Yellow Card, Africa’s pioneering stablecoin startup, has announced a strategic shift from retail operations to focus exclusively on B2B services. The company’s move marks a new chapter in its mission to build a stronger digital financial infrastructure across Africa and beyond. Retail users have until December 31, 2025, to withdraw their funds before the platform…
Octagon Africa, a leading regional financial services provider in pensions administration, insurance brokerage, actuarial, trust, and training solutions, has appointed Davis Ongiro as the new Chief Executive Officer for its Kenyan operations. This appointment marks a significant step in the firm’s ongoing commitment to strengthening its leadership capacity and driving innovation in financial and retirement…
Eutelsat has announced the appointment of Sébastien Rouge as its new Chief Financial Officer and member of the Group’s Executive Committee, effective February 1, 2026. He will serve under the leadership of Chief Executive Officer Jean-François Fallacher. This strategic appointment reinforces Eutelsat’s focus on financial resilience, operational excellence, and long-term strategic growth as it continues…
Revolut has appointed Yacine Faqir as Chief Executive Officer for its Morocco operations, a move that underscores the fintech’s strategic focus on expanding its footprint in North Africa. His leadership arrival comes at a time when Revolut is intensifying its efforts to bring digital banking and payments services into emerging African markets. Faqir joins Revolut…
LG Electronics has entered into a strategic partnership with Flex, a global leader in manufacturing and data center infrastructure solutions, to develop advanced, integrated cooling systems tailored for AI-driven data centers. Through a newly signed memorandum of understanding (MOU), the two companies aim to create modular thermal management solutions designed to meet the growing cooling…
Stream, a Saudi-born billing and payments firm, has raised $4 million in seed funding to accelerate its mission of simplifying how businesses in the MENA region receive payments. The round was led by Outliers VC and BYLD Ventures, alongside notable angel investors including Abdullah Elyas, Co-founder of Careem. This funding underscores the growing investor confidence…
Sawa Energy, a renewable energy company operating in Uganda and Rwanda, has successfully raised EUR 2.5 million (US$2.8 million) in equity investment from ElectriFI, the EU-funded Electrification Financing Initiative managed by EDFI Management Company. The investment is aimed at accelerating the company’s expansion and advancing the deployment of solar photovoltaic (PV) and Backup Energy Storage…
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…
