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African AI intelligence startup Rwazi has raised $12 million in a Series A funding round, a move set to accelerate the growth and development of its cutting-edge simulation engine and AI-powered decision copilot. This fresh capital injection aims to give…
MTC officially opens a new Mobile Home in Namibia, marking a significant step to enhance access to telecoms services for 7,000 residents of Omuthiya. This new Mobile Home was officially launched in Omuthiya, the administrative capital of Namibia’s Oshikoto Region,…
Early-stage venture capital firm Rally Cap has partially exited South African fintech Stitch following the company’s recent $55 million Series B funding round. While Rally Cap has not disclosed the exact size of its original investment or details about the…
Egypt-based fintech PALM has raised a 7-figure pre-seed round to champion smarter savings, marking a significant milestone in the region’s financial technology landscape. This funding round was led by 4DX Ventures, with participation from Plus VC and several international angel…
Pembani Remgro Infrastructure Fund II (PRIF II), a South African private equity fund, plans to acquire a 35% stake in Kenya’s Mawingu Networks. This deal, if approved, will give the PE fund a controlling interest in the fast-growing Kenyan internet…
Kenyan BNPL startup Wabeh has ceased operations, closing its doors after facing rising loan defaults and strained cash flow. This news comes as a blow to Kenya’s fast-growing buy-now-pay-later (BNPL) industry, which promises people the chance to buy goods and…
South African bitcoin and crypto payments solution provider MoneyBadger has raised $400k in pre-seed round of funding to help it expand its network of partners and establish more use cases for bitcoin in more countries. The funding round, led by…
Bolt launches Family account for users, making it easier for people to book and pay for rides for their loved ones. The new feature, called the Family Profile, lets users add up to nine family members, friends, or close relatives…
Mediamax Network Limited, the media company that owns popular outlets like K24 TV and People Daily, has announced plans to lay off an undisclosed number of staff. This is the sixth time in four years that Mediamax has cut jobs…
Moldova unveils a new incubator for digital agriculture, robotics, and foodtech, marking an important step in modernizing the country’s farming and food sectors. On July 9, 2025, the government of Moldova revealed this innovative incubator at the Agrotek Arena Incubator,…
