African News
Gender diversity declined in African tech funding in 2025 even as total investment volumes recovered, according to the latest African Tech Startups Funding Report by Disrupt Africa. A total of 178 startups raised $1.64 billion during the year. While the number of funded ventures dipped slightly, total funding increased 46.2% compared to 2024. Only 30…
The GSMA has secured commitments from 18 smartphone manufacturers to support the rollout of a $40 4G smartphone aimed at reducing Africa’s mobile internet usage gap. The initiative was launched at MWC Kigali in October 2024 and sets minimum technical standards for an affordable 4G device designed for African users. At least 8 vendors have…
Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet. Diluted headline earnings per share rose 3% to 3,628 cents. Return on equity eased to 15.4% from 15.8%. The bank declared…
The Alliance of African Multilateral Financial Institutions (AAMFI) has appointed Dr. Corneille Karekezi as Chairperson of its Governing Council, succeeding Samaila Zubairu, President and Chief Executive Officer of the Africa Finance Corporation (AFC), who served as the Alliance’s second Chairperson following its establishment in 2024. The appointment was confirmed at the Ninth Meeting of the…
Across Africa, governments are introducing digital systems that use individuals’ unique physical measurements to identify them. These systems collect citizens’ biometric and personal data and use it to give people access to essential public services like voting, healthcare, education and social protection. Biometric digital identification systems are often promoted as tools to improve efficiency, inclusion…
Ministers responsible for school meals and education from African Union Member States, together with development partners, civil society, private sector representatives, researchers, youth and children, concluded the 11th Africa Day of School Feeding in Gaborone, Botswana, with a renewed commitment to strengthen integrated school feeding systems across the continent. The 11th Africa Day of School…
Nairobi — The Embassy of Israel in Kenya has warned that Iran’s ballistic missile capabilities extend far beyond Israel’s borders, with ranges that could reach large parts of the Middle East, sections of Europe, and parts of Africa. In a statement issued Tuesday, the embassy said discussions about missile ranges should not be viewed as…
Nairobi — Global communications platform Truecaller has introduced advertising services in Kenya and South Africa as it expands its footprint across Africa. Under the new arrangement, 365 Digital has been appointed the exclusive reseller of Truecaller Ads inventory in both markets. The partnership will allow brands and agencies to access premium, data-driven advertising solutions through…
Afreximbank President, Dr George Elombi addresses the 50th Regular Meeting of the Conference of Heads of Government of the CARICOM in Basseterre, St. Kitts and Nevis Pan African Multilateral Bank, African Export-Import Bank (Afreximbank), has announced a major expansion of its engagement with the Caribbean Community (CARICOM), increasing its regional financing limit from US$3 billion…
Verve International, a subsidiary of Interswitch Group, has reiterated that stronger collaboration among industry players will be critical to shaping the future of Africa’s payments landscape. The firm in a statement noted that the event convened issuer banks, fintech collaborators, merchants and other critical ecosystem stakeholders for strategic engagement, meaningful industry dialogue, and deeper ecosystem…
