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Latest Technology News

Palantir Co-founder Lonsdale invests in Nigerian Drone Startup Terra Industries

Palantir co-founder Joe Lonsdale backs Nigerian drone maker Terra as it scales manufacturing amid rising security threats across Africa.

Timilehin Adejumobi January 12, 2026

AI funding round

Grok’s parent company raises $20 billion in Series E round

xAI, founded by Elon Musk, raised $20 billion in a Series E round, beating targets and drawing U.S. and Middle East investors.

Feyisayo Ajayi January 11, 2026

Africa

PayPal invests $100 million to grow digital reach in Middle East and Africa

At a Glance PayPal Holdings is expanding its footprint across the Middle East and Africa with a $100 million investment aimed at driving digital innovation, supporting entrepreneurs, and widening access to online commerce. The move highlights the company’s growing focus on regions experiencing rapid growth in digital payments and e-commerce. The investment will be deployed through a mix of minority stakes, acquisitions, PayPal Ventures funding, and technology deployments. These initiatives are designed to help local businesses scale operations, increase efficiency,…

Oluwatosin Alao January 9, 2026

Al Moammar Information Systems AI strategy

Why Saudi firm sold its entire stake in Elon Musk’s AI firm for $4.2 million

Saudi IT firm MIS sold its xAI stake for $4.24 million, tripling a $1 million bet and signaling disciplined, timing-driven AI investing returns.

Feyisayo Ajayi January 9, 2026

The partnership introduces Travelex as an additional payout channel within Mukuru’s growing network.

cash payout

Mukuru and Travelex team up to boost cash access in South Africa

At a Glance Mukuru, a leading remittance and financial services provider, has partnered with Travelex to expand cash payout options for customers across South Africa. The collaboration aims to make sending and receiving money safer, faster, and more convenient for millions who rely on regular transfers for daily expenses. The partnership introduces Travelex as an additional payout channel within Mukuru’s growing network. Customers can now collect funds at any of Travelex’s 46 branches nationwide, located in high-traffic and easily accessible…

Oluwatosin Alao January 6, 2026

Emerging Markets

Gold exports drive Ghana’s cedi to world’s best performer

At a Glance Ghana’s cedi has pulled off a striking comeback, rising from the depths of a debt and balance-of-payments crisis to become one of the world’s strongest currencies this year. Only months ago, the West African nation was struggling to steady its finances after a bruising default and painful restructuring talks. The rebound stands out in a year when many emerging-market currencies have been weighed down by high global interest rates and a strong U.S. dollar. Instead of sliding…

Oluwatosin Alao January 2, 2026

Equatorial Guinea

Chinese investment targets $53 million West African gas asset

At a Glance A Chinese energy investor is stepping into offshore West Africa with a $53 million commitment, highlighting steady Asian interest in gas projects tied to existing export infrastructure as countries look for reliable, cleaner-burning fuel supplies. The investment comes as global gas markets remain shaped by energy security concerns, tight supply in some regions and the need to replace more carbon-intensive fuels. For investors, assets close to producing fields and processing facilities offer a clearer path from discovery…

Oluwatosin Alao December 30, 2025

Those strengths are rooted in Gauteng, South Africa’s largest economic engine.

Africa infrastructure

Johannesburg emerges as Africa’s infrastructure investment anchor

At a Glance Johannesburg’s hosting of the G20 summit was more than a diplomatic milestone. It served as a working example of a city still able to operate at scale, managing security, transport and logistics while welcoming global leaders and investors. For business executives and fund managers in attendance, the takeaway was practical rather than symbolic. The summit underscored Johannesburg’s capacity to move people, capital and ideas efficiently, a quality that matters as investors become more selective about where they…

Oluwatosin Alao December 24, 2025