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CEO Weekends: SUN Mobility’s Ajay Goel on Building Africa’s Universal Battery-Swapping Network

India’s SUN Mobility is entering Africa with a proposition that goes beyond putting more electric vehicles on the road, by building an open-architecture battery-swapping ecosystem serving multiple electric vehicle manufacturers and electric vehicle brands.

Sun Mobility’s open-architecture battery-swapping ecosystem, a first in Africa, with Kenya serving as the launch market for a broader continental expansion will operate in partnership with Vivo Energy, and the two have already deployed 35 battery-swapping stations across Nairobi and Mombasa.

The network supports electric motorcycles, scooters, passenger tuk-tuks and cargo three-wheelers, with more than 10 vehicle manufacturers represented at the Kenyan launch. The company says compatible vehicles from those manufacturers are being rolled out across Kenya in the coming weeks.

The strategy puts infrastructure at the centre of SUN Mobility’s African expansion. Rather than requiring each vehicle manufacturer to develop and deploy its own battery-swapping network, the company’s open architecture is designed to allow multiple brands and vehicle categories to operate on a common platform. For manufacturers, that creates a pathway to scale without having to build proprietary swapping infrastructure alongside their vehicles, while riders and fleet operators gain access to a network designed around multiple brands.

The infrastructure play

Ajay Goel, Co-Founder and CEO, International Business at SUN Mobility, said the company’s ambition is to create an infrastructure platform that can serve the broader electric-mobility ecosystem rather than a single manufacturer.

“By building an open architecture battery swapping ecosystem for multiple vehicle manufacturers and vehicle formats, we are giving riders greater choice, fleet operators more flexibility and financiers greater confidence that the vehicles they finance will remain supported by a reliable, independently operated battery-swapping network,” Goel said. “For vehicle manufacturers and ecosystem partners, our platform offers a capital-efficient pathway to scale.”

That capital-efficiency proposition is central to the company’s model. Electric-vehicle manufacturers entering a new market face not only the challenge of developing and selling vehicles but also the infrastructure question of how those vehicles will be powered. SUN Mobility’s approach separates the vehicle from the energy infrastructure, allowing manufacturers to concentrate on their vehicles while using a common battery-swapping network.

The model is designed to give riders greater choice while allowing fleet operators and financiers to participate in an ecosystem that is not dependent on a single vehicle manufacturer. For SUN Mobility, the network itself becomes the core infrastructure asset.

The competitive edge in Kenya

SUN Mobility is entering a Kenyan electric-mobility market that is already attracting companies building businesses around electric motorcycles, battery swapping and charging infrastructure. That makes differentiation important as the market develops and more players compete for riders, fleets, manufacturers and investors.

SUN Mobility’s proposition is differentiated by the architecture of its network. Rather than building an ecosystem around a single vehicle manufacturer, the company is introducing an open-architecture platform designed to support multiple vehicle manufacturers and vehicle formats. At its Kenyan launch, it showcased compatible vehicles from more than 10 manufacturers, including Afrina Neopower, BGauss, Fika Mobility, Motovolt, Odysse, Piaggio, QJ Motor, Sprocomm, VMoto and Wylex.

That gives the company a potentially broader infrastructure proposition. Its focus is not simply on putting electric vehicles on Kenyan roads, but on building the energy network those vehicles can share. For manufacturers, the attraction is the ability to use a common swapping infrastructure rather than having to develop and deploy a proprietary network of their own.

The Vivo Energy partnership adds another layer to the proposition. SUN Mobility is entering Kenya with an expansion model linked to a company that operates more than 4,200 Shell and Engen-branded service stations across 29 African markets. If deployed as planned, that footprint gives SUN Mobility a potential route to scale beyond Kenya while placing its battery-swapping infrastructure in locations that already form part of the continent’s mobility and energy infrastructure.

The company also has an established operating base in India. Through Indofast Energy, its 50:50 joint venture with Indian Oil, SUN Mobility says it operates more than 2,000 battery-swapping stations across 25 cities, powering more than 125,000 electric two- and three-wheelers. Those vehicles have completed more than 70 million swaps and covered more than 2 billion kilometres, according to the company.

That combination of multi-manufacturer compatibility, an established technology platform and access to Vivo Energy’s continental footprint gives SUN Mobility a distinctive proposition as it enters Kenya. It does not, however, guarantee market leadership. The company will still need to demonstrate that its network can scale commercially, that compatible vehicles are deployed quickly enough to generate demand and that its economics are compelling for riders and fleet operators.

SUN Mobility has not disclosed its Kenyan battery-swapping prices, subscription fees or other detailed commercial terms in the launch announcement. Those details will ultimately determine how its proposition compares on cost as competition in Kenya’s electric-mobility market develops.

The economics of going electric

The company is also positioning the model around operating economics. SUN Mobility says its solution can deliver 20% savings compared with petrol vehicles for riders travelling 100 kilometres per day, with savings rising to as much as 35% for riders travelling 150 kilometres a day.

Those figures are central to the company’s commercial proposition because the value of battery swapping is closely linked to how intensively a vehicle is used. SUN Mobility is targeting electric motorcycles, scooters and three-wheelers, including passenger and cargo applications, where the company’s stated savings are intended to demonstrate the potential operating-cost advantage of moving away from petrol.

The company has not disclosed Kenyan battery-swapping prices, subscription fees or other detailed local commercial terms in the launch announcement. That leaves the precise commercial structure still to emerge as the network moves into deployment.

At the Kenya launch, SUN Mobility showcased compatible vehicles from Afrina Neopower, BGauss, Fika Mobility, Motovolt, Odysse, Piaggio, QJ Motor, Sprocomm, VMoto and Wylex. The manufacturers are in the process of rolling out compatible vehicles across Kenya in the coming weeks.

battery

The breadth of manufacturers is significant to the company’s open-architecture proposition because the network is being built to accommodate different vehicle brands and formats rather than being tied to a single product ecosystem. For riders, the proposition is centred on access to energy when it is needed, with battery swapping providing an alternative to waiting for conventional charging.

Vivo Energy’s continental advantage

The partnership with Vivo Energy gives the strategy a potentially significant physical footprint. Vivo Energy operates more than 4,200 Shell and Engen-branded service stations across 29 African markets, and the companies plan to leverage that network as SUN Mobility expands its battery-swapping infrastructure across the continent.

For Vivo Energy, the partnership also represents an evolution of its existing service-station model. Hans Paulsen, EVP East & Southern Africa at Vivo Energy, said SUN Mobility’s open architecture aligns with the way the company’s stations already serve multiple vehicle brands and categories.

“SUN Mobility’s model aligns closely with how our Shell service station network operates today, serving multiple brands and vehicle categories. Just as our stations serve vehicles across different brands and categories through a shared refueling network, SUN Mobility’s open-architecture battery swapping network can support multiple electric vehicle manufacturers and vehicle types through one common network,” Paulsen said.

The companies intend to use the existing service-station footprint to create convenient locations for electric-mobility users while transforming fuel stations into multi-energy hubs. The strategy gives SUN Mobility access to an established network of locations as it seeks to move beyond its initial Kenyan deployment and build a presence across multiple African markets.

For Vivo Energy, the partnership also provides a route into the emerging electric-mobility ecosystem while retaining the relevance of its existing service-station network. For SUN Mobility, the relationship provides an expansion platform that extends beyond the initial 35 stations in Nairobi and Mombasa.

From India to Africa

SUN Mobility is bringing its African expansion to market with an operating platform it says has already been proven at scale in India. Through Indofast Energy, its 50:50 joint venture with Indian Oil, the company operates more than 2,000 battery-swapping stations across 25 cities in India, powering more than 125,000 electric two- and three-wheelers.

According to SUN Mobility, those vehicles have completed more than 70 million battery swaps and covered more than 2 billion kilometres, avoiding more than 98,000 tonnes of carbon emissions. The company presents those figures as evidence of its ability to operate battery swapping at significant scale.

The technology behind the platform has been developed fully in-house over the past nine years, according to the company, and is backed by more than 450 patents, design registrations and trademarks. Its platform combines Smart Batteries, Quick Interchange Stations and a proprietary cloud-based Smart Network designed to manage the assets and customer touchpoints across the ecosystem.

SUN Mobility says its Smart Batteries are built to high safety standards and can be upgraded without requiring changes to vehicles. Its Quick Interchange Stations are designed for high throughput and thermal control to charge batteries before dispensing them, while the Smart Network provides connectivity, tracking and maintenance capabilities across the network.

The India experience is important to the African strategy because SUN Mobility is not starting with an untested concept. The company is bringing a platform that it says already supports more than 125,000 vehicles and has facilitated more than 70 million swaps into a new geographic market.

The five-year African ambition

The company now plans to take that technology and operating model beyond Kenya. Over the next five years, SUN Mobility says it plans to deploy more than 2,500 battery-swapping stations and power more than 160,000 vehicles across Africa, with Vivo Energy’s pan-African retail network providing a foundation for the expansion.

“Kenya is just the beginning of our long-term vision to build Africa’s largest universal battery swapping network for electric mobility,” Goel said.

That ambition places the company’s Kenyan launch within a much larger infrastructure strategy. The objective is not simply to increase the number of electric motorcycles, scooters and three-wheelers on African roads, but to establish a shared energy network capable of supporting those vehicles regardless of the manufacturer that produces them.

If the model scales as planned, SUN Mobility would be positioning its battery-swapping platform as an infrastructure layer connecting vehicle manufacturers, riders, fleet operators, financiers and energy providers. The open architecture is intended to allow that network to grow across brands rather than requiring a separate infrastructure ecosystem for each manufacturer.

For Kenya, the immediate focus will be on expanding the 35 stations already operating in Nairobi and Mombasa, bringing compatible vehicles from the launch partners onto the network and establishing the commercial model for riders and fleet operators. For SUN Mobility and Vivo Energy, however, the longer-term opportunity extends well beyond the Kenyan market.

The five-year target of more than 2,500 stations and 160,000 vehicles represents the scale of the company’s African ambition. Its strategy rests on an open network, multiple vehicle manufacturers, an established service-station footprint and technology already deployed at scale in India.

Kenya is the first market in that expansion, but the stated objective is considerably larger: to build a universal battery-swapping network capable of supporting Africa’s electric-mobility ecosystem across vehicle manufacturers, vehicle formats and markets.

Ticketmaster’s Quicket Enters Kenya to Tap East Africa’s Growing Live Events Market

Ticketmaster, which acquired South Africa’s Quicket in July 2024, is entering Kenya, betting on the country’s fast-growing live entertainment industry as global ticketing firms seek a larger share of Africa’s youthful, mobile-first consumer market.

The expansion gives Kenyan event organizers access to Ticketmaster’s global event distribution network while introducing localized payment options, including Safaricom Plc’s M-Pesa and Airtel Money, making digital ticket purchases easier for consumers.

The launch comes as international entertainment companies increasingly target Africa, home to about 1.6 billion people and the world’s youngest population, where rising smartphone adoption and digital payments are reshaping how consumers discover and purchase tickets for concerts, festivals, sporting events and cultural experiences.

Quicket said events hosted on its platform will be discoverable through global digital channels including Spotify, Google, Meta Platforms Inc., Apple Music and Bandsintown, allowing organizers to reach audiences beyond traditional marketing channels.

The company is also developing WhatsApp-based ticketing and artificial intelligence-powered recommendation tools aimed at simplifying event discovery and purchases, reflecting growing demand for conversational commerce across African markets.

Quicket has already signed Kenyan partners including Beneath the Baobabs, one of the country’s best-known music festivals held in Kilifi, and restaurant discovery platform EatOut.

“Kenya has a vibrant and growing live entertainment scene,” John Masembe, Quicket’s Business Operation Director, said in a statement. The company aims to provide the infrastructure that helps organizers, artists and venues grow while improving the fan experience through secure digital ticketing.

Ticketmaster South Africa Managing Director Justin Van Wyk said Kenya’s combination of a young population, widespread mobile payments and an expanding community of event organizers makes it an attractive market for the company.

The launch formalizes Quicket’s presence in East Africa after nearly a decade of operating in the region through local partners. Since 2016, the company has built relationships with event organizers while developing field operations and support services.

The move underscores increasing competition among global technology companies seeking to capitalize on Africa’s expanding digital economy, where mobile payments have lowered barriers to online commerce and fueled demand for digital services. For Ticketmaster, Kenya serves as a strategic gateway into East Africa’s live entertainment market, combining established mobile payment infrastructure with a rapidly growing appetite for live experiences.

TechMoran Launches StartupEast Conference & Awards to Find East Africa’s Next Generation of Startups

TechMoran, Africa’s pioneer startups and technology news media, is launching StartupEast Conference & Awards, a new platform aimed at identifying East Africa’s early-stage startups and connecting them with investors, customers and strategic partners.

The initiative opens with a call for nominations and will culminate in the StartupEast Conference & Awards on 1st of December 2026 in Nairobi, Kenya. Startups based in or operating in East Africa can participate regardless of the nationality of their founders, provided they have raised less than $2 million and are less than 8 years.

Nominations are open through TechMoran.com/Nominations.

The programme targets tech startups that are still early in their development, including startups with a prototype, minimum viable product, early customers or initial traction. Applications will span sectors including artificial intelligence, fintech, health technology, agriculture, climate technology, enterprise software, commerce, logistics, mobility and education.

“We are looking for startups that are still early enough to surprise the market,” said Sam Wakoba, co-founder of TechMoran. “There are founders building real businesses, solving difficult problems and winning their first customers without necessarily having the visibility that comes with a large funding round. From an investor and mentor’s perspective, this is often where some of the most interesting opportunities are found.”

The nomination process will be followed by shortlisting and public voting, with the finalists recognized at the December conference and awards.

StartupEast is positioning itself less as a conventional awards programme and more as a discovery mechanism for startups that could become significant businesses.

“We are deliberately looking beyond the pitch deck,” Wakoba said. “We want to understand the founder, the problem they are solving, the strength of the product, early traction, the size of the opportunity and whether the business has the potential to scale.”

That focus comes as Kenya’s and East Africa’s startup ecosystem continues to attract founders and capital while competition for funding becomes more selective. For early-stage startups, visibility with investors is increasingly tied to the quality of their networks, traction and ability to demonstrate a path to scale.

StartupEast will use the nomination and selection process to build a startup pipeline ahead of the December event, where startups will meet venture capital investors, angel investors, corporates, technology companies and potential customers.

“The awards are the culmination of a much broader discovery process,” Wakoba said. “StartupEast is about bringing those companies into the spotlight early and giving the ecosystem a role in identifying the founders and businesses worth backing.”

Kenya’s technology sector has earned the nickname Silicon Savannah, helped by startups that have transformed mobile payments, financial services, commerce and other industries. StartupEast is betting that another generation of startups is now emerging beneath the established names.

“The Silicon Savannah story is still being written,” Wakoba said. “We have already seen what Kenyan founders can build, but the next generation will emerge from places that may not yet be obvious.”

The December awards will include categories such as Startup of the Year, Most Promising Startup, Founder of the Year and sector awards covering areas including AI, fintech, health technology, agritech, climate technology and enterprise technology.

But for Wakoba, recognition is secondary to the commercial connections that can follow.

“We don’t want this to be about trophies,” he said. “Recognition matters when it creates opportunity. For an early-stage startups, being discovered by the right investor, landing a first enterprise customer, finding a strategic partner or attracting exceptional talent can be far more valuable than an award itself.”

The first step is now open to the ecosystem and startups can be nominated at TechMoran.com/Nominations. StartupEast Conference & Awards 2026 will take place on Dec. 1 in Nairobi.

AWS to Spend $1 Billion Putting AI Engineers Inside Customer Teams

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Amazon Web Services (AWS) is investing $1 billion to place thousands of artificial intelligence specialists inside customer organisations, in a move that will help businesses use AI in everyday operations rather than experimenting with it.

Dubbed AWS Forward Deployed Engineering (FDE), the unit will work directly with customers to build and deploy so-called “agentic” AI systems to carry out tasks and make decisions with limited human intervention.

AWS says the initiative could cut the time needed to deploy AI systems from months to days, while giving customers the expertise needed to operate them independently.

The engineers will work alongside customers’ business, engineering and security teams, using AI agents to build systems around their data, governance requirements and existing processes.

AWS explained that the approach is different from traditional consultancy because the engagements focus on business results rather than billable hours. Customers are intended to leave with functioning AI systems, as well as new engineering skills, workflows and technical capabilities.

The FDE teams will use an approach AWS calls the AI-Driven Development Lifecycle, in which AI agents assist across the software development process while human engineers oversee and verify their work.

AWS also plans to work with technology partners that can provide expertise in AI models, industry-specific requirements and other technical areas.

The company is already working with organisations including the Allen Institute, Cox Automotive, the National Basketball Association, the National Football League, Ricoh and Southwest Airlines.

“The NFL has millions of fans who want to consume football content throughout the year, including the offseason. We innovate at the pace and scale needed to meet the high expectations of our fans,” said Gary Brantley, chief information officer of the National Football League.

“To create new digital experiences for our fans, the NFL partnered with AWS FDE and got engineers building alongside our team to launch into production in just weeks. Together, we created new fan-facing products like NFL Fantasy AI and NFL IQ that allow fans to interact with NFL data like never before. The engagement from fans and broadcasters was measurable from day one and was made possible by AWS’s delivery model.”

One part of the system is a semantic layer deployed inside a customer’s AWS account. It connects to enterprise data sources, enriches metadata and creates a governed, versioned knowledge graph that AI agents can use.

The system is designed to keep an organisation’s specialist knowledge within its software and data, rather than relying on individual employees or external consultants.

AWS also says security will be built into the deployments, with measures including hardware-based isolation and end-to-end encryption. Customer data will remain within the customer’s governance framework.

The investment builds on AWS’s existing work helping businesses deploy AI. The company has been developing AI solutions for customers since 2017, while its Generative AI Innovation Center has worked on thousands of customer projects over the past three years.

Those projects have included work with BMW to reduce service disruptions across 23 million connected vehicles, Jabil to develop a manufacturing assistant for factory workers, and Lyft to resolve driver-support issues 87% faster, according to AWS.

The new organisation will target companies that have moved beyond AI experiments and need the technology operating in real-world business processes.

Regulated industries, financial services firms and government agencies are expected to be among the main customers, where security, governance and the speed of moving AI systems into production can be particularly important.

Kenya Appoints Advisers to Launch First National Lottery

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Kenya has appointed a consortium led by RSM Eastern Africa and Sweden’s QLOT Consulting as transaction adviser for the country’s first national lottery, marking a key step toward selecting an operator and establishing a state-backed lottery system.

The National Lottery Board said Thursday that the consortium will oversee the procurement process for the lottery operator, support transaction structuring and help prepare the project for launch.

The appointment followed an international tender conducted under Kenya’s Public Procurement and Asset Disposal Act, 2015, using the Quality and Cost Based Selection methodology.

According to the Board, the consortium emerged as the highest-ranked bidder.

RSM Eastern Africa will provide transaction advisory and institutional strengthening expertise, while QLOT Consulting, an associate member of the World Lottery Association, will contribute experience from lottery procurement projects in international markets. The assignment also includes a knowledge transfer program aimed at strengthening the Board’s internal capacity.

“The appointment of a credible, multidisciplinary Transaction Advisor is a defining step in building a National Lottery that Kenyans can trust,” National Lottery Board Chairperson Farida Karoney said in a statement. “Our National Lottery will be structured transparently, governed responsibly and built to international best practice.”

The National Lottery Board was established under the National Lottery Act of 2023 with the mandate to establish, oversee and safeguard the country’s national lottery, procure and contract an operator, and administer the National Lottery Fund.

Kenya’s broader gambling industry is regulated by the Gambling Regulatory Authority under the Gambling Control Act of 2025. While the future lottery operator will be licensed by the regulator, it will remain contractually accountable to the National Lottery Board.

The government said proceeds from the lottery, after prizes and operating costs, will be paid into the National Lottery Fund and allocated to public interest initiatives, including charitable and humanitarian work, youth and women’s economic empowerment, sports, arts and the creative economy, national heritage, health, education, emergency response and other national development projects.

The Board said responsible gaming measures will be embedded into the lottery’s design, including age verification, spending controls, self exclusion mechanisms, advertising standards and clear disclosure of winning odds.

The next phase of the project will focus on launching a competitive process to attract and appoint a lottery operator.

The Board said timelines for the procurement will be announced later, adding that it would prioritize transparency and rigor throughout the process.

Powered by People Raises Funding to Connect African Makers to the AI-Driven Global Marketplace

Powered by People, a commerce technology company with deep roots in Africa, has raised new funding to build infrastructure that could help independent brands compete in an increasingly AI-driven global marketplace.

The financing was led by the BESTSELLER Foundation and joined by existing investors Golden Ventures, Susa Ventures and Altos Ventures, according to the company.

The investment comes as Powered by People, or PBP, expands its focus on what it calls the “trust layer” for agentic commerce technology designed to ensure that product information can be discovered, understood and trusted by consumers and AI systems making purchasing decisions.

But behind that emerging AI-commerce business is a company that has spent years working with artisans and independent brands in Africa, helping them overcome some of the barriers that have traditionally kept small producers from global markets.

PBP’s maker network currently includes more than 3,000 businesses globally, with a substantial concentration across Africa. Its directory lists producers in Kenya, Ghana, Ethiopia, Côte d’Ivoire, Djibouti, Madagascar, Malawi, Mali, Morocco, Namibia, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe, among other markets.

Kenya is particularly important to the company’s operations. PBP’s Kenyan network includes brands such as Kazuri, Adele Dejak, Airi Kenya, Ankole Luxury, Bawa Hope, BeadWORKS, FLOC, Kitengela Hot Glass, Lulu Kitololo Studio, SOKO, Ubuntu Life and We Are NBO.

The company has sought to address a problem that goes beyond simply giving African businesses an online storefront.

Many artisan and creative businesses have products that can compete internationally but lack affordable financing, digital infrastructure, export readiness, technical expertise and access to large buyers.

PBP’s model combines those elements. The company provides financing, training, digital tools and market access, while its dropship platform connects independent brands with international retailers.

In Kenya, that work has included the Jiinue Growth Program, implemented with the Mastercard Foundation and a consortium of partners including Grassroots Business Fund, DT Global, 4G Capital, GROOTS Kenya, the Kenya National Chamber of Commerce and Industry and the Kenya Private Sector Alliance.

Through the program, PBP provides Kenyan makers with financing, digital tools, training and access to markets. The company says the support has helped businesses improve their digital presence, increase production and enter its dropship program, with products reaching buyers including the Smithsonian and Nordstrom.

Ella Peinovich, Founder & CEO

The scale of the company’s earlier Kenya work illustrates the size of the opportunity. In 2023, PBP provided $215,453 in financing to 451 individual Kenyan makers. It also created digital profiles for 65 makers, delivered technical assistance to 55 and generated market access for another 10, according to its 2023 sustainability report.

The company has since expanded its approach to include AI-supported digital tools. PBP says its technology can help artisans address what it calls the “retail readiness gap,” using AI to create professional product catalogs that improve online visibility, product discovery and sales.

That work is becoming increasingly relevant as AI systems begin to influence how consumers find and buy products.

Rather than searching through dozens of websites themselves, consumers could increasingly ask AI agents to find products, compare prices and eventually complete purchases. For a small African brand, being invisible to those systems could become another barrier to international growth.

PBP is building technology intended to address that problem.

Its CatalogAgent solution is designed to optimize product catalogs for agentic-commerce platforms, while PBP Verified provides validation around sustainability, quality, reliability and compliance. The company says the tools are intended to give retailers, consumers and AI purchasing agents greater confidence in the products they encounter.

That represents a shift in the company’s original mission.

PBP was built around helping independent brands and producers of responsibly made goods reach global markets, access financing and use digital tools. Its current strategy combines that mission with technology designed for a retail environment increasingly shaped by artificial intelligence.

The company’s founders also bring direct experience in global sourcing and African entrepreneurship.

Ella Peinovich is the founder and chief executive officer. She previously built SOKO, an independent jewelry brand that was acquired by Essense Ventures in 2022.

Hedvig Alexander, PBP’s founder and vice president of community and impact, previously built a global sourcing network of more than 5,000 artisans through Far + Wide Collective.

Alison Phillips, founder and vice president of merchandising and design, previously founded the lifestyle home brand Caban, which was sold to Ralph Lauren, and has held merchandising and design roles at companies including Aritzia and BlackBerry.

Their combined experience reflects the company’s unusual position between traditional global sourcing, African artisan businesses and emerging commerce technology.

One example is Kazuri, the Kenyan jewelry company founded in 1975. PBP says Kazuri has rebuilt its artisan workforce after the pandemic and is expanding into Nordstrom while continuing to focus on women and their families. Another is BeadWORKS, a Kenyan social enterprise working with more than 1,300 women artisans across nine community conservancies. The program links artisan income with conservation efforts, with the company saying it indirectly benefits more than 7,800 people.

PBP’s financing model is also aimed at a problem that can become more acute when small businesses receive large international orders: cash flow.

The company offers purchase-order financing, allowing artisans to receive advances after buyer orders are verified, as well as consignment financing designed to help makers meet retailer demand without bearing the full upfront cost of production.

For African businesses, the combination could be significant.

A maker may have a product capable of selling internationally but lack the capital to manufacture a large order, the digital catalog required by a retailer or the product information required by an AI system.

PBP is attempting to build the infrastructure connecting those pieces.

The BESTSELLER Foundation investment therefore comes at a point when PBP is moving from a marketplace focused on connecting makers with retailers toward a broader technology platform for how products are discovered, validated and purchased.

“At BESTSELLER Foundation, we invested in PBP to expand access to markets, income to global suppliers, and ownership within local economies,” Tine Henriksen, managing director of BESTSELLER Foundation, said in a statement.

She said PBP’s dropship platform and verified product catalog data could help producers participate in an economy where AI increasingly influences how products are discovered, trusted and purchased.

For Africa’s independent brands, that transition could matter beyond e-commerce. The next gatekeeper to a global customer may not be a department-store buyer or a Google search result. It could be an AI agent deciding which products are relevant enough to recommend.

PBP is betting that African makers should have the data, financing, technology and market access needed to compete when that happens. Its broader proposition is that the future of global commerce will not be built only around transactions, but around whether consumers and the machines increasingly shopping on their behalf can trust the products being offered.

Absa, Simba Partner to Expand Vehicle Financing as Kenya Businesses Seek Growth

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Absa Bank Kenya and Simba Corporation are partnering to expand financing for vehicles and agricultural equipment, targeting businesses and individuals seeking to acquire productive assets amid persistent pressure on access to capital.

The two companies signed a memorandum of understanding that will combine Absa’s revamped asset-based financing offering with Simba Corporation’s portfolio of commercial and passenger vehicles and agricultural equipment.

The agreement allows businesses to finance up to 95% of the cost of trucks, buses, light commercial vehicles and fleet solutions, with repayment periods of as long as 72 months. School buses can qualify for 100% financing over as long as 84 months, according to the companies.

For individuals, financing of as much as 95% will be available for passenger vehicles, also repayable over 72 months.

The partnership comes as Kenyan businesses, particularly small and medium-sized enterprises, continue to face financing constraints that can limit investment in vehicles, machinery and other assets needed to expand operations.

“For many businesses, particularly SMEs, access to affordable and flexible financing remains a key barrier to acquiring the vehicles and equipment they need to grow,” Renato D’Souza, Absa Bank Kenya’s director of business banking, said at the signing ceremony.

Absa unveiled its revamped Asset-Based Finance, or ABF 2.0, proposition earlier this year, with plans to deploy KES 100 billion ($774 million) over three years to businesses and individuals. The bank is targeting sectors including manufacturing, trade and logistics, infrastructure, healthcare and education.

The collaboration with Simba extends that strategy into vehicle and agricultural equipment financing, giving customers access to assets that can directly support revenue-generating activities.

The agricultural component will provide financing of up to 90% for tractors, farm machinery, pick-ups and other equipment, with repayment periods of up to 60 months. The offering is aimed at farmers and agricultural businesses seeking to increase mechanisation and productivity.

Simba Corporation Executive Director Suraj Shah said the financing would make vehicle ownership more accessible to individuals while helping businesses acquire equipment needed to operate and expand.

The partnership also gives Absa access to Simba Corporation’s distribution and customer network across the mobility and equipment markets, while Simba gains an additional financing channel for customers purchasing its products.

For banks, asset-backed lending can provide a way to finance business expansion while tying credit to tangible assets. For customers, longer repayment periods can reduce the immediate cash-flow burden associated with acquiring vehicles and machinery, although the overall cost of financing remains an important consideration.

The agreement underscores a broader push by Kenyan lenders to direct credit toward productive assets as businesses navigate higher operating costs and seek to invest without tying up large amounts of working capital.

Absa said its ABF 2.0 proposition is intended to give customers greater flexibility, faster turnaround times and financing structures aligned with their cash flows.

“As part of our revamped Asset-Based Finance proposition, this collaboration reinforces our commitment to empowering SMEs and businesses across Kenya with the tools they need to scale, create jobs and contribute to economic growth,” D’Souza said.

Bilibili Targets YouTube With Global Creator Push, English Site and AI Moderation

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Bilibili Inc., one of China’s biggest video platforms, is stepping up its push beyond the country’s borders, targeting international creators and audiences as it seeks to challenge YouTube’s dominance in online video.

The Shanghai-based company this week relaunched its international app and is preparing an English-language website, according to marketing materials circulated to creators and recent job listings. Bilibili is also building teams in markets including the US, Japan and Europe, signaling a broader effort to turn its largely China-focused platform into a global creator business.

The expansion could put Bilibili into more direct competition with Alphabet Inc.’s YouTube and other global video platforms. It also raises questions about how the company will handle content moderation, censorship and data security as it enters markets where Chinese technology companies face heightened scrutiny.

Bilibili didn’t respond to a request for comment.

The company already has a substantial audience to build on. Its main Chinese-language platform had 376 million monthly active users, giving Bilibili a scale that few emerging global video platforms can match.

Bilibili has also been courting international personalities. Among the most prominent is MrBeast, the American creator whose videos have appeared on Bilibili’s Chinese platform. The strategy suggests the company sees globally recognized creators as a way to broaden its appeal beyond its existing base of Chinese users.

The revamped international app appears designed to reduce some of the barriers that previously faced overseas users. New accounts can be created without the passport or identity-document verification that had been required for international users of Bilibili’s main platform, according to information shared through an account promoting the service to global creators.

“Bilibili is going global,” the account said in a post on X, adding that content on the international and Chinese services would be the same.

That approach could give Bilibili an unusual proposition for international creators: access to a platform with an established Chinese audience while also building a presence among users outside China.

The company is pitching the platform to creators as a way to reach young, affluent and highly educated audiences. Marketing material shared in a Discord community for Bilibili creators describes an international marketplace for connecting creators with brands for sponsored content as being under development.

An English-language version of the platform is also being prepared.

“We are working hard,” the company said in a presentation circulated to creators, which described the English version as “coming soon.”

Bilibili is simultaneously building a local presence. Job listings show the company is seeking community managers in Los Angeles, London, Mexico City, São Paulo, Istanbul and Tokyo. A Singapore-based position calls for staff to help develop global AI-powered content moderation systems.

That moderation infrastructure could become particularly important as Bilibili expands into the US and Europe.

Chinese internet companies have faced increasing pressure in Western markets over how user data is handled, how content is moderated and whether their platforms are subject to influence from Beijing. TikTok, owned by ByteDance Ltd., has spent years navigating similar concerns in the US, making Bilibili’s expansion a potentially sensitive test for another Chinese consumer internet company.

Bilibili’s challenge will also be commercial.

YouTube has spent more than a decade building a global ecosystem around creators, advertising, subscriptions and video discovery. It operates at enormous scale, with creators accustomed to sophisticated monetization tools and audiences spread across virtually every major market.

Bilibili will therefore need to offer more than access to its existing Chinese audience. It will have to convince creators that the platform can generate meaningful revenue, attract international viewers and provide the tools needed to build businesses around their content.

The company’s global strategy appears to recognize that challenge. Rather than relying solely on Chinese users traveling to its existing platform, Bilibili is establishing local teams, developing an English-language experience and building systems aimed specifically at international creators.

The result could be a new competitor in an increasingly crowded global video market.

For Bilibili, the opportunity is significant. Its domestic success has given it a large audience, a strong creator culture and experience operating one of China’s most influential online communities.

But taking that model overseas will require navigating a very different regulatory and competitive environment.

The next phase of Bilibili’s expansion will show whether its Chinese success can translate into a global creator platform — or whether the barriers facing Chinese technology companies in Western markets prove too difficult to overcome.

Samsung Sets August 27 Galaxy Event, Teases New Addition to Galaxy S26 Family

Samsung Electronics is preparing to expand its Galaxy S26 lineup, with the company confirming a new Galaxy event for August 27 that is expected to introduce another device built around the series’ camera, artificial intelligence and software capabilities.

The company announced the event in an invitation published this week, describing the upcoming product as the “newest addition to the Galaxy S26 family.” Samsung has not yet disclosed the device’s name or detailed its specifications.

The announcement comes as Samsung positions the Galaxy S26 series around photography, content creation and AI-powered experiences. The company says its latest flagship range has raised the bar with its camera and AI innovations, allowing users to capture, create and connect more easily.

For the new device, Samsung says it intends to bring the “core Galaxy S26 experiences” from camera to AI, together with the latest version of One UI, to a broader group of users.

Galaxy S26 FE expected

Although Samsung has not named the device, the announcement has intensified expectations that the company will unveil the Galaxy S26 FE, the anticipated Fan Edition model.

The S26 FE has been the subject of extensive leaks in recent weeks. Reports have pointed to a 6.7-inch 120Hz AMOLED display, Samsung’s Exynos 2500 processor, up to 8GB of RAM and 256GB of storage. A triple-camera system consisting of a 50-megapixel main camera, 12-megapixel ultrawide and 8-megapixel 3x telephoto camera has also been reported.

Other reported specifications include a 4,900mAh battery, 45W charging, an IP68 rating and an aluminium frame. The device is also expected to run One UI 9 based on Android 17 and potentially receive seven years of software updates, although Samsung has yet to confirm these details.

The leaks suggest Samsung could position the phone as a more accessible entry point into the Galaxy S26 experience while retaining many of the features associated with the flagship family.

AI remains central to Samsung’s strategy

Samsung’s decision to highlight AI in the event announcement underscores how central artificial intelligence has become to its smartphone strategy.

Rather than treating AI as a standalone feature, Samsung has increasingly integrated it into photography, content creation, communication and everyday smartphone interactions. The company says the upcoming device will extend many of these Galaxy S26 experiences.

Samsung also highlighted the latest One UI as part of the new device, suggesting that software will be an important component of the announcement alongside the hardware.

The company cautions that while basic Galaxy AI features are provided free of charge, future releases could include enhanced features or services offered on a paid basis.

Samsung keeps the device under wraps

Notably, Samsung’s invitation stops short of identifying the product as the Galaxy S26 FE. That leaves the company room to reveal the device and its positioning during the event.

The approach also allows Samsung to build anticipation around the announcement while leaks have already provided considerable information about what is believed to be coming.

For now, the Galaxy S26 FE remains an expectation rather than an officially confirmed product name.

When to watch

Samsung’s Galaxy Event August 2026 will take place on August 27 at 9 p.m. KST, equivalent to 3 p.m. East Africa Time.

The event will be streamed live through Samsung’s website and its YouTube channel.

If the Galaxy S26 FE is indeed the device Samsung unveils, the event could give the company another opportunity to extend the S26 platform beyond its flagship models and bring its camera, AI and software experience to a wider market.

Samsung Galaxy Event August 2026 begins August 27 at 3 p.m. EAT.

Terra Industries Names Former SpaceX Executive Ben MacWilliams Vice President of Strategy

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Terra Industries has appointed former SpaceX executive Ben MacWilliams as vice president of strategy, as the defense technology company expands its autonomous security systems across Africa and other markets in the Global South.

MacWilliams joins Terra from SpaceX, where he served as director of Starlink Market Access, overseeing the satellite internet service’s regulatory and market expansion across all 54 African countries. He helped launch Starlink in more than 20 African markets, working with government leaders, regulators and ministers.

Before taking responsibility for Africa, MacWilliams led Starlink market access across the Middle East and Central Eurasia, securing the first low-Earth-orbit broadband operating licenses for the service in both regions.

At Terra, MacWilliams will oversee market entry, licensing strategy and government partnerships as the company seeks to deploy its autonomous defense systems in new markets.

“The next phase for us at Terra is getting our technology to governments that need it,” said Nathan Nwachuku, Terra’s co-founder and chief executive officer. “That means licenses, regulators, and relationships across dozens of markets at once. Ben has done this at the highest level.”

MacWilliams said his experience expanding Starlink across Africa had reinforced the importance of sovereign defense capabilities for governments seeking to protect people, infrastructure and natural resources.

The appointment comes as Terra accelerates its expansion following a $52 million seed financing round. The company has also opened its first international office in London and plans to open Pax-2, a new manufacturing facility in Ghana, in the fourth quarter of 2026.

Founded in 2024, Terra develops integrated air, land and maritime security systems powered by ArtemisOS, a software platform designed to coordinate large-scale security operations.

The company targets critical sectors including energy, mineral resources, urban infrastructure, maritime assets, border security and counterterrorism operations, positioning itself as a defense technology provider focused on Africa and the wider Global South.

Mercedes-Benz Marks 140 Years With S-Class Launch in Kenya

Mercedes-Benz marked 140 years of automotive innovation in Kenya with the launch of its latest S-Class and a celebration of the brand’s global anniversary at Muthaiga Golf & Country Club in Nairobi.

CFAO Mobility Kenya hosted the event, which brought together German Ambassador to Kenya Sebastian Groth, Mercedes-Benz customers, business leaders and automotive enthusiasts as the luxury automaker celebrates a milestone dating to 1886, when Carl Benz patented the Motorwagen.

The Nairobi event forms part of Mercedes-Benz’s global “140 Years. 140 Places” campaign, under which three S-Class sedans are travelling more than 60,000 kilometers across six continents and 140 locations associated with the company’s history, innovation and global presence.

The expedition, which started in Stuttgart, Germany, has already covered more than 70 destinations, including cities and landmarks across Europe, the Americas, Asia and Southeast Asia. Kenya is among the selected stops before the vehicles return to Stuttgart in October 2026.

For Mercedes-Benz, the campaign provides a global showcase of its heritage while highlighting markets where the brand sees continued importance.

“Tonight is not simply about celebrating a number, it is about celebrating legacy,” Arvinder Reel, managing director of CFAO Mobility Kenya, said at the event. “A legacy that began in 1886, when Carl Benz patented the Motorwagen and fundamentally changed the way the world moves.”

Kenya has a long association with Mercedes-Benz. The brand has been represented in the country since 1949 through DT Dobie, which later became part of CFAO Mobility Kenya following the integration of CFAO Motors and DT Dobie in 2023.

The new S-Class was the centerpiece of the Nairobi event, positioning Mercedes-Benz’s flagship sedan as a showcase for the company’s latest technology, comfort, safety and connectivity features.

The model has traditionally served as a technology platform for Mercedes-Benz, with innovations introduced in the S-Class often influencing vehicles across the wider lineup.

Idrissa Diagne, general manager of Mercedes-Benz at CFAO Mobility Kenya, said the company would continue focusing on technology, safety and premium customer service.

“Together with our customers, enthusiasts, and communities, we are celebrating a historic milestone that honors the brand’s enduring legacy of innovation, engineering excellence, and pioneering spirit,” Diagne said.

CFAO Mobility Kenya’s current Mercedes-Benz lineup includes the C-Class, E-Class and S-Class sedans, alongside the GLC, GLE, GLS and G-Class SUVs. Its commercial range includes the Vito, V-Class and Sprinter vans.

The anniversary comes as luxury automakers increasingly compete not only on vehicle performance but also on technology, personalization and the broader ownership experience.

Reel said CFAO Mobility Kenya’s role extends beyond selling vehicles, with the distributor investing in technical capabilities, facilities and customer service.

“Our responsibility is not merely to sell you a Mercedes-Benz. Our responsibility is to earn the privilege of serving you,” Reel said.

The Kenya stop gives Mercedes-Benz an opportunity to connect its century-plus history with a market increasingly positioned as a regional commercial and innovation hub. For CFAO Mobility Kenya, the anniversary also provides a platform to reinforce its position as the local representative of one of the world’s best-known luxury automotive brands.

With the global expedition continuing toward its October return to Stuttgart, Kenya now forms part of Mercedes-Benz’s 140-year story — linking the company’s origins in the invention of the automobile with its latest generation of luxury mobility.

Equity Group H1 2026 Profit Jumps 32% to $351 Million as Regional and Digital Growth Accelerate

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Equity Group Holdings Plc has reported a 32% increase in its first-half profit after tax to KSh45.5 billion ($351 million) boosted by stronger lending, regional expansion and technology-driven financial services.

The Kenyan banking group’s profit after tax rose from KSh34.6 billion a year earlier. while its profit before tax increased 39% to KSh57.8 billion ($447 million) reinforcing Equity Group’s position as one of East Africa’s largest financial services groups

With a presence in the Democratic Republic of Congo, Tanzania, Uganda and Rwanda, the group’s balance sheet expanded 20% to KSh2.16 trillion ($16.7 billion), while customer deposits increased 21% to KSh1.59 trillion ($12.3 billion). Net loans rose 19% to KSh981 billion ($7.58 billion).

Equity Group Revenue Rises 25%

Equity Group’s total income increased 25% to KSh124.9 billion ($965 million) from KSh100.2 billion in the first half of 2025.

Net interest income rose 17% to KSh69.3 billion ($535 million), reflecting stronger lending and balance-sheet management.

Non-funded income provided a larger boost, climbing 36% to KSh55.6 billion ($429 million). It accounted for 44.5% of total group income, compared with 40.8% a year earlier.

The shift highlights Equity’s strategy of diversifying revenue through payments, foreign exchange, insurance and other financial services rather than relying primarily on interest income.

Equity Bank Kenya Profit Rises 32%

Equity Bank Kenya reported a 32% increase in profit after tax to KSh25.7 billion ($198 million). The Kenyan subsidiary’s balance sheet grew 13%, supported by a 24% increase in customer deposits and an 8% increase in loans.

Quarterly loan growth reached 11%, marking the first double-digit quarter-on-quarter increase since the third quarter of 2021 and signaling improving credit demand in Kenya.

The bank also maintained its position as a major MSME lender, disbursing 36% of the KSh101 billion in MSME loans issued in Kenya between January and March 2026.

Tanzania and DRC Drive Regional Growth

Equity Group’s regional operations continued to account for an increasing share of earnings.

Regional subsidiaries contributed 42% of group banking profitability and 47% of banking revenue. They also accounted for 51% of deposits, 54% of loans and 52% of banking assets.

Equity BCDC in the Democratic Republic of Congo increased profit after tax 30% to KSh11.8 billion ($91 million).

Equity Bank Tanzania delivered the fastest profit growth, with earnings jumping 82% to KSh2 billion ($15.4 million).

Equity Bank Rwanda increased profit after tax 12% to KSh2.9 billion ($22.4 million).

The performance strengthens Equity’s case for its pan-African expansion strategy as growth in several of its regional markets outpaces Kenya.

Equity Group NPL Ratio Falls to 9.5%

Asset quality improved significantly during the first half. Equity Group’s non-performing loan ratio fell to 9.5% from 13.7%, moving into single digits. NPL coverage increased to 70% from 68%.

Loan-loss provisions declined 6% year-on-year, while cost of risk improved to 1.4% from 1.7%. The improvement in asset quality helped support profitability while reducing pressure on the group’s credit costs. Operational efficiency also improved, with the cost-to-income ratio falling to 48.6% from 51.7%. Return on assets stood at 4.5%, while return on equity reached 26.5%.

Equity Accelerates Digital Banking

Technology remains at the center of Equity Group’s growth strategy.

The group said 98.3% of transactions now take place outside branches, while 89.7% are processed through digital platforms.

Equity serves 23.3 million customers through Equity Online, the Equity Mobile App, Eazzy FX, *247# and Equitel. Its physical and agent network includes 410 branches, 886 ATMs, 92,572 agency outlets and 1.4 million merchants.

The bank is also investing in artificial intelligence and employee training. About 82% of staff have completed a business-focused generative AI course, with employees completing 119,980 hours of guided AI instruction.

A total of 406 staff have been admitted to master’s programs in financial engineering and applied AI through WorldQuant University.

Equity Group Chief Executive Officer James Mwangi said the investments are part of a broader transformation from traditional banking toward an integrated, technology-enabled financial services company.

Equity Insurance Becomes Third Growth Engine

Equity Insurance Group continued to expand rapidly, with gross written premiums rising 24% to KSh6.4 billion ($49 million).

Profit before tax increased 34% to KSh1.25 billion ($9.6 million).

About 79% of insurance policies were distributed digitally, reinforcing the role of technology in Equity’s efforts to expand insurance penetration.

The group’s non-banking subsidiaries increased their contribution to group revenue to 4.8%, from 4% a year earlier.

Equity Targets 100 Million Customers by 2030

Equity Group is pursuing an ambitious expansion strategy under its Africa Recovery and Resilience Plan 2030.

The strategy targets operations in 15 countries and 100 million customers by 2030, alongside the deployment of next-generation digital and artificial intelligence systems to expand transformation finance across Africa.

Mwangi said Equity is building a “future-ready” institution that is scalable, secure and focused on impact.

The group also continues to expand the work of Equity Group Foundation in education, entrepreneurship, agriculture, healthcare and climate finance. The foundation has trained more than one million entrepreneurs and facilitated more than KSh436 billion ($3.37 billion) in credit access to MSMEs.

Equity Group has also received accreditation as a Direct Access Entity to the Green Climate Fund, positioning it to directly mobilize international climate finance for projects across Africa. With improving asset quality, stronger regional earnings and a growing contribution from non-funded income, Equity Group’s first-half results point to a business increasingly diversified beyond conventional banking.

The group said its H1 2026 performance exceeded management guidance in nearly all key parameters.

KCB Unveils $2.3 Billion Sustainability Bond Framework to Fund Green, Blue and Social Projects

KCB Bank, Kenya’s biggest bank by assets plans five-year programme to channel capital into renewable energy, climate resilience, affordable housing and businesses

KCB Group plans to establish a Medium-Term Note Programme of up to $2.3 billion over five years as the bank seeks to channel more capital toward environmental and social projects across East Africa.

The programme, equivalent to KSh300 billion, will be issued by KCB Bank Kenya under the group’s newly launched Sustainability Bond Framework, subject to regulatory approvals and market conditions.

Speaking at the launch of the framework at the KCB Leadership Centre in Karen on Wednesday, KCB Group Chief Executive Officer Paul Russo said the initiative is intended to move sustainability beyond corporate commitments and into the allocation of capital.

“Banking is ultimately about enabling progress,” Russo said, adding that KCB’s responsibility increasingly involves determining not only how much capital it mobilizes, but where that capital goes, what it enables and the lasting impact it creates.

The proceeds from the programme will be ring-fenced for eligible Green, Blue and Social projects, with KCB tracking allocations and reporting on the impact achieved.

Under the Green category, the bank will finance projects supporting a low-carbon and climate-resilient economy. These include renewable energy such as solar power, energy-efficient buildings, clean and low-emission transportation, sustainable agriculture, and water and wastewater management.

The Blue component will support projects focused on marine and coastal ecosystems, including initiatives designed to improve the resilience of coastal and freshwater communities.

Social financing will target underserved and vulnerable populations through areas including affordable housing, micro, small and medium-sized enterprises, women and youth-led businesses, employment and livelihood creation.

Russo cited KCB Foundation’s 2Jiajiri programme as an example of how access to capital can generate broader economic benefits, including job creation, enterprise growth and stronger household incomes.

The framework comes as East Africa faces significant financing requirements for infrastructure and economic development while contending with climate change, food insecurity, unemployment, inequality and gaps in access to affordable long-term capital.

Russo said the region has substantial opportunities in infrastructure, agriculture, manufacturing, energy, housing, healthcare, education, technology and trade, but that sustainability must increasingly be embedded in how capital is allocated.

KCB’s sustainability strategy has evolved over nearly two decades.

The bank formally anchored sustainability into its business in 2008 around financial, economic, social and environmental pillars. It published its first Sustainability Report in 2009 and expanded its alignment with the United Nations Sustainable Development Goals from nine goals in 2017 to 14 of the 17 SDGs today.

In 2019, KCB adopted the UNEP Finance Initiative’s Principles for Responsible Banking. In 2020, KCB Bank Kenya became the first bank in Kenya to receive accreditation from the Green Climate Fund, strengthening its ability to mobilize and deploy climate finance.

KCB subsequently committed to achieving net-zero emissions by 2050 through its membership of the Net-Zero Banking Alliance in 2021 and joined the Forward Faster Initiative in 2023.

The sustainability bond framework has also received external validation. Moody’s awarded it a Sustainability Quality Score of 2, rated “Very Good,” according to KCB.

Russo said the framework is built around three principles: capital, purpose and accountability.

The objective, he said, is to mobilize capital at scale, direct it toward projects East Africa needs and demonstrate transparently what that capital achieves.

“The true measure of sustainable finance is not the size of the bond, but the scale of the impact it creates,” Russo said.

For KCB, that impact will ultimately be measured through lives improved, businesses strengthened, ecosystems protected, jobs created and opportunities unlocked.

The launch marks KCB’s latest effort to connect the region’s capital markets with financing for projects aimed at making East Africa greener, more resilient and more inclusive.

Telegram Seeks .gram Domain in Push Beyond Messaging

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Instant messaging platform Telegram could give more than 1 billion users personalized web addresses and AI-generated interactive websites if its application clears ICANN’s approval process

Telegram, the instant messaging platform with more than 1 billion monthly active users, has applied for the .gram top-level domain, potentially giving users a new way to establish their identities on the web.

If the application is approved by the Internet Corporation for Assigned Names and Numbers, or ICANN, Telegram users could eventually obtain second-level domains such as yourname.gram.

The proposal goes beyond domain names. Users would be able to create interactive websites hosted by Telegram with a single prompt, potentially allowing people without technical or web-development skills to launch their own sites by describing what they want.

The move could turn a Telegram username into a broader digital identity, combining messaging, publishing and web presence under one ecosystem.

A creator could use a personalized .gram address for a profile or portfolio, while a business could build a site for its products and services. Telegram would provide the underlying hosting, removing the need for users to separately arrange web hosting.

The plan would extend Telegram’s push beyond messaging. The platform already supports channels, bots, Mini Apps and other tools that allow developers, creators and businesses to build services for its large user base.

A .gram domain would give those users a dedicated web address that could sit outside the Telegram application while remaining connected to its ecosystem.

The timing also coincides with ICANN’s latest expansion of the domain-name system. The organization opened its latest application round for new generic top-level domains in 2026, allowing companies, organizations and other applicants to seek new domain extensions.

An application does not guarantee that .gram will become operational. Telegram would need to clear ICANN’s evaluation and approval process before the domain could be delegated and made available for registrations.

If successful, however, the initiative could give Telegram a new position in the internet infrastructure stack.

Rather than simply helping users communicate, Telegram could give them a domain, host their websites and use AI to build those sites — all from the same platform.

For a company with more than a billion users, turning usernames into web addresses could create a sizeable new layer of the Telegram ecosystem.

Telegram’s next expansion may not be another messaging feature. It could be the web address itself.

NCBA Offers Free PesaLink Transfers Up to KES 1,000

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NCBA Bank has introduced free PesaLink transfers of up to KES 1,000 through its NCBA NOW App, while transactions above that amount will attract a flat KES 20 fee.

The revised pricing replaces multiple transaction bands with a simpler structure designed to make interbank transfers more predictable for customers.

Under the new model, a customer sending KES 1,000 or less pays nothing, while any transfer above KES 1,000 costs KES 20. Transfers between NCBA accounts remain free.

PesaLink enables customers to move money instantly between accounts held at participating banks in Kenya. Through the NCBA NOW App, customers can transfer as much as KES 999,999 in real time.

The pricing change comes as Kenyan banks seek to make digital account-to-account payments more competitive and affordable. Lower charges on small-value transfers could also encourage customers to use bank accounts more frequently for everyday payments, including sending money to family, paying suppliers and settling bills.

“Customers can now transact with greater confidence, knowing exactly what the transfer will cost,” Dennis Njau, Group Director, Retail Banking at NCBA, said.

The new structure gives customers a clear cost advantage on smaller transfers. A KES 500 PesaLink transaction is now free, while a KES 10,000 transfer costs KES 20.

NCBA said the move is part of its broader strategy to improve the affordability, convenience and security of digital banking as more customers shift routine transactions away from traditional banking channels.

The bank expects the simplified pricing to drive greater adoption of PesaLink and digital payments, particularly among customers making frequent low-value interbank transfers.

7 Reasons Interactive Entertainment Feels More Personal Than Ever

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Entertainment has always been a way for people to escape, connect, and experience new stories. However, the way audiences engage with entertainment has changed significantly over the years. Instead of simply watching, listening, or reading, people can now actively participate in experiences that respond to their choices and actions.

Interactive entertainment, including video games, virtual reality, and digital gaming platforms, has thus become increasingly popular because it gives users a stronger sense of involvement. These experiences also allow players to shape their journeys and interactions. As technology continues to evolve, interactive entertainment is becoming more immersive and personalized, making audiences feel more connected to the experiences they enjoy. 

Here are the key factors that make interactive entertainment feel more personal than ever:

1. Players Have More Control Over Their Experiences

One of the biggest reasons interactive entertainment feels more personal is the level of control it gives players. Traditional forms of entertainment usually follow a fixed storyline or structure, where audiences can observe events but cannot influence what happens next. Interactive experiences change this dynamic by allowing users to take an active role.

In many games, players can make decisions that affect the direction of the experience. For instance, role-playing games allow users to choose their characters, develop skills, and influence story outcomes. Interactive storytelling experiences can also offer multiple paths, giving players the freedom to explore different possibilities based on their choices.

Even in digital games like Pinoy slot games and various online casino platforms, interactive features can create a stronger sense of participation. Bonus rounds, special features, and different gameplay mechanics encourage players to engage directly with the experience rather than simply waiting for an outcome.

This sense of control helps create a stronger connection because players feel that their actions contribute to the experience.

2. Experiences Are Tailored to Individual Preferences

Modern interactive entertainment is designed to adapt to different types of players. Instead of offering the same experience to everyone, many platforms now include features that allow users to personalize how they engage with content.

Customization options are a common example. Players can create unique characters with different features or outfits and develop strategies that suit their preferences. Progression systems and reward structures can also encourage users to follow their own paths and set personal goals.

Technology has also improved how platforms understand user behavior. Many entertainment services use data and recommendations to suggest content based on individual interests, helping users discover experiences that better match their preferences.

3. Players Build a Stronger Sense of Achievement

Interactive entertainment creates a deeper feeling of accomplishment because players actively contribute to their progress. Completing a challenge or reaching a new in-game milestone feels more rewarding when it comes from personal effort and decision-making.

Games often use progression systems to encourage continued engagement. Players may improve their skills, unlock new abilities, collect items, or complete objectives over time. These achievements become part of their personal journey within the game.

This sense of progress is different from simply watching a character succeed in a movie or show. In interactive entertainment, players experience the challenges themselves, making their achievements feel more personal and memorable.

4. Real-Time Interaction Creates Stronger Engagement

Another factor that makes interactive entertainment feel more personal is immediate feedback. Games and other interactive experiences respond to player actions in real time, creating a sense of connection between the user and the digital environment.

Visual effects, sound cues, animations, rewards, and changing environments all help reinforce the feeling that the experience is reacting to the player. Each action produces a response, making users feel involved in what is happening.

For example, a player who triggers a special feature in a slot game receives immediate feedback through visuals, sounds, and rewards. This interaction creates a more engaging experience because players feel that their decisions and actions matter.

5. Social Features Make Entertainment More Meaningful

Interactive entertainment is also becoming more personal because it allows people to connect with others. Multiplayer games and online communities transform passive or solo entertainment into shared experiences.

Players can work together toward common goals or compete against one another. These interactions can create friendships and build communities around shared interests. Even when players are engaging from different locations, online connectivity allows them to experience entertainment together. The social aspect adds another layer of meaning, making the experience feel less like an individual activity and more like a shared journey.

6. Technology Creates More Immersive Experiences

Advancements in technology have made interactive entertainment more immersive than ever. Improved graphics and realistic sound design help create experiences that feel more engaging and lifelike.

Virtual reality games, for example, allow players to physically interact with digital environments, making them feel more present within the experience. On the other hand, augmented reality games blend digital elements with the real world, creating new ways for users to interact with entertainment.

7. Players Gain a Sense of Ownership

Personalization and progress give players a stronger sense of ownership because they can shape parts of the experience according to their preferences. Whether they are building a virtual world or developing their own strategies, players create something that reflects their choices and effort.

This personal investment makes the experience feel more meaningful. Two players can enjoy the same game but have different journeys because their achievements and play styles influence how they experience it. Instead of simply consuming content, players feel that they are contributing to the gameplay and making it their own.

Interactive Entertainment Is Becoming More Personal

Interactive entertainment continues to evolve by giving audiences more ways to participate and connect. Through greater control and immersive technology, entertainment is becoming something people actively shape rather than simply consume.

As digital experiences become more advanced, the future of entertainment will likely focus on creating deeper connections between users and the worlds they explore. The most memorable experiences are those that allow people to create their own stories and feel truly involved in the journey.

Absa Bank Kenya PLC Records Kshs. 10.5 Billion Profits After Tax

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Absa Bank Kenya PLC has reported a profit after tax of Kshs. 10.5 billion for the period ended June 30, 2026, achieving a market-leading return on equity of 21.7%.

During the period, customer assets increased by 8% to Kshs. 329.9 billion and customer deposits rose to Kshs. 380.7 billion, reflecting growing customer confidence, expanded financial access, and the provision of tailored banking solutions. Total assets grew to Kshs. 558.1 billion, highlighting the Bank’s robust balance sheet and sustained financial strength.

“While the dynamic operating environment exerted pressure on performance, the Bank recorded strong momentum in the second quarter. This reflects our disciplined execution, continued support for customers through relevant financial and non-financial solutions, and ongoing investment in the long-term resilience and sustainability of the business,” said Absa Bank Kenya PLC Interim Managing Director and CEO, Yusuf Omari.

During the period under review, the Bank recorded total revenue of Kshs. 29.3 billion, supported by a growing balance sheet and disciplined management of cost of funds amid a lower interest rate environment. The bank’s net interest income stood at Kshs. 21.1 billion, while non-interest income totalled Kshs. 8.2 billion for the period. The Bank’s income from subsidiaries increasing by 20% year-on-year.

“Our strategy remains anchored on delivering sustainable, long-term growth while enhancing customer experience across all touchpoints. In line with our purpose of Empowering Africa’s tomorrow, together… one story at a time, we have strengthened our commitment to financial inclusion in the period, providing tailored solutions that support Kenyans in realising their homeownership, vehicle and business asset financing needs, and entrepreneurial aspirations,” said Mr. Omari.

Notably, the Bank launched a developer-led home financing solution featuring a market-leading interest rate of 8.9% per annum and financing of up to 105% for qualifying homebuyers. The Bank also introduced the KES 1 billion Zinduka Graduate Enterprise Programme to support youth entrepreneurship and expand access to affordable, sustainable finance for this important client segment.

In addition, the Bank enhanced its asset financing proposition, committing Kshs. 100 billion over the next three years to support businesses and individuals across key sectors of the economy, including manufacturing, healthcare, education, infrastructure, trade, and logistics. The proposition provides up to 100% financing for targeted assets, enabling customers to accelerate investment, growth, and productivity.

The Board of Directors has approved an interim dividend of Kshs 0.5 per ordinary share.

Stripe Buys OpenRouter for More Than $7 Billion, Betting AI Routing Will Become Critical Infrastructure

Stripe Inc. has agreed to acquire artificial-intelligence startup OpenRouter for more than $7 billion, according to people familiar with the matter, in a deal that would push the payments company deeper into the infrastructure powering the rapidly expanding AI economy.

The transaction, reported by Bloomberg, comes only months after OpenRouter raised $113 million in a funding round that valued the company at about $1.3 billion. A deal above $7 billion would therefore represent more than a fivefold increase in valuation in less than three months. The final purchase price could still change, according to people familiar with the discussions.

OpenRouter, founded in 2023, operates a routing layer that gives developers a single interface through which they can access hundreds of AI models. Instead of building separate integrations with individual model providers, customers can use OpenRouter to select models according to factors including cost, performance and availability. The company says it has about 8 million users and access to more than 400 models.

The acquisition highlights a shift in the AI industry away from simply building increasingly powerful models toward controlling the infrastructure through which those models are consumed.

For Stripe, that distinction is important.

The company built its business by sitting between merchants and financial institutions, simplifying the complexity of payments, billing and financial transactions. OpenRouter occupies a potentially similar position in AI: it sits between developers and model providers, abstracting away the complexity of choosing, accessing and switching between competing systems.

That could give Stripe a new role in an AI economy where software increasingly makes decisions about which models to use and how much to spend.

OpenRouter’s infrastructure can route workloads between models rather than locking customers into a single provider. That becomes increasingly valuable as companies use multiple models for different tasks and seek to control inference costs, latency and reliability.

The economics are becoming significant. AI applications pay for model usage based largely on tokens and other consumption metrics, making the cost of inference a variable operating expense. As companies deploy AI agents and integrate models into production software, managing those costs becomes closer to managing cloud infrastructure than buying conventional software.

Stripe already operates across payments, billing and financial infrastructure for software companies. Adding an AI routing layer could allow the company to connect technical decisions about model consumption with the commercial systems used to measure and bill for that consumption.

OpenRouter’s latest funding round was announced in May, when investors including Sequoia Capital, Andreessen Horowitz, Menlo Ventures and CapitalG backed the company at a reported $1.3 billion valuation. (Dataconomy)

The startup’s chief executive, Alex Atallah, had previously described OpenRouter as a kind of Stripe for AI, reflecting its ambition to become a neutral access layer across competing model providers. Now the original Stripe is poised to own that infrastructure itself. (Dataconomy)

The deal also reflects Stripe’s broader expansion beyond its traditional image as a payments processor. The company has increasingly built tools around billing, financial services and software infrastructure, putting it in competition for parts of the technology stack that sit between businesses and their customers.

For OpenRouter, the acquisition offers an exit at a valuation that would have appeared difficult to justify only months ago. Its rapid repricing illustrates how quickly investors are assigning value to infrastructure companies that can capture spending across the AI ecosystem rather than betting on a single model provider.

The strategic question for Stripe is whether model routing can become as important to AI as payment processing became to internet commerce.

If AI applications increasingly operate across multiple models, route workloads dynamically and make decisions based on price and performance, the company controlling that routing layer could gain visibility into a growing stream of AI consumption.

That would turn OpenRouter from an AI developer tool into something potentially more consequential: infrastructure sitting at the intersection of models, usage, billing and money.

And for Stripe, that may be the real value of a deal costing more than $7 billion.

Terra Industries Raises $18 Million to Close $52 Million Seed Round, to Open London Office

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Terra Industries, a Nigerian defense-tech startup has raised an additional $18 million, bringing its seed financing to $52 million, in a move that will see it open a London office and scale Ghana factory toward 50,000 systems a year.

The latest funding includes existing investors 8VC, Silent Ventures, Nova Global, Belief Capital and SV Angel, alongside new investor Norleo Space Investments and angel investor Grant Gordon.

Founded in 2024 by Nathan Nwachuku and Maxwell Maduka, Terra develops autonomous security systems for governments and operators of critical infrastructure, spanning aerial, ground and maritime environments.

The company plans to use the new capital to open its first international office in London, increase manufacturing capacity, accelerate deployments across the Global South and expand its engineering, operations and business-development teams.

Terra has not disclosed a valuation for the latest financing. Earlier this year, the company said its valuation had reached the nine-figure range following a $22 million extension led by Lux Capital.

Ghana Factory Targets 50,000 Systems

A major part of Terra’s expansion is its manufacturing operation in Ghana.

The company’s Pax-2 facility, a 34,000-square-foot factory, is expected to open in the fourth quarter of 2026. Terra says the facility will eventually produce up to 50,000 aerial systems annually by 2028, making it the largest drone manufacturing facility on the continent by planned capacity.

Pax-2 will complement Terra’s 15,000-square-foot Pax-1 facility in Abuja, Nigeria, giving the company a manufacturing footprint spanning two African markets.

The strategy is unusual for a young African technology company: Terra intends to keep its manufacturing base in Africa while establishing commercial and strategic operations in major international defense and technology centers.

The London office is intended to give Terra access to global defense and infrastructure institutions, as well as AI and operations talent. The company is also targeting expansion into the Gulf, South America and South Asia.

Building an African Defense Prime

Terra is positioning itself as more than a drone manufacturer. Its portfolio includes long- and mid-range autonomous drones, interceptor drones, AI-enabled sentry towers and unmanned ground vehicles, connected through ArtemisOS, its proprietary software platform.

The system is designed to combine real-time threat detection, autonomous mission planning and coordinated responses across large and difficult environments.

Terra says its technology is already being used to protect power plants, mines and other critical infrastructure assets valued at about $11 billion across several African countries.

The company is targeting sectors including energy, mining, urban infrastructure, maritime assets, border security and counterterrorism.

From Imported Systems to Local Manufacturing

Terra’s expansion comes as African governments and infrastructure operators confront growing threats from terrorism, organized crime, illegal mining and attacks on critical infrastructure.

The company argues that many existing security systems are imported and were designed for operating environments different from those found across Africa and other emerging markets. The resulting dependence can create higher maintenance costs, supply-chain vulnerabilities and concerns over control of software and data.

“Critical infrastructure across the Global South is best protected by systems designed for these environments and built in the regions they protect,” Nwachuku said. “This funding lets us scale that work and deepen our manufacturing base.”

The company’s approach is therefore built around autonomy, local manufacturing and data sovereignty, with the aim of giving governments and infrastructure operators greater control over how critical assets are monitored and protected.

Terra’s rapid fundraising also reflects the growing investor appetite for defense technology beyond the traditional US and European markets. The company raised $11.8 million in its initial seed round before adding $22 million in February, taking the round to $34 million. The latest $18 million brings the total to $52 million.

With the Ghana factory, London expansion and plans for additional markets, Terra is now moving from an African defense startup toward a broader ambition: building a vertically integrated defense technology company serving the Global South.

Airtel Africa Launches Starlink Mobile in DRC in First Commercial Deployment

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Airtel Africa Plc has commercially launched Starlink’s satellite-to-mobile service in the Democratic Republic of Congo, becoming the first telecommunications operator in Africa to deploy the technology commercially as the continent’s carriers look to extend coverage beyond conventional mobile networks.

The service, launched Friday in Kinshasa, allows Airtel customers with compatible smartphones to connect to Starlink satellites in areas without terrestrial mobile coverage, provided they have a clear view of the sky.

Starlink, operated by Elon Musk’s SpaceX, has about 650 satellites launched for its direct-to-device constellation, according to Airtel. The service initially supports light-data applications, including WhatsApp messaging and SMS, without requiring customers to purchase a satellite terminal or other specialized equipment.

The DRC is the first of Airtel Africa’s markets to move the service from testing into commercial deployment. Airtel and Starlink announced their partnership in December 2025, while data and messaging services were tested in Kenya in March.

The launch gives Airtel another tool to address connectivity challenges in the DRC, one of Africa’s largest countries by land area, where vast distances and difficult terrain make traditional network expansion costly.

“Airtel’s terrestrial network with Starlink’s satellite technology” will extend connectivity beyond conventional infrastructure, Airtel Africa Chief Executive Officer Sunil Taldar said in a statement.

Customers using the service currently need a compatible LTE Android smartphone and an active Airtel DRC data bundle, or data roaming enabled. Apple devices are expected to be supported in the future.

Airtel is offering eligible customers a 30-day free trial through its MyAirtel application. After the introductory period, access will be provided through eligible Airtel data bundles.

The service could be particularly relevant to mining companies, transport operators, humanitarian organizations, health workers and agricultural communities operating in remote areas. It may also provide an alternative communications channel during natural disasters or temporary outages of terrestrial networks.

The commercial rollout in the DRC marks an early test of whether satellite-to-mobile technology can complement Africa’s existing mobile infrastructure at scale. Airtel said expansion into additional markets will depend on country-specific regulatory approvals.

Starlink’s direct-to-device strategy represents a shift from satellite internet services that traditionally required dedicated dishes or terminals. By connecting satellites directly with ordinary mobile phones, operators can potentially reach customers in areas where building conventional cell towers is uneconomical.

Airtel Africa said the companies are continuing to develop the service, with additional capabilities expected as the technology matures and regulatory approvals are secured.

For Airtel, the DRC launch also provides an early commercial foothold in a technology that could reshape how mobile operators approach Africa’s remaining connectivity gaps.

How to Make Smarter Business Decisions in Your First Year As a Founder

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Your first year as a founder will test every assumption you had about running a business. You’ll make dozens of decisions a week, some small, some that could sink the company if you get them wrong. The good news is that smart decision-making isn’t some innate talent reserved for a lucky few. It’s a skill you build, usually through trial and error, and often the hard way.

Here’s how to get better at it, faster, without burning yourself out in the process.

Slow Down Before You Speed Up

It sounds counterintuitive when everyone’s telling you to move fast, but the founders who make the worst calls are often the ones who never paused to ask a basic question: what problem am I actually solving here? Before jumping to a solution, spend a few extra minutes defining what success looks like. It doesn’t need to be a formal process. Even scribbling three bullet points on a notepad can stop you from chasing the wrong fix.

Talk to People Who’ve Actually Done It

Books and podcasts are fine, but nothing replaces sitting down with someone who has lived through the exact situation you’re facing. This is where real world experience becomes invaluable, and it’s a theme that keeps coming up when successful founders talk about what actually shaped their judgment. One piece worth reading is the above link on why time spent in government can teach tech founders lessons an MBA never will, because it shows how unrelated backgrounds often produce the sharpest instincts for navigating uncertainty and bureaucracy. Seek out mentors, advisors, or even former competitors who’ll give you an honest take rather than just cheering you on.

Get Comfortable with Incomplete Information

You will rarely have all the data you want when a decision needs to be made. Waiting for certainty is often just procrastination wearing a business suit. Instead, set yourself a rule: gather the most important 70 percent of the information, then decide. You can always adjust course later, and in most cases, adjusting is cheaper than the time you’d lose waiting around.

Separate the Reversible from the Irreversible

Not every decision carries the same weight, so stop treating them like they do. Hiring your first employee, signing a long lease, or taking on investors are the kind of choices that are hard to undo, so they deserve careful thought. Choosing a project management tool or a font for your website? Just pick one and move on. Founders who waste energy agonizing over low-stakes choices often have nothing left for the ones that matter.

Build a Small Circle of Honest Feedback

It’s easy to surround yourself with people who tell you what you want to hear, especially when you’re desperate for validation in those early months. Resist that pull. Find two or three people, whether that’s a co-founder, a friend in the industry, or a mentor, who will tell you when your idea has a hole in it. This kind of feedback loop will save you from expensive mistakes far more often than any spreadsheet will.

Review Your Decisions, Not Just Your Results

At the end of each month, look back at the calls you made. Which ones worked out, and why? Which ones didn’t, and was that down to bad luck or bad judgment? This habit trains your instincts over time so that decision-making stops feeling like guesswork and starts feeling like pattern recognition.

Your first year won’t be about getting everything right. It’ll be about learning to make decisions quickly enough to keep moving, while staying honest enough with yourself to correct course when needed.  

HONOR Launches its Gimbal AI Robot Phone

HONOR has launched its HONOR Robot Phone with a fully motorized 3-axis mechanical gimbal with professional cinema workflows.

The HONOR Robot Phone integrates an ultra-compact 4-DoF mechanical system featuring the HONOR Titanium Agile Gimbal.

HONOR Launches Revolutionary Robot Phone, Ushering a New Era of Cinematic Mobile Filmmaking and Embodied AI

Compared with mainstream gimbals, HONOR has reduced the overall system size by 65% while increasing structural strength by 200% to enable fast, precise movement and stable positioning within a pocketable flagship design.

The rear camera setup has a Dual 200MP Camera system, featuring a 200MP Agile Gimbal Main Camera with a 1/1.28-inch sensor and f/1.6 aperture, paired with a 200MP Periscope Telephoto Camera with a 1/1.4-inch sensor and 2.7x optical zoom. The 200MP Agile Gimbal Main Camera supports 10-bit ARRI LogC3 recording in ARRI CINEMA mode, while a 50MP Ultra-Wide Camera with a 122° field of view completes the versatile imaging system.

The video pipeline performs noise reduction earlier in the RAW domain, processes data in 14-bit 4:4:4, and outputs 10-bit LogC3 and 4:2:2 video, preserving more usable image information for post-production. ARRI Looks can also be previewed in real time, helping creators achieve a controlled cinematic look more easily.

For creators, ARRI LogC3 preserves more highlight and shadow information for post-production, while ARRI Wide Gamut 3 provides a broader color space and ARRI Looks offer controlled cinematic color styles. Footage can also be taken into professional editing tools such as DaVinci Resolve, where creators can directly apply ARRI LUTs as part of a complete mobile capture-to-post-production workflow.

Looking ahead, technologies developed through HONOR’s Cinematic Imaging Partnership with ARRI will continue to evolve and will be further showcased in the upcoming HONOR Magic9 Series.

The Robot Phone introduces AI-powered, robot-grade motion control that transforms the device into an autonomous personal camera crew. The camera arm supports a range of cinematic movement modes, including Tilt Lock, First Person View (FPV), FPV Vertical and AI SpinShot, helping creators capture smoother and more dynamic footage with greater ease.

Running on MagicOS, the HONOR Robot Phone introduces YOYO Robot Mode, combining multimodal perception, contextual understanding, gesture recognition and physical movement. AI Subject Tracking and voice source localization allow the camera to automatically pan and tilt, keeping users in frame while recording a vlog, live-streaming or moving during a video call. Hands-free gesture controls also allow users to deploy the camera arm and capture shots without touching the device.

Powered by the Snapdragon® 8 Elite Gen 5 Mobile Platform, the Robot Phone delivers flagship performance for AI processing, imaging and multitasking. Meanwhile, the 7,060mAh Next Gen HONOR Silicon-carbon Battery supports all-day endurance, together with 120W Wired and 50W Wireless HONOR SuperCharge.

The HONOR Robot Phone features an Android-first integrated metal unibody with a smooth R3 curved-edge transition. It features a stunning 6.31-inch LTPO OLED HONOR AI Eye Comfort Display protected by the HONOR NanoCrystal Shield. The screen supports adaptive 1–120Hz refresh rates.

First showcased at Mobile World Congress (MWC) 2026 in March to critical acclaim, the device is now beginning its commercial rollout and will be available in in two configurations: 12GB+512GB and 16GB+1TB, priced at RMB 9,999 and RMB 12,999 respectively. Pre-orders will begin in China at 8:30 PM on August 12, with official sales starting at 10:08 AM on August 18.

GSMA Launches Recycling Services to Help Reduce E-Waste

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GSMA Industry Services GSMA’s business arm, has launched its new Circularity Services offering, designed to help mobile operators and ecosystem partners extend the life of devices, reduce e-waste, and unlock greater value from existing assets. 

The services have been launched in partnership with two commercial partners: Closing the Loop,  a recycling firm and and RGX, an online marketplace for enterprise asset disposition. 

According to Sianne Ryder, Chief Executive Officer, Events and Industry Services, GSMA, “The launch of Circularity Services, together with partners Closing the Loop and RGX, marks an important step in helping operators take practical action on circularity. By bringing together solutions that support both responsible recycling and asset recovery, we are making it easier for organisations to reduce waste while unlocking greater value from existing assets. 

GSMA adds that through these partnerships, operators can access proven services that help accelerate their circularity ambitions and respond to growing demand for more sustainable approaches to device lifecycle management. The opportunity is a win-win: circular approaches are both more sustainable and deliver meaningful operational and commercial benefits for the industry.” 

As the mobile industry continues to grow, operators are increasingly looking for practical ways to both meet sustainability commitments and enhance commercial performance. GSMA Circularity Services has been developed to address these challenges by providing access to trusted partners and proven solutions that support the recovery, reuse, refurbishment and responsible recycling of ICT assets – helping organisations deliver on customer needs, reduce costs and generate value from equipment that might otherwise sit idle. 

The ‘One for One’ service provides a practical and measurable way for organisations to incorporate circularity into their device propositions. Vodafone, Samsung and T-Mobile have successfully used the customer-centric program for devices sold in Europe, while Google is a global user. 

One for One leads to electronic waste reduction around the world and has created positive impact in countries where formal waste collection and recycling infrastructure is often limited. Closing the Loop is an award-winning social enterprise, supported by UNIDO, UNEP and GIZ.   

RGX on the other hand helps organisations manage enterprise asset disposition and e-waste more efficiently through a trusted, transparent marketplace. By working together, we can help operators recover value from redundant equipment, support responsible recycling practices and help operators turn circularity ambitions into action.

Addressing another aspect of the circularity challenge, RGX provides a neutral, online marketplace for e-waste management and enterprise asset disposition that connects organisations with service providers through a single automated platform. The service is designed to help businesses optimize returns from redundant devices and equipment through competitive bidding and effective resource management, while ensuring responsible disposal practices. Initially available in the United States, the offering is expected to expand internationally over time. 

Konza, AWS Explore Local Cloud Outpost and Startup Center in Kenya

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Konza Technopolis is exploring a partnership with Amazon Web Services to establish cloud infrastructure and a Startup and Technical Centre of Excellence in Kenya, as the government-backed technology hub seeks to deepen the country’s cloud and artificial intelligence capabilities.

Konza Technopolis Development Authority Chief Executive Officer John Paul Okwiri recently hosted an AWS delegation led by Robin Njiru, the company’s Regional Lead for Public Sector, for talks on the proposed collaboration.

The partnership could include the establishment of an AWS Outpost at Konza, allowing organizations to run AWS services closer to where their data and applications are hosted while maintaining connectivity to the wider AWS cloud.

“The proposed partnership will focus on strengthening Kenya’s cloud, innovation and technology ecosystem,” Konza said in a statement.

The AWS Outpost could help public-sector institutions and businesses address data-residency and low-latency requirements while adopting hybrid-cloud infrastructure.

The collaboration also proposes a Startup and Technical Centre of Excellence at Konza, which would provide training and technical support in cloud computing, data management, machine learning and artificial intelligence.

“Through training and certification programmes, the partnership will build technical capacity in cloud technologies, data management, machine learning and artificial intelligence,” Konza said.

For Kenya’s startup ecosystem, the proposed center could provide access to AWS credits, technical mentorship and opportunities through the AWS Partner Network. The programs would be aimed at helping startups and scale-ups develop and expand technology-based businesses.

The discussions come as Konza seeks to position the technopolis as a hub for emerging technologies and digital innovation in Africa. AWS infrastructure at the site would also strengthen the ecosystem around companies and institutions building cloud-based applications and AI services.

The proposed initiatives have not yet been announced as operational. Konza said the two organizations are beginning a new chapter of strategic collaboration, with the AWS Outpost and Centre of Excellence among the areas being explored.

Kenya’s CA Says Cyber Cafes Won’t Be Required to Keep Browsing History

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Kenya’s communications regulator has clarified that new licensing rules for cyber cafes will not require operators to retain customers’ browsing histories, seeking to ease concerns over privacy and surveillance under the updated regulations.

The Communications Authority of Kenya said public communications access centres, commonly known as cyber cafes, will instead be required to maintain basic session information, including the identification of the terminal used and the start and end times of a customer’s session. This was announced earlier this week and has already been happening in other places like Nigeria.

The new licence conditions were published in the Kenya Gazette on Aug. 7 and will take effect Sept. 7 after the statutory 30-day period.

The rules require operators to verify customers, display applicable charges, issue receipts for paid services and maintain basic records demonstrating compliance with their licences. The records are intended to provide an audit trail where a public internet facility is linked to unlawful activity, including cyber-enabled fraud, scams and identity-related offences.

“The requirement for PCACs to maintain basic user logs does not extend to a customer’s browsing history,” the authority said in a statement Thursday.

The clarification follows public debate over the scope of the new requirements, with concerns that cyber cafes could be compelled to monitor or retain detailed records of users’ online activities.

The CA said the licence conditions also do not prescribe a specific customer identification system or closed-circuit television solution. Operators may introduce additional know-your-customer measures as part of their security controls, provided they comply with applicable laws.

Public internet centres remain an important access point for Kenyans without personal computers, reliable internet connections or other digital resources, the regulator said. They are widely used for online government services, applications, transactions and other activities tied to the digital economy.

The authority said the regulatory framework is intended to balance access to digital services with consumer protection, privacy and security as cybercrime and online fraud increase.

The CA said it will continue engaging cyber cafe operators and other stakeholders ahead of the Sept. 7 implementation date.

Operators and members of the public can consult Kenya Gazette Notice Vol. CXXVIII No. 135, published Aug. 7, for the full licensing conditions.

How the Mid-Range Smartphone Is Becoming the Smartest Choice for Consumers

Not too long ago, buying a mid-range smartphone meant accepting compromises. You settled for a decent camera instead of a great one, a slower processor, fewer software updates or a display that wasn’t quite as immersive. Premium features belonged to flagship devices, while affordability often came at the expense of the overall experience. That gap is closing.

As consumers increasingly become agile, and more deliberate about what they expect from devices, price still matters, but so does long term value. People want devices that can keep up with work, entertainment, content creation and everyday communication without feeling outdated after a year or two of use.

Artificial intelligence is one of the biggest examples of this change. Once seen as an exclusive feature in flagship phones, AI is becoming part of everyday consumer lives and trickles down to their mobile use experience. Whether it’s searching for information more intelligently, editing photos in seconds or organizing daily tasks, consumers now expect these experiences to be available across more devices.

The new Samsung Galaxy A27 reflects this shift. Rather than treating AI as a premium add-on, the device brings practical intelligence into everyday tasks. Features such as Circle to Search with Google allow users to search multiple objects within an image simultaneously, while Object Eraser removes unwanted distractions from photos without requiring third-party editing apps. Voice Transcription can also translate conversations as it creates transcripts, making meetings, lectures and interviews easier to capture and revisit.

Performance has equally become important. Smartphones are expected to handle video calls, social media navigation, mobile banking, entertainment etc. often all within the same hour. Consumers want a device that responds quickly without slowing down as demands use increases throughout the day.

Powered by the Snapdragon 6 Gen 3 Mobile Platform, the Galaxy A27  is designed to deliver smoother multitasking, faster app switching and improved graphics performance.[3] Whether streaming content, managing work on the move or enjoying mobile gaming, users benefit from a more responsive experience that fits naturally into their daily routines.

The display is another area where expectations have evolved. Smartphones have become the primary screen for watching videos, gaming , following live sports, attending online classes or simply just consuming social media.

Recognizing this shift, Samsung equipped the Galaxy A27  with a 6.7-inch Super AMOLED display featuring a 120Hz refresh rate and an upgraded Infinity-O design that maximizes screen space while reducing visual distractions. The result is a viewing experience that feels smoother, more immersive and more comfortable, whether users are watching a film or simply scrolling through their favourite apps.

Consumers are also thinking beyond the day they purchase a phone. They want confidence that their device will continue to perform well years down the line. Software support has therefore become one of the most important considerations when choosing a smartphone. Regular operating system upgrades introduce new capabilities, while security updates help protect personal information as digital services become increasingly central to everyday life.

Samsung has strengthened this long-term approach by providing the Galaxy A27 5G with up to six generations of Android OS and One UI upgrades, alongside up to six years of security updates. Combined with Samsung Knox Vault, which provides hardware-backed protection for sensitive information, the device is designed to remain secure and relevant long after it leaves the box.

Photography has also evolved beyond capturing memories. For many people, a smartphone camera has become a work tool, supporting online businesses, social media, remote collaboration and digital storytelling.

The Galaxy A27 5G builds on this everyday need with an upgraded 12MP front camera that captures more natural-looking selfies across different lighting conditions, while AI-powered editing tools simplify post-production, allowing users to refine their images quickly without specialized editing skills.

Ultimately, the conversation around smartphones is changing. Consumers are no longer looking solely at technical specifications or comparing megapixels. They are evaluating how well a device fits into their lifestyle, how long it will remain useful and whether it can keep pace with the demands of work, entertainment and creativity.

That is why the mid-range smartphone category has become more competitive than ever before. It is no longer defined by compromise but by accessibility—bringing together intelligent features, reliable performance, immersive displays and long-term software support at a price point that makes innovation available to more people.

For many consumers, that may prove to be the smartest investment of all.

KCB Group Expands Digital Banking Push With Cheaper PesaLink, Online Bid Bonds

KCB Group Plc is expanding its digital banking offering with cheaper PesaLink transfers and online bid bonds as the East African lender accelerates its push to move more financial services onto digital channels.

The bank introduced a flat KSh20 fee for PesaLink transfers in May, while making transactions of up to KSh1,000 free. KCB said the move is part of its broader strategy to promote financial inclusion and encourage customers to adopt low-cost digital payment channels.

KCB also rolled out Bid Express, a digital platform that allows customers to request and generate unsecured bid bonds from anywhere in the world without visiting a branch. The service extends the bank’s digital strategy into business banking, allowing customers to complete a previously branch-based process online.

The digital push comes as KCB Group reports strong growth across its core banking business. Profit before tax increased 20.8% to KSh49.3 billion, or about $382 million, in the first half of 2026, while total assets expanded 16.8% to KSh2.3 trillion, equivalent to about $17.8 billion.

Customer deposits rose 15.1% to KSh1.7 trillion, or about $13.2 billion, while gross loans increased 14.2% to KSh1.3 trillion, equivalent to roughly $10.1 billion. KCB said the increase in lending was driven by strong new-to-bank customer acquisition and increased lending across retail, SME and corporate segments.

The bank’s digital strategy is also extending into lending and savings outside Kenya.

In Rwanda, BPR Bank and MTN MoMo launched MoFaya, a digital loan and savings solution that allows eligible customers to access instant loans of up to Rwf2 million and save directly through their mobile-money wallets.

KCB’s broader digital transformation is taking place alongside growing income from non-funded activities. Total income increased 9.5% to KSh108.1 billion, or about $838 million, during the first half. Non-funded income rose 15.4% to KSh34.1 billion, reaching KSh34.1 billion, while funded income increased 7% to KSh74 billion.

The growth in non-funded income is particularly relevant to KCB’s digital expansion as payment and transaction services provide banks with revenue streams beyond traditional interest income.

KCB Group Chief Executive Officer Paul Russo said the bank’s performance reflects the resilience of its diversified business model and regional footprint, while emphasizing its commitment to digital transformation.

“Our strong half-year performance reflects the resilience of KCB Group’s diversified business model, the strength of our regional footprint, and the confidence our customers continue to place in us,” Russo said.

KCB’s regional banking subsidiaries contributed 27.7% of group profit before tax and accounted for 31.1% of the group’s total balance sheet during the period, giving its digital strategy a regional footprint beyond Kenya.

The group also continues to maintain a large physical network, with 460 branches and 1,247 ATMs, supported by more than 1.4 million merchants and agents across East Africa. The bank’s mobile and internet banking services complement that network.

For KCB, the latest initiatives point to a digital strategy focused not only on mobile banking but also on reducing the cost of payments and digitizing business processes.

Cheaper PesaLink transfers target everyday payments, Bid Express digitizes access to bank guarantees, while MoFaya brings lending and savings into mobile-money wallets. Together, the initiatives show KCB extending digital services across consumer and business banking as the group continues its wider transformation.

7 Warning Signs Your Enterprise Web Application Architecture Is Holding You Back

Growth has a way of exposing every shortcut a business has ever taken with its technology. The Web app or platform that felt fast and flexible at 50 users starts to strain at 5,000. Reports that once took minutes now take hours. Simple feature requests turn into multi-week engineering projects, and nobody can quite explain why.

Most leadership teams interpret these symptoms as a resourcing problem. They hire more developers, add another vendor, or push the roadmap out another quarter. But in the majority of cases, the real constraint is architectural. The system was designed for the company you were, not the company you are becoming.

This is the practical argument for enterprise-grade software. It is not about buying bigger servers or adopting whatever framework is trending. It is about building systems that absorb growth instead of buckling under it. Companies that treat architecture as a business decision, and that invest deliberately in custom web application development services, consistently spend less on rework and recover faster when market conditions shift.

The cost of getting this wrong is rarely dramatic. It shows up quietly, as slower release cycles, rising infrastructure bills, engineers who spend more time maintaining than building, and opportunities that get declined because the platform cannot support them. By the time the problem becomes visible on a P&L, it has usually been compounding for two or three years.

The encouraging part is that architectural decay announces itself well before it becomes a crisis. There are recognizable patterns. Leaders who learn to read them can intervene early, when a course correction is still an investment rather than a rescue operation. That is especially true now, when automation and intelligent workflows are becoming table stakes, and when adopting custom AI Software development services depends almost entirely on whether your underlying data and systems are structured to support them.

Below are the seven signals worth paying attention to.

What Actually Makes an Application Enterprise-Grade

Before diagnosing problems, it helps to define the standard. Enterprise-grade is not a marketing label. It describes five measurable qualities.

Scalability. The system handles growth in users, data, and transactions without a proportional increase in cost or complexity.

Security. Access control, encryption, audit trails, and compliance requirements are designed into the architecture rather than bolted on after an incident.

Performance. Response times stay predictable under load, not just on a quiet Tuesday morning.

Reliability. The platform degrades gracefully. A failure in one component does not take the entire business offline.

Integration capability. The system exchanges data cleanly with the other tools your organization depends on, through documented interfaces rather than fragile custom scripts.

An application can look modern and still fail three of these five tests. That gap is where most enterprise technical debt lives.

The Seven Warning Signs

1. Every new feature takes longer than the last. Healthy systems get easier to extend over time because patterns become established. If your delivery velocity is trending the wrong way, the architecture is fighting your team rather than supporting it. Track how long comparable features took a year ago versus today. The comparison is often sobering.

2. Traffic spikes cause visible degradation. If a marketing campaign, a seasonal peak, or a large client onboarding creates anxiety in your engineering team, you do not have a scalable system. You have one that happens to be working. Scalability means growth is a business event, not an operational emergency.

3. Every integration requires a custom workaround. Connecting a CRM, a payment provider, or an analytics platform should be routine. When each integration becomes a bespoke project with its own maintenance burden, it usually means the application lacks a coherent API layer and business logic is scattered across the codebase.

4. Downtime has quietly become normal. Some organizations develop a tolerance for outages, scheduling maintenance windows and warning customers in advance. This normalization is a red flag. Modern architectures support zero-downtime deployment as a baseline expectation.

5. The same security gaps resurface in every review. If audits repeatedly surface issues in authentication, data handling, or access permissions, the problem is structural. Security implemented at the perimeter rather than throughout the architecture will keep producing the same findings no matter how many patches are applied.

6. Reporting depends on manual work. When answering a straightforward business question requires someone to export spreadsheets from three systems and reconcile them by hand, your data is siloed. That slows decision-making and makes it nearly impossible to build reliable forecasting or analytics on top.

7. AI and automation are not viable options. Many companies discover their AI ambitions are blocked not by model availability but by data readiness. Fragmented, inconsistent, poorly documented data cannot support meaningful automation. If your architecture cannot expose clean data through stable interfaces, intelligent capability remains out of reach regardless of budget.

The Pillars That Prevent These Problems

Modular architecture. The microservices versus monolith debate is often framed as a technical religion. It should be a business calculation. Monoliths are simpler and cheaper for smaller teams with a single product line. Modular or service-based architectures make sense when different parts of the business need to scale, deploy, or evolve independently. The failure mode is not choosing one over the other, it is choosing without understanding the tradeoff.

Cloud-native design. Running software on a cloud provider is not the same as being cloud-native. The latter means designing for elasticity, automated recovery, and infrastructure defined as code. Done properly, it converts fixed capital expense into variable operating expense that tracks actual usage.

Data as a first-class concern. Treat your data model as a strategic asset rather than a byproduct of application development. Organizations that centralize and standardize data early gain analytical capability that competitors spend years trying to retrofit.

Automation readiness. Build systems that assume automation will be added. Clean interfaces, well-defined events, and consistent data structures make future intelligent capability an incremental addition rather than a rebuild.

Where Businesses Commonly Go Wrong

Optimizing exclusively for the next release. Short-term thinking is defensible under pressure, but when it becomes the default operating mode, technical debt accumulates faster than it can be repaid.

Deferring scalability considerations. Some leaders reason that scaling problems are good problems to have. They are, but they are far cheaper to solve as design decisions than as emergency migrations under customer pressure.

Selecting a technology stack for the wrong reasons. Stacks get chosen based on a single developer’s preference, a conference talk, or availability of cheap contractors. Sound selection weighs talent availability in your market, long-term maintenance cost, ecosystem maturity, and fit with your specific workload.

Building Something That Lasts

Start with architecture, not features. A short discovery phase that maps expected growth, integration requirements, compliance obligations, and data flows will save disproportionately more time than it consumes. Two to three weeks of rigorous planning routinely prevents six months of rework.

Choose a development partner who asks uncomfortable questions. A team that immediately agrees to your timeline and specification without probing assumptions is not evaluating your problem. Look for partners who discuss tradeoffs openly and who can articulate what they would not build.

Treat optimization as continuous rather than episodic. Establish performance baselines, monitor them, and allocate a consistent share of engineering capacity to architectural health. Teams that reserve fifteen to twenty percent of capacity for this work rarely face the large, disruptive rewrites that consume entire quarters.

What This Looks Like in Practice

A mid-sized logistics company had built its order management platform as a single application over eight years. Growth was strong, but every peak season brought outages, and onboarding a new enterprise client took roughly four months because each required custom integration work.

Rather than rebuilding everything, the team extracted the three highest-pressure functions, order intake, tracking, and client integrations, into independent services with a shared API layer. Core operations remained on the existing system.

Within a year, peak-season outages stopped entirely, client onboarding fell from four months to around three weeks, and infrastructure spend dropped because they were no longer over-provisioning capacity for peaks. The engineering headcount did not change. The architecture did.

The Bottom Line

Architecture is a business decision that gets delegated to technical teams by default. That delegation is understandable, but the consequences land squarely on the business: revenue that cannot be captured, clients who cannot be onboarded, markets that cannot be entered quickly enough.

The organizations that scale well are not necessarily the ones spending the most on technology. They are the ones that recognized the warning signs early and treated architecture as an investment in future optionality rather than a cost to be minimized.

If several of the seven signals above describe your current environment, the useful next step is an honest architectural assessment before the next roadmap cycle begins. Understanding where the constraints actually sit is far less expensive than discovering them during your next growth surge.

Silverbacks Injected $37 Million into Moove’s Latest $2.1 Billion Valuation Round

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Silverbacks Holdings invested more than $37 million in Moove, during its $250 million round announced last week, its largest single investment in an African-born technology company.

The Mauritius-based investment firm participated in Moove’s $250 million Series C round, which was led by Mubadala Investment Company and co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. Existing and new investors including Uber, BlackRock, Franklin Templeton, MUFG, BlueCrest Capital Management, Sona Asset Management and The Raptor Group also participated.

Silverbacks’ stake, accumulated since Moove’s early A1 funding round, is now valued at more than $62 million based on the latest financing price, according to the firm.

The investment gives Silverbacks a significant position in a company that has expanded from its African roots into a global mobility operator. Founded in 2020 by Ladi Delano and Jide Odunsi, Moove finances, owns and operates vehicles for mobility platforms, including autonomous vehicle fleets.

The company said it reached annual recurring revenue of $420 million within five years of launch. It now operates about 42,000 vehicles across 29 cities in 13 countries on five continents, with more than 3,300 employees.

Moove is Uber’s largest global fleet partner and has also become a third-party operator of autonomous vehicle fleets through its partnership with Waymo. Its autonomous mobility operations are live or announced in cities including Phoenix, Miami, Las Vegas and London.

“Moove’s phenomenal trajectory and rapid expansion across five continents is a testament to the vision of its founders,” Ibrahim Sagna, executive chairman of Silverbacks Holdings, said in a statement. “We are proud to be part of this historic milestone and to support a true ‘silverback’ in the global mobility space.”

For Silverbacks, the investment extends a strategy of backing African-founded businesses capable of expanding beyond the continent. The firm has invested progressively in Moove over six years, increasing its exposure across successive funding rounds.

“Over the last six years, as we were expanding the company across the globe, they systematically scaled up their investments into our business — round after round,” Delano, Moove’s co-founder and co-chief executive officer, said.

The transaction also comes shortly after Silverbacks recorded its 10th portfolio exit, following the acquisition of open-banking startup Mono by Flutterwave. Silverbacks said its fintech investments have generated an average cash-on-cash return of 15.8 times.

The firm is also expanding beyond technology into Africa’s sports, entertainment and creative industries, where it has attracted investors and advisers including actor and director Boris Kodjoe, producer Pepsi Pokane, musician Mr Eazi and media executive Sandy Climan.

Moove’s latest funding underscores growing investor appetite for African-founded companies that can build international businesses rather than remain confined to their home markets. The company’s expansion into vehicle financing, fleet operations and autonomous mobility has broadened its addressable market beyond traditional ride-hailing.

For Silverbacks, the Moove investment represents both a substantial capital commitment and a bet that African entrepreneurs can build globally significant platforms in industries ranging from financial technology to transportation.

The firm’s latest exposure now stands at more than $62 million in value at Moove’s new valuation, giving Silverbacks a sizable paper gain on its early investment while reinforcing its strategy of backing companies before they reach global scale.

Jumia Raises $50M as IFC, Axian Back Push Toward Profitability

Jumia has raised $50 million in fresh equity from a group of investors led by the International Finance Corporation, giving Africa’s e-commerce company additional capital as it pushes toward profitability.

The financing includes a $25 million investment from IFC, the World Bank Group’s private-sector arm, with Axian and other investors providing the remaining $25 million. Investors agreed to purchase about 9.1 million new American Depositary Shares at $5.52 each, according to regulatory filings.

The funding comes as Jumia’s turnaround begins to show results. Revenue rose 14% year-on-year to $52 million in the second quarter, while gross merchandise value increased 20% to $216.3 million. Gross profit rose 28% to $30.7 million.

More importantly, the company continues to reduce its losses. Jumia’s adjusted EBITDA loss narrowed 36% to $8.7 million from $13.6 million a year earlier, while its operating loss fell 25% to $12.4 million.

Jumia is targeting adjusted EBITDA breakeven and positive cash flow in the fourth quarter of 2026, followed by full-year profitability in 2027.

The new capital gives the company more room to pursue those targets. Jumia ended June with $48.3 million in liquidity, down from $62.6 million at the end of March, after using $11.8 million in operating cash during the second quarter.

Jumia plans to use the proceeds to support growth in its core African markets, improve operational efficiency and strengthen its marketplace and logistics infrastructure.

The company has spent the past several years scaling back from an aggressive pan-African expansion strategy that consumed cash. It has exited markets including South Africa, Tunisia and Algeria, cut costs and focused its resources on eight core African markets.

That restructuring is now producing stronger operating metrics. Quarterly active customers reached 2.6 million, while physical-goods orders rose to 6.3 million. Adjusted for markets Jumia has exited, orders increased 28% year-on-year.

Nigeria was among the strongest markets during the quarter, with GMV rising 36% and orders increasing 34%.

International commerce is also becoming a larger part of Jumia’s marketplace. Orders from international sellers increased 96% year-on-year in the second quarter, helped by a growing base of Chinese sellers and affordable fashion products sourced from Turkey.

For IFC, the investment represents a bet on digital commerce infrastructure as a driver of economic opportunity in Africa. The World Bank Group said its investment could help about 60,000 local active sellers reach broader markets, support around 1,800 direct jobs and create income-generating opportunities for more than 100,000 independent sales agents.

“Jumia demonstrates how pan-African e-commerce platforms can expand economic opportunity at scale,” Farid Fezoua, IFC’s director for Equity, Funds and Venture Capital, said.

Jumia CEO Francis Dufay said the investment was a milestone for the company and validated the progress made in recent years.

The financing gives Jumia a larger capital cushion as it attempts to prove that e-commerce can become a sustainable business in markets where low purchasing power, expensive logistics, fragmented retail infrastructure and currency volatility have historically made online commerce difficult to scale.

If Jumia delivers on its 2026 breakeven target and reaches full-year profitability in 2027, the $50 million raise could mark a significant turning point for one of Africa’s most prominent publicly listed technology companies.