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Author: Fred Kennedy
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Google Commits $37 Million to Expand AI Development in Africa
Google has announced a $37 million investment to advance artificial intelligence (AI) initiatives across Africa.
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Visa Opens First African Data Centre in Johannesburg to Strengthen Fintech Infrastructure
Visa has launched its first data centre in Africa, selecting Johannesburg, South Africa, as the location.
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Meta Acquires Egyptian Voice AI Start-Up PlayAI
PlayAI, a voice technology company founded by Egyptians Mahmoud Felfel and Hammad Syed, has been acquired by Meta, according to an announcement by global venture capital firm 500 Global.
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Gather Ventures, Backed by Rihanna, Invests in African Women-Led Climate Startups
Gather Ventures, a firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund aimed at supporting women-led startups across Africa. The fund is financially supported by Rihanna’s Clara Lionel Foundation.
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Egyptian Fintech Flend Raises $3 Million to Scale SME Lending Services
Flend, a financial technology company focused on small and medium-sized enterprise (SME) lending, has secured $3 million in seed funding through a combination of equity and debt financing.
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AfDB Approves $40 Million to Boost Renewable Energy Access in Africa
The African Development Bank (AfDB) has committed $40 million in equity investment to Project Zafiri, a new initiative aimed at expanding access to renewable energy in Africa.
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Ethiopia Introduces First Local Credit Card to Modernize Its Financial System
Ethiopia has launched its first locally issued credit card, marking a key step toward digital transformation in its financial services.
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Kenya and Tanzania Launch Cross-Border Fiber Network to Boost Regional Connectivity
Kenya and Tanzania have jointly launched a new terrestrial fiber optic link between Dar es Salaam and Mombasa, a project aimed at improving digital communication and internet access across East Africa.
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10 African Fintech Startups Ranked Among the Top 300 Globally in 2025
Ten financial technology companies from Africa have been included in the 2025 list of the world’s 300 leading fintech firms, compiled by CNBC and Statista.