Nigeria: Paga Founder Moves to Group CEO As Fintech Targets Expansion

Tayo Oviosu is stepping back from day-to-day operations at Paga after 17 years, moving into a Group CEO role as the company restructures its leadership. Read more »

Africa: SMC DAO Acquires Nigeria's Bread Africa in Crypto Consolidation Move

SirMapy and Co DAO has acquired Nigerian crypto startup Bread Africa in an all-cash six-figure deal, as consolidation continues in the country's digital asset sector. Read more »

West Africa: Media King Targets Nigeria With Cloud-Based Public Wifi Model

Croatia-based Media King Group is expanding into Nigeria, aiming to deploy a cloud-managed public WiFi system in one of Africa's most complex connectivity markets. Read more »

Africa: Egypt Leads As African Tech Startups Raise $711m in First Quarter

African startups raised $711 million across more than 80 deals in the first quarter of 2026, according to data tracked by TechCabal Insights. About 18% of deals had undisclosed… Read more »

Nigeria: Flutterwave Gets Nigerian Banking License to Expand Payments Control

Flutterwave has obtained a banking license in Nigeria, allowing the company to hold deposits and process financial flows directly within the country's regulated system. Read more »

Africa: Cascador Opens Applications for Scaleup Program for African Founders

Cascador has opened applications for its 2026 ScaleUp program, targeting growth-stage founders building businesses across the continent. Read more »

Morocco: Morocco-Based Zsystems Raises $1.65m to Digitise Retail Supply Chains

ZSystems has raised 1.65 million dollars in a seed round led by Azur Innovation Management, as the company expands its platform linking brands, wholesalers, and retailers. Read more »

North Africa: Egypt Expands Startup Support Beyond Cairo With Aswan Program

Information Technology Industry Development Agency has supported 61 startups in Upper Egypt through a program run with Plug and Play, as the country seeks to broaden its tech… Read more »

North Africa: Egypt's Lucky Raises $23m to Expand Consumer Credit Platform

Lucky has raised 23 million dollars in a Series B round combining equity and debt, as the company looks to expand its consumer credit platform and enter new markets. Read more »

Africa: BRVM Updates Benchmark 30 Index With New Entrants and Exits

Bourse Régionale des Valeurs Mobilières has revised the composition of its benchmark BRVM 30 index following its quarterly review, according to a notice published on… Read more »

Burkina Faso: Bank of Africa Burkina Faso Confirms to Pay Dividends On April 23

Bank of Africa Burkina Faso (BRVM: BOABF), a unit of Morocco's BMCE Group, will pay a net dividend of 397 XOF ($0.70) per share on April 23, 2026, for the 2025 financial year, the… Read more »

Cote d'Ivoire: Boa Côte d'Ivoire Plans to Distribute $47.5m in Dividends for 2025

Bank of Africa Côte d'Ivoire (BRVM: BOAC), a unit of Morocco's BMCE Group, posted a net profit of 35.54 billion XOF ($62.4 million) for the year ended December 31, 2025,… Read more »

Cote d'Ivoire: TotalEnergies Ci Net Profit Falls 3 Percent to 9.09b Xof in 2025

TotalEnergies Marketing Côte d'Ivoire (TTLC), the BRVM-listed fuel retailer and unit of TotalEnergies, posted a net profit of 9.09 billion XOF ($15.9 million) for the year… Read more »

South Africa: Coca-Cola Plans to Invest $1b in South Africa Expansion Through 2030

Coca-Cola Co. will invest 17.6 billion rand in South Africa through 2030 to expand production and distribution. The company said the funding will support capacity growth and… Read more »

South Africa: Cape Town Eyes Higher-Value Outsourcing Jobs in $413b Market

Cape Town is seeking to expand beyond call-center operations by developing a global capability center sector, aiming to create higher-value jobs in business services. Read more »

East Africa: Ethiopia Secures $13b in Investment Deals Across Key Sectors

Ethiopia signed investment agreements worth about $13.1 billion across sectors including renewable energy, manufacturing, mining and real estate, as it seeks to attract foreign… Read more »

Africa: Mozambique Becomes Africa's Most Distressed Sovereign As Spreads Surge

Mozambique has overtaken Senegal as Africa's most distressed sovereign borrower, as rising global energy costs add pressure to its finances. Read more »

Africa: Iran War Drives Fuel Shock Across Africa As Govts Scramble to Respond

The war involving Iran is pushing fuel prices higher across Africa, forcing governments to take emergency measures as supply tightens and costs rise, according to a Bloomberg… Read more »

Senegal: S&P Downgrades Senegal Deeper Into Junk As Debt Risks Rise

S&P Global Ratings downgraded Senegal's local currency rating to CCC+/C from B-/B and affirmed its foreign currency rating at CCC+/C, with a negative outlook, citing rising… Read more »

Africa: AfDB Commits $5.7m to Finance Solar Mini-Grids in Africa

African Development Bank will provide $5.65 million to support a financing mechanism for solar mini-grids in Central African Republic, Chad, Nigeria and the Democratic Republic of… Read more »

Cote d'Ivoire: Alios Finance Côte d'Ivoire Expands Product Suite for SMEs, Consumers

Alios Finance Côte d'Ivoire launched a new range of financial products aimed at businesses and individuals, expanding its Alios Performance offering to 10 solutions. Read more »

Cote d'Ivoire: Orange Côte d'Ivoire Launches Mobile Pro Offer for Entrepreneurs

Orange Côte d'Ivoire launched Mobile Pro, a prepaid mobile offering aimed at entrepreneurs and small businesses seeking integrated communication services. Read more »

Africa: Africa Bitcoin Corporation Builds Treasury With 5 Bitcoin

Africa Bitcoin Corporation holds 5.0246 Bitcoin in its corporate treasury as it advances a long-term strategy to accumulate digital assets on its balance sheet. Read more »

Nigeria: Kuda Lays Off Staff in Restructuring to Align With Growth Strategy

Kuda has laid off employees across multiple departments as part of a company-wide restructuring aimed at aligning operations with its next phase of growth. Read more »

Botswana: Botswana Launches Program Linking Startups to $150m Climate Fund

Botswana Innovation Fund and Scalar International launched the Scalar Botswana Innovation Program, a 12-month initiative to support climate and digital technology startups. Read more »