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Strive Masiyiwa’s Liquid Intelligent secures $410 million credit facility after debt repayment  

Masiyiwa-backed Liquid secures $410m in new credit after repaying debt, with Cassava injecting fresh equity.

Timilehin Adejumobi Timilehin Adejumobi

GoWit partners with Publicis to grow retail media across MENA and Africa

Retail media is gaining ground in the Middle East and Africa as brands look for more direct ways to reach shoppers. With e-commerce sales rising and digital ad budgets shifting toward performance channels, retailers and agencies are under pressure to prove results at the point of purchase.  That shift is prompting closer ties between global agency networks and retail-focused technology firms. Advertisers want clearer data, faster execution and measurable returns. Retailers, for their part, are seeking new income streams beyond…

Oluwatosin Alao Oluwatosin Alao

Uganda eyes Tanzania rail link to boost East Africa trade

Uganda is stepping up efforts to strengthen its position in East Africa’s trade network, with plans to link its Standard Gauge Railway to Tanzania’s rail system. The proposal could give the landlocked country a second route to the Indian Ocean and ease pressure on existing export corridors.  Details outlined in a government document show Kampala is studying how the new line could connect to Tanzania’s network and on to the port of Dar es Salaam. For years, most of Uganda’s…

Oluwatosin Alao Oluwatosin Alao

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Terra Industries partners with DICON to boost Nigeria’s defense technology, create jobs, and strengthen local production after a $34 million raise.

Omokolade Ajayi Omokolade Ajayi

Egypt, World Bank push funding, reforms to drive national growth

Egypt is seeking fresh funding and faster reforms as it works to steady its economy and restore growth, deepening ties with the World Bank at a sensitive time for Africa’s third-largest economy.  The talks in Cairo come as governments across emerging markets contend with higher borrowing costs, tighter global liquidity and pressure to protect vulnerable households. For Egypt, officials say, stronger coordination with multilateral lenders is key to maintaining stability while keeping development plans on track.  At the center of…

Oluwatosin Alao Oluwatosin Alao

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

Omokolade Ajayi Omokolade Ajayi

EBRD commits $153 million to West African agriculture

The European Bank for Reconstruction and Development is stepping up its support for agribusiness in West Africa with a $153 million financing package for operations in Côte d’Ivoire and Nigeria.  The funding, split between Robust International and Valency International, targets key export commodities including cashew, sesame, cocoa and soybeans. The investment comes as global food supply chains face pressure from climate risks, higher input costs and shifting trade flows.  For Côte d’Ivoire and Nigeria — two of the region’s largest…

Oluwatosin Alao Oluwatosin Alao

Black billionaire Alex Karp’s Palantir secures $1 billion DHS deal 

Palantir wins a $1 billion Homeland Security contract, boosting backlog.

Timilehin Adejumobi Timilehin Adejumobi