Swedfund invests $15m in TLG’s Africa Growth Impact Fund II to help African SMEs recover, create jobs, and strengthen local economies across the continent.
Top stories
News
Top stories
PalmPay tops the Financial Times’ 2025 list of Africa’s fastest-growing fintechs, reporting strong revenues, 15 million daily transactions, and plans to expand into four more African countries by year-end.
After 12 years and one million deliveries, Nigerian logistics company, Cargoplus is expanding to the UK to streamline shipping between the UK and Nigeria.
Opera which owns 9% ($258 million) of OPay is officially launching a stablecoin app for Africans. Previously embedded in the Opera browser, the app already has 7 million users.
Nigerian delivery startup Chowdeck has officially launched in Ghana, introducing a customer referral scheme, a tiered reward system and an extensive rider training programme
Strong growth in Nigeria and Ghana helped MTN Group post a 33% profit surge in Q1 2025, with rising data and fintech revenues powering performance in both key markets.
Safaricom posts an 11% profit jump to $540 million, with reduced Ethiopia losses and strong Kenyan growth.
Safaricom is exploring satellite partnerships as competition with Starlink grows, signalling a shift in Kenya’s internet market and pushing for regulatory reforms.
Nigeria, South Africa, Ghana, and four other African countries can now participate in the $1 million CODM World Championship as Activision recognises Carry1st’s Africa Cup.
A Federal High Court has ruled that the FCCPC overstepped its bounds in challenging MultiChoice’s price hike, violating the company’s right to fair hearing.
Airtel Africa processed $145 billion in mobile money transactions in FY 2025. Despite currency challenges, the company posted strong gains, boosting its full-year profit to $328 million.
Airtel Africa has postponed the IPO of its mobile money unit to 2026, pushing back its original 2025 target as it focuses on expanding its digital payments business.
Swedfund has invested $15m in TLG Capital’s Africa Growth Impact Fund II to support struggling African SMEs, aiming to preserve jobs and fuel sustainable growth.
Backed by Google for Startups and angel investors from Tesla, Nigerian healthtech startup Plato Health has raised $1.4 million in pre-seed funding to scale its AI-driven platform and smart medical devices that help users monitor and manage chronic conditions from home.
Kenya orders Worldcoin to delete citizens’ biometric data, setting a bold precedent for digital privacy and data sovereignty in Africa.
CSCS and MTN have partnered to launch *7270#, a USSD code that lets users check and manage investments without internet access, boosting financial inclusion nationwide.
Africa’s startup funding bounced back in April 2025, pulling in $343 million as South Africa and Egypt led the funding landscape.
Chams’ Q1 profit before tax dropped 54% to ₦181.5m despite revenue growth, as soaring finance costs weighed on the tech firm’s earnings.
MoneyFellows raises $13m to digitise traditional savings groups and expand beyond Egypt, starting with Morocco later this year.
Meta may shut down Facebook and Instagram in Nigeria over nearly $300 million in fines and strict data rules that it deems unrealistic.
Flutterwave CTO Gurbhej Dhillon exits after three years, marking another high-profile departure. His tenure included key partnerships and the relaunch of Send App, serving 34+ countries.