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Read more about the article Jumia Gets $50 Million Backing as Profitability Nears

Jumia Gets $50 Million Backing as Profitability Nears

Prime Highlights  Jumia has raised $50 million to strengthen its African e-commerce and logistics operations.   The company expects to reach profitability for the first time in the fourth quarter.   Key…

Continue ReadingJumia Gets $50 Million Backing as Profitability Nears
Read more about the article Kenya Ranks First Worldwide In Monthly AI Adoption

Kenya Ranks First Worldwide In Monthly AI Adoption

Prime Highlights Kenya records 97.5 percent monthly AI adoption, ahead of the United Arab Emirates at 94.2 percent and Indonesia at 93.6 percent.   Report finds 4.02 billion adults worldwide, or…

Continue ReadingKenya Ranks First Worldwide In Monthly AI Adoption
Read more about the article Sanlam Allianz Kenya Posts Fourfold Rise In Half-Year Profit
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Sanlam Allianz Kenya Posts Fourfold Rise In Half-Year Profit

Prime Highlights :  Balance sheet crosses $310 million for the first time, with solvency ratio at 266 percent.   Company launches Income Drawdown Fund and expands savings range through Flexi Future…

Continue ReadingSanlam Allianz Kenya Posts Fourfold Rise In Half-Year Profit
Read more about the article Egypt Seeks US Investment and Technology for New City Projects

Egypt Seeks US Investment and Technology for New City Projects

Prime Highlights  Egypt and the US are exploring partnerships in housing, new cities and infrastructure.   Talks also covered seawater desalination and technology transfer.   Key Facts  Randa El-Menshawy is Egypt’s Housing…

Continue ReadingEgypt Seeks US Investment and Technology for New City Projects
Read more about the article Financial Times Gathers African Leaders for 13th Africa Summit
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Financial Times Gathers African Leaders for 13th Africa Summit

Prime Highlights Financial Times confirms its 13th FT Africa Summit for October 21 and 22, 2026, at The Landmark in London, themed around mobilizing growth in a new global order.  …

Continue ReadingFinancial Times Gathers African Leaders for 13th Africa Summit
Read more about the article Raxio strengthens Uganda leadership as data demand grows
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Raxio strengthens Uganda leadership as data demand grows

Prime Highlights Raxio appoints Dennis Kahindi to lead Uganda operations. Kahindi brings over 20 years of technology experience. Key Facts Raxio operates data centres across six African countries. The company…

Continue ReadingRaxio strengthens Uganda leadership as data demand grows
Read more about the article African Development Bank Backs $332 Million Package For South African SMEs
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African Development Bank Backs $332 Million Package For South African SMEs

Prime Highlights-  African Development Bank invests $332 million in Standard Bank security to fund South African SMEs.   Separate $1 million grant to support digital tools, development programmes for women-led businesses.  …

Continue ReadingAfrican Development Bank Backs $332 Million Package For South African SMEs
Read more about the article EBID Backs Bauchi State With $91.6 Million Transport Infrastructure Deal
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EBID Backs Bauchi State With $91.6 Million Transport Infrastructure Deal

Prime Highlights EBID signs $91.63 million financing agreement to fund 24 road and bridge projects across Bauchi State, Nigeria.   Programme aims to boost connectivity, cut transport costs and strengthen Bauchi…

Continue ReadingEBID Backs Bauchi State With $91.6 Million Transport Infrastructure Deal
Read more about the article AFS and Mastercard Introduce Unified Business Payments Platform in UAE and Egypt

AFS and Mastercard Introduce Unified Business Payments Platform in UAE and Egypt

Prime Highlights  Mastercard and AFS have launched a unified business payments platform for the UAE and Egypt.   The solution combines corporate cards with digital payment and expense management tools.   Key…

Continue ReadingAFS and Mastercard Introduce Unified Business Payments Platform in UAE and Egypt
Read more about the article AvadaPay strengthens digital payment services across African markets

AvadaPay strengthens digital payment services across African markets

Prime Highlights  AvadaPay launched a Soft POS platform that enables businesses to accept Mobile Money payments using Android smartphones and tablets.   The solution supports QR codes, payment requests and payment…

Continue ReadingAvadaPay strengthens digital payment services across African markets
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Recent Posts

  • DKSH to Acquire Dubai-Based NewBridge, Adding Offices in Egypt, Algeria and Morocco
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Latest Posts

DKSH to Acquire Dubai-Based NewBridge, Adding Offices in Egypt, Algeria and Morocco

DKSH to Acquire Dubai-Based NewBridge, Adding Offices in Egypt, Algeria and Morocco

Bank of Africa Hands Shareholders 5.1 Million Bonus Shares to Build Stronger Capital Base

Bank of Africa Hands Shareholders 5.1 Million Bonus Shares to Build Stronger Capital Base

Pradeep Chaurasiya Named TVS Motor Business Head of Africa Across 50 Plus Countries

Pradeep Chaurasiya Named TVS Motor Business Head of Africa Across 50 Plus Countries

CANEX WKND Lagos Connects African Designers With Global Buyers

CANEX WKND Lagos Connects African Designers With Global Buyers