3.4 million (€3 million) in seed funding to revolutionize the motorcycle taxi industry in Angola. The funding round was co-led by European venture capital firms Breega and Speedinvest, marking a significant milestone for the Luanda-based company. Founded in 2022 by Sergio Tati and Joerg Nuehrmann, Anda is building a…
Chowdeck, the YC-backed food delivery startup, has reached a major milestone by surpassing one million orders in a single month — a clear indicator of its rapid growth and expanding footprint across Nigeria and Ghana. The milestone marks a defining moment for the company, which continues to gain traction as one of West Africa’s leading…
HCLSoftware, the software division of Indian IT consulting giant HCLTech, has unveiled an ambitious plan to expand its footprint across Africa by leveraging a strong partner-focused strategy. The company believes that strategic partnerships with local and regional firms will be central to navigating Africa’s diverse markets and driving sustainable growth. This approach reflects HCLSoftware’s broader…
Nvidia has made history by becoming the first public company ever to surpass a $5 trillion market valuation, cementing its position as the undisputed leader in the global AI revolution. The company’s stock soared more than 5% to around $212, driven by surging demand for AI chips and growing optimism about potential access to the…
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…
Standard Chartered Uganda has reached a significant strategic milestone after entering into an agreement to sell its Wealth and Retail Banking business to Absa Bank Uganda. This move forms part of Standard Chartered’s broader global strategy to streamline operations and focus on areas where it delivers the strongest competitive advantage. The agreement, which is subject…
The United Nations, through the UNDP, UNCDF, and WRI, has launched a milestone initiative that is set to transform Kenya’s transport and agricultural sectors through climate-smart innovations. Central to this move is a five-year financing programme valued between $40 million and $50 million, designed to deploy 68,000 electric two- and three-wheelers nationwide. This landmark initiative…
