BUSINESS UPDATES

China will take the lead to help foster artificial-intelligence collaboration and development among developing countries, President Xi Jinping said at the BRICS bloc summit in New Delhi.

Nigerian fintech startup CreditChek has acquired Ugandan core banking software provider Algosys as it begins its expansion into East Africa.

South African female-led VC fund Grindstone Ventures has launched a new ZAR500 million (US$31 million) fund to invest in high-growth, tech-enabled businesses from seed through Series A

The EV Nigeria Expo & Conference (EVN Expo), Nigeria’s premier platform for electric vehicles and clean mobility, has announced that its 2026 edition will now hold on 25 and 26 November 2026 at the Balmoral Convention Centre,

Oracle founder Larry Ellison has entered into a trading plan that would allow him to sell up to 50 million of his shares in the software company, or $7.5 billion worth of stock at the current price.

OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same.

Dangote Petroleum Refinery & Petrochemicals FZE is set to open one of Nigeria’s biggest public equity offers, giving retail investors an opportunity to own shares in the 700,000-barrel-per-day refinery with a minimum investment of N5,250.

At its annual Roblox Developer Conference (RDC), the company behind the popular gaming platform announced several new features, including new game-creation tools, expanded NPC (non-player character) capabilities

Niteon confirmed it has been selected for a $400k in funding from the UNSEAF a result that founder and CEO Tony Nwose says validates a thesis he’s been building toward for years: that Africa’s trade infrastructure doesn’t need to be imported

Algeria on Thursday severed diplomatic relations with the United Arab Emirates after what it described as the “exhaustion of all means to preserve bilateral ties,” Algerian state media said.

Brent oil spiked to $107 a barrel, before paring some gains, as rising tensions in the Middle East heightened concerns over global supplies.

Google has agreed to buy 1 million carbon credits from Indian climate-tech startup Mitti Labs through 2030, in what the companies say is the largest publicly announced deal to date for credits generated