Nigeria has replaced Remita with a new Treasury Management and Revenue Assurance System to enhance transparency and efficiency in financial transactions. The transition is happening in two phases, with existing users automatically migrated.
Khula, a leading South African AgriTech startup, has secured R126 million in funding from major investors, including Absa and AECI. The investment will support the expansion of its digital agricultural solutions, helping farmers access vital resources and markets. With this backing, Khula is set to redefine the future of agriculture in Africa.
Three Francophone African startups have been crowned winners of the latest Orange Summer Challenge, a program that helps young entrepreneurs transform their ideas into impactful businesses. The 2025 edition featured 282 participants from 14 countries, with the top three startups focusing on sustainability, healthcare, and environmental innovation.
ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a €100 million partnership to support climate action and sustainability in the ECOWAS region. The initiative, backed by the EU, will fund renewable energy, sustainable agriculture, and water treatment projects, aiming for a greener and more prosperous future.
MTN Nigeria has reported a staggering N400 billion loss for 2024, driven by the sharp devaluation of the naira and rising operational costs. Despite the economic challenges, the telecom giant is implementing strategic measures to sustain its market leadership.
Summit Africa has officially launched its Summit Private Equity Fund II (SPEF II) with a $20 million anchor investment from British International Investment (BII). Focused on financial services, ICT, and food security, the fund seeks to drive economic transformation and inclusion across Southern Africa. With plans to raise additional capital, SPEF II supports South Africa’s broader investment and development goals
Raising capital can be one of the toughest challenges for entrepreneurs. The Venture Deals online course, created by Techstars and Kauffman Fellows, equips founders with essential insights into venture capital, negotiation tactics, and investor engagement.
Nigerian naira strengthens against the dollar, investors wonder if the rally will last. With inflation adjustments, monetary policy shifts, and FX market dynamics in play, the currency faces a crucial test in the coming weeks.
MANSA secures $10 million in funding to address cross-border liquidity challenges, leveraging stablecoins for faster and cost-effective payments. With rapid growth and strategic backing from Tether, MANSA aims to expand into Latin America and Southeast Asia, revolutionizing global payment infrastructure.
Microsoft has launched a $1 million AI training initiative in Nigeria, targeting one million participants over two years. While the program aims to boost digital skills, questions remain about its feasibility and impact. Read more about Microsoft's vision for AI in Africa.