News

The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a Memorandum of Understanding (MoU) to establish a Licence Passporting Framework for Payment Service Providers

Mind Robotics, an industrial robotics lab spun out of the electric vehicle maker Rivian, has raised $500 million in a Series A funding round co-led by venture firms Accel and Andreessen Horowitz.

Breakout Ventures has closed a $114 million Fund III to back AI-focused early-stage startups working in scientific fields such as biology and chemistry.

Nigerian billionaire Abdulsamad Rabiu has climbed to Africa’s third-richest position, according to Forbes’ 2026 ranking of the continent’s wealthiest.

Peter Obi, the former Governor of Anambra State and 2023 Nigerian presidential candidate, has been honored with the Official Key to the City of Banjul, the capital of The Gambia.

The legendary producer made the cut for the first time, with a net worth of $1 billion, which has mostly been obtained from music and his headphone empire.

Fintech platform True Balance has raised $10 million in debt funding from a group of investors including Northern Arc Capital to support the growth of its lending arm, True Credits Pvt Ltd.

Nigerian American driver Ugo Ugochukwu delivered a commanding performance to secure his first-ever FIA Formula 3 Championship victory at the season-opening Feature Race in Melbourne, Australia.

Persian Gulf ports have turned into military targets. The vital Strait of Hormuz is effectively closed, sending fuel costs and shipping rates soaring. Vessels can’t reach a container hub that handles more volume than Rotterdam between four continents

Omnichannel clothing brand Bonkers Corner has raised Rs 95 crore (approximately $10.5 million) in its Series A funding round, led by India SME Investment Fund

Per a filing first spied by the FT, Alphabet has structured a three-year deal for its Google CEO that could make him one of the highest-paid executives on the planet

Google has expanded its AI Overviews and AI Mode search tools to support 13 African languages in addition to English, giving millions of users across the continent the ability to explore, learn, and create online in their own languages.