Business
BusinessUber's 14.8 billion dollar acquisition of Glovo parent Delivery Hero faces antitrust scrutiny across Kenya, Nigeria, and North Africa, where it would merge the top delivery rivals.
BusinessNesa Power secured about 150 million rand, roughly 9 million dollars, in mezzanine debt from Maia Capital to expand commercial and industrial solar under long-term PPAs.
BusinessSouth Africa's HyperDev, an AI coding platform founded by former OpenAI and Google engineers, raised over 1 million dollars in pre-seed funding as it approaches 100,000 users.
BusinessSix Nigerian fintechs made CNBC and Statista's 2026 World's Top Fintech Companies list, over half of Africa's 11 entries, cementing Lagos as the continent's fintech capital.
BusinessStablecoins are increasingly relevant to Kenyan freelancers, agencies, and small exporters who need faster dollar payments and protection from currency friction.
BusinessBasiGo's electric bus push is moving from proof of concept to infrastructure challenge, with charging, depots, and financing now in focus.
BusinessRose Muturi will lead Moniepoint's Kenya operation as the Nigerian fintech tries to turn its Sumac acquisition into a real SME banking push.
BusinessUber's agreement to buy Delivery Hero would bring Glovo into the same group as Uber Eats, a major shift for Kenya's food and grocery delivery market.
BusinessNVIDIA's RTX Spark platform is a direct challenge to Intel and AMD in Windows PCs, built around local AI, Arm, Blackwell graphics, and huge shared memory.
BusinessIntel's 2026 CPU price increases are narrow but revealing: desktop bumps are modest, server hikes are steep, and AMD gets a value opening.
BusinessThe metal card targets high-value Kenyan customers with lounge access, concierge services and high credit limits. The real story is the race to own premium digital banking relationships.
BusinessSafaricom shareholders will vote on fourteen resolutions that turn Vodafone Kenya's 55 percent stake into formal boardroom control.
BusinessKenya's Finance Act 2026 expands the definition of royalty to cover software and digital-platform payments, changing the tax treatment of many cross-border contracts.
BusinessKOKO Networks' clean-cooking technology is being marketed to buyers after the company lost the carbon-credit approval that supported its fuel subsidy.
BusinessApple's rumored iPhone Ultra foldable is being framed by analysts as a premium device near $2,500, with shipment expectations that would test how high flagship phone prices can climb.
BusinessAfrican fintech is moving beyond payment apps into credit, B2B infrastructure, embedded finance, and debt-funded models built around real cash flows.
BusinessThe Bank of Tanzania has opened applications for the third cohort of its fintech regulatory sandbox, with submissions due by July 31, 2026.
BusinessNigerian businesses are using stablecoins as a bottom-up workaround for dollar scarcity, slow settlement, and cross-border payment friction.
BusinessPhase II of the African Exchange Linkage Project expands the network to 11 exchanges and more than 50 brokers, pushing African capital markets closer together.
BusinessAfrican fintech is consolidating fast as stronger companies buy data rails, licences, local footholds, and distressed rivals.
BusinessNew research says EVs are close to cost parity across much of Africa, with expensive financing now doing more to slow adoption than the technology itself.
BusinessToyota's first fully electric car in South Africa is a cautious, expensive signal that the country's EV market can no longer be ignored.
BusinessThe EU Regional Business Forum put West Africa's Abidjan to Lagos corridor in front of investors, with rail, urban mobility, trade facilitation, and logistics on the table.
BusinessBYD delivered 557,090 fully electric vehicles in Q2 2026, ahead of Tesla's 480,126, while NIO posted its best month of the year.
BusinessKenya's Nairobi International Financial Centre has certified 15 firms in AI, fintech, digital assets, and capital markets, with projected investment of about Sh25.9 billion.
BusinessKenya has received about Sh244.5 billion from the Vodacom Safaricom transaction, with the money headed into the National Infrastructure Fund.
BusinessGoogle Play's first Indie Games Fund for Africa offers equity-free grants of 50,000 to 200,000 dollars to independent studios, with Kenya among eligible countries.
BusinessThe Nairobi Securities Exchange and Airtel Kenya have new leaders, with Tom Mulwa named NSE chairman and Djibril Tobe taking over as Airtel Kenya managing director.
BusinessSouth Africa is framing its digital-economy push around six priorities: subsea cables and telecoms, AI, data centres, cybersecurity, startups, and cross-border digital transformation.
BusinessVodacom now controls about 55% of Safaricom after completing a $2.1 billion transaction, while Kenya's government keeps a 20% stake.
BusinessVolkswagen Group Africa is taking cautious hybrid steps in South Africa while pressing government for clearer new-energy-vehicle policy.
BusinessAirtime and data lending has resumed in Nigeria after a suspension linked to FCCPC digital-lending rules and a court fight.
