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Nairobi to be Home of the First OpenAI Academy Initiative in Eastern Africa

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Nairobi is likely to be home of the first OpenAI Academy initiative in Eastern Africa if Kenya’s president William Ruto is to be believed after his meeting on the margins of the G7 Leaders’ Summit with OpenAI Chief Executive Officer Sam Altman.

President William Ruto said he held discussions with OpenAI Chief on opportunities to deepen collaboration in artificial intelligence and digital transformation.

According to President Ruto, discussions focused on potential areas of cooperation including establishing Nairobi as the home of the first OpenAI Academy initiative in Eastern Africa. The proposed collaboration would seek to expand AI education, strengthen digital skills development, support educators and learners, and reinforce Kenya’s position as a regional hub for AI talent and innovation.

“We explored potential collaboration through establishing Nairobi as the home of the first OpenAI Academy initiative in Eastern Africa, expanding AI education, strengthening digital skills, supporting educators and learners, and reinforcing Kenya’s position as a leading hub for AI talent and innovation,” said President Ruto. “I underscored the importance of harnessing emerging technologies to create opportunities for young people, drive innovation and ensure Africa plays a meaningful role in shaping the future digital economy.”

President Ruto said emerging technologies should be leveraged to create opportunities for young people and drive innovation while ensuring Africa plays a meaningful role in shaping the future digital economy.

The discussions reflect Kenya’s continued efforts to strengthen its digital economy agenda and position itself as a leading technology and innovation center in the region.

No further details were immediately available regarding timelines, funding commitments, or formal agreements arising from the discussions.

CapitalSage Agrees to Acquire Chimoney After Startup Moved Toward Wind-Down

CapitalSage Vantage Limited, a subsidiary of CapitalSage Holdings, has signed an agreement to acquire Chi Technologies Inc. and its subsidiaries, marking an unexpected turnaround for fintech startup Chimoney just weeks after its co-founder and CEO announced plans to wind down operations.

The acquisition would give CapitalSage its first payments entity in Canada, expanding the multinational group’s footprint across the United Kingdom, the United Arab Emirates, Nigeria, Kenya, The Gambia and other markets.

The deal comes roughly four weeks after Chimoney publicly disclosed it was shutting down after struggling to resolve core challenges around distribution and liquidity despite building payments infrastructure.

“When I announced the wind-down in May, I was honest about what went wrong,” said Uchi Uchibeke, co-founder and CEO of Chimoney. “We built real infrastructure but never solved distribution or liquidity.”

According to the company, CapitalSage initiated discussions shortly after the shutdown announcement.

CapitalSage is led by executives with extensive financial services experience. Group CEO Abiola Bawuah previously spent more than 25 years in banking across Africa, including serving as chief executive for United Bank for Africa’s operations across 20 countries. Founder John A. Alamu started CapitalSage in 2014 as a microlending business with initial capital of N100,000 and has since grown it into a diversified group spanning fintech, agribusiness, manufacturing and healthcare across three continents.

Executives from CapitalSage traveled to Toronto this week to formalize the agreement, with the signing taking place at OneEleven Innovation Hub. The visit also included a private dinner with financial services executives, investors and community leaders ahead of the group’s planned expansion into Canada.

Financial terms of the transaction were not disclosed.

Under the agreement, Chimoney said all existing investors will be repaid in full upon closing, a condition the founder described as non-negotiable.

“Every person who believed in this company when it was just an idea will get their money back,” Uchibeke said. “How you close something matters as much as how you build it.”

Employees will also participate in transaction proceeds, recognizing contributions from teams that built and operated the platform.

Chimoney’s platform is expected to continue operating under CapitalSage ownership. Uchibeke will lead the transition, including relaunching the platform, re-engaging customers, activating U.S. payment corridors and handing over operations to the acquiring group.

The transaction will close in phases to comply with regulatory requirements, including re-registration under Canada’s Retail Payment Activities Act.

For founders in the fintech sector, the deal underscores how quickly trajectories can shift even after a public wind-down announcement. What began as the closure of a startup has evolved into an acquisition and a renewed operating path under a larger financial group.

“The next chapter starts now,” Uchibeke said.

PawaPay Processes 3 Billion Mobile Money Transactions as Daily Volumes Double

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PawaPay has processed three billion mobile money transactions on its platform, as daily volumes nearly doubled over the past nine months driven by increased cross-border and merchant payment activity across Africa.

The company said the milestone was reached in under nine months, about three months faster than the previous billion transactions. Daily volumes rose from roughly 2.4 million in September 2024 to about five million.

The growth comes amid continued expansion in Africa’s mobile money ecosystem. The GSMA reported that mobile money transaction value across the continent rose 26% last year, while global merchant payments increased 50% to $155 billion in its 2026 State of the Industry report.

PawaPay said usage has expanded across transport operators, subscription services, remittance providers and small businesses.

The company connects merchants to about 50 mobile money operators across 20 African markets through a single application programming interface, providing access to more than one billion wallets. It holds regulatory licences in several jurisdictions where required.

To date, PawaPay has processed more than €10 billion in payments.

The platform handles operator connectivity, settlement, foreign exchange, reconciliation and compliance. The company has also used stablecoins in treasury operations since 2022 to reduce settlement delays and currency exposure across markets.

“Businesses expanding across Africa should not have to build a payments company inside their own organisation,” said Heiti Allak, director of product at PawaPay. “Three billion transactions reflect everyday economic activity across transport, subscriptions, remittances and humanitarian payments.”

Clients include online trading platform Deriv and nonprofit GiveDirectly, which use the platform to operate across multiple African markets through a single integration.

PawaPay has positioned itself as a cross-border payments infrastructure provider for businesses operating in Africa’s fragmented mobile money landscape.

AI Adoption Must Be Driven by Business Value, Not Hype, Industry Leaders Told

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Financial institutions across Africa must focus on business value, cyber resilience and leadership if they are to successfully harness the transformative potential of artificial intelligence (AI), speakers said during the opening day of BFSI Week 2026.

Held from June 17-18 under the theme “Powering Africa’s Financial Transformation,” the event brought together more than 300 decision-makers from banking, SACCOs, insurance, fintech and technology organizations to discuss the future of financial services in an increasingly digital economy.

Opening the conference, Harry Hare, Chairman of CIO Africa by dx5, urged organizations to look beyond the hype surrounding AI and focus on practical business outcomes.

“Technology is not there for technology’s sake. Technology is there to help us solve very specific problems, improve efficiency and create value for customers,” said Hare.

He noted that organizations are facing mounting pressure to adopt AI from boards, customers, competitors and technology vendors, but warned against implementing the technology without a clear understanding of the value it creates.

“Your board is asking what you are doing about AI. Your customers are asking how you are using AI. Your competitors are adopting AI, and vendors are constantly offering AI solutions,” he said.

While acknowledging AI’s transformative potential, Hare emphasized the need for organizations to remain grounded in business realities.

“Let’s ride the hype, but let’s reason reality into what we’re doing in technology so that we don’t lose sight of what technology is supposed to do,” he added.

However, as organizations accelerate AI adoption, they must also prepare for a rapidly evolving cybersecurity landscape, according to Dennis Muriithi, Senior Solutions Engineer at Sophos.

Delivering a keynote address titled “Cyber Crisis Decision Room: A Strategic Leadership Experience,” Muriithi warned that AI is enabling cybercriminals to launch attacks faster and at greater scale than ever before.

“With new technology come new risks, and one of the most constant risks has always been cybersecurity,” he said.

According to Muriithi, phishing attacks have increased by more than 1,200 percent during the generative AI era, while AI-enabled cyberattacks continue to rise globally.

“The number is not going to go down. Whatever we’re experiencing today will get worse,” he warned.

Muriithi noted that AI is increasingly being integrated into every stage of the cyberattack lifecycle, including reconnaissance, credential theft, privilege escalation, lateral movement and ransomware deployment, significantly reducing the time organizations have to detect and respond to incidents.

“In the AI era, we are moving from minutes to seconds of impact,” he said.

He urged organizations to establish clear incident response plans, test backup systems regularly and ensure leadership teams understand their roles during a cyber crisis.

“The question is, what is your escalation chain? Do you have a plan?” Muriithi asked delegates.

The opportunities presented by AI were highlighted by Sarah Muriuki, Group Head – Enabler Systems Support at Equity Bank Kenya Ltd, who argued that Africa has the potential to become a global delivery engine for AI-enabled services.

“Africa is not only a market for AI, we are becoming a delivery engine,” she said.

Muriuki pointed to Africa’s growing business process outsourcing and shared services industry, valued at nearly $20 billion, and noted that the continent already employs approximately 1.1 million people in business processing services while maintaining a significant cost advantage over Europe and North America.

She challenged African organizations to move beyond competing as low-cost outsourcing destinations and instead position themselves as providers of higher-value, AI-enabled services.

“Are we going to just stay as an arbitrage back office, or do we level up and start bringing value to the market through AI-augmented services?” she asked.

According to Muriuki, the answer lies not in technology alone but in leadership and strategic vision.

“That is not a technology question. It is a leadership question,” she said.

The discussions underscored the dual challenge facing financial institutions across Africa: embracing AI to improve efficiency, customer experience and competitiveness while simultaneously managing the risks associated with cybersecurity, governance and responsible deployment.

As BFSI Week continues, delegates are expected to explore how emerging technologies, digital transformation and innovation can help accelerate financial inclusion, strengthen operational resilience and power the next phase of Africa’s financial transformation.

SpaceX Pushes Ahead With $60 Billion Cursor Deal to Expand AI Reach

SpaceX will proceed with its planned $60 billion acquisition of AI coding startup Cursor, deepening Elon Musk’s push into artificial intelligence just days after the company’s Wall Street debut boosted its market value.

A regulatory filing on Tuesday showed the transaction is expected to close in the third quarter, with Cursor becoming a wholly owned subsidiary. SpaceX had previously secured rights to acquire the company or pursue a partnership arrangement valued at roughly $10 billion.

The deal gives SpaceX access to one of the fastest-growing products in AI-assisted software development. Cursor, developed by San Francisco-based Anysphere, has gained broad adoption among professional programmers and emerged as a major player in AI coding tools.

The acquisition also strengthens SpaceX’s position in an increasingly competitive AI landscape dominated by companies including OpenAI and Anthropic. For Musk’s broader AI ambitions, Cursor adds both developer reach and software distribution channels that are difficult to build organically.

Cursor had already outlined plans to collaborate with xAI, SpaceX’s AI affiliate, using the Colossus computing infrastructure in Memphis to support future products.

Founded in 2022, Cursor helped accelerate the rise of so-called “vibe coding,” a trend in which increasingly capable AI systems handle larger portions of programming work.

The transaction comes as investors continue to push SpaceX shares higher following last week’s market debut, with the stock gaining in premarket trading Tuesday.

AURA Partners With Glovo Kenya on Real-Time Rider Emergency Response

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AURA, a safety and emergency response technology provider, has partnered with Glovo Kenya to roll out a real-time emergency response system for delivery riders in Kenya.

The integration embeds AURA’s response infrastructure into Glovo’s rider operations, enabling access to medical, security and roadside assistance through a single alert mechanism.

The companies said incidents will be logged and tracked in real time, allowing Glovo to monitor response progression from dispatch to resolution through a centralized dashboard.

AURA said the system connects riders to a vetted responder network covering security, medical and vehicle-related emergencies.

“Every incident becomes fully traceable from alert to resolution,” said Victor Odera, Kenya country manager at AURA.

Liz Wambua, operations manager at Glovo Kenya, said the partnership improves rider access to emergency support during deliveries.

AURA operates across Kenya, South Africa, the UK and the US, providing digital emergency response services through API integrations and mobile platforms.

The companies did not disclose financial terms or rollout timelines.

FOX to Acquire Roku in $22 Billion Cash-and-Stock Deal to Build Streaming Powerhouse

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Fox Corporation has agreed to acquire Roku, Inc. in a $22 billion cash-and-stock transaction that would fuse one of the world’s largest live sports and news broadcasters with a dominant connected-TV platform, reshaping the U.S. streaming landscape.

Under the agreement, Roku shareholders will receive $160 per share, comprising $96 in cash and 0.9693 FOX Class A shares, valuing the deal at approximately $22 billion in enterprise value. The transaction is expected to close in the first half of 2027, subject to regulatory and shareholder approvals.

The combination brings together FOX’s portfolio of live sports, news, and entertainment — including NFL, MLB, NASCAR, and FOX News — with Roku’s streaming ecosystem, which reaches more than 100 million global streaming households through its operating system and The Roku Channel.

FOX said the acquisition will position the combined company as one of the largest players in U.S. television by viewing share, spanning broadcast, cable, and streaming. The company also owns the ad-supported streaming service Tubi, which will be integrated into the broader platform strategy alongside Roku’s distribution infrastructure.

Lachlan Murdoch, FOX’s executive chair and CEO, described the deal as a “defining moment” that accelerates the company’s pivot toward high-growth digital video markets, particularly connected TV advertising.

Roku founder and CEO Anthony Wood said the transaction would accelerate innovation and scale, calling FOX a “natural partner” for the next phase of streaming growth.

Strategically, FOX said the deal will deepen its position in connected TV advertising, strengthen content distribution, and expand direct-to-consumer engagement. The company expects about $400 million in annual cost synergies and anticipates the transaction to be accretive to free cash flow per share within two years of closing.

FOX plans to finance the cash portion through a mix of debt and cash on hand, supported by a $12 billion bridge financing package arranged by Morgan Stanley. The company expects pro forma net leverage of about 2.8x after closing.

Upon completion, FOX shareholders will own roughly 73% of the combined entity, with Roku investors holding about 27%. Roku’s CEO will join the FOX board following the merger.

The deal marks one of the largest media convergence transactions in recent years, underscoring accelerating consolidation between traditional media companies and streaming platforms as competition for viewer attention and advertising dollars intensifies.

Ripple Takes Stake in Flutterwave in Series E Deal Valuing Fintech at $3.2 Billion

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Ripple has made a strategic investment in Flutterwave as part of the African payments company’s Series E funding round, deepening the integration of blockchain-based settlement infrastructure into one of the continent’s largest fintech platforms.

The investment, which values Flutterwave at $3.2 billion, underscores growing institutional interest in stablecoin-powered cross-border payments and signals a further convergence between traditional fintech rails and digital asset infrastructure.

Under the agreement, Ripple’s USD-backed stablecoin RLUSD, the XRP Ledger (XRPL), and Ripple’s global payments network will be integrated into Flutterwave’s payment stack. The companies said the collaboration is aimed at improving the speed, cost, and efficiency of cross-border transactions across Africa by reducing reliance on traditional correspondent banking systems.

Flutterwave operates payments infrastructure across 34 African countries, enabling merchants to accept and disburse funds via cards, bank transfers, mobile money, and global payment methods. The company said the integration will extend its existing network with a “stablecoin-first” settlement layer for selected cross-border corridors.

The partnership centers on three core components: embedding RLUSD into Flutterwave’s payment and remittance products, leveraging the XRP Ledger for transaction clearing, and connecting Flutterwave’s API infrastructure to Ripple Payments to facilitate cross-border liquidity flows.

Ripple said the investment reflects its long-term strategy to expand enterprise adoption of blockchain-based payments in emerging markets.

“Stablecoins are becoming a core component of modern payments infrastructure,” said Reece Merrick, Ripple’s managing director for the Middle East and Africa. He said the partnership would help embed RLUSD within Flutterwave’s ecosystem and support faster, lower-cost settlement across regional and global corridors.

Flutterwave chief executive Olugbenga “GB” Agboola described the deal as a step toward building what he called a “payment superhighway” linking African businesses more directly to global markets.

Africa’s cross-border payments market has long been constrained by high fees, fragmented banking relationships, and multi-day settlement times. Companies including Ripple and Flutterwave are increasingly positioning blockchain and stablecoins as an alternative settlement layer to address those inefficiencies.

Flutterwave has raised more than $500 million to date and processed over 1 billion transactions valued at more than $50 billion, according to company data. The Series E round is expected to support expansion of its enterprise payments and remittance products, including Send App.

Ripple, founded in 2012, provides blockchain-based infrastructure spanning payments, custody, and liquidity management. Its RLUSD stablecoin and XRP token are central to its enterprise settlement strategy.

The companies did not disclose the size of Ripple’s investment in the round.

PIDG Mobilises $2.9 Billion of Private Capital in 2025 to Advance Emerging Market Infrastructure

The Private Infrastructure Development Group (PIDG) mobilised $2.9 billion in private capital in 2025, reinforcing its role as one of the leading blended finance institutions channeling investment into infrastructure across emerging and frontier markets.

The group said it committed $1 billion across 33 infrastructure projects during the year, contributing to a total investment volume of $4.1 billion. The projects are expected to expand access to essential infrastructure for approximately 8 million people.

The latest figures were released ahead of London Climate Action Week as part of PIDG’s Sustainability and Impact Report 2025, highlighting continued momentum in using concessional capital to de-risk investments and attract private sector participation in underserved markets.

Blended finance driving private investment

PIDG’s model combines concessional and catalytic capital with private investment, a structure that has become increasingly central to financing infrastructure in low-income and fragile states. The group’s 2025 results show that each dollar committed helped mobilise nearly three dollars in private capital.

Since inception in 2002, PIDG has supported 286 projects reaching financial close, with 75% located in least developed countries, low-income countries, and fragile and conflict-affected states. Over that period, it has mobilised $32.7 billion in private capital and delivered $51.4 billion in total infrastructure investment.

The group said its approach continues to demonstrate that structured risk-sharing can unlock long-term institutional capital in markets that remain underfunded despite significant infrastructure demand.

Focus on climate-linked infrastructure

Climate-related investments remained a key priority in 2025, with PIDG supporting projects in renewable energy, electric mobility, sustainable aviation fuel, and climate-resilient infrastructure.

These investments reflect a broader shift among development finance institutions toward climate-aligned infrastructure, particularly in regions where energy transition and basic infrastructure expansion are converging.

PIDG said its portfolio continues to demonstrate that frontier markets can support scalable decarbonisation projects when supported by appropriate financial structuring and risk mitigation tools.

Gender-lens investing expands

The group also reported that 85% of its 2025 investments met gender targets, marking a 56% increase from the previous year. PIDG said the result reflects the growing integration of gender considerations into infrastructure financing decisions.

The organisation formalised this approach through the launch of its first Gender Lens Investing Policy, which embeds gender outcomes across the investment lifecycle.

One example cited was PIDG’s guarantee support for First Finance in Cambodia, where a $16 million payment default guarantee enabled expanded access to affordable housing finance expected to benefit approximately 6,500 people, 90% of whom are women.

Key projects across sectors and regions

Among the transactions closed in 2025 were several projects aimed at expanding access to energy, transport, and essential services:

  • A sustainable aviation fuel facility in Pakistan, supporting industrial-scale decarbonisation using waste feedstocks
  • The Programme Electricité Pour Tous (PEPT) in Côte d’Ivoire, expanding affordable electricity access for low-income households
  • LOCA in Laos, supporting the country’s first nationwide electric vehicle charging network and ride-hailing ecosystem
  • Sanivation in Kenya, developing sanitation infrastructure that converts human waste into clean fuel

These projects reflect PIDG’s continued focus on markets and sectors often considered too risky or commercially unviable for traditional investors.

Mobilising global and domestic capital

Beyond direct investments, PIDG highlighted ongoing partnerships aimed at improving investment conditions in emerging markets.

These include work with the University of Oxford on PCRAM 2.0, a methodology designed to assess climate resilience in infrastructure investments, and the Urban Resilience Fund in partnership with Meridiam, focused on sustainable urban development in African cities.

The group is also participating in initiatives such as the UK government-led Emerging Markets and Developing Economies (EMDE) Investor Taskforce and the Hamburg Data Alliance, aimed at improving data transparency and investor confidence in developing economies.

PIDG said its collaboration with the African Development Bank is focused on unlocking more than $2 trillion in potential domestic African capital through de-risking and credit enhancement mechanisms.

Outlook

As PIDG marks its 25th anniversary, the group said its long-term objective remains expanding the flow of private capital into infrastructure markets where financing gaps remain significant.

“Private capital can be mobilised in the world’s most challenging markets by deploying blended finance solutions and de-risking instruments,” said PIDG CEO Philippe Valahu. “Our 2025 results show that infrastructure investment can drive climate action, expand opportunity, and deliver lasting economic growth.”

ASUS Unveils the 2026 Zenbook A14 in Kenya as a Next-Generation AI Powerhouse

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ASUS is preparing to shake up the premium laptop market with its recently launched Zenbook A14, a device that blends ultra-light design with serious AI-driven performance.

Just weighing under 1kg, the Zenbook A14 packs a new “Ceraluminum™” chassis, which makes it significantly lighter and up to three times stronger than traditional aluminum. Asus is hinting at a future where durability no longer comes at the cost of portability.

Under the hood, ASUS is betting big on Qualcomm’s Snapdragon X2 Elite processor, paired with an 80 TOPS AI engine, signaling a shift toward next-generation Copilot+ PCs built for on-device AI, faster creative workflows, and extended battery efficiency.

And battery life may be its biggest flex. ASUS claims over 33 hours of usage on a single charge,putting the A14 firmly in “multi-day laptop” territory without sacrificing performance.

With OLED visuals, Wi-Fi 7, advanced AI features, and support for multiple external displays, the Zenbook A14 isn’t just another ultrabook but it’s ASUS positioning itself at the center of the AI PC era.

More details are expected soon, but one thing is clear, the race for the smartest, longest-lasting laptop just got a serious contender.

Buy now or view the latest pricing and join ASUS Member and unlock exclusive benefits.

ASUS Zenbook A14 (UX3407NA) – Key Specs

CategorySpecification
ProcessorSnapdragon® X2 Elite (18-core)
GraphicsQualcomm® Adreno™ GPU
AI PerformanceUp to 80 TOPS NPU
RAMUp to 32GB LPDDR5X
StorageUp to 1TB PCIe 4.0 NVMe SSD
Weight~990g (under 1kg)
BuildCeraluminum™ chassis
DurabilityMIL-STD-810H military-grade
Display14” OLED (1920 x 1200, 16:10)
Color & Brightness100% DCI-P3, up to 600 nits
HDRVESA DisplayHDR™ 600 True Black
Battery70Wh
Battery LifeUp to 33+ hours
ChargingUSB-C fast charge (up to 100W)
Ports2× USB4, USB-A, HDMI 2.1, 3.5mm jack
WirelessWi-Fi 7, Bluetooth 5.4
CameraFHD IR AI Camera
AudioDual speakers, Dolby Atmos®
CoolingDual fans, <25 dB (quiet mode)
AI FeaturesCopilot+, AI Camera, AI Noise Cancelation, StoryCube
OSWindows 11

The Series A Pitch Deck: 5 Essential Elements Every Investor Looks For

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Getting money during a Series A means something deeper than just cash changing hands. It’s not just about showing off what you’ve built; it shows the machine can run on its own. Investors look beyond features or first users. What matters now is how fast growth can spread, whether plans land without chaos, and if rivals even stand a chance. That one document, the collection of slides, starts doing heavy lifting when eyes turn toward belief.

Most powerful pitches aren’t built just on looks. When backers skim through stacks of slides, first impressions form fast, sometimes within seconds. A steady flow of real talk, backed by solid numbers and a sharp purpose, builds trust without guesswork piling up. Every investor cares about distinct things, yet certain basics always shape their decisions. Working with expert brand strategy services helps founders frame their story in ways that resonate with serious investors.

Investor Priorities in Early Stage Funding Presentations

Source – Freepik

  1. A Clear Problem and Market Opportunity

What grabs investors early on is a clear picture of the issue at hand and why it’s worth their attention. They look for substance right away, not just promises. What makes a pitch deck hit hard? It shows real problems people actually face. Not vague ideas, but clear gaps that hurt how things work now. Sharp founders skip theory. They point to numbers to prove someone will pay to fix it. Demand isn’t guessed. It’s seen. Something worth chasing needs to matter right now yet stretch into bigger spaces later.

  1. A Credible Business Model

Just because something sells well doesn’t mean it lasts. Sometimes success shows up early, yet vanishes fast without warning. A thing people love today might fade by next season. Popularity gives no promises about tomorrow. What works now can crumble later, even if crowds cheer at first.

Here’s where money enters the picture: value turns real when it brings in income, while expansion keeps things running beyond the short term. When looking at a company’s structure, backers tend to study what customers pay, how much effort goes into finding them, profit after costs, and whether operations can stretch further without breaking down. What counts aren’t tangled details; it’s clear thought. Simple beats clutter every time clarity leads.

  1. A Convincing Growth Story

What counts isn’t just the digits, but where things are headed plays its part. Looking ahead matters more than today’s results for many who put money into companies. A business standing out from rivals, where it sits in the market, future moves, and advantages others can’t easily copy—all these add weight. Out front, solid decks frame progress less like a guess and more like something you can plan for. Growth shows up as real, backed by insight, built on steps that make sense. Companies with a clear product innovation strategy tend to attract stronger investor confidence by showing a credible path to market leadership.

  1. A Team That Can Get Things Done

Ideas may spark attention, yet investors look closely at what happens afterward. Execution weighs more than plans, even if planning helps. Investors often check how founders faced old problems before handing over cash. One person misses something, and someone else fills that gap. This mix surprises many. When stress hits, doing counts more than dreaming, growth lives in action, not thoughts. Confidence grows when different strengths fit together without force. Belief grows when a solid team shows up. Investors watch them turn ideas into something real. Trust builds slowly, then suddenly matters most.

  1. Evidence of Traction and Momentum

Most times, a dream isn’t enough when it comes to Series A. What matters shifts once you reach that level of proof begins to count more than promise. Something that often catches investors’ attention is proof that a company is moving forward. Growth in sales hints at momentum, while people actually using the product shows it fits a need. Sticking around matters too; repeat customers suggest value. Alliances with other firms can signal trust. Engagement numbers sometimes speak louder than promises ever could. Things moving forward tend to feel safer. Momentum lowers what feels risky.

Final Thoughts

A story unfolds when slides move beyond facts. Founders show they see far and stand firm, yet listen closely to proof woven into each claim. Momentum builds not through bold claims but quiet confidence backed by real steps forward. Questions investors carry are met before they are spoken and answered in data framed like chapters. Founders knowing what investors want stand out, especially when others are betting everything on flashy visuals or clever concepts alone. A tough funding market pushes some ahead simply by reading the room better

Nuvei to Acquire Payoneer for $2.75 Billion

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Nuvei has announced it will acquire Payoneer Global Inc. for $7.40 per share in cash, representing a total transaction equity value of approximately $2.75 billion.

“The acquisition of Payoneer marks a defining step in Nuvei’s evolution into a global financial infrastructure leader,” said Phil Fayer, Chairman and Chief Executive Officer of Nuvei. “By combining complementary capabilities, we can offer businesses a more complete platform to accept payments, send funds, issue cards, manage treasury and FX needs, and access embedded financial services – at scale.”

The two firms will combine Nuvei’s leading payment acceptance capabilities with Payoneer’s cross-border payouts, multi-currency accounts and banking network, along with same-day and real-time settlement in more than 150 markets.

Nuvei x Payoneer logos
Nuvei x Payoneer logos

Together, the companies create an always-on, unified financial infrastructure built on trusted rails, supporting customers that do business across the world’s leading digital commerce platforms, including Amazon, eBay, Walmart, Airbnb, Fiverr, Upwork, Etsy, ByteDance, Shopify, and WooCommerce.

Payoneer has established regulatory footprint across major jurisdictions around the world and holds multiple licenses and authorizations, including licensing for online payment services in China and as a cross-border payment aggregator in India while Nuvei brings on board emerging financial models, including agentic commerce, stablecoin payments, and platform-native financial services.

“For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build,” said John Caplan, Chief Executive Officer of Payoneer. “We have transformed our business with extraordinary results, and our combination with Nuvei will extend what we can offer customers. Together, we will reach more businesses, in more markets, with a more complete platform.”

The transaction has been approved by the Boards of Directors at Nuvei and Payoneer.

The transaction is expected to close in mid-2027, subject to approval by Payoneer’s shareholders, receipt of required regulatory approvals, and other customary closing conditions.

AXIAN Energy Secures $60 Million Credit Facility From MCB to Fund African Expansion

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AXIAN Energy has secured a $60 million financing package from Mauritius-based lender MCB as the renewable energy developer seeks to accelerate expansion across Africa amid rising demand for power infrastructure and clean-energy investment on the continent.

The facility includes a $40 million revolving credit line with a three-year maturity and an extension option, alongside $20 million in unfunded instruments, according to a statement released Monday. The structure is designed to give AXIAN Energy greater flexibility in deploying capital and pursuing new development opportunities across its target markets.

The financing comes as AXIAN Energy has rapidly expanded its renewable energy ambitions over the past two years, building a pipeline of solar projects in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar and Burkina Faso.

The company currently operates a portfolio of 350 megawatts of installed renewable generation capacity, supported by 77 megawatt-hours of energy storage capacity, underscoring broader momentum in Africa’s energy transition efforts.

The transaction also deepens a long-standing relationship between AXIAN Group and MCB, both of which have increasingly positioned themselves as pan-African players focused on infrastructure and economic development projects.

For AXIAN Energy, access to a revolving facility could provide quicker access to funding for project development in a sector where execution timelines and capital requirements often vary significantly across markets.

“This transaction marks a key milestone in AXIAN Energy’s growth trajectory,” Benjamin Memmi, chief executive officer of AXIAN Energy, said in the statement. “It provides us with the financial capacity to sustain the momentum we have built over the past two years.”

MCB said it structured the financing to align with AXIAN’s longer-term renewable energy strategy and broader expansion goals.

“We are proud to support AXIAN Energy in structuring this facility,” Mathieu Delteil, MCB’s global head of structured finance, said in the statement. “This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth.”

Africa remains one of the world’s most under-electrified regions despite rapidly growing populations and energy demand, with governments and private developers increasingly turning to renewable generation and storage projects to address infrastructure gaps while meeting climate targets.

The agreement reflects a broader trend of regional lenders and investors stepping up financing for energy projects as developers seek capital to scale operations across multiple African markets.

Visa Backs Kenya’s Creator Economy With BAKE Awards Partnership

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Visa Inc. is partnering with the Bloggers Association of Kenya (BAKE) for the 10th anniversary of the BAKE Awards, a move aimed at deepening financial inclusion and unlocking monetization pathways in Kenya’s fast-growing creator economy.

The global payments giant said it will sponsor the awards’ Lifestyle category, positioning the collaboration as part of a broader push to equip digital creators with payment infrastructure, financial literacy, and compliance tools needed to scale income streams beyond local markets.

The partnership lands at a moment when Kenya’s creator ecosystem—spanning bloggers, influencers, podcasters, and independent publishers—is shifting from informal monetization models to more structured, revenue-driven enterprises. Industry stakeholders increasingly point to payment friction, delayed cross-border settlements, and fraud risks as key constraints to growth.

“The creator economy in Kenya has evolved beyond entertainment into a meaningful engine of youth employment and financial innovation,” said John Njoroge, Visa’s country manager for Kenya. “Our focus is to enable creators to receive global payouts seamlessly, manage cross-border commerce, and operate with the same financial confidence as established businesses.”

Visa’s involvement aligns with the BAKE Awards’ 2026 theme, “The Creator Economy: Turning Content into Capital,” which underscores the sector’s transition into a formal economic contributor. By integrating secure payment rails and compliance frameworks, Visa is seeking to address what it describes as a structural gap between creative output and sustainable earnings.

For BAKE, the partnership signals growing institutional recognition of digital content as an economic asset class. “Having a global fintech player validate this space is significant,” said Kennedy Kachwanya, chairperson of BAKE. “It strengthens the bridge between creators and formal financial systems, which is critical as the industry matures.”

The BAKE Awards, now in their 10th year, are among Kenya’s most visible platforms for digital creators, spanning more than 20 categories across blogging, social media, video, and podcasting. Public voting for the 2026 edition is underway ahead of the awards gala scheduled for June 27 in Nairobi, where Visa will present the Lifestyle category award.

The collaboration reflects a broader trend of financial institutions targeting Africa’s digital and gig economies, where rising smartphone penetration and platform-driven work are reshaping income generation. For Visa, the bet is that enabling seamless, secure payments for creators today could translate into long-term network growth as more individuals formalize their digital businesses.

MENA Fintech Association, Swiss Fintech Association Forge Strategic Alliance to Boost Cross-Border Innovation

The MENA Fintech Association (MFTA) and the Swiss Fintech Association (SFTA) have signed a strategic partnership agreement aimed at accelerating cross-border collaboration, strengthening financial innovation ecosystems, and fostering deeper global integration in fintech.

The memorandum of understanding, signed in Abu Dhabi, brings together two influential industry bodies representing key financial hubs in the Middle East and Europe. The agreement is expected to facilitate knowledge exchange, joint initiatives, and expanded opportunities for fintech firms operating across both regions.

The signing was attended by Switzerland’s Ambassador to the United Arab Emirates and Bahrain, Arthur Mattli, highlighting the growing importance of bilateral cooperation in financial services and digital innovation.

“This strategic MOU between the Swiss FinTech Association in Zurich and the MENA Fintech Association in Dubai creates a powerful cross-border corridor for wealth, innovation, and digital finance,” said SFTA President Philip J. Weights. “It establishes a bridge between two of the world’s most prominent financial technology hubs.”

The partnership reflects a broader push within the fintech industry to build interconnected ecosystems that can support scaling startups, regulatory alignment, and the flow of capital and talent across borders.

Nameer Khan, Chairman of the MENA Fintech Association, described the agreement as a step toward shaping the future of financial services through collaboration. “This alliance is a defining step toward deepening cross-border collaboration and co-creating the future of financial innovation between our two ecosystems,” he said.

The alliance comes as fintech adoption accelerates globally, with regions such as the Middle East positioning themselves as emerging innovation centers, while Switzerland continues to leverage its longstanding strength in banking, wealth management, and financial infrastructure.

By linking these complementary ecosystems, the two associations aim to create new pathways for startups, investors, and institutions to collaborate, scale, and drive innovation across markets.

Paga Accelerates Stablecoin Push With Crossmint and Sui Partnerships

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Paga Group, Nigeria’s largest payments infrastructure companies, is moving aggressively to embed itself at the center of the continent’s emerging stablecoin economy, announcing two major partnerships with Crossmint and the Sui blockchain aimed at rebuilding cross-border payments around programmable digital dollars.

With the deals, Paga aims to position itself as a critical bridge between Africa’s fiat payment systems and a rapidly expanding multi-chain stablecoin ecosystem, as global players race to capture emerging-market flows outside traditional correspondent banking networks. The firm also recently partnered with PayPal in Nigeria.

On June 10, Paga partnered with Crossmint, a U.S.-based enterprise stablecoin infrastructure provider, to create what the companies describe as a bi-directional payments bridge between Africa and global markets.

Under the arrangement, Crossmint will integrate Paga Engine’s fiat on- and off-ramp network to extend its global payout capabilities into African markets. In return, Paga will adopt Crossmint’s smart contract wallet infrastructure to issue programmable, multi-chain wallets for consumers and agents.

The wallets are designed to operate natively on-chain, allowing features such as spending limits, approval workflows, and compliance controls to be enforced at the protocol level while abstracting blockchain complexity from end users.

“By combining Paga’s local financial rails with Crossmint’s programmable wallet infrastructure, we are connecting the African economy to global finance,” said Tayo Oviosu, founder and chief executive officer of Paga Group. “We are eliminating friction and giving African consumers and businesses the financial mobility they deserve.”

Crossmint co-founder Rodri Fernández Touza said the partnership was shaped in part by his personal experience in Lagos, highlighting long-standing inefficiencies in cross-border payments for African users.

The collaboration targets enterprise clients seeking African payment access, fintech developers building stablecoin-native applications, and consumers who will interact with simplified digital dollar products.

The announcement follows a period of rapid growth for Paga, which processed more than $11 billion in transactions across 169 million payments in 2025, underscoring its position as one of the continent’s largest fintech infrastructure providers.

Just weeks earlier, Paga unveiled a separate but strategically aligned partnership with Sui, a high-performance Layer 1 blockchain developed by Mysten Labs, marking a deeper architectural commitment to blockchain-based settlement infrastructure.

Announced in May, the deal integrates Sui Dollar (USDsui), a native stablecoin launched in March 2026, across Paga’s ecosystem and positions Sui as the primary blockchain underpinning its platform.

The integration will see USDsui deployed across Paga’s enterprise APIs and consumer applications, enabling dollar-denominated payments and settlements without reliance on traditional foreign exchange intermediaries or correspondent banking networks.

“We have chosen Sui because it is built for the scalability, throughput, programmability, and privacy requirements of the future of money movement,” said Oviosu at the launch event. “It aligns with our vision of financial freedom for Africans participating in global markets.”

Sui executives framed the partnership as part of a broader effort to extend high-performance blockchain infrastructure into fast-growing emerging markets.

The collaboration also includes plans to develop yield-bearing products backed by real-world assets, with Sui serving as the on-chain settlement layer, alongside joint developer tooling aimed at accelerating fintech adoption across Africa.

Together, the two partnerships reflect a dual-stack strategy: Crossmint providing a multi-chain wallet and orchestration layer, and Sui serving as a primary high-throughput settlement blockchain with its native stablecoin, while Paga anchors the fiat connectivity and distribution network across Africa.

The approach effectively places Paga at the intersection of three layers of the emerging digital finance stack: blockchain infrastructure, stablecoin settlement, and local fiat rails.

Industry analysts say the model reflects a broader shift in global payments, as fintechs in emerging markets increasingly bypass legacy banking infrastructure in favor of programmable, blockchain-based systems.

If successful, Paga’s strategy could make it one of the most important gateways for stablecoin flows into and out of Africa, a region where demand for dollar liquidity, cross-border efficiency, and inflation hedging continues to drive alternative financial infrastructure adoption.

Still, execution risks remain. Regulatory frameworks for stablecoins across African markets remain uneven, and competition is intensifying from global fintechs and crypto-native infrastructure providers targeting the same corridors.

Even so, Paga’s dual partnerships signal a clear intent: to move beyond payments infrastructure into the foundational rails of Africa’s digital dollar economy.

Elon Musk Becomes World’s First Trillionaire as SpaceX Debuts on Nasdaq

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Elon Musk has become the world’s first trillionaire, marking a historic milestone in global finance after SpaceX’s long-awaited public debut sent his fortune soaring past the $1 trillion mark for the first time.

Rocketmaker SpaceX began trading on the Nasdaq Friday at $150 per share and closed at $160.95 per share, implying a market capitalization of nearly $2.2 trillion. At its peak during the session, shares reached $176.52, briefly lifting Musk’s estimated net worth to a record $1.2 trillion intraday before settling at about $1.1 trillion at the close, according to Forbes estimates.

The listing caps a dramatic surge in wealth following SpaceX’s IPO pricing at $135 per share on Thursday. That pricing alone lifted Musk’s net worth from an estimated $982 billion to roughly $1.1 trillion, a single-day gain of about $188 billion, according to Forbes calculations.

Musk, who serves as chairman, chief executive officer and chief technical officer of SpaceX, holds an estimated 4.8 billion shares in the company. At Friday’s close, that stake was valued at approximately $767 billion. He also holds roughly 350 million stock options with an exercise price of $8.40 per share, worth about $53 billion, giving him an estimated 38% stake in SpaceX valued at around $821 billion.

Before the IPO, Forbes had valued Musk’s stake in SpaceX at roughly $500 billion, based on a prior $1.25 trillion valuation tied to the company’s merger with Musk’s artificial intelligence and social media venture xAI earlier in 2026. xAI itself had previously merged with X (formerly Twitter) in March 2025.

Born in Pretoria, South Africa, Musk’s rise to global prominence began in the 1990s with Zip2, a software startup he co-founded that provided online business directories and mapping services for newspapers. The sale of Zip2 marked his entry into Silicon Valley and launched a career that would span some of the most influential companies of the modern era.

He went on to co-found X.com, which later became PayPal, helping to redefine online payments and establish his early fortune. Musk later became a central figure in Tesla, transforming the electric vehicle company into a global automotive leader and one of the most valuable companies in the world. Through SolarCity, he also played a key role in advancing residential solar energy and broader clean-energy infrastructure. SpaceX, founded in 2002, became his most ambitious venture, pushing the boundaries of reusable rockets and satellite internet through Starlink.

In the social media and AI space, Musk acquired Twitter in a landmark deal that reshaped the platform, later rebranding it as X, integrating it into a broader ecosystem alongside his artificial intelligence venture xAI, which he founded to accelerate advanced AI development.

Across Zip2, PayPal, Tesla, SolarCity, SpaceX, Twitter/X, and xAI, Musk has built a sprawling business empire spanning software, finance, energy, automotive, artificial intelligence, social media, and aerospace—each contributing to his ascent as one of the most influential and wealthiest individuals in history.

Musk first appeared on Forbes’ World’s Billionaires list in 2012 with an estimated net worth of $2 billion. He later overtook Jeff Bezos in 2021 to become the world’s richest person as Tesla’s valuation surged.

The SpaceX debut now marks the culmination of a decades-long ascent, placing Musk at the top of global wealth rankings and cementing one of the most dramatic wealth creations in modern financial history.

Neither SpaceX nor Musk immediately responded to requests for comment on the milestone.

Egypt Ride-Hailing Startup ARRW Raises $4 Million to Challenge Global Rivals

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ARRW, an Egyptian ride-hailing startup positioning itself as a homegrown alternative to global mobility platforms, has secured $4 million in funding from Tasheed Egypt to expand its footprint in one of the region’s most competitive transport markets.

The Cairo-based company plans to deploy the capital to scale its driver—referred to as “captain”—network, upgrade its technology stack, and improve customer experience as demand for app-based transport accelerates across the country.

Founded by Ahmed Taalab, ARRW says it is Egypt’s first licensed ride-hailing platform, a distinction it is leveraging as regulators across the Middle East and North Africa tighten oversight of mobility operators. The startup currently serves more than 200,000 users, according to a company statement.

The funding comes amid a broader shift in Egypt’s urban mobility landscape, where rising congestion, population growth, and increasing smartphone penetration are fueling demand for digital transport solutions. While international players such as Uber and Careem dominate much of the market, local startups are seeking to differentiate themselves through regulatory alignment and services tailored to domestic conditions.

Tasheed Egypt’s investment signals growing confidence in locally built platforms capable of navigating Egypt’s regulatory and operational environment, particularly as policymakers push for more structured and technology-driven transport systems.

ARRW described the deal as more than just growth capital, framing it as validation of its strategy to build a “safer, smarter, and technology-driven” mobility platform designed specifically for Egyptian cities.

The company is also investing in operational scalability as it looks to expand beyond its current base and capture a larger share of Egypt’s mobility sector, which is undergoing rapid digital transformation.

ARRW said its expansion plans are “only getting started,” pointing to ambitions to play a larger role in the country’s emerging smart city ecosystem.

Kenya Harlequin FC, Zuri Health Deploy Mobile Health-Tech Stack in Rugby Season Partnership

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Kenya Harlequin FC and Zuri Health are set to roll out an integrated, tech-enabled medical infrastructure across the 2026 rugby season, embedding digital diagnostics, mobile care delivery and real-time athlete monitoring into match-day operations.

Under the agreement, Zuri Health’s mobile unit, Zuri Express, will function as a field-deployable clinical system across Kenya Cup and Sevens fixtures, effectively extending a modular healthcare stack to stadium environments. The setup includes a mobile diagnostic suite capable of point-of-care imaging and testing, including portable X-ray, ultrasound, ECG, laboratory analysis, dental screening and sports rehabilitation services.

The system is designed as a distributed care workflow rather than a traditional sideline clinic, with athlete data captured and processed in near real time to support injury assessment and recovery decisions. Match-day operations will be supported by dedicated emergency response teams, dual ambulance coverage, and coordinated referral pathways into Zuri Health’s broader care network.

Beyond acute care, the partnership introduces a structured digital athlete health layer covering pre-season baseline screening, biometric tracking, and ongoing wellness monitoring. Medical data collected during training and fixtures will be integrated into Zuri Health’s digital platform, enabling longitudinal tracking of player load, injury risk indicators and recovery progress.

Fans on the other hand will access a “Zuri Wellness Hub” at match venues, offering free screenings and onboarding into Zuri Health’s digital ecosystem, including its WhatsApp-based telemedicine service and chronic care management tools.

The initiative effectively extends the platform’s user acquisition funnel from physical events into continuous digital care engagement.

Kenya Harlequin chairman Victor Sudi said the model strengthens the club’s operational medical capacity while modernising athlete welfare systems. Zuri Health vice president of partnerships Yvonne Kariuki said the deployment demonstrates how mobile-first health infrastructure can be integrated into high-intensity sporting environments.

The deal reflects a broader shift in East Africa toward software-driven healthcare delivery models, where mobile clinics, telemedicine platforms and data-enabled diagnostics are increasingly converging with live events to create hybrid physical-digital care systems.

Meet Zoho’s Nathu La In-house Server With Intel® Xeon® 6 Processor

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Zoho Corporation, the parent company of Zoho and ManageEngine, has launched Nathu La, a designed-in-house server, giving the firm performance with 12-18% lower power consumption and 20-30% lower total cost of ownership (TCO), thereby reducing inference costs.

The Nathu La server, comprising Intel® Xeon® 6 processors, was developed collaboratively with Intel, leveraging their enablement capabilities and technical expertise.

According to Veerakumar Natarajan, Country Head, Zoho Kenya. “With our strategy of using contextual, right-sized models, running on our own platform, on our own servers, in our own data centres, we are compounding the benefits accrued from owning and operating our entire technology stack. This ensures that our solutions are more sustainable and accessible for businesses. These long-term R&D investments we are making at every layer of the stack are aimed at delivering customer value.”

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Building the Full Technology Stack

The design philosophy behind Nathu La is rooted in the Open Compute Project (OCP), emphasising modularity, thermal efficiency, and ease of maintenance. This enables Zoho’s data centres to significantly reduce total cost of ownership and power consumption.

Zoho plans to host its applications on the Nathu La server platform, enabling the company to optimise the full software-hardware stack for its specific workloads, reduce costs, improve performance, and strengthen data governance for its global customers. This will also help bring down inference costs for Zoho’s AI usage.

Developed Hardware Engineering Talent

In 2020, Zoho established a small R&D team in Nagpur, a Tier 2 town in India, focused on projects such as server design and systems engineering. Members of the Nathu La R&D team include hires from SETU – short for Student’s Engagement for Transformative Upskilling – an initiative designed to build a pipeline of industry-ready engineers, with a focus on advanced learning in Electronics System Design and Manufacturing (ESDM).

The initiative directly addresses the growing need for stronger foundational engineering skills in an era increasingly influenced by AI-assisted development. By prioritising hands-on innovation and first-principles problem-solving, SETU helps cultivate deeper research capabilities, creativity, and applied engineering expertise. To date, over 300 students have been trained through the programme, some of whom have joined Zoho.

What’s Inside

The Nathu La server motherboard and chassis platform is the result of five years of R&D across hardware, firmware, and systems management. Based on Intel® Xeon® 6 Processors, the server is designed to optimise performance for virtualisation (VM), High Performance Computing (HPC), AI inference, and storage applications. This results in improved performance of Zoho applications for end users.

The server features customised power delivery subsystems, an in-house DC-SCM (Data Centre Secure Control Module) design, and modular chassis options compatible with diverse end-user environments, offering flexibility across deployment types.

All modular components – including the DC-SCM and NIC (Network Interface Card) – were designed in-house by Zoho’s hardware engineering team and assembled through electronics manufacturing partners, enabling tighter integration and quality control across the platform. Over five patents have been filed covering advanced thermal management and cost-optimised server architecture designs.

Moving Towards Technological Sovereignty

Nathu La is engineered with hardware-rooted security at every layer of the stack. The platform’s indigenous IP-driven approach reduces dependency on external entities for security audits, firmware updates, and licensing continuity.

The solution aligns with open-source software principles and reflects Zoho’s broader commitment to building sustainable, secure, and scalable digital infrastructure. It also supports the growing global focus on digital sovereignty, local innovation ecosystems, and high-performance computing capabilities.

Amazon Targets Starlink With $10 Billion Kuiper Push, Picks Kenya for First African Gateway

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Amazon Inc. has selected Kenya as the site of its first satellite ground gateway in Africa, advancing its $10 billion Project Kuiper and setting up a deeper challenge to SpaceX’s Starlink in one of the world’s fastest-growing internet markets.

The ground station—critical for linking low-Earth orbit satellites to terrestrial networks—will anchor Kuiper’s planned expansion across East Africa, according to people familiar with the matter. The move signals Amazon’s shift from early deployment to regional build-out as it races to meet regulatory deadlines and begin commercial service.

Kenya offers a mix of regulatory openness, fiber backhaul, and proximity to the equator that makes it attractive for satellite operations. The country has positioned itself as a technology hub, with Nairobi hosting a dense cluster of data centers, cloud regions, and fintech firms. A local gateway could reduce latency and improve reliability for users across the region, particularly in underserved rural areas.

Kuiper, which aims to deploy more than 3,200 satellites, is designed to deliver high-speed broadband to households, enterprises and governments. Amazon has already launched initial satellites and is working with telecom operators and distributors ahead of wider rollouts. Establishing ground infrastructure is a prerequisite for scaling service and managing network traffic.

The decision heightens competition with Starlink, which has moved quickly across Africa, launching in multiple countries including Kenya. SpaceX’s service has gained early adopters among businesses and remote users seeking alternatives to patchy terrestrial connectivity, though equipment costs and monthly pricing remain barriers for some consumers.

An Amazon entry could intensify price competition and broaden distribution partnerships, especially if Kuiper bundles connectivity with its cloud and enterprise offerings. Analysts say dual-operator dynamics may accelerate coverage while pushing both providers to differentiate on performance, pricing and local partnerships.

For Kenya, the investment underscores its role as a regional digital gateway and could support sectors from education and healthcare to agriculture and logistics. It may also spur further policy development around spectrum, licensing and infrastructure sharing as governments balance competition with market stability.

Amazon hasn’t disclosed a launch timeline for Kuiper services in Africa. But the establishment of its first gateway on the continent suggests commercial availability is moving closer, setting the stage for a head-to-head contest with Starlink over Africa’s next wave of internet users.

TiE Dubai Opens Women-Focused Startup Program as MENA Funding Shows Signs of Recovery

TiE Dubai, the regional chapter of global entrepreneurship network The Indus Entrepreneurs, has opened applications for the 2026 edition of its TiE Women MENA Program, aiming to scale women-led startups as investment activity in the region begins to rebound.

The initiative, now in its seventh year, comes as startups across the Middle East and North Africa raised about $150 million in April across 27 deals, reflecting improving investor sentiment after a slower start to the year.

Applications will close on June 25 and are open to women founders or co-founders holding at least a 33% stake in ventures established from January 2019. The program targets early- to growth-stage startups and offers mentorship, investor access, pitch training, and networking opportunities, alongside equity-free prize funding.

TiE Dubai said it expects to shortlist about 45 to 50 startups, which will be divided into five tracks spanning the UAE, Saudi Arabia, Egypt, Emirati founders and the wider Middle East. Winners from each track will advance to a regional final later this year, with top founders gaining exposure at GITEX Global in Dubai.

The program is backed by Nokia as the official partner, alongside long-term collaborators including TECOM, Dubai Internet City and in5 Innovation Centers, reflecting growing corporate interest in supporting startup ecosystems and diversity-led innovation.

“Women founders continue to demonstrate resilience and the ability to adapt in uncertain environments,” said Carlina Marani and Shameema Parveen, co-chairs of TiE Women MENA. “We are seeing increasingly bold ideas emerging from across the region.”

Regional finals are scheduled to take place virtually in September, with MENA-level finals planned for December during GITEX 2026, positioning selected startups before global investors and industry leaders.

Nokia said its involvement is tied to the broader economic case for inclusion. Expanding women’s participation in entrepreneurship and the workforce could increase GDP per capita in the MENA region by more than 30% over time, according to economic research cited by the company.

Since its launch, TiE Women has received more than 11,000 applications globally and supported over 500 startups. In MENA, the program has worked with more than 1,000 women-led businesses, highlighting its role in a region where access to funding for female founders remains comparatively limited despite gradual progress.

Microsoft-Backed Project in Uganda Brings MRI Scans Closer to Patients

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For many patients in Uganda, getting an MRI scan has never been just a medical appointment. It often means long, costly journeys to major cities trips that can delay diagnosis and, in some cases, treatment itself.

At Mbarara University of Science and Technology (MUST), a quieter, more hopeful story is taking shape.

Inside a small lab, researchers and students are working with an ultra-low-field MRI machine, less powerful than conventional hospital systems, but far more accessible. Until recently, however, producing clear, reliable images from the machine remained a challenge.

“We could capture signals, but turning them into images we could confidently interpret was difficult,” said Eng. Dr. Johnes Obungoloch, dean of the Faculty of Applied Sciences and Technology at MUST.

That changed when the team partnered with Spain’s Institute of Instrumentation for Molecular Imaging (I3M) and began using Tyger, a cloud-based imaging platform developed by Microsoft Research.

Instead of relying on local computing power, raw MRI data is now sent to the cloud, where advanced algorithms reconstruct and enhance the images before returning them to the lab. The improvement has been striking.

“Early on we could only image part of the head,” Obungoloch said. “Today, we can acquire full-head images.”

For students, the project is opening doors beyond the classroom. Engineering and medical trainees are working side by side, learning how to operate imaging systems, process signals and interpret results skills that are still scarce in many parts of the region.

In a country where access to advanced imaging is limited, the implications extend far beyond the lab. Patients with conditions such as stroke, head injuries or hydrocephalus often depend on timely scans to guide treatment. Yet for many, distance and cost remain major barriers.

“For some patients, traveling hundreds of kilometers for a scan is simply not possible,” Obungoloch said. “If we can bring this closer, it can change outcomes.”

Since 2025, the team has scanned dozens of volunteers while refining the system. Though still in the research phase, the work points to a different model for delivering healthcare one where lower-cost machines, combined with cloud computing, can expand access without requiring massive infrastructure.

What is unfolding in Mbarara is not just a technical breakthrough. It is a practical attempt to shrink the gap between patients and diagnosis using connectivity, collaboration and a rethinking of how medical technology is delivered.

MTN Rolls Out One TV to Tap Africa’s Growing Streaming Market

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MTN Group Ltd. has begun a phased rollout of a new video entertainment platform, MTN One TV, as Africa’s largest mobile operator accelerates its expansion into digital services beyond traditional connectivity.

The offering, launched under its Ambition 2030 strategy, aggregates local storytelling, live television channels and international programming into a single platform tailored to Africa’s diverse markets, where affordability and access to payment systems continue to shape streaming adoption.

Viewing options will vary by country, ranging from free-to-view and advertising-supported content to pay-as-you-watch and subscription models. In a bid to lower barriers to entry, MTN will enable payments through airtime, mobile money and other locally supported methods in select markets, targeting millions of users outside the formal banking system.

The Johannesburg-based telecom operator is leveraging its scale across connectivity, fintech and digital infrastructure to compete with global streaming platforms such as Netflix Inc. and Amazon.com Inc., as well as regional broadcasters and pay-TV providers.

“Entertainment is increasingly becoming an important gateway to digital participation,” said Selorm Adadevoh, MTN Group’s Chief Commercial, Strategy and Transformation Officer. He said the platform is designed to expand access to relevant content while creating new opportunities for Africa’s creative and digital economy.

MTN One TV is also positioned as a distribution channel for creators, advertisers and broadcasters, helping improve content discovery and extend audience reach across the operator’s footprint.

The rollout will be gradual, with the company adapting its approach based on local market dynamics, regulatory environments and partnership opportunities. Over time, MTN plans to unify its video services and partnerships under the One TV brand to build a more scalable entertainment ecosystem.

The move underscores a broader shift among telecom operators toward bundling connectivity with digital services as traditional revenue streams mature. With rising smartphone penetration and expanding network coverage across Africa, MTN is betting that integrated entertainment offerings will help drive user engagement and unlock new growth avenues.

Binance Commits $250,000 to Support Ebola Response in Uganda and DRC

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Binance has pledged $250,000 in emergency humanitarian funding to support frontline efforts responding to an ongoing Ebola outbreak in the Democratic Republic of Congo (DRC) and Uganda.

The funding will be split equally between the Uganda Red Cross Society and Médecins Sans Frontières (MSF), with a focus on strengthening medical care, outbreak containment, community awareness, and protection for frontline health workers operating in high-risk areas.

The outbreak, caused by the Bundibugyo virus, a strain of Ebola for which no approved vaccine or specific treatment exists has placed significant strain on already fragile health systems in eastern DRC and neighbouring regions. Health authorities and humanitarian organisations are working to contain transmission while expanding access to emergency care and preventive interventions.

Binance said the funding will support critical response activities including contact tracing, infection prevention and control measures, community education campaigns, and the provision of sanitation and protective equipment for medical teams.

A central focus will be improving rapid response capacity in underserved and hard-to-reach communities, where limited infrastructure and delayed access to public health information continue to heighten transmission risks.

“Communities across Africa continue to show extraordinary resilience in the face of complex challenges, but frontline responders should not have to face crises like this alone,” said Richard Teng, co-CEO of Binance. “The teams working to contain the Ebola outbreak are delivering vital, life-saving support under incredibly difficult conditions. We are proud to support both the Uganda Red Cross Society and MSF as they work to protect vulnerable populations and strengthen local response efforts.”

Robert Kwesiga, Secretary General of the Uganda Red Cross Society, said the support would enhance response capacity at a critical moment. “Strong partnerships are essential during public health emergencies. The support from Binance comes at a crucial time and will help us respond more rapidly, reach more at-risk communities, and reinforce frontline services needed to contain the outbreak and save lives.”

MSF Emergency Programme Manager Trish Newport said the spread of cases across multiple health zones and into cross-border areas underscored the urgency of the response. “The number of cases and deaths we are seeing in such a short timeframe, combined with insecurity and limited access to healthcare in some regions, makes rapid action critical to prevent further escalation.”

Binance said the initiative forms part of its broader engagement in Africa, which includes programmes in education, digital skills development, financial inclusion, and community empowerment.

The company also called for increased private-sector participation in humanitarian response efforts, arguing that corporations operating in Africa should play a greater role in supporting communities during public health emergencies.

Algebra AI Raises $7 Million to Target Gulf’s Mid-Market AI Gap

Algebra AI, a United Arab Emirates-based artificial intelligence startup, has raised $7 million from a group of regional and international investors to deliver managed AI services tailored to mid-sized businesses across the Gulf.

The company, backed by Infinity Constellation, BECO Capital, Silicon Badia and Waseel Investments, is launching with a focus on companies that are often underserved by both off-the-shelf software and costly enterprise-grade AI systems. Its clients already span sectors including financial services, manufacturing, food and beverage, and distribution.

Founded by former Deliveroo Middle East executive Anis Harb, Algebra AI is positioning itself as an operator rather than a traditional software vendor. Harb previously scaled Deliveroo’s regional business to more than $1 billion in gross transaction value, experience he says exposed a structural gap in how companies adopt technology as they grow.

“There are more than 30,000 mid-market businesses in the GCC, yet the tools available don’t reflect how they actually operate,” Harb said. “They’ve been told AI is for them, but the model hasn’t worked in practice.”

Algebra AI’s approach centers on building customized AI-driven workflows that integrate with a company’s existing systems, approval processes and operational constraints. Unlike software providers that sell licenses, the startup continues to run and refine these systems over time, effectively embedding itself in clients’ operations.

The pitch comes as companies across the Gulf accelerate AI adoption, but face challenges translating experimentation into measurable business outcomes. For mid-sized firms in particular, limited internal technical capacity and high implementation costs have slowed deployment.

Harb argues that AI can fundamentally alter the traditional link between growth and operational complexity — where increased scale typically requires more staff and overhead. “We build systems around how a business actually runs and stay accountable for outcomes,” he said. “That’s a different relationship than SaaS.”

Investors say the model reflects lessons learned from deploying AI inside large organizations. Francis Pedraza, co-founder of Infinity Constellation and founder of Invisible Technologies, said the opportunity lies in operationalizing AI beyond pilot projects.

“Making AI work inside real businesses requires getting into the messy, day-to-day processes,” Pedraza said. “This is about building systems that run continuously, not demos.”

Algebra AI plans to use the funding to expand its client base across the Gulf Cooperation Council and grow its engineering and managed services teams, as competition intensifies among firms seeking to capture the region’s rising demand for applied AI solutions.

The startup is betting that mid-market companies long considered too complex for plug-and-play tools and too small for bespoke enterprise systems could become the next major frontier in the AI services economy.

Zipline’s Impact Expands Beyond Healthcare

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Zipline’s autonomous drone logistics network is delivering measurable gains across nutrition, agriculture and local economies in Africa, according to three new studies that extend the company’s impact well beyond its core healthcare operations.

The research finds a 22% reduction in child fatalities linked to severe acute malnutrition, a 68% return on investment for smallholder pig farmers, and between $850 and $1,200 in additional annual household income for communities located near Zipline distribution hubs.

“This research shows what communities and governments across Africa have seen firsthand: when essential supplies reliably reach the people who need them, outcomes change,” said Caitlin Burton, CEO for Africa and Emerging Markets at Zipline. “Zipline began by improving access to critical health supplies. Today, the same infrastructure is strengthening nutrition systems, agricultural productivity and local economies.”

A peer-reviewed study published in Frontiers in Veterinary Science examined Zipline’s role in Rwanda’s pig farming sector, where drone delivery of temperature-sensitive pig semen was paired with training for community animal health workers across eight rural districts. The initiative, run in partnership with the Rwanda Agriculture and Animal Resources Development Board and Feed the Future Rwanda, aimed to determine whether reliable logistics could make artificial insemination a viable and scalable income stream.

The results point to significant gains. About 17% of the increase in farmers’ income was directly attributed to Zipline’s logistics support, while the program generated nearly $129,000 more in farmer income than it cost to implement—equating to a 68% return on investment. Artificial insemination success rates also rose sharply, from 48.8% to 74.8% following the integration of drone delivery.

A second study focused on healthcare outcomes, specifically the delivery of ready-to-use therapeutic food (RUTF) for treating severe acute malnutrition in Rwanda. Comparing 299 facilities over five years, researchers found that Zipline-enabled supply chains reduced in-hospital child deaths from severe malnutrition by 22%.

The data also showed a broad decline in severe malnutrition cases across all age groups, including a 22% drop among children under two, 42% among those aged two to five, and 84% among children older than five. Severe anemia cases in children aged two to 59 months fell by 46%.

While malnutrition-related hospitalisations rose by 21%, mortality did not increase—an indication that more children were being identified earlier and receiving sustained treatment due to improved supply reliability.

“The protocol for treating malnutrition has not changed. What changed was whether supplies were there when clinicians needed them,” said Pedro Kremer, Head of Impact and Research at Zipline. “That is the variable these studies are measuring—and the results are unambiguous.”

A third study assessed the broader economic footprint of Zipline’s GH3 distribution hub in northern Ghana, combining household surveys with satellite analysis of nighttime light intensity—a widely used proxy for economic activity. The findings suggest that proximity to the hub correlates with tangible economic gains.

Households within a two-kilometre radius of the hub reported annual income increases of between $850 and $1,200. Asset accumulation declined with distance, dropping by roughly 27% for every additional 1.5 kilometres from the hub, with a gap exceeding 30 percentage points between the nearest and farthest communities. Access to drinking water also followed a similar pattern, improving more significantly in areas closer to the hub.

Satellite data reinforced these findings, showing higher nighttime light intensity around the GH3 site compared with 82 benchmarked locations across Ghana.

Together, the studies suggest that Zipline’s logistics infrastructure is not only improving access to critical health supplies but also acting as a catalyst for broader economic activity in surrounding communities.

Zipline, which operates across four continents, currently serves more than 5,000 hospitals and health facilities globally and completes a delivery approximately every 30 seconds. With over 130 million autonomous miles flown, the company has positioned itself as a key player in transforming supply chains for healthcare, agriculture and commerce, particularly in underserved regions.

Earlier this year, Zipline and the Government of Rwanda signed an expansion agreement under a $150 million pay-for-performance award granted to Zipline by the U.S. Department of State. While Rwanda was already a pioneer as the first country to launch Zipline’s service in 2016, this new phase was expected to introduce Africa’s first urban drone delivery network and a dedicated autonomous delivery testing centre.

The New Reality of Enterprise Security: Scaling Resilience Amid Complexity

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Large enterprises face a cybersecurity mismatch: rising AI-powered attacks and Advanced Persistent Threats (APTs) outpace understaffed teams. Fragmented tools create visibility gaps and alert fatigue. To build resilience, organisations should consolidate platforms, automate responses and embed AI-driven detection, shifting from reactive firefighting to intelligence-led protection at scale.

In the space of a few short years, the cybersecurity environment at large enterprises has evolved dramatically. Hybrid workforces, multi-cloud architectures, AI-driven operations and complex third-party supply chains have expanded the attack surface beyond what traditional security models were designed to protect. Meanwhile, the threat actors targeting these environments have grown more capable, more organised and more persistent. The result is a structural mismatch: the scale and sophistication of threats is outpacing the capacity of many security teams to detect, investigate and respond effectively.

For security leaders the challenge is managing the intersection of accelerating threats, workforce constraints and fragmented security architectures, all while justifying investment to the board and maintaining operational resilience. Three interconnected challenges define this landscape today.

Challenge 1: Rising volume and speed of attacks

The pace of modern cyberattacks is straining enterprise security operations. Threat actors are moving faster, from initial compromise to lateral movement to data exfiltration and the window available to detect and contain an incident is shrinking.

APTs remain the most consequential risk for large organisations. These groups, well-funded, disciplined and operating with nation-state backing or organised criminal infrastructure, were detected in 21% of customers in 2025 and accounted for 23% of all high-severity incidents, according to a Global Report by Kaspersky Security Services.

What makes APTs particularly dangerous is their operational discipline. Rather than relying on a single exploit, these actors combine credential theft, living-off-the-land techniques, lateral movement and stealthy persistence to remain undetected for extended periods.

What security teams should focus on:

  • Establish real-time endpoint visibility to detect anomalous behaviour and early indicators of compromise
  • Correlate telemetry across endpoints, identity, email and cloud to uncover multi-stage and lateral attacks
  • Automate triage and containment to reduce dwell time
  • Embed proactive threat hunting to identify stealthy persistence and advanced adversary activity
  • Accelerate critical response times with pre-built response scenarios that can be launched in a single click

The goal is to shift security operations from reactive firefighting to sustained, intelligence-driven defence where threats are identified early, contained swiftly and investigated with sufficient context to prevent recurrence.

Challenge 2: Defending against AI-powered threats amid talent shortages

AI enables attackers to automate reconnaissance, generate convincing phishing content at scale and adapt techniques in real time, making campaigns faster to execute and harder to detect. Kaspersky research into the RevengeHotels campaign illustrates the trend: threat actors leveraged AI-generated code to enhance malware development and delivery, improving both the effectiveness of phishing lures and the evasiveness of payloads, reflecting a broader shift in how sophisticated adversaries operate.

At the same time, enterprises face a persistent shortage of qualified cybersecurity professionals. The global cybersecurity workforce gap runs into the millions and 41% of information security professionals report that their organisations are somewhat or significantly understaffed. Security operations centers are absorbing growing alert volumes with teams that are not growing at the same rate. Burnout and high turnover compound the problem. The strategic response is not simply to hire more analysts, hiring pipelines cannot keep pace with demand.

Instead, organisations need to embed AI-assisted automation directly into security workflows: automating alert triage, accelerating investigation through contextual summarisation, standardising response through pre-built playbooks and enabling smaller teams to operate with the effectiveness of larger ones. Consolidating tooling further reduces the cognitive load on analysts who currently switch between multiple dashboards to reconstruct a single incident timeline.

Challenge 3: Tool sprawl is causing drag and weakening visibility

Enterprise security stacks have grown organically over years, with solutions added in response to specific threats or compliance requirements. The result, in many organisations, is a fragmented architecture with dozens of standalone tools across endpoints, networks, cloud environments, identity and data protection, each generating alerts, each requiring management and each operating largely in isolation.

The operational consequences are significant. Security teams spend substantial time integrating tools, reconciling telemetry and switching between consoles to piece together the scope of an incident. Alert fatigue sets in. Investigation timelines lengthen. Skilled analysts, already scarce, are absorbed by manual correlation tasks rather than focused on proactive risk reduction. Over half of security experts globally report feeling overwhelmed by managing cybersecurity tools from multiple vendors.

The business consequences are equally problematic. Fragmented stacks create visibility gaps at the endpoint level, still the primary enterprise network entry point for cyberattacks and make it difficult to demonstrate measurable security ROI to the board. Total cost of ownership extends far beyond licence fees: integration complexity, infrastructure requirements and ongoing tuning can multiply initial investments by three to five times.

Addressing tool sprawl requires deliberate consolidation. Organisations should:

  • Consolidate overlapping tools into integrated EDR and XDR platforms
  • Centralise telemetry collection and incident management to close visibility gaps
  • Automate correlation and response workflows to reduce manual effort and context switching
  • Implement pre-defined investigation workflows and response playbooks to enforce consistent handling
  • Align tooling decisions to measurable operational outcomes and demonstrable ROI

The objectives are cost reduction and operational clarity. A unified security operations foundation turns tool reduction into stronger visibility, faster response and sustainable efficiency that scales without requiring proportional increases in headcount or infrastructure.

Building resilience at scale

The challenges of accelerating attack volume, AI-enabled adversary activity and the operational drag of fragmented security architectures do not exist in isolation. And addressing any one of these challenges in isolation is no longer sufficient. Solutions from the Kaspersky Next Expert product line are designed to address these challenges directly, providing continuous AI-driven protection, as well as detection and response across endpoints and beyond, real-time cross-domain correlation, and a unified management platform that reduces tool fragmentation and lowers total cost of ownership.

Enterprises can discover how to improve their security posture through Kaspersky’s expert guidance customised to fit their specific environment.

Ethio telecom Extends 4G Coverage to 52 More Towns in Nationwide Broadband Push

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Ethio telecom has expanded its 4G LTE mobile broadband network to 52 additional towns across Ethiopia, extending high-speed connectivity deeper into both densely populated and historically underserved regions.

The rollout spans Oromia, Amhara, Southern Ethiopia, Gambella, Benishangul-Gumuz, Harari, Somali, Tigray and Afar, underscoring the operator’s continued push to move beyond major cities and regional capitals.

Oromia and Amhara account for the majority of the newly connected towns—together representing roughly two-thirds of the expansion—while smaller additions were recorded across Gambella, Benishangul-Gumuz, Somali and Afar. The geographic spread reflects a deliberate strategy to balance coverage between high-demand population centers and remote communities with limited prior access to broadband services.

The expansion forms part of Ethio telecom’s broader network modernization program, which has seen the state-owned operator ramp up investments in LTE infrastructure and service upgrades in recent years. The initiative is aimed at improving network quality while scaling access to high-speed connectivity nationwide.

Rising demand for mobile-driven services—including digital payments, e-commerce, online education and e-government platforms—is increasingly shaping Ethiopia’s telecom priorities. Extending LTE coverage to secondary towns is expected to play a critical role in enabling these services, particularly as digital adoption accelerates beyond urban areas.

The latest rollout adds momentum to Ethiopia’s wider digital transformation agenda, positioning improved mobile broadband access as a key enabler of economic participation and service delivery across the country.

Salesforce Expands its Capabilities in East Africa

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Salesforce is expanding its services in East Africa to help businesses improve client engagement, data management, AI-enabled insights and revenue growth.

The new Salesforce capabilities include Agentforce Financial Services, Agentforce Marketing, MuleSoft and Data 360. The services include consulting, implementation, integration and ongoing support. Salesforce will be working with NTT DATA, a global leader in AI, digital business and technology services to help firms get a clear view of customer data, personalised customer service, better service delivery and AI-powered decision-making.

“Kenya is one of Africa’s most innovative digital markets, with a financial services sector that continues to raise the bar for customer experience and technology-led growth,” said Lauren Wortmann, NTT DATA Managing Director: Applications, Middle East and Africa. “By extending our Salesforce services in Kenya, we’re bringing together global capability, in-region expertise and deep industry knowledge to help clients turn customer data into meaningful engagement, improved service and measurable business value.”

In Kenya, NTT DATA sees significant opportunity to help organisations use Salesforce to better understand, serve and grow their customer relationships. The new offering builds on NTT DATA’s existing applications services in East Africa and last year’s acquisition of EXAH, a Salesforce Consulting Partner and AI implementation specialist in South Africa, which strengthened the company’s expertise in the region and ability to deliver locally relevant Salesforce solutions backed by global scale.

As organisations seek to leverage AI and automation, trusted data foundations and integrated client platforms are becoming increasingly important to improving loyalty, service quality and revenue growth.

“Salesforce is dedicated to helping businesses in Africa use trusted AI, data and CRM to provide better customer experiences and grow,” said Nick Christodoulou, Salesforce Area Vice President, Africa, “Our partnership with NTT DATA in East Africa brings Salesforce’s new platform ideas with NTT DATA’s experience and relationships with clients in the region. This helps companies move faster from planning to impact.”

NTT DATA has recently joined Salesforce’s Forward Deployed Engineering (FDE) Partner Network, deepening the strategic relationship between the two organizations and helping customers accelerate the successful deployment of Agentforce at scale.

NTT DATA has worked with Salesforce for more than 25 years, has delivered more than 3,500 Salesforce projects worldwide and was recognized with seven Salesforce Partner Innovation Awards. The company’s expertise was further recognized in 2026 when it was named MuleSoft Partner of the Year and Marketing Partner of the Year in South Africa.

The expansion also supports skills development and long-term technology enablement in Kenya. By growing its Salesforce services locally, NTT DATA aims to help create new opportunities for digital skills development while ensuring Kenyan organisations have access to the same enterprise platforms, capabilities and competitive advantage as leading organisations globally.