From Lagos to Nairobi

Smart Africa, a pan-African initiative focused on digital transformation, has launched the Africa AI Council to drive artificial intelligence (AI) adoption and innovation across the continent. The Council will act as a central body that brings together governments, industry leaders, and academic institutions to develop policies, foster innovation, and create an environment that supports AI-driven…

Nigeria’s Securities and Exchange Commission (SEC) plans to accelerate the issuance of cryptocurrency licenses in 2025 as part of its efforts to regulate the market and protect consumers. This move follows the launch of the Accelerated Regulatory Incubation Programme (ARIP) in June 2024, which has already granted provisional licenses to Nigerian crypto startups like Quidax…

Qualcomm has launched applications for its ‘Make in Africa’ Startup Mentorship Program, aimed at supporting early-stage African startups working with advanced connectivity and processing technologies. Key Details: • Equity-free program offering business coaching, engineering consultation, and IP protection guidance. • Access to Qualcomm engineers and business mentors. • Applications close on February 16, and the…

South African software company Adapt IT Holdings Adapt IT Announces Leadership Changes to Drive Global Expansion South African software company Adapt IT Holdings has announced key leadership changes to strengthen its global expansion and acquisition strategy. Since joining Volaris Group in 2022, Adapt IT has grown significantly and is now part of Omegro, a global…

French media giant Canal+ is restructuring MultiChoice to align with South African regulations on foreign ownership. The plan involves splitting MultiChoice into two independent entities: 1. LicenceCo – A new entity that will hold the broadcasting license, majority-owned by historically disadvantaged persons (HDPs), including Phuthuma Nathi, Identity Partners Itai Consortium, Afrifund Consortium, and a Workers’…

Simplex, a leading CNC machine manufacturing company, has secured a $13 million investment to establish a large-scale factory in Riyadh, Saudi Arabia. This move aligns with Saudi Arabia’s Vision 2030 initiative to localize advanced industries and diversify the economy. Founded in 2013, Simplex has grown into a major player in the industrial solutions sector, serving…