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Vale is getting more Nigerians to use its platform for everyday finance
Vale Finance has grown into a much bigger business than the savings and investment platform it started with. The Nigerian fintech says customer placements have grown from ₦100 million in 2022 to more than ₦10 billion in 2026. At the same time, transaction value on the platform has gone from ₦15 billion in 2022 to
Nigeria is putting more advanced AI training into its universities
Nigeria already has a growing number of students using AI tools. The harder part is getting more students to understand what sits behind those tools and giving them the skills to build with the technology themselves. That is what the Africa AI Upskilling Programme (AAUP) is trying to address. The programme launched at the University
Drivva is taking aim at one of Nigeria’s biggest car ownership headaches
Nigeria’s car market is changing, but maintaining a vehicle is still mostly a manual process. When a car develops a problem, most owners still call a mechanic, ask someone for a recommendation or take it to a workshop they have used before. Service records can be just as messy. Owners keep some on paper, others
Spiro’s $100 Million Bet Is on Keeping African Riders Moving
Spiro has raised $100 million in what is being described as Africa’s largest ever investment in electric mobility. The interesting part is not only the size of the investment. It is where Spiro is putting its money.The company is building around electric motorcycles, but more importantly, it is building the infrastructure needed to keep those
Africa is getting more Big Tech investment, but the basics are still holding it back
Google, Meta, Microsoft, Amazon and Starlink are putting more money into Africa's digital infrastructure. Subsea cables are reaching more parts of the continent, satellite internet is expanding and cloud companies are adding services for African customers. For businesses that have spent years dealing with unreliable connections, that is useful. There is still a problem underneath
China’s 4.3 million-car recall exposes a problem South Africa’s new cars are adopting
China is recalling about 4.3 million vehicles after finding a problem with electronic door handles that could make it harder for people to get out of a car after an accident. The recall affects vehicles from 11 manufacturers, including Tesla and Xiaomi. The issue comes down to what happens when the car loses electrical power.
AMACO’s $1.5bn Kenya AI project puts the power problem in focus
Africa is talking more about AI data centres, but there is a basic question that comes with every large project: where will the electricity come from? AMACO Energy Group, a Greek multinational, is proposing a $1.5 billion data-centre project in Mombasa, Kenya. Its HERCULES system would combine the data centre with electricity generation and cooling,
Nissan’s Rosslyn plant buyer is also building police robots
Chery is taking over Nissan’s former Rosslyn plant in Pretoria, but the company has another business that has little to do with cars. Its robotics division, AiMoga Robotics, is preparing for a possible stock market listing as it looks for more money to develop its humanoid robots and increase production. Zhang Guibing, who heads AiMoga
These Kenyan startups raised millions before shutting down. What happened?
Kenya's startup market has produced some big funding rounds. It has also produced some expensive failures. Sendy, Copia, Gro Intelligence, KOKO Networks, MarketForce, Lipa Later, iProcure, Kune, Bonto, Mobius Motors and Notify Logistics all raised significant amounts of money before shutting down, entering administration or going through liquidation. Together, the companies raised more than $500
Volkswagen's Kariega plant sets a new production record
Volkswagen's Kariega plant built 17,009 vehicles in July, its highest monthly production figure so far. The plant's previous record was 16,670 vehicles, set in July 2025. The latest figure puts production 339 vehicles above that mark. Most of the July output was made up of Polos. The plant produced 13,490 Polos for the South African
African content has found a global market. Now comes the fight over the money
Sello Maake Ka-Ncube got a reminder of how far African television has travelled while passing through an airport in Ethiopia. People recognised the South African actor from Blood & Water. Later, in Europe, a group of Spaniards recognised him too. For Maake Ka-Ncube, those moments were about more than personal recognition. They showed that a
African businesses may find a more practical use for stablecoins
Bitcoin is still the first thing that comes to mind when crypto is mentioned. But for an African business that needs to pay a supplier in another country, receive money from an overseas customer or move dollars between markets, Bitcoin is not always the obvious choice. Stablecoins could be more useful. Dollar backed stablecoins are
Chery’s latest move shows how much South Africa’s car market has changed
Chery is putting more resources into Europe, opening a research and development centre in Britain as it continues to grow its business outside China. The centre will open at UTAC Millbrook in Bedfordshire later this year. Chery says its engineers will initially work on chassis, driver-assistance systems and vehicle tuning for British roads, with plans
Dunlop’s R1.7 billion investment could open more work for Ladysmith SMEs
Dunlop Tyres South Africa has completed a R1.7 billion investment in its uMnambithi manufacturing plant in KwaZulu-Natal, upgrading equipment and increasing the factory’s production capacity. For Ladysmith, the investment is about more than the number of tyres coming off the production line. The factory already supports a large workforce, but it also relies on businesses
MTN Nigeria’s latest dividend puts $41 million in government revenue
MTN Nigeria is set to pay shareholders ₦545.89 billion ($406.37 million) in dividends, with the Nigerian government due to collect about ₦54.59 billion ($40.64 million) from the payout. The dividend of ₦26 per share was approved by MTN Nigeria’s board in July, with payment scheduled for September 7. The government’s share comes through the 10%
South Africa's coal producers are benefiting from higher global energy prices
South Africa's coal miners are having a better run after a difficult few years. Coal prices have picked up as the conflict involving Iran puts pressure on global energy markets. At the same time, South African miners are moving more coal by rail. That combination is showing up in company results. Thungela Resources reported a
Kenya's higher electricity charges put more pressure on small businesses
Electricity is becoming another cost for Kenyan businesses to watch closely. The Energy and Petroleum Regulatory Authority (EPRA) has added KSh4.70 per kWh to electricity charges for August. The adjustment includes a KSh3.51 fuel energy charge, a KSh1.1777 foreign exchange adjustment and a KSh0.015 water resource management levy. For a small business, the impact depends
Egypt tests 6GHz mobile spectrum in an African first
Egypt is testing whether the 6GHz band can help its mobile networks handle more traffic. The National Telecommunications Regulatory Authority (NTRA), Telecom Egypt and Huawei carried out the trial. The regulator says it is the first mobile trial of the band in Africa. The test used a 6GHz mobile base station. It reached speeds of
How Uganda’s SMEs can register a business
Starting a business in Uganda can begin with something as simple as selling a product to a few customers. The paperwork often comes later. But as the business grows, being formally registered can become important. Bigger customers may ask for company documents. Banks may want to see formal business information when an owner applies for
Tunisia’s Souha Bejaoui is building a climate-tech business while learning the startup game
Souha Bejaoui knew the corporate world before she started a company. She had spent more than 10 years working in risk, compliance and sustainable transformation. In 2024, she decided to take that experience into a different direction and co-founded ProVerdy with Rahma Abida and Hamza Bêjaoui. ProVerdy helps businesses measure their carbon emissions and keep