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Africa's AI plans are starting with the infrastructure problem
The Korea-Africa programme includes cloud credits, data infrastructure, training and digital projects in countries from Sierra Leone to Rwanda. If you look past the AI label, much of the new Korea-Africa programme is about fairly basic things. Servers. Data. Electricity. Skills. Digital systems.
US approves up to $414m for Niger uranium project
The financing is still conditional, but it gives Global Atomic a clearer path to developing its Dasa project in Niger. The United States has approved a debt facility of up to $414.2 million for Global Atomic's Dasa uranium project in Niger.
Africa’s car industry is starting to deal with a technology problem
Africa has no shortage of plans to build more cars. The harder part may be keeping up with what is being put inside them. Newer vehicles are arriving with more electronic control units, sensors, software and battery technology.
inDrive says Nigeria’s tech talent needs more than training
Nigeria's technology industry does not only have a skills problem. For many people who already have the skills, the harder part is finding the money, work experience and opportunities to put them to use.
AfDB and Korea sign five year deal for African projects
The African Development Bank and South Korea's Export-Import Bank (KEXIM) have signed a five year agreement covering projects in Africa. The deal covers energy, transport, digital infrastructure, artificial intelligence and critical minerals.
Airnergize raises R3.89bn for solar and battery projects in Africa
Airnergize Capital has raised R3.89 billion for its first fund, with its first investments expected to go into commercial solar and battery-storage projects. The South African investment firm has attracted money from both development finance and private investors. The Development Bank of Southern Africa (DBSA) is putting R240 million into the fund.
Biochar Industrial Group raises $1.5m to turn agricultural waste into carbon credits
Biochar Industrial Group (BIG) has raised $1.5 million to build a business around agricultural waste from food processing companies in Africa. The startup, founded by former Releaf executives, plans to install pyrolysis equipment at food factories and use materials such as nut shells, husks and maize cobs to make biochar.
Morocco puts $37 million into startup funds
Morocco is putting MAD347 million ($37 million) into venture capital funds that invest in the country's digital startups. The funding will run for three years under the government's Startup Catalytic Fund, which is being managed by Tamwilcom and backed by the Ministry of Digital Transition and Administrative Reform.
Liberia has $6 million for small businesses, but getting a loan is still not simple
Liberia has a $6 million credit facility for small businesses, but having money available for lending does not mean that every business looking for finance can get it.
How to register a business in Liberia: What startups and SMEs need to know
If you are starting a business in Liberia, the first question is not necessarily what the business will sell. It is what you are registering. A person opening a small retail business, two people starting a partnership and a foreign company entering Liberia will face different requirements.
Africa’s car market is creating a bigger business around repairs and parts
There is a simple business that comes with every car on an African road: keeping it running. Someone has to replace the tyres. Someone has to fix the brakes
BuuPass targets cross border travel payments as African businesses expand
For a small business sending an employee to another African country, the travel booking is often the easy part. The employee still needs money for transport, transfers and other expenses once they arrive.
Baobab Côte d’Ivoire turns to investors for 20 billion CFA francs
Baobab Côte d’Ivoire is looking to raise 20 billion CFA francs from investors as it seeks more funding for its lending business. The microfinance company opened subscriptions for a five-year bond on 10 September, with the offer closing on 24 September 2026.
Terrahex wants to mine Bitcoin with Nigeria’s spare power
Terrahex is building a Bitcoin mining business around a fairly simple idea: find power that is available but not being used, then put mining machines next to it.
Madica puts $1 million into five African startups as it expands into Algeria and Cameroon
Madica has invested $200,000 each in five African startups, taking its bets into Algeria and Cameroon for the first time. The companies are working in areas including HR software, digital payments, chip design and recycling.
A 60-Page Tender Can Be Easier to Work Through With AI
A small contractor can spend half a day going through a tender before even deciding whether to apply. The document might be 50 or 60 pages long.
A $10 Million Solar Factory Is Being Built in Mozambique
Mozambique is starting construction on a solar equipment factory at a time when the country still relies heavily on imported equipment for its solar projects. Lumira Moz Energy is developing the plant at Beluluane Industrial Park, with the first phase expected to cost more than $10 million.
14,000 Young Women in Mozambique Could Receive 100,000 Meticais for Business
For a young woman in Mozambique trying to start a business, the difference between having an idea and actually opening the doors can come down to something as simple as having enough money to buy stock or equipment.
Mozambique Wants Local SMEs to Supply Its Gas Industry
Mozambique is looking for ways to get more of its own businesses involved in the country's growing gas industry. Representatives of the Mozambican business community recently met with the Texas Africa Chamber of Commerce, with discussions covering how US companies could help local small and medium-sized businesses work with gas projects.
Lesaka posts first profit, but its biggest business is going backwards
Lesaka Technologies has finally moved into the black, but its biggest source of revenue is going the other way. The company made $2.8-million in profit for FY2026, a big change from the $91-million loss it reported a year earlier.