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Meta, This Is Digital Launch AI Academy in Kenya to Train Local Developers

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Meta is partnering with African AI accelerator This Is Digital to launch an AI academy in Kenya, targeting students, developers, startups, small businesses and professionals as demand for artificial intelligence skills grows across the country.

The Meta AI Academy Kenya will combine developer training, startup acceleration and an eight-week masterclass covering AI fundamentals, prompt engineering, research, document processing, reporting, communication and productivity, according to a press release.

The program will also feature an AI Pitchathon on Oct. 15, where Kenyan startups and developers building solutions with Meta’s AI technologies will pitch their products for a chance to receive equity-free funding and an invitation to pitch at Meta’s AI Summit in Istanbul in November.

Applications for the Pitchathon close Sept. 30, while applications for the AI Masterclass close Oct. 31. The masterclass begins Nov. 3.

“The next wave of AI innovation in Kenya will come from local builders solving local problems,” Mercy Ndegwa, Meta’s public policy director for East Africa, said in the release. She said the partnership is intended to put practical training and Meta’s open models in the hands of Kenyan developers, students and small-business owners.

This Is Digital, founded on International AI Appreciation Day in 2025, says it has trained more than 800 AI Champions across more than 10 countries. The company provides AI consultancy, workforce training and masterclasses.

Gregory Wanjama, CEO of This Is Digital, said the partnership would expand the organization’s efforts to equip African professionals, startups and students with practical AI skills.

The academy comes as Kenya positions itself as a technology hub in Africa, with startups, businesses and government agencies increasingly exploring generative AI and automation to improve productivity and develop new digital services.

Grace Murugi, chief AI and digital strategist at This Is Digital, said the academy will focus on making AI concepts accessible while emphasizing ethical and responsible use. Applications for both programs are open through the academy’s registration platform.

Mamor Capital Raises $18.8 Million First Close for South Africa Tech Fund

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Mamor Capital has secured R300 million ($18.8 million) in the first close of its debut venture capital fund, giving the black women-owned investment firm capital to begin backing post-revenue technology companies in South Africa.

The Johannesburg-based firm is targeting R550 million ($34 million) for the fund and plans to start deploying capital following the first close.

The fund is anchored by the Public Investment Corporation (PIC), South Africa’s largest asset manager, with additional commitments from the SA SME Fund’s High Impact Seed Fund of Funds, the Technology Innovation Agency and the Small Enterprise Development and Finance Agency.

Mamor Capital spent more than three years raising the fund as South Africa’s technology sector continues to seek larger pools of institutional capital for companies moving beyond the startup stage.

The firm will invest in businesses that have demonstrated commercial demand, with a focus on technology aimed at expanding access to financial and digital services and increasing economic participation.

“After more than three years of fundraising, reaching this first close is an important step for Mamor Capital and a strong endorsement from the institutions that have backed our strategy,” founder and Chief Executive Officer Mamokete Ramathe said.

Mamor Capital is looking for companies that have moved beyond proof of concept and can demonstrate commercial traction. Investment decisions will also consider management strength and whether the firm can help businesses achieve sustainable scale, Co-founder and Chief Financial Officer Fuzlin Levy-Hassen said.

The PIC’s investment gives Mamor Capital a major institutional backer as it moves from fundraising to deployment.

Leon Smit, acting chief investment officer at the PIC, said Mamor Capital had an experienced investment team and a strategy aligned with opportunities in South Africa’s venture capital market.

The SA SME Fund said its investment is intended to strengthen the pipeline of local fund managers backing technology businesses with growth potential.

Mamor Capital said it will apply a gender lens to its investments and seek to improve access to growth capital for underrepresented founders, while targeting financial returns alongside measurable economic impact.

Egypt’s Zeal Raises $10 Million to Expand to 4 Million Payment Terminals

Payments technology company Zeal has raised $10 million in a funding round that will finance a global expansion across more than 4 million payment terminals under contracts signed with acquiring companies, taking its total funding to $14 million.

Zeal, which was founded in Egypt, did not disclose the investors in the latest round but said its terminals are expected to be activated over the next 24 months, giving Zeal access to a large installed base through its relationships with payment acquirers rather than direct merchant distribution.

The funding will be used to support the rollout, expand integrations with payment systems and develop software that gives merchants and payment providers more information about transactions and merchant activity.

Zeal is targeting a market where payment terminals have increasingly become software-enabled devices rather than machines used solely to accept card payments. The company allows merchants to add loyalty programmes to supported payment journeys and provides analytics that payment providers can use to monitor merchant activity.

“A card payment should be the start of a more useful customer relationship,” said Omar Ebeid, Zeal’s co-founder and chief executive.

The company said its signed contracts cover more than 4 million card machines, although deployment will take place over the next two years and the contracts do not represent terminals already activated on Zeal’s platform.

The expansion highlights the growing effort among payments companies to generate additional revenue and data from infrastructure traditionally built around transaction processing.

For merchants, Zeal’s software can support loyalty schemes based on points or stamps, capture customer phone numbers where configured and connect with existing loyalty systems. Its Merchant Health product provides payment providers with information on transaction volumes, terminal activity, payment declines and periods of inactivity.

The company distributes its technology through acquirers, payment service providers and independent sales organisations, allowing it to reach merchant terminal fleets through existing payments relationships.

The model also reflects the fragmented nature of payments infrastructure. Terminal manufacturers, payment applications, operating systems and acquiring platforms can require separate technical integrations, making large-scale deployment more difficult than installing conventional business software.

Android-based payment terminals have expanded the potential for additional applications to run alongside payment acceptance, creating an opening for loyalty, analytics and other merchant services.

Zeal’s latest financing follows earlier backing from Saudi venture capital firm Raed Ventures, Pinnacle Capital and CUR8 Capital. Raed Ventures’ Raed III fund counts Saudi Venture Capital among its investors.

The company was named Team of the Year at the UK FinTech Awards 2026, while co-founder and Chief Technology Officer Belal Mohamed won Innovator of the Year. Zeal is also part of the Scale Up by Endeavor programme. The company expects further enterprise announcements as it expands its relationships with payment acquirers and works toward activating the contracted terminal base over the next 24 months.

Breadfast Enters Egypt’s Restaurant Delivery Market as It Expands Beyond Groceries

Breadfast has entered Egypt’s restaurant-delivery market with the launch of Breadfast Food, extending the company beyond groceries as it seeks to capture more of consumers’ everyday spending through a single app.

The restaurant service follows a beta period that Breadfast said attracted strong customer adoption. It allows users to order from a curated network of restaurants through the existing Breadfast application, adding meals to a platform that already offers groceries, bakery products, coffee and pharmacy services.

The move marks another step in Breadfast’s expansion from an online grocery business into a broader consumer-commerce platform. The company is betting that combining multiple services under one app can increase customer engagement while allowing it to make greater use of its logistics infrastructure and technology.

Breadfast Food will offer restaurant customers daily promotions and discounts, while Breadfast will handle delivery through its existing logistics capabilities. The company said the expansion will also give restaurants access to its growing customer base.

Muhammad Habib, co-founder and chief operating officer of Breadfast, said consumers increasingly want to access everyday services without having to move between different applications.

“Our customers don’t think about groceries, meals, coffee, or personal care as separate services,” Habib said. “They simply want the easiest and most reliable way to get everything they need in their daily lives.”

Breadfast said it expects the restaurant business to create hundreds of delivery jobs as the service expands. It also plans to increase the number of restaurant partners and extend Breadfast Food into additional Egyptian governorates.

The expansion comes as Egypt’s digital-commerce market becomes increasingly competitive, with delivery platforms seeking to increase order frequency and customer retention by offering multiple categories through a single service.

For Breadfast, restaurant delivery provides a way to put its logistics network and technology infrastructure to work across a larger addressable market. The company, which began by focusing on grocery delivery, has progressively added other categories as it builds what it describes as an everyday convenience platform.

Breadfast said it will continue investing in technology, logistics and customer experience while expanding its presence across Egypt. The company did not disclose financial details of the Breadfast Food launch or its current restaurant-partner count.

Mawingu Takes Healthcare Infrastructure Push to UN as Africa Seeks to Scale Digital Medicine

Mawingu Foundation is taking its push to expand internet access in underserved African communities to the United Nations this week, arguing that connectivity alone will not be enough to transform healthcare unless it is paired with reliable electricity, clinical technology and financing.

The foundation will convene government officials, healthcare providers, technology companies, development organizations and investors in New York on Wednesday for a discussion on how those pieces can be deployed together in rural and underserved communities.

The event, “Connect, Power, Heal: Bundling Innovation and Partnership at the Health Frontline,” comes as African healthcare systems face a familiar challenge: sophisticated medical technologies are becoming increasingly available, but the infrastructure required to operate them reliably remains uneven.

Mawingu says the problem is particularly acute outside major cities, where hospitals and clinics can have trained healthcare workers and modern equipment but lack dependable internet connections, electricity or access to specialists.

The company is seeking to shift the conversation from deploying individual technologies to building integrated infrastructure around the needs of frontline healthcare facilities.

“Healthcare transformation cannot be achieved through technology alone,” Farouk Ramji, chief executive officer of Mawingu, said. “Reliable internet connectivity, reliable energy, clinical technology and strong partnerships need to come together around the realities of the communities and health workers we are seeking to serve.”

From connectivity to healthcare infrastructure

Mawingu has built its business around providing internet access to rural and peri-urban communities, areas that have historically been less attractive to conventional telecommunications infrastructure providers.

The company says it now connects more than 35,000 homes and businesses across 31 counties in Kenya and operates more than 200 base stations. Founded in Nanyuki in 2012, Mawingu expanded into Tanzania in 2024 through the acquisition of Habari Tanzania.

The foundation, its social-impact arm, has increasingly focused that connectivity on institutions such as health centers, schools and technical and vocational education facilities.

That experience is now being applied to healthcare, where the foundation sees connectivity as enabling infrastructure rather than an end product.

A rural health facility may, for example, have a clinician capable of performing a complicated procedure but lack a reliable connection to a specialist elsewhere. Likewise, a hospital may have advanced equipment but insufficient power to operate it consistently.

“Reliable connectivity is what enables access to specialist surgical services in rural and underserved communities,” said Dr. Shannon Shibata-Germanos, head of global health at Proximie.

The foundation’s argument is that these infrastructure constraints are interconnected. Solving only one of them can leave the underlying healthcare system unable to take advantage of the others.

Makueni, Kilifi provide test cases

The discussion at the UN will draw on projects already underway in Kenya.

Mawingu says it has worked with partners to connect 17 public health facilities in Makueni County, while the Council of Governors, Amref Health Africa and the M-PESA Foundation have been involved in bringing Proximie technology to Kilifi County Referral Hospital.

Those projects illustrate the model Mawingu wants to expand: connectivity, clinical technology and eventually reliable power delivered around a specific healthcare need rather than developed as disconnected infrastructure projects.

For Proximie, which provides technology designed to support remote surgical collaboration, the availability of a dependable connection can determine whether specialists are able to participate in procedures taking place far from major medical centers.

“No single operator, funder or technology partner can do that alone,” Shibata-Germanos said, adding that the next step is to incorporate reliable power and develop a model that can be replicated across East Africa and other underserved markets.

The financing problem

The bigger challenge may be financial.

Deploying broadband, energy systems and clinical technology simultaneously can require more capital upfront than funding each intervention separately. Mawingu wants governments, investors and technology companies to consider financing structures around the combined outcome rather than individual pieces of equipment or infrastructure.

That means developing partnerships in which governments provide an enabling policy and delivery environment, technology companies build around existing infrastructure constraints, healthcare organizations identify clinical priorities and investors create financing mechanisms capable of supporting longer-term deployment.

The objective is to turn successful pilots into repeatable infrastructure projects that can be deployed across multiple facilities and markets.

“Scale requires a different approach to partnership,” Ramji said. “We need to move from isolated projects to models where technology providers, governments, investors and healthcare organisations can align around a shared outcome.”

That question is increasingly important for African governments and development organizations as digital healthcare initiatives move from pilot programs toward broader deployment.

Mawingu’s UNGA discussion will therefore focus less on whether the technologies exist and more on whether the surrounding infrastructure and financing systems are capable of supporting them at scale.

From UN commitments to implementation

The event also comes roughly a year after partners made commitments during the UN General Assembly to advance digital surgical capabilities and last-mile connectivity across sub-Saharan Africa.

Mawingu says the focus has now shifted from commitments to implementation: what has actually been delivered, which models have worked, what obstacles have emerged and what can be learned from the healthcare workers implementing the technologies.

For the foundation, the distinction is important.

In underserved communities, the problem is often not a shortage of potentially useful technology. Instead, the difficulty lies in creating the infrastructure and financing environment that allows those technologies to operate consistently and reach patients.

A broader digital inclusion strategy

The healthcare initiative forms part of Mawingu Foundation’s broader digital-inclusion agenda.

The foundation works with local and international partners to connect community institutions, including health centers, schools and technical and vocational education centers. Through partnerships including one with Microsoft, it has helped connect educational and community institutions, including special schools serving more than 2,523 pupils with special needs.

It has set an objective of positively impacting 1 million Africans by 2028, reflecting a strategy that goes beyond providing household internet access to using connectivity as infrastructure for access to education, healthcare and economic opportunities.

The healthcare push could extend that model into one of the most infrastructure-intensive areas of public service delivery.

Rather than treating broadband as the final product, Mawingu wants it positioned alongside electricity, medical technology and capital as part of the infrastructure required to deliver healthcare in places where specialist services and advanced facilities are often concentrated in urban centers.

What comes next

The UNGA81 session will be a 90-minute moderated dialogue and will include a short film showing conditions on the healthcare frontline.

The discussion will center on three questions: how connectivity, energy and clinical technology can be integrated; how such deployments can become financially sustainable; and how successful projects can be expanded beyond individual hospitals and communities.

The event is being convened by Mawingu under the auspices of the Health Innovation Exchange and Proximie, with the Council of Governors, M-PESA Foundation, Amref Health Africa, Wellbeing Foundation Africa, Lacuna Global Health and other partners participating.

For Mawingu, the longer-term opportunity is to demonstrate that digital infrastructure can play a larger role in public-service delivery across Africa.

The foundation says the goal is not simply to connect a hospital, provide electricity to an operating theatre or install clinical technology separately, but to treat the health frontline as a single infrastructure system.

The New York meeting will test whether governments, investors, technology companies and healthcare organizations can turn that concept into projects that are commercially and operationally sustainable.

“Better Together is more than a theme,” Ramji said. “It is a practical principle for how we need to approach some of the most complex development challenges.”

The UNGA81 side event will take place on Sept. 23, 2026, from 1 p.m. to 2:30 p.m. at the UN Church Center, 777 United Nations Plaza, New York.

Spiro Partners With Yadea After $270 Million Funding Round to Expand Africa EV Network

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Electric-mobility company Spiro has partnered with Chinese electric two-wheeler maker Yadea as the African startup moves to expand its battery-swapping network and commercial EV operations following a $270 million funding round.

The partnership will see Yadea supply electric motorcycles and related products to Spiro, while the African company integrates them into its battery-swapping and energy infrastructure across its regional markets. The companies also plan to develop electric two-wheelers adapted to African road conditions and commercial use.

The deal brings together Yadea’s manufacturing capacity and research capabilities with Spiro’s network across seven African countries, as the companies target commercial riders, delivery operators, logistics companies and commuters.

Spiro said the partnership is intended to create a commercially sustainable electric-mobility platform capable of serving millions of riders across Africa.

“When we launched Spiro, our mission was to lay the energy and mobility foundation for Africa’s green transition,” Gagan Gupta, founder of Spiro and chairman of Equitane, said in a statement. “Our strategic partnership with Yadea is a major endorsement of our execution to date and opens fantastic opportunities to jointly pioneer the next era of electric mobility in emerging markets.”

Anant Badjatya, chief executive officer of Spiro, said the partnership would allow the company to deploy electric vehicles more quickly as demand for cleaner transport grows across Africa.

The agreement also strengthens the commercial relationship between Chinese EV manufacturers and Africa, where electric motorcycles are emerging as an alternative to gasoline-powered two-wheelers used extensively by delivery workers, informal businesses and other commercial operators.

Yadea will provide vehicles while Spiro will connect them to its battery-swapping infrastructure, allowing riders to replace depleted batteries with charged units rather than waiting for vehicles to recharge.

The companies said they will also work on customized two-wheeler platforms designed for local operating conditions and commercial applications.

Wang Jiazhong, senior vice president of Yadea Technology Group, said Africa represents a significant opportunity for zero-emission transportation and that the partnership combines Yadea’s technology with Spiro’s local infrastructure.

Yadea, founded in China, says it has sold more than 100 million electric vehicles in more than 100 countries. The company has 10 production facilities and more than 2,000 patents related to electric-vehicle technology.

The partnership comes after Spiro raised $270 million in its latest financing round, including an investment from Chinese fund NewTrails Capital. The funding is expected to support the company’s expansion as it builds an electric-mobility network centered on motorcycles and battery-swapping stations.

Spiro’s model is based on reducing the downtime associated with electric motorcycles by allowing riders to exchange batteries at dedicated stations within minutes. The company is seeking to build the infrastructure needed to make electric motorcycles commercially viable for high-frequency users in African cities.

The Yadea agreement gives Spiro access to a major global vehicle manufacturer as it seeks to scale that model across the continent.

Kenya Court Overturns $1.6bn Vodacom Purchase of Safaricom Stake

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Kenya’s High Court has ordered the reversal of Vodacom’s $1.6bn purchase of a 15 per cent stake in Safaricom, dealing a major blow to the South African telecoms group and raising questions over the Kenyan government’s programme of state-asset sales.

The court ruled that the disposal of the government’s holding in Safaricom, Kenya’s most valuable listed company, contravened the country’s constitution and applicable law and ordered that the shares be restored.

The ruling puts in doubt a transaction completed only months ago in which Vodacom paid the Kenyan government about KSh204bn ($1.6bn) for the 15 per cent holding. The deal increased Vodacom’s effective ownership of Safaricom to about 55 per cent and strengthened its control over the company behind Kenya’s dominant M-Pesa mobile money platform.

The decision is a setback for President William Ruto’s administration, which has sought to raise cash from government assets as it grapples with high debt-service costs and limited room for additional borrowing.

The Safaricom sale was one of the largest transactions in that programme. The government had argued that disposing of part of its holding would unlock value from an investment while providing funds for public spending and debt management.

The court’s order creates a potentially complicated unwind because the government has already received the purchase proceeds and Vodacom has completed the acquisition.

Vodacom completed the purchase on June 30 after Kenya’s Court of Appeal lifted an earlier injunction that had prevented the transaction from going ahead. The appellate court’s decision allowed the sale to proceed while the wider constitutional challenge remained before the courts.

Vodacom had also acquired an effective 5 per cent interest in Safaricom from Vodafone, bringing its overall effective ownership to roughly 55 per cent. The Kenyan government retained a 20 per cent stake following the disposal.

The High Court’s decision now reopens questions over the legal basis on which the state can dispose of strategic assets and the extent to which constitutional requirements, including transparency and public participation, must be satisfied before such transactions can be completed.

The case is particularly significant for Kenya’s capital markets. Safaricom is one of the country’s most important corporate assets and accounts for a substantial share of activity on the Nairobi Securities Exchange. Its M-Pesa business is also central to Kenya’s digital-payments economy.

The government has been under pressure to find alternatives to borrowing as it seeks to finance infrastructure and other expenditure while containing public debt. Asset sales have consequently become an increasingly important part of its fiscal strategy.

The reversal of the Safaricom transaction could complicate that approach, particularly if other proposed disposals face similar legal challenges.

The immediate financial consequences will depend on how the court’s order is implemented, including the treatment of the KSh204bn already paid by Vodacom and the process for restoring the shares.

The ruling is also likely to increase scrutiny of the government’s handling of future privatisations and asset disposals, particularly where the assets involved are strategically important or widely held by Kenyan investors.

For Vodacom, meanwhile, the judgment introduces uncertainty into a transaction that had been intended to consolidate its control of Safaricom and deepen its position in one of Africa’s most sophisticated mobile-money markets.

Thally Launches AI Documentation Startup After Reaching 100 Workspaces

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Thally, a bootstrapped software startup founded by former developer-experience executive Ekene Eze, launched publicly after signing up more than 100 active workspaces for its service aimed at helping software companies keep customer-facing information synchronized with rapidly changing products.

The company, which Eze began building in March, is targeting a problem that has grown alongside the use of artificial intelligence in software development: companies can change their products faster than they can update the documentation developers rely on to use them.

Thally’s software monitors changes in product repositories and determines which documentation, websites and other public-facing material may have become outdated. It then prepares a pull request containing proposed changes and the evidence used to make them, leaving developers to review and approve the work.

The startup is operating without outside funding and is being built by Eze as a solo founder from Dubai. Its early customers and design partners span the US, Europe, India, the Middle East and Africa, including Hackmamba.io, Procta.org and LI.FI.

The launch comes as the market for developer documentation is being reshaped by AI coding assistants, which increasingly consume technical content on behalf of developers.

Stack Overflow’s 2025 Developer Survey found that 84% of developers use or plan to use AI tools, while only 29% trust their accuracy. At the same time, documentation is increasingly being read by machines rather than just developers. Mintlify’s July 2026 traffic report recorded 213 million requests from AI agents against 105 million human page loads in a single month.

That creates a potentially costly problem for software companies. An outdated API reference or code example can now be surfaced not only to a developer but also to an AI system generating code for thousands of users.

“At several companies, the teams I led owned the documentation, and I did this work myself: hours spent reconstructing what a change meant, then hunting for every public page it touched,” Eze said. “Now that product changes ship faster and AI tools read the docs more than people do, that gap is more expensive.”

From Developer Tools to Knowledge Infrastructure

Thally is positioning itself as a layer between a software company’s codebase and the information customers use to understand the product.

Rather than asking engineering or documentation teams to manually identify every page affected by a product release, the service tracks changes in repositories and proposes corresponding updates.

The company says it does not automatically merge or deploy those changes, preserving human approval as the final step.

That distinction is important for a category where inaccurate automated changes could create as many problems as stale documentation.

“We write and maintain technical content for developer-focused companies, and the hardest part has never been the writing. It is knowing which pages a product change just made wrong,” said William Imoh, CEO of Hackmamba.

Thally’s broader documentation platform provides managed hosting and publishing tools, while its underlying documentation engine is MIT licensed and available for self-hosting.

The company is also building around the growing requirement for documentation to be accessible to AI systems. Its platform can expose documentation in machine-readable formats and through the Model Context Protocol, allowing AI tools to retrieve information directly from a company’s documentation.

Bootstrapped Growth

Eze started Thally after more than seven years in developer experience and developer relations at Flutterwave, Netlify and LI.FI.

The company released its beta in August and has since accumulated more than 100 active workspaces, according to Eze. The figure includes teams participating in the company’s 14-day trial.

Thally is not disclosing revenue or outside investment.

The startup is instead betting that software companies will increasingly treat accurate documentation as part of their product infrastructure as AI becomes a major interface for discovering and using software.

That market could expand as AI-generated code increases the cost of inaccurate technical information. Developers already report AI assistants producing code based on nonexistent APIs, obsolete methods and outdated implementation patterns.

For Thally, the opportunity is therefore less about selling another documentation editor than becoming part of the workflow that keeps a software company’s public knowledge aligned with the product itself.

$199 Monthly Plan

Thally offers a free tier for one documentation site. Its paid Cloud service costs $199 a month or $1,990 annually, with additional enterprise features including SSO, SAML, SCIM provisioning and audit logs.

New customers receive a 14-day Cloud trial without providing a credit card.

The company says its system is designed to handle large numbers of repositories and frequent product changes without imposing run limits based on deployment volume. For a bootstrapped startup, the early customer count gives Eze an initial base from which to test whether companies will pay to automate a task that has traditionally been split among engineers, product managers and technical writers.

Madica Invests Up to $1 Million in Five African Startups, Enters Algeria and Cameroon

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Madica has committed up to $1 million across five African startups, making its first investments in Algeria and Cameroon as the early-stage investment program after recently announcing a total of $600,000 across three African startups.

The investments span Algeria, Cameroon, Nigeria and Egypt and target companies working in human resources technology, digital financial services, semiconductors, renewable fuel infrastructure and recycling.

Each of the five startups will receive up to $200,000, putting the maximum value of the latest portfolio at $1 million. The companies will also join Madica’s 18-month investment program, which combines capital with operational support, executive coaching, founder immersion trips and access to its global investor network.

The investments extend Madica’s strategy of backing startups at the pre-seed stage in markets beyond Africa’s most established venture capital centers.

In Algeria, Madica has invested in Talenteo, an HR technology company co-founded by Louai Djaffer. The startup is developing an all-in-one human resources management platform for medium-sized and mid-market businesses, with plans to serve companies across Francophone Africa.

Madica’s investment in Paysika marks its entry into Cameroon. Founded by Roger Nengwe and Stezen Bisselou, the company operates a digital neobank providing virtual and physical payment cards to consumers and small and medium-sized businesses across Central Africa.

Paysika is targeting customers that require access to digital financial services and international payments, an area where fragmented financial infrastructure has created opportunities for fintech companies across the region.

“We’re building the financial infrastructure allowing banking services that are more accessible, practical and inclusive for consumers and businesses across Central Africa,” said Nengwe, Paysika’s co-founder and chief executive officer.

The portfolio also includes Nigerian semiconductor startup ChipMango, co-founded by Ola Fadiran and Jovan Andjelich.

ChipMango is building a business around chip design services, engineering education and localized Edge AI products as demand increases for semiconductor expertise and locally developed computing technologies in Africa.

In Egypt, Madica has backed Delta Oil, co-founded by Serag Moussa, which is developing infrastructure to connect fragmented used cooking oil collection networks with international buyers.

The company is seeking to turn used cooking oil into a commercially valuable feedstock for renewable fuels by improving the collection and aggregation infrastructure linking local suppliers to global markets.

Madica’s second Egyptian investment is Bekia, founded by Alaa Afifi. The company operates a digital platform connecting households and businesses that generate recyclable waste with industrial buyers.

The investments in the two Egyptian startups give Madica additional exposure to the circular economy, alongside its investments in financial and technology businesses.

The latest commitments come as venture funding in Africa remains concentrated among a limited number of markets and companies, leaving startups in less-established ecosystems with fewer sources of institutional capital at the earliest stages of development.

Madica, which was launched in 2022, was established to address that funding gap by investing in founders operating in underserved African markets. The sector-agnostic program is affiliated with Flourish Ventures, an early-stage fintech investment firm.

“At Madica, we’ve always believed that exceptional founders can be found in every corner of Africa, yet access to early-stage capital remains heavily concentrated in a handful of ecosystems,” said Emmanuel Adegboye, head of Madica.

“By making our first investments in Algeria and Cameroon, we’re continuing to prove that world-class businesses can emerge from markets that have historically been overlooked by venture capital.”

For Talenteo, the investment provides access to capital and networks that Djaffer said can be difficult for founders in less-developed venture markets to secure.

“Too often, founders in markets like ours have to work twice as hard to access the capital and networks needed to grow,” said Djaffer, who is also Talenteo’s chief executive officer.

Madica’s model combines financing with a longer period of company-building support. The five new portfolio companies will receive mentorship and executive coaching in addition to the investment, while founders will have access to international immersion programs and Madica’s investor network.

The expansion into Algeria and Cameroon also increases the geographic diversity of Madica’s portfolio at a time when investors are increasingly looking beyond established technology centers for new opportunities in Africa.

Madica said it continues to seek startups across the continent. Companies applying to the program must be headquartered in Africa, have a minimum viable product with some paying customers, have founders working full-time and have received little or no institutional funding.

Stanbic Bank Kenya Names Michael Mutiga CEO as Profit Rises

Stanbic Bank Kenya appointed Michael Mutiga as chief executive officer after receiving regulatory approval, putting a veteran investment banker and former Safaricom executive in charge of the lender as it seeks to build on strong earnings growth.

Mutiga succeeds Abraham Ongenge, who has served as acting CEO since March. Ongenge will return to his permanent role as head of personal and private banking.

Stanbic Bank Kenya reported 6.6 billion shillings ($51 million) in profit after tax for the first half of 2026, while total assets rose 27% to 602 billion shillings.

Mutiga joins the bank from Safaricom Plc, where he was chief business development and strategy officer. He previously spent about 15 years at Citibank, rising to managing director and head of corporate finance for sub-Saharan Africa. He also held senior investment-banking positions at Barclays, now known as Absa.

“The Board is delighted to confirm Michael’s appointment as our new Chief Executive,” Stanbic Bank Kenya Chairman Joe Muganda said in a statement Tuesday. Mutiga’s experience in investment banking and telecommunications “uniquely positions him to steer Stanbic Bank Kenya into the future,” he said.

Mutiga said he plans to focus on strengthening customer relationships, accelerating digital transformation and working with key economic sectors.

“This is a formidable institution with a rich history in this country and a very strong foundation for future growth,” Mutiga said in the statement.

The appointment comes as Kenyan banks navigate a market characterized by rising digital adoption, increased competition for customers and continued investment in technology. Mutiga’s background across banking and telecommunications gives him experience spanning both financial services and one of the country’s largest technology-driven businesses.

Mutiga is a lawyer by training and holds a Bachelor of Laws degree from the University of Nairobi and a Master of Laws from Temple University.

The appointment was subject to approval by the Central Bank of Kenya.

Airtel Africa Shuts Kenya Fiber Venture

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Airtel Africa Plc is shutting down its Kenyan wholesale fiber venture after two years without generating revenue, highlighting the difficulty of breaking into a market where established operators already control much of the country’s fiber infrastructure.

Airtel Kenya Telesonic Limited, created to provide wholesale fiber, high-capacity data transport and connectivity to businesses and other telecommunications operators, recorded zero revenue in both 2024 and 2025, according to its latest financial statements.

The company’s losses widened sharply last year as it struggled to establish a viable commercial operation. Net loss rose to 16.1 million Kenyan shillings ($125,000) in 2025, from KES 2.9 million the previous year.

Airtel Africa ultimately decided to surrender the company’s Network Facilities Provider Tier 2 license and place the business into voluntary liquidation.

The move represents a setback for Airtel Africa’s ambition to build a broader wholesale infrastructure platform across its African markets, while underscoring the challenge of adding new fiber capacity in one of East Africa’s most developed telecommunications markets.

Two Years, No Revenue

Telesonic was established as Airtel Africa sought to expand its role beyond mobile connectivity and build a pan-African wholesale infrastructure business.

The Kenyan unit was intended to sell high-capacity connectivity to carriers, internet service providers, enterprises, governments and other large customers.

But the business failed to translate the infrastructure strategy into commercial contracts.

Telesonic reported no revenue during either year of operation covered by its financial statements. By the end of 2025, accumulated losses had reached KES 19.08 million, while cash had fallen to only KES 284,275.

The company also owed KES 18.5 million to Airtel Networks Kenya Limited, its affiliate.

That left the subsidiary with negative equity of almost KES 19 million.

The deterioration was compounded by the impairment of its regulatory license. A Network Facilities Provider Tier 2 license originally valued at KES 15 million was effectively written off, with the company recording a KES 14 million amortization charge in 2025.

The financial position left little room for the business to continue operating independently.

Airtel Gives Up License

The Communications Authority of Kenya was notified in 2025 that Telesonic intended to surrender its license.

On Jan. 21, 2026, the regulator requested the original license document for cancellation. The company returned it on Feb. 6, the same day its board approved the voluntary winding-up of the subsidiary.

Directors Sanjeet Kumar Pokala and Ashish Malhotra subsequently signed the liquidation accounts on March 31.

Deloitte & Touche gave the accounts an unqualified audit opinion but drew attention to the fact that the company was no longer being treated as a going concern.

The remaining corporate and regulatory procedures will determine when the entity is formally dissolved.

Fiber Market Leaves Little Room

The failure comes as Kenya’s fiber market becomes increasingly competitive, with operators including Safaricom Plc, Liquid Intelligent Technologies, Jamii Telecommunications Ltd. and SEACOM operating extensive networks.

For Airtel Telesonic, entering the wholesale market without a sufficiently large base of anchor customers created a difficult path to profitability.

Wholesale fiber businesses typically depend on high network utilization to spread infrastructure and operating costs across large volumes of traffic. A new entrant without substantial contracted demand can face significant fixed costs before reaching the scale required to generate attractive returns.

Kenya’s relatively mature digital infrastructure market therefore offered both an opportunity and a barrier: demand for connectivity was growing, but much of the infrastructure and customer relationships were already controlled by established players.

Not an Exit From Kenya

The liquidation should not be interpreted as Airtel Africa abandoning Kenya.

Airtel Networks Kenya Limited continues to operate the group’s mobile and broadband businesses, including its Airtel Xstream Fibre service.

The consumer fiber operation is legally separate from Airtel Kenya Telesonic and is therefore not being wound up as part of the transaction.

Airtel continues to compete for fixed broadband customers against Safaricom, Zuku and other providers, particularly in Nairobi and other urban areas.

The distinction gives Airtel Africa room to retreat from an unsuccessful wholesale structure while maintaining its higher-priority consumer and enterprise businesses in Kenya.

Kenya Becomes the Outlier

The shutdown also highlights a divergence in Airtel Africa’s infrastructure strategy across the continent.

The group continues to operate wholesale Telesonic businesses in markets including Nigeria, Tanzania, Zambia and Rwanda.

Kenya’s subsidiary, by contrast, failed to establish a revenue-generating business before Airtel chose to close it.

For Airtel Africa, the decision effectively draws a line under an investment that never reached commercial scale.

For Kenya’s telecommunications industry, it is another indication that having demand for connectivity does not necessarily mean there is room for another infrastructure operator.

The broader market remains attractive, but the economics of wholesale fiber increasingly favor operators with extensive existing networks, established enterprise relationships and enough traffic to justify the capital required to build and maintain infrastructure.

Airtel Africa’s Kenyan fiber experiment lasted about two years. It ended without recording a single shilling of revenue.

UAE’s Synapse Analytics Raises $13m to Drive AI-Powered Decisioning for Fintechs

Synapse Analytics, an AI company that builds agentic decisioning infrastructure for fintechs, has raised US$13 million in a Series A funding round, bringing the total raised to US$17 million since inception to scale the team, accelerate product development and expand international market reach. 

The round was led by Partech, a global technology investment firm, with additional participation from Algebra Ventures and Silicon Badia.

In a statement, Synapse Analytics Co-founder and CEO Ahmed Abaza said: “Our mission is to give financial institutions the intelligence and decision infrastructure they need to make faster, more secure decisions to reduce risk, unlock growth and build stronger customer relationships.” 

Headquartered in Abu Dhabi, UAE and working with banks, non-banking financial institutions, fintechs and telcos across the Middle East, Africa and Latin America, Synapse Analytics has transformed how financial institutions make risk-based decisions. 

As financial institutions automate more of their processes, they face the fundamental challenge that capturing the speed, efficiency and sophistication of AI-native models means sending sensitive data outside the institution and relying on infrastructure they do not control.

Synapse Analytics was built to remove that trade-off. Its decisioning solution can be deployed in any environment within the institution’s own perimeter — on-premise, in private, in public or sovereign cloud, or air-gapped — allowing banks and financial institutions to automate decisions across onboarding, credit, fraud and AML while retaining control of their data, policies and the intelligence generated by every decision. Synapse Analytics’ proprietary models run entirely within the client’s infrastructure, supporting compliance and control without sacrificing capability.

With Synapse Analytics solutions, Risk and Credit teams can change policies directly and test the impact against historical data before deployment, giving institutions the ability to introduce AI at scale without giving up the governance and control required in regulated financial services.

With adoption of digital financial services rising, financial institutions around the world are under growing pressure to make faster and more secure risk-based decisions at a larger scale while meeting the regulatory and data-governance requirements of the markets in which they operate. Synapse is at the heart of this shift, giving institutions the necessary infrastructure to succeed.

Commenting on the investment, Lewam Kefela, Principal at Partech, said, “We’re excited to back Synapse Analytics as it builds the category-leading decisioning infrastructure for banks and financial institutions across the Middle East, Africa and Latin America. Ahmed, Galal and their team have the technical depth and execution to scale it, and we look forward to supporting their next phase of growth.”

Synapse Analytics helps financial institutions make better underwriting decisions. The firm works with banks, fintechs, and other firms to enable intelligent agents that actively work alongside their teams helping them build and refine credit policies, continuously enhance underwriting criteria, and monitor portfolios in real time.

“These agents identify emerging opportunities and risks, help institutions grow their portfolios while reducing risk, and allow them to react quickly as market conditions and borrower behavior change,” said Co-founder and COO, Galal Elbeshbishy. “Our vision is to create the AI operating system for the new age of finance.”

Twiga Foods Enters Administration After Raising $185 Million

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Twiga Foods, one of Kenya’s best-funded technology startups, has entered statutory administration, marking a major setback for a company that raised about $185.4 million in disclosed funding and was once positioned as a leading technology platform for transforming Africa’s fragmented food supply chain.

The company’s operating entity, GT Flow Limited, formerly known as Twiga Foods One Limited, entered administration on August 17, 2026, according to Gazette Notice No. 14595 published in the Kenya Gazette on September 11.

The company’s directors can no longer deal with its assets without the administrator’s authorization, while creditors have 30 days from publication of the notice to submit their claims. Mohamed Mohamed was appointed administrator, giving him control over the company’s business, assets and affairs.

The move follows years of financial pressure, cost-cutting, management changes, creditor disputes and attempts to restructure Twiga’s capital-intensive distribution model.

Administration does not mean Twiga has been liquidated. Under Kenya’s insolvency framework, the administrator is expected to determine whether the business can be rescued, whether creditors would obtain a better outcome through continued operations or restructuring, or whether assets ultimately need to be sold.

From startup darling to financial distress

Founded in 2014 by Peter Njonjo and Grant Brooke, Twiga built a technology-enabled distribution network designed to connect farmers and manufacturers with informal retailers.

The company sought to eliminate some of the inefficiencies and middlemen in Kenya’s food supply chain by combining digital ordering with centralized procurement, warehousing and logistics. The model attracted significant international backing with Twiga raising approximately $185.4 million in disclosed equity and debt financing during its lifetime, making it one of the most heavily funded startups in Kenya and one of the continent’s most prominent agritech ventures.

TechMoran reported on Twiga’s $50 million funding round in 2021, when the company was preparing for further expansion of its technology and distribution platform. At its peak, Twiga’s proposition was built around using technology to coordinate one of the most difficult parts of African commerce: moving food from producers to thousands of small retailers efficiently and affordably.

But the business required substantial spending on warehouses, distribution centers, employees, vehicles, inventory and working capital. That infrastructure ultimately became one of the company’s biggest challenges.

Warning signs emerged in 2023

Twiga’s financial difficulties became increasingly public in 2023. The company cut about 283 employees, roughly a third of its workforce at the time, as it attempted to reduce operating costs and move toward a leaner organization. In September 2023, TechMoran reported that Twiga faced a potential liquidation petition over an outstanding $263,691 debt claimed by Incentro Africa for Google Cloud services. Twiga disputed the claim and challenged the liquidation process. The dispute was eventually resolved.

In January 2024, TechMoran reported that Twiga Foods and Incentro Africa had reached an agreement and that Incentro had withdrawn its statutory demand against the company. The resolution, however, did not eliminate the broader financial pressures facing the business.

Founder Peter Njonjo steps aside

Twiga’s leadership also changed during the period of financial stress. In December 2023, TechMoran reported that co-founder and CEO Peter Njonjo had taken a six-month sabbatical following what he described as an “intense 2023.” The company said it was working with investors on refinancing and restructuring while also seeking to settle outstanding supplier obligations. In Janaury 2024, Njonjo announced his resignation from the firm, years after his co-founder had exited the firm.

After Njonjo left the company’s leadership, and in April 2024 Twiga appointed Charles Ballard, the former Jumia Kenya chief executive, as CEO. TechMoran reported that Ballard’s mandate included steering Twiga through its next phase of growth after a difficult 2023 marked by layoffs and the liquidation dispute. Twiga tries to become asset-light by 2025, the company was pursuing a much more radical restructuring.

TechMoran reported in June 2025 that Twiga was implementing an internal restructuring known as Project Easter, under which it planned to create a leaner NewCo and move much of its logistics operation to third-party providers.

The plan involved 319 employees leaving the company, reducing the workforce to about 435 people, while logistics operations were to be increasingly handled by companies including Jumra, Sojpar and Raisons. The restructuring represented a fundamental shift in Twiga’s original model.

Instead of owning and operating much of its physical distribution infrastructure, the company sought to become a lighter technology and coordination platform while relying on third-party logistics providers. The objective was straightforward: reduce the company’s burn rate and make the underlying business economically sustainable. But the scale of the restructuring also illustrated how far Twiga had moved from its earlier growth strategy.

A second attempt to avoid insolvency

TechMoran had already reported in April 2025 that Twiga was selling or transferring parts of its distribution operations to Jumra, Sojpar and Raisons, as the company attempted to avoid insolvency and reduce the burden of its logistics infrastructure. The strategy was designed to preserve distribution capacity while reducing the costs associated with operating the network directly. The latest administration suggests those efforts were ultimately insufficient to resolve the company’s financial problems.

Creditors now face the next stage

The administration of GT Flow puts the company’s financial position under a formal insolvency process. The administrator must now assess the company’s assets and liabilities, verify creditor claims and determine the most viable path for the business. A separate financial problem had already emerged elsewhere in the Twiga ecosystem.

In March 2026, creditors filed a winding-up petition at Kenya’s High Court seeking the liquidation of Twiga Tatu SEZ Limited, another entity associated with the group. It remains unclear from the administration notice exactly which assets, liabilities and operations of the broader Twiga ecosystem fall within GT Flow’s administration.

What went wrong at Twiga?

Twiga’s administration highlights the difficult economics of building technology businesses that depend on physical infrastructure.

The company was not simply a software platform. Its model required the movement of real products through warehouses, distribution centers and transport networks while maintaining sufficient working capital to purchase and distribute inventory.

That created a significantly higher cost base than a pure software startup.

The company also expanded during a period when global investors were willing to finance rapid growth, before the venture capital market shifted toward profitability, stronger unit economics and lower cash burn.

Twiga subsequently faced the same pressures confronting many African startups: higher operating costs, tighter access to venture capital and growing investor demands for a path to profitability.

Its repeated restructuring efforts show how difficult it proved to reconcile the economics of physical distribution with the expectations attached to a venture-backed technology company.

From $185 million to administration

Twiga’s journey is now one of the most significant cautionary stories in Kenya’s startup ecosystem.

The company raised hundreds of millions of dollars in equity and debt, attracted some of the world’s biggest institutional investors and built one of Africa’s most recognizable technology-enabled food distribution platforms.

Yet capital alone could not solve the fundamental challenge of building a profitable distribution network in a highly fragmented market.

TechMoran’s reporting over the past three years documented the progression from the 2023 layoffs and creditor dispute, through Njonjo’s departure and the appointment of Ballard, to the 2025 NewCo restructuring and outsourcing of logistics. The administration now puts the future of one of Kenya’s most prominent startup stories in the hands of an administrator. For Twiga, the immediate question is no longer how quickly it can expand. It is whether there is enough viable business left to save.

Grindstone Ventures Launches $27.7M Fund to Target South Africa’s Startup Funding Gap

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Grindstone Ventures has launched a $27.7 million venture fund targeting high-growth, technology-enabled African businesses from Seed through Series A, seeking to close a financing gap that often leaves startups struggling between early commercial traction and institutional-scale investment.

Led by Thandiwe Maqetuka, the fund was established in partnership with Knife Capital and Thinkroom. It follows the deployment of Grindstone Ventures Fund I, which invested in seven companies and helped attract additional seed and growth capital from South African and international investors.

The new fund is targeting an initial close of about $8.3 million and plans to build a portfolio of 15 to 20 businesses, primarily in South Africa while selectively backing companies elsewhere on the continent.

Targeting Africa’s “missing middle”

Grindstone Ventures is targeting startups that have moved beyond initial product and market validation but have yet to reach the scale typically required to attract larger institutional investors.

“The evolution from Seed to Series A remains one of the clearest gaps in the African venture ecosystem,” said Keet van Zyl, co-founder of Knife Capital.

The funding challenge comes as Africa’s technology investment market remains uneven, with Seed-stage funding declining for a third consecutive year despite broader improvements in startup financing across the continent.

Maqetuka said the new fund is designed for businesses caught between demonstrating commercial demand and reaching the scale required to attract larger pools of capital.

“That is Africa’s missing middle,” she said. “Our opportunity is not simply to provide more capital, but to identify exceptional businesses earlier, invest at a point where capital remains scarce, take meaningful ownership positions and work actively with founders to build companies capable of scaling, attracting institutional capital and ultimately delivering realisable returns.”

Capital and operational support

The fund will invest from Seed through Series A, with additional capital available for portfolio companies that demonstrate strong performance.

Grindstone Ventures plans to take meaningful minority stakes and concentrate follow-on investment behind its strongest-performing companies.

Beyond funding, portfolio companies will receive support in areas including strategy, governance, commercial growth, market access, follow-on fundraising and exit preparation.

The partners bring experience across venture investing, entrepreneur development, acceleration and technology company scaling.

The wider Grindstone ecosystem screens more than 1,000 businesses each year, with around 50 companies participating in accelerator programmes annually. That pipeline will give the fund access to businesses at different stages of development as it builds its portfolio.

Focus on exits

Grindstone Ventures is also placing a strong emphasis on realised returns, arguing that venture investors ultimately need liquidity rather than simply higher paper valuations.

“We have deliberately designed the portfolio around the realities of venture investing,” Maqetuka said. “We diversify at entry, allow performance to emerge and then concentrate capital behind the strongest performers.”

“Paper valuations don’t return capital to investors, exits do,” she said.

Grindstone Ventures Fund I invested in seven companies, including Locstat, Welo and AgriLogiQ. The companies subsequently raised additional equity funding from international investors, while the fund is also finalising an exit that it expects will return capital to investors.

The strategy reflects a broader effort by African venture investors to demonstrate that startup portfolios can generate actual liquidity for limited partners, rather than relying primarily on successive funding rounds to establish higher valuations.

Expanding access to venture capital

Alongside its returns strategy, Grindstone Ventures intends to increase participation by businesses that remain underrepresented in Africa’s venture capital ecosystem.

The fund aims for at least 50% of its portfolio companies to be black-owned while pursuing gender-balanced representation among female founders and women in leadership.

“We don’t believe investors should have to choose between financial performance and building a more inclusive investment ecosystem,” Maqetuka said.

The fund will primarily target South African companies, with selective investments elsewhere in Africa.

By focusing on the Seed-to-Series A stage, Grindstone Ventures is positioning the new vehicle around a part of the African startup market where founders often face a sharp increase in capital requirements before they become attractive to larger institutional investors.

The fund’s ability to provide follow-on capital, combined with operational support and a focus on exits, is intended to help companies cross that gap while building a portfolio capable of delivering returns to investors.

Uganda’s SANDI AI Wins $50,000 GoGettaz Prize to Expand Farmer Financing

Ugandan startup SANDI AI Technologies has won $50,000 at the GoGettaz Agripreneur Prize 2026 for developing technology aimed at helping smallholder farmers access loans without traditional collateral.

Founded by Nabakka Sandra, SANDI AI received the award during the Africa Food Systems Forum 2026 Summit in Kigali, where entrepreneurs, investors, policymakers and agricultural businesses gathered to discuss ways of strengthening the continent’s food systems. The Ugandan agritech startup will use the capital to expand its work connecting smallholder farmers with financing.

The company is building a financing platform that uses agricultural and farmer data to help lenders assess borrowers who may not have conventional collateral or extensive financial records.

That targets a longstanding problem in African agriculture. Smallholder farmers often have land, production experience and established markets but struggle to obtain working capital because they cannot meet the requirements of traditional lenders. SANDI AI is seeking to close that gap by giving financial institutions another way to evaluate farmers while helping producers gain access to credit.

“Farmers should not be limited by systems that were not designed around their realities,” Sandra said. “Technology gives us an opportunity to understand farmers better, recognise their potential, and create pathways that allow them to access the resources they need to grow.”

The $50,000 prize will be used to support product development, expansion and efforts to reach more farming communities.

Tackling the Agricultural Credit Gap

Financing is critical to farmers who need to purchase seeds, fertilizer, equipment and other inputs before generating revenue from their harvests. Yet agricultural lending remains difficult for many financial institutions. Farming incomes can be seasonal, records are often limited and conventional collateral requirements exclude a large portion of producers.

SANDI AI is developing tools intended to give lenders a broader view of farmers and their businesses. The company’s approach combines information about agricultural activity with financial assessment, creating a potential pathway for farmers who would otherwise struggle to qualify for credit.

For lenders, the opportunity is to reach a larger pool of agricultural borrowers while improving how risk is assessed. For farmers, increased access to capital could allow them to increase production and invest in their businesses. The model also places SANDI AI in a growing African market where financial technology companies are looking beyond traditional banking customers to serve informal businesses, farmers and other underserved segments.

A Ugandan Startup Takes the Stage

Sandra founded SANDI AI around the challenges faced by African communities, with agriculture emerging as a key area where technology could have a direct economic impact.

Her background in artificial intelligence and sustainable development has shaped the company’s focus on applying technology to practical problems rather than developing products solely for technical applications. The GoGettaz award gives the company both funding and exposure as it seeks to build a larger business around agricultural finance.

SANDI AI emerged from a field of African agrifood ventures competing for recognition through the GoGettaz Agripreneur Prize, which supports young entrepreneurs developing businesses across agriculture, food systems and related industries. Its win also provides a boost for Uganda’s startup ecosystem, which has produced companies operating across financial technology, agriculture, logistics and digital services.

Expanding Beyond Uganda

SANDI AI’s immediate focus is on strengthening its platform and reaching more farmers, but the challenge it is addressing extends well beyond Uganda.

Across Africa, agricultural businesses require capital to increase production, while banks and other lenders need better information to determine which farmers can sustainably repay loans. That creates an opportunity for companies capable of connecting the two sides of the market.

For SANDI AI, the GoGettaz prize provides an early pool of capital to test and expand that model. The company will also need to demonstrate that its approach can translate into sustainable lending relationships and a commercially viable business as it expands.

“Farmers deserve financial systems designed around their realities,” Sandra said. “Our ambition is to make access to finance smarter, fairer and more inclusive.”

The prize comes at a time when investors and development institutions are paying closer attention to businesses working at the intersection of agriculture and financial inclusion. For SANDI AI, the next step is to turn the recognition in Kigali into wider adoption among farmers and financial partners. The company’s ambition is straightforward: make it easier for African farmers to obtain the capital they need to grow, while giving lenders better tools to serve a market that remains largely underserved.

Samsung Launches Galaxy S26 FE in Kenya at KES 103,100

Samsung Electronics has introduced the Galaxy S26 FE to the Kenyan market, expanding its flagship smartphone portfolio as the company targets consumers looking for premium performance at a lower price point.

The Galaxy S26 FE will go on sale in Kenya from September 4 through selected retail and partner stores. The 8GB RAM and 256GB storage configuration is priced at KES 103,100 and will be available in Blueberry, Pistachio and Graphite.

The launch gives Samsung a new device in the increasingly competitive premium smartphone segment, with the company combining upgraded imaging hardware, artificial intelligence features and long-term software support.

The Galaxy S26 FE is built around a 6.7-inch Dynamic AMOLED 2X display with a 120Hz refresh rate. It also carries a 4,900mAh battery and supports 45W wired charging, with Samsung saying the phone can reach 69% charge in about 30 minutes when paired with the appropriate adapter.

Samsung is also promising an extended software lifecycle, with up to seven generations of operating system upgrades and seven years of security updates. The device has an IP68 rating for resistance to dust and water.

The camera system includes a 50-megapixel main sensor, a 12-megapixel ultra-wide camera and an 8-megapixel telephoto lens supporting 3x optical zoom.

Samsung is positioning the camera system for both everyday photography and content creation. My FanCam is designed to automatically keep subjects centered during video recording, while Super Steady with Horizontal Lock is intended to maintain stable footage when users are moving.

The company has also integrated AI-assisted editing and content creation features. Photo Assist allows users to make image edits using natural-language prompts, while Gemini Omni can help turn photos and other gallery content into video clips.

The software experience is built around Samsung’s One UI 9, with the company highlighting context-aware AI tools aimed at helping users perform tasks and interact with content more efficiently.

The device also includes an updated Smart Switch feature, allowing users to transfer data wirelessly from Android and iOS devices as Samsung seeks to make switching to the Galaxy ecosystem easier.

Samsung is bundling additional services with Kenyan purchases, including Samsung Care+ protection and a six-month trial of Google AI Pro, which includes additional cloud storage and access to advanced productivity features.

The Kenyan launch comes as smartphone makers increasingly compete not only on processor and camera specifications but also on software longevity, artificial intelligence and ecosystem services. Samsung’s seven-year update commitment puts the Galaxy S26 FE among devices designed to remain supported well beyond the typical smartphone replacement cycle.

For Samsung, the Galaxy S26 FE also extends the reach of technologies previously associated more closely with its higher-priced flagship models.

With a KES 103,100 starting price, the Galaxy S26 FE sits above Kenya’s mass-market smartphone segment but below Samsung’s highest-end flagship devices, giving the company another option for consumers seeking flagship features without moving to its most expensive models. The Galaxy S26 FE is available in Blueberry, Pistachio and Graphite, with the 8GB/256GB model retailing at KES 103,100.

How Opiyo Wandayi Reportedly Turned Claude AI Into a New Political Megaphone

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Energy and Petroleum Cabinet Secretary Opiyo Wandayi reportedly became the focus of a coordinated political amplification campaign that used Anthropic’s Claude artificial intelligence to generate social-media content portraying strong public support for the government.

According to a September 2026 report by Anthropic, a Kenyan actor used Claude to produce batches of political posts praising Wandayi and promoting government narratives around electricity prices and other political issues.

The campaign reportedly generated dozens of posts at a time, turning predetermined political talking points into messages designed to resemble spontaneous commentary from ordinary Kenyans.

The activity highlights how generative artificial intelligence is beginning to change Kenya’s political communications landscape, allowing political narratives to be produced at a scale and speed that would previously have required large teams of human content creators.

The reported campaign does not establish that Wandayi personally operated Claude or commissioned the activity. Rather, his name and political profile were reportedly used as part of the messaging generated through the operation.

Among the themes promoted were claims praising Wandayi over electricity tariff measures, alongside hashtags intended to create the appearance of a broader grassroots conversation.

Claude’s role reportedly went beyond simple copywriting. The AI was used to generate multiple variations of similar political messages, helping the campaign create the appearance of different people independently expressing the same views.

That creates a new challenge for voters and journalists: determining whether an apparent surge of online political support represents genuine public sentiment or an artificially amplified campaign.

Anthropic said it found no evidence linking the Kenyan government or Wandayi directly to the operation. The company also assessed that the campaign did not achieve significant breakout into genuine public discourse.

The episode nevertheless points to a potentially important development ahead of Kenya’s 2027 elections.

Political campaigns have traditionally relied on rallies, advertising, influencers, party networks and social-media teams to shape public opinion. Generative AI can now add another layer, allowing operators to manufacture large volumes of politically aligned content with relatively little effort.

For politicians, the technology offers the potential to amplify messages. For political operators, it can provide a way to create the appearance of momentum. And for voters, it makes the distinction between authentic political engagement and synthetic online activity increasingly difficult to establish.

In Wandayi’s case, the reported use of Claude demonstrates how a prominent political figure can become the face of an AI-powered influence campaign without necessarily being its architect.

The bigger question for Kenya’s political ecosystem is whether AI will become a legitimate communications tool or an increasingly sophisticated mechanism for manufacturing political sentiment.

As the country moves toward the 2027 election, the battle for attention may increasingly be fought not only between politicians and parties, but also between real voices and machines capable of making artificial voices sound real.

Power Learn Project Trains 1,700 Youth in Kenya AI, Cloud Skills

Power Learn Project is training 1,700 young people from refugee and host communities in Kenya’s Garissa and Turkana counties in artificial intelligence, cloud computing and data analytics, as technology skills become increasingly important to access jobs in the digital economy.

The 25-week programme, backed by the International Labour Organization, Microsoft and the Garissa County Government and funded by the Netherlands through the PROSPECTS Partnership, combines technical training with workplace skills, professional certification and employment pathways.

More than 700 learners have already enrolled in Garissa from over 1,000 applications, according to Power Learn Project. Women account for 35% of applicants, while 16 of 37 partner digital hubs across Garissa and Turkana are now delivering the programme.

Microsoft is providing as many as 1,000 certification vouchers to graduates, covering credentials including Azure Fundamentals, Azure AI Fundamentals, Power BI Data Analyst and Microsoft 365 Fundamentals.

The initiative reflects a growing push by governments, technology companies and development organisations to connect young people in underserved and refugee-hosting regions with skills that can be sold into local and international labour markets.

For Power Learn Project, the focus is shifting from digital training alone to whether those skills generate income.

“Talent is universal; access to opportunity is not,” said Mumbi Ndung’u, co-founder and executive director of Power Learn Project Africa. “Our work with the ILO and Microsoft in Garissa is about correcting that imbalance by building the skills, infrastructure and pathways that allow young people, regardless of geography or circumstance, to compete, create and earn in the global digital economy.”

The programme is designed to link graduates with employers and other ecosystem partners while supporting opportunities in employment, entrepreneurship and remote work.

Garissa Governor Nathif Jama Adam said the county sees digital skills as increasingly important to the future of work and economic participation.

“As a county, we recognise that the future of work is increasingly digital,” Adam said. The Garissa programme follows the launch of the initiative in Kakuma, Turkana County, in June, extending the training model to more young people in Kenya’s refugee-hosting communities.

The ILO said the programme is aimed at addressing the risk that digitalisation could widen existing gaps in access to employment.

“Digital transformation is reshaping labour markets faster than policy can keep pace,” said Caroline Njuki, chief technical adviser at ILO Kenya.“For refugee-hosting communities, the risk isn’t being left behind, it’s being excluded altogether from the opportunities now defining economic participation.”

The programme’s expansion comes as employers increasingly seek workers with capabilities in AI, cloud computing and data analysis, while young people outside Kenya’s main technology centres continue to face barriers to accessing relevant training and employment.

The partners ultimately intend to measure the programme by its ability to convert training and certification into jobs, businesses, freelance work and sustainable livelihoods.

For Kenya’s refugee and host communities, that could make digital skills less a development intervention and more a direct route into the country’s expanding technology economy.

Apple Enters Foldable Phone Market With $1,999 iPhone Duo

Apple has entered the foldable smartphone market with the iPhone Duo, a $1,999 device that combines a 7.6-inch inner display with a conventional 5.4-inch outer screen as the company seeks to redefine its flagship iPhone lineup.

The device, unveiled Sept. 10, is Apple’s first foldable iPhone and represents one of the biggest changes to the product since the original iPhone. Pre-orders begin Oct. 16, with sales starting Oct. 23.

Apple is positioning the iPhone Duo as a premium productivity and entertainment device rather than simply a phone with a folding screen. When opened, the device offers Apple’s largest-ever iPhone display, while its outer screen is designed for one-handed use and everyday tasks.

The iPhone Duo starts at $1,999 in the US for 256GB of storage and will also be offered with 512GB, 1TB and 2TB capacities. Apple is offering financing starting at $83.29 a month over 24 months.

The pricing puts the device firmly at the high end of the smartphone market and gives Apple a direct presence in a segment that has largely been developed by rivals including Samsung, Huawei and other Android manufacturers.

Apple Bets on the Foldable Form Factor

The iPhone Duo measures similar to a passport when closed and opens into a 7.6-inch Super Retina XDR display. The inner screen is 50% larger than the iPhone 18 Pro Max, according to Apple, while the 5.4-inch outer display provides 90% of the screen area of the iPhone 18 Pro.

Both displays use the same aspect ratio, allowing content to transition between the screens without significant changes in scale.

The inner display has a nano-texture finish designed to reduce glare and reflections while also making the crease less visible. It supports ProMotion, Always-On display functionality and up to 3,000 nits of peak outdoor brightness.

Apple has also redesigned iOS 27 around the foldable form factor. Controls move toward the sides of the interface to preserve vertical screen space, while the expanded display allows two applications to run side by side.

That enables users to perform tasks such as browsing the web while communicating with another person, comparing products in two Safari windows or using Siri AI alongside another application.

A20 Pro Brings Apple’s Latest Silicon to the Foldable

The iPhone Duo is powered by Apple’s A20 Pro processor, the same chip used in the iPhone 18 Pro models.

Apple says the chip’s six-core CPU is up to 20% faster than the previous-generation A19 Pro, while its seven-core GPU is up to 40% faster and more power efficient.

The A20 Pro also includes a dual 16-core Neural Engine, which Apple says delivers twice the compute power for on-device artificial intelligence workloads.

The processor is paired with a custom vapor chamber and an advanced thermal-management system designed to maintain performance during demanding workloads such as gaming, multitasking and AI processing.

Apple says the iPhone Duo can deliver up to 35% better sustained performance than the iPhone 17 Pro.

The company is using a chip package inspired by its M-series Apple silicon architecture, while the A20 Pro is manufactured using a 2-nanometer process.

AI Becomes a Bigger Part of the Foldable Experience

Apple is also using the larger display to expand the role of Apple Intelligence and its redesigned Siri AI assistant.

Siri AI can use information from a user’s messages, emails, photos and other applications to provide context-aware assistance. It can also understand what is displayed on the screen and take actions based on that information.

On the iPhone Duo, users can hold a conversation with Siri while working in another application, making the larger display a more natural environment for Apple’s AI ambitions.

Apple Intelligence also adds new image-editing capabilities, including Spatial Reframing, Extend and an upgraded Clean Up tool.

In Safari, a new Notify Me feature can monitor web pages for changes such as product availability or price reductions.

Apple says AI processing is handled through a combination of on-device processing and Private Cloud Compute, maintaining the company’s focus on privacy.

Foldable Design Changes the Camera Experience

The iPhone Duo has a 48-megapixel Fusion Main camera with a 2x optical-quality telephoto option, alongside a 48-megapixel Fusion Ultra Wide camera.

The main camera can capture 48-megapixel photographs and record 4K video at up to 120 frames per second in Dolby Vision.

But Apple is using the two-screen design to introduce camera features that would not be possible on a conventional iPhone.

Smart Take uses on-device AI to analyze a scene and automatically capture photographs when subjects are ready. Duo Preview allows people being photographed to see the camera’s live preview on the outer display.

The outer screen can also serve as a preview when users take selfies using the higher-resolution rear cameras.

Another feature, Kid Cue, uses animations on the outer display to attract children’s attention toward the camera.

For video calls, Duo FaceTime allows another person to join a conversation through the outer display and camera, while Dual Capture can show feeds from the front and rear cameras simultaneously.

Battery Life Targets a Foldable Weakness

Apple has built the iPhone Duo around a dual-battery architecture, placing one high-energy battery on each side of the device.

The batteries operate as a single system through Apple’s silicon and energy-management algorithms.

Apple rates the device for up to 31 hours of video playback using the inner display and as much as 44 hours using the outer display. With both displays used equally, the company says the device can deliver up to 24 hours of usage per charge.

Fast charging can take the battery to 50% in about 20 minutes, while MagSafe or Qi2 wireless charging can reach 50% in approximately 30 minutes.

Apple Puts Durability at the Center

Durability has been one of the biggest concerns surrounding foldable phones, and Apple is emphasizing materials and engineering in an effort to address it.

The iPhone Duo uses grade 5 titanium with a mirror-polished finish and a precision hinge made from more than 100 components.

Apple says the hinge is designed to support the center of the display while maintaining smooth opening and closing.

The device has an IP68 rating for splash, water and dust resistance. Ceramic Shield protects the rear, while Ceramic Shield 2 on the front provides three times the scratch resistance of the previous generation.

The inner folding display uses a multilayer structure with custom adhesives that allow the layers to move relative to one another as the phone folds, reducing stress on the panel.

An eSIM-Only iPhone

The iPhone Duo will use eSIM globally rather than a physical SIM card.

Apple says the move allows more internal space to be dedicated to battery capacity while offering what it describes as greater security and flexibility.

The device supports Wi-Fi 7, Bluetooth 6 and Thread through Apple’s N1 wireless chip. Its C2 cellular modem adds AI-powered improvements to cellular reliability and supports mmWave in the US.

Apple Targets the Premium End of Foldables

The launch gives Apple a product in a category that has existed for years but has yet to become mainstream across the global smartphone market.

Rather than competing primarily on price, Apple is using its ecosystem, custom silicon, cameras, AI software and tightly integrated hardware and operating system to justify the iPhone Duo’s premium positioning.

The $1,999 starting price is substantially higher than Apple’s conventional flagship iPhones, potentially limiting the foldable to affluent consumers and professionals willing to pay for a larger mobile workspace.

Apple’s strategy also puts pressure on the rest of the premium smartphone market as competitors attempt to differentiate through foldable hardware, AI and larger mobile displays.

The company is offering the iPhone Duo in two colors, Star White and Night Sky, with 256GB, 512GB, 1TB and 2TB storage options.

The iPhone Duo will be available from Oct. 23, with pre-orders opening Oct. 16.

Apple Unveils iPhone 18 Pro With Variable Aperture, A20 Pro Chip and AI-Powered Siri

Apple has unveiled the iPhone 18 Pro and iPhone 18 Pro Max, adding a variable-aperture camera system, a new A20 Pro processor and deeper artificial intelligence capabilities as the company seeks to push its flagship smartphone further into professional photography, computing and personal AI.

The new models were announced Thursday and will be available for pre-order from September 12, with sales beginning September 18. The iPhone 18 Pro starts at $1,199 in the U.S., while the iPhone 18 Pro Max starts at $1,299.

The biggest hardware change is the new 48-megapixel Fusion Main camera, which introduces variable aperture to the iPhone for the first time.

Apple says the camera uses six laser-cut blades to adjust the aperture automatically or manually across four settings. The system can widen the aperture to ƒ/1.48 in low light while allowing users to control depth of field and exposure for more deliberate shots.

The company is also adding Pro controls to the Camera app, allowing users to manually adjust aperture, shutter speed and white balance, as well as use a histogram to monitor exposure.

That moves the iPhone further toward the controls traditionally associated with dedicated cameras, while Apple continues to rely on computational photography to process images.

Video capabilities have also been expanded. Users can apply Cinematic effects after recording video at up to 60 frames per second, while Time-lapse now supports 4K and Dolby Vision HDR. Apple has also updated Audio Mix with new algorithms designed to improve voice quality and separate music from other audio.

Another significant addition is Apple Reference Image, a system designed to help establish whether a photograph represents what the camera sensor captured.

In Reference mode, the iPhone captures signed sensor data that Apple says is developed through Private Cloud Compute into an unalterable reference image. Users can compare that reference with the finished photograph in the Photos app to identify changes.

Apple is positioning the technology as a tool for photographers, journalists and others dealing with the growing difficulty of distinguishing authentic photographs from AI-generated or manipulated images.

The iPhone 18 Pro also gets Apple’s new A20 Pro chip, built on a 2-nanometer manufacturing process.

The processor has a six-core CPU, seven-core GPU and a dual 16-core Neural Engine. Apple says the chip has 50% more memory bandwidth than the A19 Pro and that its GPU can deliver up to 40% higher performance.

The Neural Engine is designed to handle more demanding on-device AI workloads, while a redesigned thermal system aims to allow the processor to sustain higher performance for longer periods.

Apple has paired the chip with a next-generation vapor chamber with three times the surface area of the previous-generation system used in the iPhone 17 Pro. The company says this enables up to a 40% improvement in sustained performance.

The iPhone 18 Pro lineup also introduces Apple’s N1 wireless networking chip, supporting Wi-Fi 7, Bluetooth 6 and Thread, alongside the C2 cellular modem system.

Apple says C2 improves cellular reliability and delivers faster upload speeds while using 15% less energy than its predecessor. U.S. models also gain mmWave support.

Battery life is another area where Apple is claiming a major improvement.

The eSIM-only iPhone 18 Pro can deliver up to 36 hours of video playback, while the iPhone 18 Pro Max reaches up to 45 hours. Apple says the Pro Max can provide up to seven hours of video playback from five minutes of wired charging.

The larger battery in the Pro Max is partly enabled by the removal of the physical SIM slot in eSIM-only markets.

Apple is also making AI a more central part of the iPhone experience through iOS 27 and its new Siri AI system.

Siri AI, which will roll out in beta, is designed to use personal context across applications including messages, email and photos. It can also understand what is displayed on the screen and take actions based on that information.

Apple is extending the technology to the Camera app, where Siri can provide information about objects and scenes in front of the user.

The company is also adding AI-powered features to other parts of the operating system, including image editing tools and a more photorealistic Image Playground. Safari gains a Notify Me feature that can monitor webpages for changes such as product restocks or price reductions.

Apple says sensitive AI processing will continue to rely on a combination of on-device processing and its Private Cloud Compute infrastructure.

The iPhone 18 Pro and Pro Max will come in black, silver, glacier and a new burgundy finish.

Both models will be offered with 256GB, 512GB, 1TB and 2TB storage options.

The new lineup arrives as smartphone makers increasingly compete not only on camera hardware and processor performance but also on how deeply AI can be integrated into everyday mobile computing.

With the iPhone 18 Pro, Apple is combining those trends with more traditional professional camera controls, longer battery life and hardware designed specifically to sustain AI and graphics workloads.

For Apple, the move also strengthens the iPhone’s role as the company’s primary consumer platform for its broader artificial intelligence strategy.

KCB Group Named Among Forbes’ World’s Top Performing Banks for 2026

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KCB Group has been named among the world’s top-performing banks in the inaugural Forbes World’s Top Performing Banks 2026 ranking, giving Kenya one of the 500 spots on a new global benchmark focused on banks’ financial performance rather than customer perception.

The ranking, published by Forbes in partnership with Statista, covers banks across 89 countries and evaluates them using financial data across four areas: profitability, growth and earnings quality, capital and funding resilience, and asset quality and efficiency.

Forbes weighted profitability at 30% of the assessment, growth and earnings quality at 20%, and capital and funding resilience and asset quality and efficiency at 25% each.

The methodology considers indicators including return on average assets, cost-to-income ratio, net interest margin, earnings and deposit growth, equity ratios, loan-to-deposit ratios, credit quality and balance-sheet resilience.

Unlike Forbes’ World’s Best Banks ranking, which is based largely on surveys of bank customers, the new ranking uses objective financial information from sources including S&P Capital IQ, desk research and data submitted by banks.

Forbes also grouped qualifying banks into six asset-size tiers before calculating their scores. The groups range from banks with more than $500 billion in assets to smaller institutions with between $3 billion and $10 billion.

KCB Group, which is headquartered in Nairobi, reported KSh68.4 billion in net profit for 2025, while its latest investor information puts its total asset base at about KSh2.3 trillion. The group operates KCB Bank Kenya alongside regional banking subsidiaries and other financial-services businesses.

The Forbes ranking comes as KCB continues to operate at a scale that makes it one of East Africa’s largest financial institutions. Its balance sheet includes about KSh1.2 trillion in net loans and advances and KSh1.7 trillion in customer deposits, according to the group’s investor-relations information.

Forbes said the global banking industry recorded a 7% increase in net income between 2024 and 2025, reaching $1.3 trillion, citing McKinsey & Company.

The strongest performers in the largest asset category included Singapore’s OCBC Bank and DBS Group, which took the first and second positions respectively. Zimbabwe’s CBZ Bank led the $100 billion-to-$500 billion category, while Saudi Arabia’s Alinma topped the $50 billion-to-$100 billion group.

KCB’s inclusion places a Kenyan banking group in a ranking designed to compare institutions on the underlying strength and quality of their financial performance.

The distinction is significant because Forbes did not select the 500 banks simply on the basis of size. Banks first had to meet eligibility requirements, including having more than $3 billion in assets, publishing audited financial statements and providing at least three consecutive years of financial data.

The ranking therefore provides another international reference point for KCB as the group expands its regional banking operations and competes for customers, deposits and corporate business across East Africa.

Forbes said companies do not pay to participate or be selected for its lists.

TendePay Gets CBK Approval to Operate E-Wallet in Kenya

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TendePay has received approval from the Central Bank of Kenya (CBK) to operate an e-wallet in Kenya, adding a new regulated payments capability to the fintech’s platform.

The development comes about 20 months after TendePay received its Payment Service Provider (PSP) licence from CBK in January 2025. TendePay announced its PSP authorization in February 2025, saying the licence allowed it to process and settle payments on behalf of merchants.

“We are excited to receive this authorisation, which enables us to expand our payment solutions across Kenya,” Abel Masai, TendePay’s chief executive officer, said at the time.

The company’s existing platform provides businesses with payment and financial-management tools, including petty-cash management, bulk payments, payroll processing, supplier payments, collections and reconciliations.

TendePay also supports one-off and recurring payments through M-Pesa, bank transfers and Paybill integrations. Its platform allows businesses to monitor incoming and outgoing payments across M-Pesa and banks, manage different budget lines and assign users to specific wallets, with approval levels and transaction limits for different users.

Founded in 2020 and initially focused on helping businesses manage petty cash before expanding into broader spend-management and payments services, the firm has grown into what it is today due to market needs.

In September 2025, TendePay partnered with Pesalink to enable businesses to make single and bulk payments of up to KSh999,999 instantly across Kenyan banks. The integration also supports automatic reconciliation of incoming bank payments. The Pesalink partnership marked its evolution from a petty-cash management tool into a broader spend-management platform.

“This partnership reflects our evolution into a full spend management platform,” Masai said at the time. “With Pesalink’s trusted infrastructure, we are giving businesses a reliable, secure, and affordable tool to manage every payment, whether large or small, at any time.”

The CBK authorized Payment Service Provider under Kenya’s National Payment System framework now adds the e-wallet capability to its existing regulatory status as a CBK-licensed PSP.

Absa Bank’s Yusuf Omari Appointed Managing Director and Chief Executive Officer

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Absa Bank Kenya’s Board of Directors has today appointed Yusuf Omari as Managing Director and Chief Executive Officer of Absa Bank Kenya, with immediate effect, after meeting all required regulatory and internal approvals.

Mr Omari has served as Interim Managing Director and Chief Executive Officer of Absa Bank Kenya since 1st July 2026, having previously served as the Bank’s Chief Financial Officer since 2009.

In a statement, Mohammed Nyaoga, Chairman of Absa Bank Kenya, said:”The Board is confident that under his leadership, the Bank will continue to strengthen its competitiveness, deepen customer relationships and deliver sustainable growth.”

Throughout his career, Mr Omari has built a strong track record of driving sustainable growth, financial performance and transformation in complex banking environments. As Chief Financial Officer, he played a key role in strengthening the Bank’s financial performance, improving its cost-to-income ratio, optimising capital and supporting the growth of Absa Kenya’s Corporate and Investment Banking, Business Banking and Consumer Banking franchises. He also championed strategic initiatives in digital transformation, ecosystem banking and sustainability.

Mr Omari holds a degree in Economics and a Master of Business Administration. He is also a Fellow of the Institute of Certified Public Accountants of Kenya (FCPA) and a graduate of the Advanced Management Programme delivered by Strathmore and IESE Business School.

“I am deeply honoured by the confidence that the Board and Absa Group have placed in me through this appointment. Absa Bank Kenya has a strong foundation, an exceptional team and an important role to play in supporting Kenya’s economic growth and development,” said Yusuf Omari, on his appointment as Managing Director and Chief Executive Officer of Absa Bank Kenya.

Yusuf is a highly accomplished leader who has made a significant contribution to the Bank’s business and exemplifies the values of excellence, integrity and performance that define the organisation said Saviour Chibiya, Regional Executive for East Africa, Absa Group.

3C Coding School Raises $3 Million to Enter Saudi Arabia and Build AI Learning Platform

Egyptian edtech startup 3C Coding School has raised $3 million in seed funding as it prepares to expand into Saudi Arabia and accelerate development of an artificial intelligence-powered learning platform.

The equity round was led by MRG Economic Group, headed by Egyptian businessman Mahmoud Ramadan, with participation from investor Amr Saad and a group of strategic angel investors.

Founded in 2015 by engineers Hossam Hosny and Ahmed Khallaf, 3C provides technology education for children and young people, covering software development, data science, artificial intelligence, machine learning, game development and cybersecurity.

The company said it has reached more than 120,000 students and recorded 230% revenue growth, giving it a base from which to pursue expansion across the Middle East.

Saudi Arabia will be the company’s first major regional expansion market. 3C plans to develop localized programs and work with partners in the Kingdom as it seeks to scale beyond Egypt.

The company is also investing in an AI-powered learning platform designed to personalize how students learn technology. The system will analyze learning patterns and progress, help instructors track performance and adjust course content according to individual students’ pace and abilities.

The move reflects a broader shift in education technology toward adaptive learning systems that use data and AI to tailor instruction rather than delivering identical content to every learner.

3C said the new platform is being designed to support millions of students across different markets, while its underlying infrastructure will allow the company to scale its technology education programs more efficiently.

The funding gives 3C capital to pursue both objectives simultaneously: establishing a presence in one of the region’s fastest-growing digital economies and upgrading the technology underpinning its education business.

“When we launched 3C in 2015, we were driven by a core belief that technology would become an indispensable part of every child’s future,” Hosny said. “Coding isn’t just for future software engineers; it is a fundamental medium for teaching kids how to think, innovate, and solve complex problems.”

The founders said the latest investment will help the company move from an Egypt-focused education provider toward a regional technology and education platform.

“Securing a $3 million Seed round is a landmark milestone for 3C,” Khallaf said. “We see this investment not as a final destination but as the launching pad for an even more ambitious chapter in our journey.”

3C’s expansion comes as demand for digital skills and technology education grows across the Middle East, while Saudi Arabia continues to invest in digital transformation, technology talent and education as part of its broader economic diversification strategy.

The company plans to use the funding to strengthen its technology infrastructure, expand its Saudi operations and accelerate the rollout of its AI learning platform.

Saviynt Appoints Cybersecurity Veteran Kamel Heus as VP Sales for the Middle East and Africa

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Saviynt, an identity security solutions firm has appointed Kamel Heus as Vice President of Sales for the Middle East and Africa (MEA), as the company advances its growth and strengthens its presence in key markets.

Based in Dubai, Heus will lead Saviynt’s business across the MEA region, including Turkey and is expected to drive new business, renewals and customer expansion across MEA, while leading Saviynt’s regional channel strategy, expanding its partner ecosystem, and building out the company’s local go-to-market team.

In a statement, Pete Angstadt, Chief Commercial Officer at Saviynt siad, “Kamel’s deep experience in the region and understanding of its customers, markets and partner ecosystem will be invaluable as we continue to expand our presence. We’re making a long-term investment in MEA, and his appointment is an important step in bringing Saviynt closer to our customers and partners as we help accelerate their AI journey securely.”

Heus brings 20 years of enterprise cybersecurity sales leadership across the Middle East, Africa and Europe. He has held senior leadership roles at Thales, Centrify (now Delinea) and Sophos, most recently serving as Vice President, EMEA at Thales, where he led the company’s Identity and Access Management business across the region. He holds a PhD in Applied Mathematics and Computing from Université Grenoble Alpes in France and has been based in Dubai for more than a decade.

His appointment will help Saviynt deepen its relationships with customers and partners, expand its regional capabilities and help organizations strengthen identity security as cloud, AI and digital transformation reshape enterprise environments.

Heus will also help MEA businesses address a new category of identity risk: AI agents. As these agents gain access to enterprise applications and data, they require the same discovery, governance and lifecycle controls that are traditionally applied to human identities. Saviynt’s Zuma platform is built to meet this need, giving organizations visibility into AI identities and the ability to enforce least-privilege access across their lifecycle.

As AI reshapes how organizations across government, banking and financial services, utilities, healthcare, oil and gas, and retail approach identity, Heus’ appointment reflects the growing importance of securing both agentic identities and AI-driven environments. His near-term priorities include deepening Saviynt’s regional presence, expanding into Saudi Arabia, and growing local hosting capabilities to meet in-region delivery and data residency requirements.

“The Middle East and Africa have become one of the fastest-growing cybersecurity markets in the world, and Identity sits right at the center of it, especially as AI agents enter the enterprise,” said Kamel Heus, Vice President of Sales, MEA, Saviynt.

Digital Realty Invests $80 Million in Nairobi Data Center as Kenya’s AI, Cloud Demand Grows

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Digital Realty is investing $80 million in a new data center in Nairobi, expanding its infrastructure footprint in Kenya as demand for cloud computing, artificial intelligence and digital services accelerates across East Africa.

The investment adds 6.4 megawatts of capacity through Digital Realty’s new Nairobi Two (NBO2) facility, strengthening the company’s Nairobi campus alongside its existing Nairobi One (NBO1) data center.

The expansion gives Digital Realty additional capacity to serve enterprises, cloud providers, telecom companies and technology businesses that need locally hosted infrastructure and high-speed connections to global digital networks.

The company’s Nairobi campus provides access to more than 100 networks and two internet exchange points, positioning the facility as an important connectivity hub for East Africa.

The investment comes as Nairobi attracts increasing amounts of capital into data centers and other digital infrastructure, driven by rising cloud adoption, fintech, enterprise digitization and growing demand for computing capacity.

For Kenya, the expansion is particularly significant as AI workloads begin driving a new wave of demand for high-performance computing and data storage.

Digital Realty has also brought iColo’s Kenyan and Mozambican operations under the Digital Realty brand, integrating the regional facilities into its global PlatformDIGITAL network.

The Nairobi expansion underscores the growing importance of Kenya as a digital infrastructure market and a gateway connecting East African businesses to global cloud and technology platforms.

At $80 million, the investment also highlights how the economics of Africa’s technology sector are increasingly shifting from software alone toward the physical infrastructure required to run it.

HustleSasa Raises Funding From Impacc to Expand Africa’s Creator Economy

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Kenyan creator-commerce platform HustleSasa has raised fresh funding from African impact investor Impacc, which is leading the company’s latest financing round as it expands its event-ticketing and commerce platform across Africa.

The amount was not disclosed.

Impacc said it has become a shareholder in HustleSasa and is leading the round, while bringing additional investors into the financing. The investment adds to funding the company has received from international and African early-stage investors.

HustleSasa raised $100,000 from Antler in 2021. It later attracted investment from Musha Ventures and Microtraction, while Best Nights VC, the venture arm of German spirits maker Mast-Jägermeister, invested in the company in February 2025. The amount of those investments was not disclosed.

Based on publicly disclosed financing and typical cheque sizes of some of its investors, HustleSasa’s total institutional funding is estimated to be above $500,000, although the company has not confirmed a cumulative figure.

HustleSasa provides ticketing, payments, marketing and commerce tools for event organizers and creators. Best Nights said the platform ticketed more than 1,700 live events attended by over 400,000 people across four African countries in 2024.

HustleSasa processed about 500,000 tickets across more than 2,000 events last year, highlighting the company’s growing role in Africa’s creative economy.

The investor estimates that every 10 tickets sold can generate about one gig job, including work for security personnel, caterers, gate staff, stage builders and technicians.

The latest funding comes as African startups targeting the creative economy attract more interest from investors looking for businesses that combine digital commerce with employment creation.

HustleSasa has not disclosed the size of the Impacc-led round, its valuation or the total amount raised to date.

AXIAN, African Development Bank Target 34,000 Women-Led Businesses With Digital Finance

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AXIAN Group and the African Development Bank are launching a program to provide digital finance and business support to more than 34,000 women-led enterprises in five African countries, targeting a funding gap that has long constrained the growth of female-owned businesses.

The initiative will deploy AXIAN’s Mixx and MVola digital financial-services platforms to provide lending and other financial products to women-led micro, small and medium-sized businesses in Madagascar, Tanzania and Senegal.

A second component will provide financial literacy, digital skills and entrepreneurship training to 25,000 women across Madagascar, Tanzania, Senegal, Togo and Comoros.

Africa has the world’s highest rate of female entrepreneurship, but women-owned businesses face an estimated $49 billion financing gap, according to the African Development Bank. Many also lack the credit histories and collateral typically required by conventional lenders.

The program will use mobile-money transactions, digital lending and alternative credit assessments to reach businesses that have been underserved by traditional financial institutions.

“Across Africa, millions of women are already running successful businesses. The challenge is not entrepreneurship. The challenge is access to finance, to digital tools and to opportunities for growth,” said Erwan Gelebart, chief executive officer of AXIAN Digibank and Fintech.

The initiative has five main objectives: expanding digital finance for women-led businesses, improving financial and digital literacy, developing products tailored to women entrepreneurs, increasing digital inclusion through mobile technology and helping businesses transition into the formal economy.

Implementation will be led by Mixx and MVola alongside AXIAN’s local operating companies in the participating markets.

The partnership builds on the African Development Bank’s broader relationship with AXIAN Telecom. In January 2025, the bank approved a $160 million senior corporate loan to support digital connectivity and financial inclusion in nine African countries, including financing targeted at 22,000 women entrepreneurs in Madagascar.

The new program reflects a broader shift among African financial-services providers toward digital channels and alternative data as a way to expand credit access beyond traditional banking customers.

For AXIAN, the initiative also gives its mobile-money businesses a larger role in lending and financial inclusion, using existing digital platforms to reach small businesses that can be difficult for conventional banks to serve profitably.

Melissa Basque-Roux, coordinator of the African Development Bank’s AFAWA initiative, said the partnership would expand access to financial services while strengthening the skills and digital capabilities of women entrepreneurs.

The program is supported through the bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative and the Women Entrepreneurs Finance Initiative (We-Fi).

The partners expect improved access to finance and business support to help participating enterprises expand, create jobs and move further into the formal economy.

Nigeria’s Drive45 Gets $3 Million From TLG Capital to Expand Fleet

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Nigeria-based mobility company Drive45 Mobility has secured a $3 million senior debt facility from TLG Capital as it seeks to expand its vehicle fleet and increase its presence in the country’s corporate transportation market.

The Lagos-based company, founded in 2021, operates more than 170 vehicles and provides transportation services to local and international businesses. The financing will be used to add vehicles, acquire more customers and expand into other major Nigerian cities.

Drive45 plans to establish operations in Abuja, Port Harcourt, Kano and Kaduna as it expands beyond its current market.

The transaction was arranged with a guarantee from Cascador, a Nigeria-focused platform for growth-stage companies, in partnership with Morgan Stanley. The structure is designed to give Drive45 access to institutional debt while reducing some of the financing risks associated with lending to a growing African business.

Drive45 has worked with Cascador since completing its ScaleUp program in 2024. Cascador has since provided the company with business support and helped prepare it for institutional financing.

“Mobility access is a capital business, so having the right financial backing is everything,” Drive45 Chief Executive Officer Oluwaseyi Adefemi said in a statement.

The company operates a model aimed at reducing the upfront capital required by businesses to access vehicles. Its services include vehicle financing, insurance, maintenance, tracking, documentation and fleet management.

Drive45 said it has recorded no payment defaults during its five years of operation, a track record that helped support its latest financing.

The deal comes as private credit managers increasingly provide growth capital to African companies that have established operations but may not have access to sufficient long-term bank financing or may prefer debt to additional equity dilution.

TLG Capital, which focuses exclusively on sub-Saharan Africa, has made more than 50 investments and completed more than 30 exits across more than 20 African countries since its founding in 2012. Its Africa Growth Impact Fund II is backed by institutional investors including the International Finance Corp., Norfund, Swedfund and Bpifrance.

For TLG, Drive45 is an example of the type of established African business that can use structured debt to finance expansion without raising another equity round.

“Drive45 is a prime example of disciplined capital deployment to meet a clear market need,” said Isha Doshi, co-founder and partner at TLG Capital.

TLG will continue working with Drive45 following the financing on governance, environmental, social and governance monitoring, operational performance and strategic growth initiatives.

Cascador Chief Executive Officer Trish Thomas said the financing reflects the role of structured capital in helping growth-stage African companies move beyond accelerator and early-stage funding.

The transaction was led by Adefemi for Drive45. TLG’s deal team included Aum Thacker and Rohan Subramanian. Legal counsel included Simon Harter, Hannaford Turner and Wigwe and Partners.

For Drive45, the immediate focus is expanding its fleet and reaching more corporate customers as it builds a larger mobility operation across Nigeria.

Nuclear Startup Bluecore Energy Raises $50 Million for Floating Reactor Technology

Bluecore Energy has raised $50 million in seed funding to develop small nuclear reactors mounted on floating barges, giving the startup fresh capital to advance regulatory approvals, secure nuclear fuel and move toward its first commercial deployment.

The round, led by Silverton Partners, comes only months after the company raised $10 million in pre-seed funding and emerged from stealth. The latest financing brings the company’s total funding to $60 million.

Founded earlier this year by Kofi Asante, Bluecore is developing small modular reactors that can operate on floating platforms and supply electricity to ports and other infrastructure without requiring a conventional nuclear plant to be built on land.

The company is initially targeting the maritime sector, where ports face growing electricity requirements while seeking to reduce emissions. Its technology could also serve data centers and communities that require large amounts of reliable power.

Bluecore is headquartered at the Port of Long Beach in California, where it has established its first operating base. The Port of Long Beach is also the company’s initial commercial focus, although Asante said the startup has received interest from other ports and data-center operators.

The reactors can be positioned offshore or near a port and connected to infrastructure through subsea cables. The floating configuration is intended to allow the power-generating system to be moved rather than permanently tied to a single location.

The company is now working through the regulatory process with the U.S. Nuclear Regulatory Commission and the U.S. Coast Guard. Formal engagement with the agencies began in August, with the product design undergoing review.

Regulatory approval will be critical to Bluecore’s ability to move from prototypes to commercial nuclear power generation. The company has already launched two floating barges and has a reactor as it prepares for the next stage of development.

The new funding will be used for product development, regulatory work, nuclear fuel purchases and hiring. Bluecore also expects its supply chain to be one of its biggest challenges as it seeks to obtain specialized components quickly enough to support commercial production.

The company says its team includes engineers and executives with experience at SpaceX, Rivian and Toyota, bringing manufacturing and supply-chain expertise from industries that have scaled complex hardware.

Bluecore is preparing to purchase nuclear fuel and send it to a partner at a U.S. national nuclear laboratory as it advances toward reactor testing and eventual operation.

The fundraising comes as investors increasingly back nuclear technologies aimed at meeting rising electricity demand from data centers, industrial facilities and other power-intensive customers. Small modular and microreactor developers are seeking to offer an alternative to conventional large-scale nuclear plants, which can require years of construction and significant upfront investment.

For Bluecore, the proposition is not simply smaller nuclear reactors but a different deployment model: putting the power plant on a movable platform and bringing electricity infrastructure closer to where it is needed.

That could give the technology an advantage in locations where expanding conventional grid infrastructure is slow or expensive. But the company still faces the same hurdles confronting the broader advanced-nuclear industry, including licensing, safety, fuel supply, manufacturing capacity and the cost of deploying commercial reactors.

Bluecore’s immediate test will be whether it can turn its floating reactor design into a certified power plant and secure its first customers.

The $50 million round gives the startup considerable capital for that effort, but commercial deployment will ultimately depend on regulatory approval and its ability to manufacture and operate the systems at a competitive cost.