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…
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…
TymeBank has announced the appointment of Cheslyn Jacobs as its new Chief Executive Officer, effective 1 January 2026, following approval by the South African Reserve Bank’s Prudential Authority. Jacobs succeeds Karl Westvig, who joined the leadership team in 2023 and will continue to serve as an advisor to support the bank’s growth strategy. The appointment…
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…
