From Lagos to Nairobi

Moove, the Lagos-born mobility fintech, is inching closer to unicorn status with a fresh $300 million equity raise underway. The company, which provides revenue-based vehicle financing to gig drivers, could see its valuation propel beyond $1 billion, according to The Information Launched in 2020, Moove began by financing ride-hailing vehicles in Lagos, helping drivers get cars…

Africa’s digital commerce sector is entering a new chapter, one defined not by speculation, but by strategic partnerships that reflect long-term confidence in the continent’s growth. One of the most significant developments in this space is AXIAN Telecom’s recent acquisition of a 9.18% stake in Jumia, the leading e-commerce platform operating across multiple African markets….

South Africa and Huawei have entered into a strategic cooperation agreement aimed at accelerating the country’s digital transformation through the adoption and advancement of artificial intelligence (AI) and related innovations. This landmark partnership was formalized during the 2024 ITU World Telecommunication Standardization Assembly (WTSA) held in Cape Town. The agreement is set to strengthen South…

Cloudera announced it has joined the AI-RAN Alliance, a global consortium committed to integrating AI into telecommunications infrastructure. Cloudera joins a pioneering group of innovative telecommunication providers that has joined forces with data and AI companies all focused on driving the AI-RAN agenda and transforming telecommunication networks into intelligent, revenue-generating platforms with real-time data and AI. As telecommunication…

SystemSpecs is a leading Nigerian technology company renowned for pioneering innovations in financial and human capital technology. Established over three decades ago, the company has significantly influenced Africa’s digital transformation journey, particularly in financial technology (fintech), human resource management, and public sector efficiency. Originally starting as a software reseller in 1992, SystemSpecs evolved into a…

Tony Elumelu, the Chairman of United Bank for Africa (UBA) and founder of the Tony Elumelu Foundation, has called for urgent action to secure Africa’s digital sovereignty. Speaking at the VivaTech 2024 conference in Paris, one of the world’s leading tech gatherings, Elumelu emphasized the importance of Africa controlling its digital future by building independent…