Orange Money Group has announced the appointment of Thierry Millet as its new Chief Executive Officer, succeeding Aminata Kane. This leadership change marks a significant moment for the company as it continues to drive financial inclusion and digital transformation across Africa. With over two decades of experience within the Orange Group, Millet brings deep expertise…
Egypt’s Intella, the market leader in dialectal Arabic speech intelligence, has successfully raised US\$12.5 million in an oversubscribed Series A round. The investment is set to accelerate the company’s mission of building advanced AI models tailored to Arabic dialects, while also strengthening enterprise capabilities and driving expansion across the MENA region. This milestone follows a…
Dr. Sidi Ould Tah has officially been sworn in as the ninth President of the African Development Bank Group (AfDB), succeeding Dr. Akinwumi A. Adesina, who has completed two transformative terms at the helm of the institution. His election on May 29, 2025, with more than 76% of shareholder votes, marks the highest margin ever…
Liquid Intelligent Technologies has reinforced its commitment to Rwanda’s journey of remembrance and healing by donating \$100,000 (RWF131 million) to the Imbuto Foundation. The contribution is part of the company’s long-term pledge to support the preservation of historical records and the strengthening of memorial infrastructure dedicated to honouring the memory of the 1994 genocide against…
Egyptian fintech startup Munify has successfully raised US\$3 million in a seed funding round led by Y Combinator, with additional backing from BYLD and Digital Currency Group. The funding marks a major milestone for the startup, positioning it to accelerate engineering, compliance, and market expansion, while also strengthening its role in transforming financial services for…
Moroccan influencer marketing startup Hypeo Ai has secured an undisclosed investment from Renew Capital to accelerate the growth of its AI-powered influencer marketing platform. Founded in 2024 by Meriam Bessa, Oussama Sekkat, and Salah Eddine MIMOUNI, Hypeo Ai is designed to streamline influencer campaigns across Africa and the Middle East, addressing inefficiencies caused by manual…
Koolboks, an African-focused climate tech startup, has successfully raised $11 million to scale its solar-powered, IoT-enabled refrigeration units across the continent and other emerging markets. The funding round, a combination of equity and debt, was led by KawiSafi Ventures, with Aruwa Capital Management and All On reinforcing their support. Debt financing came from FFEM and…
Hassanein Hiridjee, founder and CEO of AXIAN Group, has officially joined Jumia Group’s Supervisory Board, according to a recent SEC filing. This move comes at a critical juncture for the e-commerce giant, coinciding with the resignation of Angela Mwanza, Managing Director at Rockefeller Capital Management. Hiridjee’s appointment signals Axian’s intent to play an active role…
