Justina Salami Salami

KCB Bank Group to acquire stake in Pesapal

KCB Bank Group is acquiring a minority stake in Pesapal, strengthening its fintech ecosystem after its $15.4M Riverbank Solutions deal.

Nigeria falls to 18th place in RMB’s ‘Where to Invest in Africa’ report

Nigeria drops nine spots to 18th in RMB’s 2025 ‘Where to Invest in Africa’ report, losing ground to Seychelles, Mauritius, and Côte d’Ivoire.

The internet goes slow in Tanzania on election day

Tanzania restricted internet access during its 2025 general election. Citizens rely on VPNs to stay online. Find out more.

Auto24.africa launches EV24 in Kenya to power East Africa’s electric future

Auto24.africa, backed by Stellantis, has launched EV24 in Kenya to power East Africa’s electric vehicle future.

Velents.ai raises $1.5 million to launch the first Arabic-speaking AI employee

Velents.ai, an Egyptian–Saudi AI startup, raised $1.5M to launch Agent.sa, the first Arabic-speaking AI employee for Middle East enterprises.

Lidya, Nigeria’s digital lending pioneer, shuts down

Lidya, Nigeria’s digital lending pioneer, shuts down after nearly a decade. The fintech failed amid a funding drought and internal collapse.

Importa Holdings raises $15,000 to expand trade and financial access 

Importa Holdings raises $15,000 to grow ImportaPay and expand AI-powered trade and FinTech access for African importers and small businesses.

It cost ₦26,656 to cook a pot of Jollof in September 2025—SBM

SBM reports it cost ₦26,656 to cook a pot of Jollof in September 2025. Prices may rise again by December as food insecurity deepens.

Spiro raises $100 million to power Africa’s electric mobility ambitions  

Spiro has raised $100 million just days after Lagos launched its $478 million Omi Eko electric ferry project.

Snapchat, Amazon, McDonalds, Canva and others disrupted by AWS downtime

A major AWS outage disrupted global platforms including Snapchat, Amazon, McDonald’s, and Canva. Here’s how the downtime unfolded.

Kuunda raises $7.5 million in pre-series A round to scale across Africa and MENA 

Kuunda raises $7.5M to expand its digital lending services across Africa and MENA, advancing financial inclusion.

Jahazii raises $400K to build Africa’s workforce operating system

Kenyan fintech startup Jahazii raises $400K to formalise Africa’s informal workforce through its Workforce Operating System