Lesotho has secured the largest foreign direct investment (FDI) in its history after signing a landmark $6.2 billion (M100 billion) agreement for the Kobong Project, a transformative initiative that will combine large-scale renewable energy generation with an artificial intelligence (AI) data centre. Backed by New York-based renewable energy developer Convalt Energy, the project will integrate…
Egypt has been elected to chair both the Artificial Intelligence (AI) Governance Working Group and the Quantum Computing Working Group under the Arab Permanent Committee for AI and Emerging Technologies, reinforcing its leadership in shaping regional policies on advanced technologies. The appointments were confirmed during the committee’s second founding meeting held in Tunisia, where representatives…
Terra Industries has partnered with Miva Open University to establish integrated robotics and drone laboratories across the university’s learning centres, beginning with a pilot facility in Abuja. The initiative is designed to strengthen technology-focused education by giving students practical engineering experience alongside their academic studies. Under the partnership, students will gain hands-on experience in designing,…
Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business through its wholly owned subsidiary, Emirates NBD Egypt, expanding its presence in one of Africa’s largest banking markets. The transaction includes HSBC Egypt’s retail banking portfolio, branch and ATM network, customer base and relevant employees. While the financial terms were not disclosed, HSBC said…
GoTyme Bank has been named Africa’s Best Digital Bank 2026 by Euromoney, recognising its rapid growth and innovative approach to digital banking that has attracted 13 million customers in South Africa. Formerly known as TymeBank, the bank has become South Africa’s fastest-growing digital bank and was among the fastest digital banks globally to achieve profitability….
Bolt Business has recorded strong year-on-year growth in Nigeria, reflecting rising demand for digital corporate mobility solutions as businesses seek more efficient ways to manage employee transportation and business travel. Over the past 12 months, the corporate mobility platform has achieved double-digit growth, driven by increased adoption across multiple industries, growing demand from small and…
Nigeria’s National Information Technology Development Agency (NITDA) has introduced a National Software Quality Assurance Framework that will require all federal government software systems to undergo independent third-party testing before deployment, creating a national licensing regime for software testing organisations. Signed by NITDA Director-General Kashifu Inuwa Abdullahi under the NITDA Act 2007, the framework establishes national…
CREST has launched the cybersecurity industry’s first AI accreditation additions for accredited cybersecurity service providers, introducing independently verified standards for the responsible use of artificial intelligence in cybersecurity services. The initiative marks a significant shift from voluntary AI commitments to formal, independently assessed standards, helping organisations demonstrate responsible AI governance in AI-enabled penetration testing and…
