Category: Key developments

The International Finance Corporation (IFC), part of the World Bank Group, has introduced a new program called the Africa Leadership Economic Advancement and Development for Women (LEAD) Alliance.

Safaricom PLC has reached a major milestone, making history as the first East African business to earn over $3 billion (KES 388.7 billion) in annual revenue.

The Global Fund to Fight AIDS, Tuberculosis and Malaria has procured its first-ever supply of first-line HIV treatment produced in Africa.

A new AI-focused trade and investment hub has been launched through a partnership between the Dubai Centre for Artificial Intelligence (DCAI) and the South African Artificial Intelligence Association (SAAIA).

The 2025 AfricArena Lagos Fintech, Mobility & Logistics Summit concluded on a high note at the Eko Hotel and Suites, Victoria Island, Lagos, with five startups and one investor recognized for their outstanding contributions to Africa’s tech innovation space.

C-One Ventures, a Nigerian investment company with a focus on technology and finance, has completed the acquisition of Bankly, a licensed microfinance bank.

Global banking technology company Velmie has supported the launch of Vult, Sierra Leone’s first digital banking super app, to help expand access to financial services in the country.

Huawei South Africa has unveiled a cutting-edge smart warehouse in Johannesburg, marking a major development in the region’s logistics landscape.

LOXEA Nigeria, part of the CFAO Mobility group, has officially launched BYD (Build Your Dreams) electric vehicles in the Nigerian market, marking a major milestone in the country’s transition towards cleaner mobility.