African markets and business updates
Latest headlines from African markets, companies, and business sources.
Terra Industries leads $1m round in Aeon to build Africa’s cyber defence layer
Terra Industries leads $1m round in Aeon to build Africa’s cyber defence layer
Aeon will use the funding to develop its cybersecurity products, expand business development, and turn existing pilots with financial services and cloud infrastructure companies into commercial deployments.
Zambia regulator cancels Beeline licence over regulatory breaches
Zambia regulator cancels Beeline licence over regulatory breaches
Zambia’s Information and Communications Technology Authority (ZICTA) has cancelled the operator licence of Beeline, which operated under the Z-Mobile brand, for failing to meet several regulatory obligations.
The banker helping FNB Connect turn cellphones into gateways to everyday life
The banker helping FNB Connect turn cellphones into gateways to everyday life
As a boy growing up in Empangeni, a small town in South Africa’s KwaZulu-Natal Province, Sashin Sookroo had already decided that he wanted to be an engineer.
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth. Founded in 2021, Drive45 Mobility is transforming access to vehicle ownership through a flexible rent-to-own vehicle subscription model, enabling individuals and businesses to access vehicles with manageable payments and minimal upfront capital. Its [...]
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth. Founded in 2021, Drive45 Mobility is transforming access to vehicle ownership through a flexible rent-to-own vehicle subscription model, enabling individuals and businesses to access vehicles with manageable payments and minimal upfront capital. Its [...] Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth.…
G-NEXID's 21st Annual General Assembly calls for stronger cooperation to accelerate sustainable development and trade financing
G-NEXID's 21st Annual General Assembly calls for stronger cooperation to accelerate sustainable development and trade financing
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its 21st Annual General Assembly (AGA) on 14 September 2026 in Geneva, Switzerland, under the theme "Scaling South-South Trade and Development Finance through Strategic Partnerships."
Bankit transitions to WayvePay, unveiling a new era of digital banking and payments
Bankit transitions to WayvePay, unveiling a new era of digital banking and payments
Bankit Microfinance Bank has announced its transition to WayvePay, marking a significant new chapter in its ambition to build a smarter, faster, more secure and accessible digital banking and payments platform for Nigerians. The transition goes beyond a change of name and visual identity, representing the evolution of the bank’s digital banking proposition and its broader […]
Tunis hit by torrential rain, school and university classes suspended
Tunis hit by torrential rain, school and university classes suspended
Torrential rain hit the Tunisian capital on Thursday, raising fears of flooding and forcing the city to suspend classes at schools and universities.
Household Soap Joins Cameroon’s Top 10 Exports With CFA53 Billion in Sales
Household Soap Joins Cameroon’s Top 10 Exports With CFA53 Billion in Sales
Household soap became Cameroon’s ninth-largest export product in 2025, with sales of nearly CFA53 billion, placing a locally processed industrial product among a top 10 still dominated by commodities and primary processed goods. According to the recently published 2025 Report on the Competitiveness of the Cameroonian Economy by the Competitiveness Committee, household soap bars accounted for 1.7% of the country’s export revenue during the year, ahead of raw rubber. Raw cocoa beans remained Cameroon’s largest export, with 25.8% of export revenue, followed by crude oil at 22.5% and liquefied natural gas at 11.6%.…