Africa

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Google says it has passed its $1bn Africa investment target

Google has exceeded a five-year pledge to invest $1 billion in Africa, the company said on Wednesday at the first Africa Cloud Summit in Johannesburg, alongside a batch of new infrastructure and AI initiatives. The announcement builds on Google’s 2025 launch of a cloud region in Johannesburg, extending a bet on African digital infrastructure that […]

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Spiro takes $55M from China’s NewTrails as it nears a $1bn valuation

The hard part of electrifying a motorcycle in Lagos or Nairobi was never the motorcycle, it was the charging. A rider who earns by the trip cannot afford to sit for hours waiting for a battery to fill, which is why Spiro built its business around swapping instead: pull in, trade a flat pack for […]

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Jumia is cutting another 10% of staff. AI is the framing. Profitability is the deadline.

Francis Dufay told Bloomberg TV the African e-commerce company is implementing AI across operations, logistics, finance, and marketing, and intends to be profitable by the end of the year. The 200 jobs disappearing now sit on top of a workforce that has already shrunk by more than half since 2022. Jumia Technologies is preparing to […]

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South Africa used AI to write its AI policy. The citations were fake.

South Africa’s Department of Communications and Digital Technologies spent months drafting a national artificial intelligence policy. It proposed a National AI Commission, an AI Ethics Board, an AI Regulatory Authority, an AI Ombudsperson, a National AI Safety Institute, and an AI Insurance Superfund. It outlined five pillars of AI governance: skills capacity, responsible governance, ethical […]

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Flutterwave buys Nigeria’s Mono in rare African fintech exit

Africa’s largest fintech company, Flutterwave, has acquired Nigerian open banking startup Mono in an all-stock deal valued between $25 million and $40 million, according to people familiar with the transaction. The acquisition brings together two of Africa’s leading fintech infrastructure companies. Flutterwave operates one of the continent’s widest payments networks, while Mono, often described as […]

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