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Rana Energy has raised $3 million in pre-seed funding to expand its AI-driven Clean Energy-as-a-Service platform.
The crypto market suffered $9.4B in liquidations within 24 hours as Bitcoin and Ethereum prices plunged. Analysts call it the largest single-day crash ever.
IHS Towers Rwanda sale to Paradigm Tower Ventures closes at $274.5 million, marking a milestone in Africa’s telecom infrastructure growth.
The World Bank warns that Africa must solve its youth job crisis or face Gen Z protests spreading across the continent.
CANAL+ names a new leadership team for Africa after its MultiChoice takeover, uniting 40M+ subscribers and 10,000 jobs.
Stanbic IBTC appoints Chukwuma Nwokocha as Group CEO after interim leadership, as the bank eyes growth amid recapitalisation and challenges.
Lisk has launched a $15M Web3 fund to back startups in Africa, Latin America, and Asia targeting fintech, payments, and inclusion.
MoMo Payment Service Bank is marking Nigeria’s 65th Independence Day with 24 hours of free money transfers nationwide on October 1.
The National Bank of Ethiopia kept its benchmark rate at 15% as inflation eased to 13.6% in August despite Nigeria’s recent rate cut.
LagRide is offering a 40% discount for Lagosians to ease challenges caused by flooding, while preparing to launch the Omni mini bus.
Uber has shut down in Côte d’Ivoire after six years, its first withdrawal in Africa. Cash-flow struggles forced the global giant out.
Kenya’s Ilara Health downsizes operations after funding setbacks. The healthtech startup lays off staff, echoing MedSaf’s shutdown.
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