Category: Key developments

The Common Market for Eastern and Southern Africa (COMESA) has unveiled a new digital payments system that enables businesses to conduct cross-border trade using local currencies rather than relying on the US dollar.

African startups raised $140M in September 2025, bringing total funding to $2.2B. Explore key sectors, top deals, and ecosystem growth trends.

PayPal has announced plans to invest US$100 million across the Middle East and Africa, aiming to accelerate innovation, boost entrepreneurship, and nurture more inclusive economic growth in a region experiencing a surge in digital commerce activity.

The African Union (AU) has pledged to mobilize $100 million in public and private investment to overhaul and strengthen Africa’s agrifood systems by 2035.

Africa50, the leading pan-African infrastructure investor and multi-vehicle asset manager, has announced the appointment of Sérgio Pimenta as Chief Executive Officer of its Infrastructure Acceleration Fund (IAF).

Nigerian identity verification firm Smile ID has deepened its alliance with Mastercard in a move poised to hasten the deployment of secure digital identity systems across Africa.

Norfund’s Climate Investment Fund, together with the country’s largest pension company KLP, will commit NOK 850 million (approximately USD 86 million) to establish a new renewable energy vehicle in South Africa called Anthem.

At the Unstoppable Africa 2025 forum, held alongside the 80th United Nations General Assembly, Zimbabwean tycoon Strive Masiyiwa, founder of Econet Global and Cassava Technologies, announced an ambitious plan to build Africa’s first pan-continental network of AI factories.

Alami Capital has taken a bold step toward rewriting the future of women in business with the launch of The LaunchPad, a new venture-building platform unveiled at GITEX Nigeria in Lagos.