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ByteDance Nears $7 Billion Exit from Gaming with Potential Moonton Sale to Saudi Group

ByteDance Nears $7 Billion Exit from Gaming with Potential Moonton Sale to Saudi Group

ByteDance, the Beijing-based parent of TikTok, is in the final stages of a strategic pivot that would see it divest its flagship gaming studio, Shanghai Moonton Technology, to Saudi Arabia's Savvy Games Group. According to Reuters sources familiar with the negotiations, the deal is valued between $6 billion

UAE Fresh Commerce Startup QuicKart Secures $1.5M to Shorten Farm-to-Fork Timeline

UAE Fresh Commerce Startup QuicKart Secures $1.5M to Shorten Farm-to-Fork Timeline

As the United Arab Emirates pivots toward food security and supply chain localization, QuicKart, a specialized fresh-commerce platform, has raised $1.5 million in seed funding to scale its direct farm-to-home operations aggressively. The funding round, led by Orbit Ventures with support from regional family offices and angel investors, signals

New du Pay–eSewa Partnership Eases Wallet-to-Wallet Remittances for Nepalese in UAE

New du Pay–eSewa Partnership Eases Wallet-to-Wallet Remittances for Nepalese in UAE

Digital financial services provider du Pay, a subsidiary of du, has made public a strategic partnership with eSewa Money Transfer, Nepal's leading digital-first remittance company. Here is a collaboration aimed at simplifying wallet-to-wallet remittances for the large Nepalese community living and working in the United Arab Emirates (UAE)

Fintech Giant Baobab Group Acquired by Beltone Holdings in €197.6M Transaction

Fintech Giant Baobab Group Acquired by Beltone Holdings in €197.6M Transaction

Egyptian investment giant Beltone Holdings has completed the acquisition of Baobab Group, a Paris-headquartered fintech and microfinance provider, in a landmark deal valued at €197.6 million (approximately $235 million). This transaction was executed in Cairo through Beltone Capital, a subsidiary of Beltone, marking the company's first cross-border

She Wins Africa Project Targets 1,000 Women Entrepreneurs Across the Continent

She Wins Africa Project Targets 1,000 Women Entrepreneurs Across the Continent

The She Wins Africa program led by the International Finance Corporation (IFC) in partnership with the Abdul Samad Rabiu Africa Initiative (ASR Africa), has declared a major expansion from 100 to 1,000 women entrepreneurs across sub-Saharan Africa. This scale-up follows the success of the program’s first cohort, which

New Senegalese Platform Targets Cyber Threats Against Children

New Senegalese Platform Targets Cyber Threats Against Children

Senegal has unveiled a new online platform designed to combat cybercrime targeting children, in partnership with the United Nations Office on Drugs and Crime (UNODC). This initiative was announced in Dakar during the “Safer Children Online” campaign, which aims to raise awareness and provide tools to report cases of online

Zimbabwe Teams Up with UNESCO to Advance Artificial Intelligence Strategy

Zimbabwe Teams Up with UNESCO to Advance Artificial Intelligence Strategy

Zimbabwe has strengthened its partnership with the United Nations Educational, Scientific and Cultural Organization (UNESCO) to grow its newly approved National Artificial Intelligence (AI) Strategy (2026–2030). This partnership was made during a meeting between Zimbabwe’s Minister of ICT, Postal and Courier Services, Tatenda Mavetera, and UNESCO’s Assistant

National Digital Portfolio Project Kicks Off with Morocco’s ‘IDARATI x.0’ App Launch

National Digital Portfolio Project Kicks Off with Morocco’s ‘IDARATI x.0’ App Launch

Morocco has taken a bold step towards its digital transformation plan with the formal launch of the "IDARATI x.0" meta-application and a National Digital Portfolio initiative. The initiative was unveiled after the signing of eight cooperation agreements between the Ministry of Digital Transition and Administrative Reform, the

Payaza Strengthens East Africa Presence After Securing Uganda License

Payaza Strengthens East Africa Presence After Securing Uganda License

The African fintech business Payaza has increased its presence in East Africa after obtaining a Payment System Operator (PSO) license in Uganda. The Bank of Uganda issued the license, which allows Payaza to conduct business directly in the nation, expanding its regulated infrastructure and facilitating smooth cross-border transactions throughout the

Delta40 Raises $20 Million to Invest in and Co-Found African Startups

Delta40 Raises $20 Million to Invest in and Co-Found African Startups

The African venture capital firm Delta40 has concluded a $20million investment fund to support and co-found early-stage companies throughout Africa. This is Africa’s first institutional venture studio and fund capital raise which would connect venture buildings and early-stage investment together with a combination of grants, debt, and equity. Delta40,

Zambia Launches AI for Good Youth Initiative to Drive Digital Innovation

Artificial Intelligence

Zambia Launches AI for Good Youth Initiative to Drive Digital Innovation

The Ministry of Science and Technology in Zambia in conjunction with E-Mark Zambia and Liquid Intelligent Technologies has been initiated to enable young creatives to use robots and artificial intelligence to solve real-world problems. This project is a component of Zambia's involvement in the United Nations AI for

Tanzania Launches Nationwide Addressing System to Boost Logistics and E-Commerce

Tanzania Launches Nationwide Addressing System to Boost Logistics and E-Commerce

Tanzania has ordered the implementation of a residential addressing system as an important effort to boost emergency response coordination, urban planning, and public service delivery. The project is designed to harmonize property identification in both urban and rural arrears, making it easier for people, companies, and government bodies to find

Wimbart Introduces Low-Cost PR Offering for Startups and Emerging Businesses

Wimbart Introduces Low-Cost PR Offering for Startups and Emerging Businesses

Wimbart has created a particular program to help new and developing companies that want to get noticed without having to pay heavy prices of traditional communications services. As growing businesses quest for attention in competitive industries, the project highlights the growing demand for affordably priced strategic communications. The service known

Djibouti Introduces Mobile ID Platform to Advance Innovation and Strengthen Cybersecurity

Djibouti Introduces Mobile ID Platform to Advance Innovation and Strengthen Cybersecurity

Djibouti has taken a big step in modernizing public administration and strengthening cybersecurity with the formal launch of its Mobile ID digital identity platform. Under President Ismail Omar Guelleh's support, the idea of this innovation was presented during the National Digital Identity Forum at the People's

GoCab Secures $45M to Expand Drive-to-Own Model Following $17M ARR Milestone

GoCab Secures $45M to Expand Drive-to-Own Model Following $17M ARR Milestone

Mobility fintech startup GoCab has raised $45 million to expand its groundbreaking drive-to-own vehicle finance strategy across Africa. This announcement came after the company reached $17 million in annual recurring revenue (ARR), signaling strong traction among ride-hailing and delivery drivers. The funding round entails $15 million in equity and $30

Space42’s Thuraya-4 Launch Signals New Chapter for Satellite Connectivity in South Africa

Space42’s Thuraya-4 Launch Signals New Chapter for Satellite Connectivity in South Africa

Space42 has declared the launch of Thuraya 4 mobile communications satellite in South Africa which marks the business's first operational presence in the country. This was announced at an event held in Johannesburg under the jurisdiction of President Cyril Ramaphosa. The launch marks a critical turning point in

South African Fintech Lula Secures $21m From FMO to Expand MSME Lending

South African Fintech Lula Secures $21m From FMO to Expand MSME Lending

A South African fintech firm LULA has been granted million (approximately $21 million) in funding allocated by the Dutch entrepreneurial development bank FMO, which is a major boost to small business lending nationwide. With this funding, Lula will have potential to increase its lending-as-a-service platform and reach additional MSMEs that

South Africa Deploys Scam Signal to Protect Consumers Against Rising Banking Fraud

South Africa Deploys Scam Signal to Protect Consumers Against Rising Banking Fraud

South Africa has officially announced Scam Signal, as an innovative fraud prevention solution designed to ensure customers are protected from the rising risk of Authorized Push Payment (APP) fraud. APP has been recorded as a fraud which primarily occurs when thieves use fake identities, impersonation, or social engineering techniques to

Google Launches Call for Applications for Startup Accelerator Africa Cohort 10

Google Launches Call for Applications for Startup Accelerator Africa Cohort 10

Google has Cohort 10 of the Google for Startups Accelerator Africa in the digital sector on the continent in Lagos, Nigeria. 12-week hybrid program "AI First" accelerator designed for Series Companies that are either based in Africa or are employing AI and machine learning to create solutions, particularly

Liberia’s Surna Technologies Earns Global Recognition for Driving Sovereign AI Innovation

Liberia’s Surna Technologies Earns Global Recognition for Driving Sovereign AI Innovation

POSB Announces Strategic Partnership with Mastercard to Roll Out Remit Outbound Service

POSB Announces Strategic Partnership with Mastercard to Roll Out Remit Outbound Service

The People's Own Savings Bank, popularly known as (POSB) has decided to create a strategic partnership with Mastercard to launch POSB Remit Outbound to serve as an innovative international money transfer business that aims to transform cross-border payments for customers in Zimbabwe. With this new service, POSB customers

Afreximbank Selects Eight Finalists for Its Leading Accelerator Initiative

Afreximbank Selects Eight Finalists for Its Leading Accelerator Initiative

The African Export-Import Bank (Afreximbank) has declared the eight finalists for the inaugural cohort of its flagship Accelerator Program, a three-month initiative launching in March 2026 aimed at empowering Africa's most promising startups driving innovation in intra-African trade. Some of the firms that were chosen are; Daba Finance,

Qualcomm Unveils “Make in Africa” Initiative for African Startups

African startups

Qualcomm Unveils “Make in Africa” Initiative for African Startups

In January 2026, Qualcomm announced the extension of its Make in Africa Startup Mentorship Program, its first program created to support Africa's expanding technology ecosystem. This program is structured to initiate ten early-stage companies from around the continent, which will be chosen by the program to take part

Tony Elumelu-Linked Startup Seeks $100M in New Funding

Tony Elumelu-Linked Startup Seeks $100M in New Funding

The Lagos-based financial technology company Redtech Limited, which is sponsored by Tony Elumelu's Heirs Holdings, has declared publicly its intention to raise up to $100 million in new funding over the course of the following two years. This action was initiated as the business got ready to launch

SkipCash Secures $4M Series A to Scale Digital Payments Across the GCC

SkipCash Secures $4M Series A to Scale Digital Payments Across the GCC

SkipCash is a digital payment platform which is based in Qatar, has raised $4 million in Series investment to expand operations throughout the Gulf Cooperation Council (GCC) and accelerate the start of its smart payment infrastructure, displaying increased investor confidence in the region’s fintech ecosystem. This funding is expected