Justina Salami Salami

Washington backs Zipline’s African expansion with $150 million

The U.S. backs Zipline’s African expansion with $150m in results-based funding to scale drone delivery across Rwanda, Kenya, Nigeria, and others.

Saudi-based Strataphy raises $6 million to scale  cooling systems for AI infrastructure

Strataphy has raised $6M to scale its subsurface cooling technology for AI and industrial infrastructure, led by Outliers VC. Read more

Paystack confirms the termination of cofounder Ezra Olubi’s employment

Paystack confirms the termination of Ezra Olubi's employment. Following Olubi's blog post, the company is set for another round of legal battles since Zap Africa.

MTN network outages deepen across Kebbi, Zamfara, and Sokoto amid rising insecurity challenges 

MTN users in Kebbi, Zamfara and Sokoto face worsening network outages as fibre cuts and rising insecurity disrupt communication and cripple businesses.

Choice Hotels picks Kenya for continental debut

Choice Hotels enters Africa with three new properties launching in Kenya in 2026, marking its continental debut.

MTN Group’s remittance flows hit $3.4 billion, signalling new phase in Africa’s fintech race

MTN processed $3.4bn in remittances in 2025, a 13% rise as it battles fintech rivals for Africa’s cross-border payment market. Read more.

Cloudflare outage shuts out users on CDCare, Paystack API, Zoom, and X for the fourth time this year

Cloudflare suffered its fourth major outage of 2025, disrupting CDCare, Paystack API, Zoom, X, and Meta platforms for nearly an hour.

Lula secures $10M IFC loan to expand SME lending in South Africa

Lula has received a $10m loan from IFC to expand SME lending in South Africa, supporting financial inclusion and boosting growth for underserved businesses.

Verto opens new office in Lagos  

Verto has opened a new Lagos office to deepen its West African presence and support cross-border payments for businesses across Nigeria.

Jumia shares fall 3.9% despite strong quarterly gains and narrowing losses

Jumia shares drop 3.9% to $10.14 despite strong Q3 2025 results showing 25% revenue growth and narrowing operating losses.

Jumia trims workforce to 2,000 as it accelerates AI-driven operations

Jumia cuts staff to 2,000 as it adopts AI to boost efficiency and profitability. The e-commerce leader eyes breakeven by 2026.

BasiGo expands Nairobi’s EV network with three new charging depots and service centre

BasiGo expands its Nairobi EV network with three new charging depots and a service centre, reinforcing Kenya’s clean transport infrastructure.