South Africa, Nigeria and Kenya hold nearly half of Africa's data centres

Funding

Nigerian startup closes Africa's largest seed round at $52 million

Terra Industries raised an additional $18 million, extending its seed round to $52 million and paving the way for a London office and scaled manufacturing.

Aug 17, 2026

South Africans can now roll over unused data, voice and SMS from 2027

SA telecom regulator ICASA has mandated automatic, free rollover of unused bundles from January 2027. Vodacom and MTN are fighting it in court.

Aug 17, 2026

AI & Innovation

Nigerian students can now learn AI and pitch startups via Meta's new academy

Meta and Nigeria's digital economy ministry launched AI Academy Nigeria, offering developers, students and startups free AI training, bootcamps and a pitchathon.

Aug 17, 2026

Crypto users can now trade on 3 more apps under Nigeria's rules

Nigeria's SEC cleared Pisi Payments, Blockchain.com's local arm, and Yellow Card to operate under its Accelerated Regulatory Incubation Programme, bringing total participants to 14.

Editor's Choice

Airtel customers in Congo can now text via satellite without a dish

Airtel Africa and Starlink have launched the first commercial satellite-to-mobile service in Africa, starting in the Democratic Republic of Congo.

AI & Innovation

AI startup Anthropic's revenue surged 1,360% to $11.5B in one quarter

Leaked investor documents show the Claude chatbot maker's Q2 2026 revenue jumped to more than $11.5 billion, up from $787 million a year earlier.

Startup

Nigerian founders can pitch to 200+ investors at GITEX Lagos in September

NITDA is accepting applications from Nigerian startups across AI, fintech, healthtech and more to showcase at GITEX Nigeria 2026. Deadline: 21 August.

Windows users in Nigeria warned: patch RDP now or risk takeover

NITDA alerts users to patch critical Windows RDP flaws allowing remote code execution and data theft.

Yellow Card shuts retail app, pivots to business stablecoin payments

Yellow Card closed its consumer crypto exchange across Africa on 1 January 2026 to focus on stablecoin infrastructure for businesses.

Nigerian founders can now unlock startup tax breaks, but the delivery still lags

NITDA is coordinating agencies to make Nigeria Startup Act incentives real for labelled startups, from tax holidays to a ₦10bn seed fund.

AI & Innovation

Developers can now run OpenAI's smartest model 14× faster via a new tier

OpenAI is previewing Ultrafast, a Cerebras-powered API tier that runs GPT-5.6 Sol at up to 750 tokens per second. It is open only to select customers.

OPay made $72m profit in 2025 after losing $51m the year before

OPay swung from a $50.98m loss to a $72.47m profit in FY2025 as revenue jumped 161% and transaction volume doubled. Here's what the numbers reveal.

Worth Reading

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Startup

Startup

Startup funding fell 96% in one month — here's what founders should watch

Nigerian startups raised just $4.9m in July 2026, down from $115.2m in June. The headline crash masks a quieter story about which companies are actually struggling.

Aug 8, 2026Adaeze Nwosu

Tech News

Students' data may have opened bank accounts — Nigeria is investigating

Nigeria's data regulator has launched a forensic probe into UNILAG, Lotus Bank and Hackerbella over claims students' personal data was used to open accounts without consent.

Aug 12, 2026Emeka Briggs

Events

Events

Fintechs and Banks can Now Apply for a Lagos Sprint to Turn Gender Data into Real Products

A three-day design sprint in Lagos this September will help financial players turn gender-disaggregated data into practical tools and policies.

Aug 4, 2026The Desk

Insights

Aug 12, 2026victor agbenro

Insights

One in Five Nigerian Stock Trades Now Runs Through a Bamboo App.

How a fintech built for the customer nobody wanted became the busiest name on the Nigerian Exchange — and why deal count and deal value are pulling in opposite directions.

Fintech

Founders can now test crypto and data-driven fintech under new CBN sandbox

Nigeria's central bank opened applications for its second regulatory sandbox cohort, adding dedicated tracks for virtual assets and data-enabled services.

Aug 12, 2026The Desk

More from Fintech

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Our weekly breakdown of the biggest stories in African tech — watch the latest episode on YouTube.

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