BasiGo secures $41.5M to drive Electric Bus expansion in Kenya and Rwanda

BasiGo Kenya, has successfully raised $41.5 million in Series A equity and debt funding.

PaidHR’s new cross-border payroll feature allows employees to receive salaries in 49 currencies

The new feature will be key for remote workers who receive salaries globally and a hedge against macroeconomic headwinds like currency devaluation.

OmniRetail acquires Traction Apps, to process ₦2 trillion for SMEs annually

The acquisition will be implemented in phases, beginning with streamlining operations and integrating platforms.

Lagos Red line mulls hybrid power system, to curb diesel overhead

On Tuesday, the Lagos state government launched its red line, a 37km rail line connecting Oyingbo to Agbado. The train is the second intra-city rail system, following the inauguration of the Blue Line last year. Lagos State Governor Babajide Samwo-Olu led the first passengers aboard the rail system, who were subjected to tests and free […]

Octavia Carbon secures $3.9M to scale Carbon Capture in Kenya

Octavia Carbon’s $3.9M seed round to boost atmospheric CO2 removal efforts.

BREAKING: Jumia to exit South Africa and Tunisia, focusing on core markets

Jumia's decision to exit these markets will reduce its total number of operating countries from 11 to 9, with a majority of its focus now concentrated in West and East Africa.

MaxAB co-founder & COO exits 2 months post-mega merger

Following a high-flying tie-up with Wasoko, the Egyptian-born startup announces the departure of Mohamed Ben Halim, who has spent 6 years working with the company

Breaking: Nigeria’s inflation surges again to 32.70%, defying expectations

The uptick in prices comes as a blow to policymakers who had been celebrating a recent easing of inflationary pressures.

Sistema.bio secures $15M to drive global Biogas expansion

Sistema.bio raises $15M to expand its biogas technology globally, enhancing sustainable energy solutions for farmers.

Ex-Nokia CEO to lead board of Africa’s biggest smartphone financer

Rajeev Suri joins M-KOPA as board chair, leading Africa's largest smartphone financing firm with over 5 million customers across five markets

Global solar storm puts SA on high alert

It comes amid a period of heightened solar activity, with more than 40 X-class solar flares recorded in 2024, much higher than in the previous nine years

Fidelity Bank cuts fraud losses by 88% in H1 2024

The lender's success in reducing fraud losses demonstrates its commitment to responsible banking practices in the financial services industry.