Kenya’s KCB retains slice of NBK assets after Access Bank takeover
Kenya’s biggest bank by assets, KCB Group, retains slice of NBK assets after selling the lender to Nigeria’s Access Bank, as some shared clients opted to stay with the Kenyan bank. The sale of NBK, concluded on May 30 for an estimated $100 million, transferred the troubled lender in full to Access. But
How Startups are Leveraging AI in Africa to Drive Innovation & Growth
Imagine a bee farmer in Nigeria using a smartphone app powered by machine learning to know the state of their beehives, or a community health worker in Kenya consulting an AI-powered tool to support maternal care services. These scenarios aren’t science fiction – they’re happening today. Across the continent, entrepreneurs
Why Agribusiness is Africa’s Next Big Goldmine
Africa is sitting on a treasure chest worth trillions—yet it’s not hidden beneath the ground like gold or diamonds. It’s growing in the soil, swimming in the waters, and walking on the land. That treasure is agribusiness. With 60% of the world’s uncultivated arable land, a youthful workforce, a rising
Ajua and RMS merge as battle for customer experience services heats up
Ajua, a Kenyan consumer experience startup, has merged with Rate My Service (RMS), another Kenyan firm that builds tools for businesses to measure and improve customer and employee interactions. The merger reflects a growing push among Kenyan tech firms to consolidate capabilities and scale beyond their home market, as competition from
Top 10 Fastest-Growing Industries for African Entrepreneurs
Africa is not only a continent of untapped potential but a continent of unstoppable momentum. From fintech hubs to solar farms lighting up rural villages, African entrepreneurs are building solutions that solve local problems and scale globally. The opportunities have never been more exciting. With one of the world’s youngest
MyKreeb Launches V2.0: Smarter Rental Intelligence with Advanced Tenant Verification
Lagos, Nigeria (13th August, 2025) MyKreeb, a fast-growing PropTech startup, announces the launch of MyKreeb 2.0, itsupgraded home-rental intelligence platform, alongside a robust tenant verification tool — built tohelp landlords, realtors, shortlets, and property managers make smarter leasing decisions in Nigeria’scomplex housing market. “Renting a home in Africa is often
IHS Towers shares surge 8% after beating Q2 2025 expectations
IHS Towers shares surge 8%, with the company posting a second-quarter profit — a sharp turnaround from last year’s loss — as Nigerian currency stabilization and client tariff increases boosted its bottom line. The African continent’s largest independent mobile infrastructure provider reported net income of $32.3 million. This marks a
Chowdeck raises $9 million to fuel Nigeria, Ghana expansion
Y Combinator-backed on-demand delivery platform, Chowdeck, raises $9 million to fuel expansion into more cities across Nigeria and Ghana. The raise comes just a month after the company’s successful expansion into Ghana, signalling strong investor confidence in its hyper-local strategy for the African market. The round was led by pan-African
Inside Lipa Later’s Journey: From BNPL Pioneer to Hard Lessons in African Fintech
In the mid-2010s, Africa’s e-commerce and fintech sectors were buzzing with optimism. Internet penetration was climbing, smartphone adoption was accelerating, and a young, tech-savvy population was eager for innovative solutions that could make life easier. Among the bold startups that emerged during this wave was Lipa Later, a Kenyan-born fintech
Today Africa Weekly: Tech news recap | August 4–10, 2025
Last week, August 4–10, 2025, the African startup ecosystem recorded modest but meaningful activity, driven by fresh capital inflows and infrastructure investments. Key themes included targeted infrastructure plays—particularly in payments and merchant tooling—and sustained investor interest in pragmatic, revenue-focused startups. In this edition of Today Africa Weekly, we round up
