Category: Key developments

Nearly half of Africa’s population, about 600 million people, remain without electricity in 2024.

Visa, a global payments powerhouse, has selected 22 fintech startups to join the fourth edition of its Africa Fintech Accelerator.

The International Monetary Fund (IMF) has released its July 2025 update on the global economy. For Africa, the outlook is cautiously optimistic.

Botswana has launched one of the most ambitious infrastructure projects in its history — a $20 billion smart city in the Kalahari Desert, known as Kalahari City.

Nigerian electric mobility startup MAX has introduced its first solar-powered battery swap station, aiming to offer a clean and reliable energy solution for transport operators across West Africa.

Africa’s Business Heroes (ABH), a program under Alibaba Philanthropy, has named the 50 finalists for its 2025 edition, drawing from a record number of applicants across the continent.

Visa has launched its first data centre in Africa, selecting Johannesburg, South Africa, as the location.

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.

Ethiopia has launched its first locally issued credit card, marking a key step toward digital transformation in its financial services.