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UNCTAD Says Global Energy Transition Needs Over $1 Trillion Annually by 2030.
The world’s shift away from fossil fuels is running into a financial constraint that is becoming harder to ignore, with annual investment needs now estimated at over $1 trillion by 2030. The United Nations Conference on Trade and Development (UNCTAD) highlights that achieving global climate and energy targets will require sustained and large-scale capital flows…
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Vodacom Tanzania and PayPal Link M-Pesa to Global Payments in Push for Cross-Border Money Flow.
Digital payments in Africa are increasingly being shaped by a simple demand: moving money across borders without friction, delays, or unnecessary intermediaries. That demand is at the center of a reported partnership between Vodacom Tanzania and PayPal, designed to connect PayPal users directly with M-Pesa wallets through the M-Pesa Super App. The integration aims to…
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Nigeria’s out-of-bank cash plunges by ₦104.76 billion post-rate cut.
Cash moving outside Nigeria’s banking system has dropped by N104.76 billion, pointing to a small but notable shift in how individuals and businesses are handling money after recent monetary policy changes. Data from the Central Bank of Nigeria shows that the decline followed the Monetary Policy Rate adjustment in February, which changed borrowing and saving…
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Top Tech Events in Africa This Week That Caught My Attention.
Across Africa this week, the tech ecosystem is centered on execution-driven activity rather than large conferences, with AI buildathons, innovation programs, and distributed hackathons shaping the most relevant conversations in software, startups, and applied technology. Build With AI Lagos Buildathon is a hands-on AI-focused hackathon where developers and designers come together to rapidly build and…
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AI Startup Preserves Dementia Patients’ Memories in Nigeria
A Nigerian health-tech startup is exploring an unconventional application of artificial intelligence: preserving cognitive patterns and communication styles of people living with dementia. The initiative reflects a growing intersection between AI and healthcare innovation in Africa, where startups are increasingly using technology to address complex medical and social challenges. The startup, based in Nigeria, is…
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Beltone Venture Capital Sees 271% Revenue Surge After Bosta Exit
Beltone Venture Capital has reported a remarkable 271% surge in revenue following a partial exit from Bosta, underscoring the growing momentum of venture capital activity and successful liquidity events in North Africa’s startup ecosystem. The sharp increase in revenue highlights the impact of strategic exits on venture capital performance, particularly in emerging markets where long…