Global Shop Group acquires Ivory Coast’s ANKA
New York-based company, Global Shop Group, acquires Ivory Coast’s ANKA, an Ivorian e-commerce startup that raised over $13 million from investors like the International Finance Corporation. “I recently acquired ANKA… because I deeply believe in what this platform represents: a powerful movement that has connected African and diaspora creators to customers
Kenyans ask court to declare Mogo’s lending practices illegal
Mogo Auto Ltd, a Kenyan buy-now-pay-later (BNPL) firm popular among gig workers, has been hit with a class action lawsuit over alleged predatory and unfair lending practices, a case that could have far-reaching implications for the country’s fast-growing asset financing market. Three borrowers, Caroline Nderitu, Wilson Mbogo Gikonyo, and Joseph
Moniepoint raises $90 million to close Series C
Moniepoint raises $90 million to close Series C as Visa and Google deepen Africa bets, bringing the total to $200 million after its initial $110 million raise in 2024. The fresh investment was led by Development Partners International (DPI), with participation from the International Finance Corporation (IFC), Leapfrog Investments, Google’s Africa
Inside Sendy’s Journey: The Startup that Tried to Rewrite African Logistics
In the early 2010s Nairobi’s roads were familiar terrain for Meshack Alloys. At just 13 he was coding, once teaching himself at Laser Hill Academy, and later at the University of Nairobi’s College of Architecture and Engineering. His first startup, Merlloyds Technologies, came in 2008; followed by MTL Systems in
How the Amazon Web Services outage hit South Africa
On Monday, Amazon Web Services (AWS), the world’s largest cloud provider suffered a widespread outage that disrupted several platforms across the globe, from AI tools and government systems to fintech apps. Around 09:00 am South African time, user complaints were already flooding in, according to data from Downdetector. In local WhatsApp
Kenyan court orders Twiga Foods to pay ex-employee $7,800 for unfair dismissal
Twiga Foods, a Kenyan B2B startup, has been ordered to pay a former sales representative over KES 1 million ($7,800) after the Employment and Labour Relations Court found that his dismissal was unfair. In a judgment delivered virtually on October 9, Justice Linnet Ndolo ruled that Twiga wrongfully fired Maxton Duke
Today Africa Weekly | October 13 – 19, 2025
Last week (October 13 – 19, 2025) was one of those weeks that remind you just how fast things shift in the African tech ecosystem. Startups are raising again, slowly, but with intent. Morocco and East Africa saw the biggest movement, while smaller rounds in Egypt and Central Africa quietly
How Entrepreneurs can Leverage Open Banking APIs in Africa
In 2018, when Nigeria’s fintech ecosystem was still finding its rhythm, few could have predicted how quickly Africa would embrace digital finance. Mobile money had already taken root in East Africa, but something deeper was brewing, a quiet shift toward openness. Today, Open Banking has become one of the most
Rising costs leave 38% of Nigeria’s SMEs earning under ₦10k profit daily
38% of Nigeria’s SMEs make less than ₦10,000 ($6.78) in daily profit, according to Moniepoint’s 2025 Informal Economy Report, suggesting that small businesses, critical engine of the country’s economy, remain stuck in survival mode rather than scaling toward growth. The study, which leveraged Moniepoint’s data of 5 million businesses and physically
Inside PiggyVest’s Journey: How an Idea Changed How Nigerians Save
There was a time when saving money in Nigeria felt like a test of willpower, or worse, a gamble. Banks weren’t exactly built for young people trying to set aside a few thousand naira at a time. Hidden fees, clunky systems, and a general sense of mistrust made it easier
