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Terra Industries Raises $22 Million Extension, Bringing Total Funding to $34 Million

Terra Industries, a Nigerian defense technology startup developing autonomous security systems for critical infrastructure across Africa, has raised an additional $22 million in funding led by U.S.-based venture capital firm Lux...

Jumia Exits Algeria as It Sharpens Focus on Profitability

Ecommerce firm Jumia has ceased operations in Algeria, according to its full-year 2025 financial report, after the country accounted for about 2% of the...

Sophos Acquires UK-based Arco Cyber to Expand Cybersecurity Governance Offering

Sophos, a global cybersecurity company, has acquired UK-based Arco Cyber, a cybersecurity assurance firm focused on helping organisations validate security controls and meet compliance...

Terra Industries Raises $22 Million Extension, Bringing Total Funding to $34 Million

Terra Industries, a Nigerian defense technology startup developing autonomous security systems for critical infrastructure across Africa, has raised an additional $22 million in funding...

Jumia Exits Algeria as It Sharpens Focus on Profitability

Ecommerce firm Jumia has ceased operations in Algeria, according to its full-year 2025 financial report, after the country accounted for about 2% of the...

Spiro Secures $7M from Nithio to Expand African E-Mobility Operations

  African electric mobility company Spiro has secured a $7 million senior debt working capital facility from Nithio’s Facility for Adaptation, Inclusion and Resilience (FAIR),...

Skoot Launches Electric Tuk-tuk in Kenya with SUN Mobility Battery Swapping

Skoot Technology on Wednesday launched an electric three-wheeler in Kenya powered by SUN Mobility’s battery swapping system, targeting urban transport and delivery drivers seeking...

World Radio Day: Kenya launches first trial Digital radio to tackle ‘saturated’ airwaves

Kenya has officially taken its first major step into the future of sound broadcasting by activating a trial for digital radio services in Nairobi. This...

Terra Industries Raises $22 Million Extension, Bringing Total Funding to $34 Million

Terra Industries, a Nigerian defense technology startup developing autonomous security systems for critical infrastructure across Africa, has raised an additional $22 million in funding led by U.S.-based venture capital firm Lux Capital, the company said on Tuesday. The investment extends Terra’s previously announced $11.8 million...

Female CEOs in Africa Receive Lowest Proportion of Funding Since 2019, Report Reveals

The gap between male and female entrepreneurs in Africa has reached a startling new low, as fresh data reveals that women-led start-ups are receiving a smaller slice of the...

Safaricom Appoints Sylvia Anampiu as it Prepares Pay-as-you-go Fibre Broadband Rollout

Safaricom has appointed Sylvia Anampiu as director of fixed business as Kenya’s largest telecoms operator moves closer to rolling out pay-as-you-go fibre broadband for homes and offices. The appointment comes...