Madica has taken a strategic leap in advancing Africa’s innovation landscape through its latest investment in two AI-powered startups from North Africa, expanding its mission to foster inclusive growth within underserved tech ecosystems. The selected startups, Anavid from Tunisia and Hypeo AI from Morocco, will receive up to $200,000 in funding and enter Madica’s intensive…
Nokia and Fibertime have announced a landmark collaboration to expand fibre-to-the-home (FTTH) coverage to an additional 400,000 premises across South Africa’s underserved townships. This initiative, unveiled on October 6, 2025, marks a major stride toward bridging the digital divide and improving broadband accessibility in communities that have historically been left behind. The rollout will harness…
Egyptian renewable energy startup Tagaddod has raised $26.3 million in Series A funding to accelerate its expansion across Africa, Asia, and Europe, while strengthening the global biofuel supply chain. The round was led by The Arab Energy Fund (TAEF), alongside strategic participation from FMO, Verod-Kepple Africa Ventures (VKAV), and A15 Ventures. The investment reinforces growing…
The Central African Republic (CAR) has officially joined the Africa Finance Corporation (AFC), marking a significant milestone in its journey toward economic transformation and infrastructure development. With this addition, the AFC now counts 46 member states, further expanding its reach and impact across the continent. The Corporation also boasts over 47 shareholders, including sovereign states,…
Verto, the Nigerian-born B2B payments platform, has officially launched its operations in the United Arab Emirates (UAE), a move that signals a new era for African businesses engaging in trade with the Gulf region. With a strong track record of processing over $25 billion annually for global corporations such as Unilever and Maersk, Verto’s entry…
Mastercard has announced a strategic collaboration with Hillcroft (mTek), an innovative insurtech company, to launch embedded insurance solutions across East Africa. This partnership marks Mastercard’s entry into the embedded insurance space in the region and is designed to directly integrate insurance products into its consumer and SME card offerings. The initiative represents a significant step…
Hemingways Travel recently marked a historic milestone, celebrating 70 years of trusted service in the travel and hospitality industry. The anniversary was more than a nostalgic moment; it was a powerful statement of resilience, innovation, and forward-looking ambition. Over the past seven decades, Hemingways has been a trusted companion for countless Kenyan travelers, offering seamless…
South African integrated identity platform Contactable has secured US$13.5 million in funding to accelerate its growth and strengthen its presence across Africa. Based in Centurion, the company has built a reputation as a leading digital identity and eKYC provider, offering businesses a seamless platform for onboarding, identity verification, fraud reduction, and compliance. With this new…
