9mobile undertakes second rebrand, becomes T2 in bid to survive Nigeria’s telecom duopoly

9mobile rebrands as T2 after LH Telecoms acquisition, aiming to revive market share in a telecom sector dominated by MTN and Airtel.

Investors cheer as Jumia delivers turnaround surprise in Q2 2025

Jumia’s Q2 2025 earnings surprise investors with 27% stock surge and 25% revenue growth, boosting confidence in its turnaround plan

MTN’s earnings to rebound, backed by strategic Nigerian investments

MTN Group forecasts strong earnings growth for H1 2025, driven by a $240M data centre in Lagos and a new 9mobile roaming deal in Nigeria.

Ahead of 2027 profitability target, Jumia’s revenue grows 25% in Q2 2025

“Our second quarter results reinforces our confidence in achieving full-year profitability in 2027,” said CEO Francis Dufay, who sounded quite confident.

Alaan raises $48 million to scale AI-powered spend management across the MENA region

Alaan raises $48M to scale its AI spend management platform across MENA, targeting Saudi Arabia and automating finance teams’ workflows.

Shoprite exits Ghana and Malawi in continental retreat

Years of losses and difficult trading conditions have prompted a strategic reset for Shoprite.

Fusepay, a Seychelles-based fintech, raises $350k pre-seed to digitise business payments

Fusepay raises $350,000 pre-seed to digitise business payments and replace cheques across Indian Ocean islands, starting with Seychelles.

Climate tech startup Rivy launches solar equipment marketplace to tackle upfront barriers

Rivy is now going beyond loans to fix another clean tech problem. Access.

Flat6Labs restructures into F6 Group, launches F6 Ventures to back early-stage startups

F6 Ventures will manage six funds with over $90 million in AUM and plans to expand that figure to $200 million in five years.

Nigeria’s Startbutton, SA’s Zazu, and 20 others admitted to 4th Visa Africa Fintech Accelerator

Visa has announced the fourth cohort of its Africa Fintech Accelerator program. The program has already boosted 64 fintechs across three cohorts, which later raised $55M

Former Flutterwave VP Leon Kiptum passes on 

Leon Kiptum, former Flutterwave VP for East Africa, has died at age 44. He recently stepped down from his role to focus on his health.

More flagship chips under $500? August phone launches say yes

Almost every phone launching this month runs a newer midrange or flagship chip, but prices are holding steady, or dropping.