Tag: Technology

Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
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Terra Industries wins $1 million mining security contract in Nigeria

Terra Industries wins a $1 million contract to provide autonomous security for Anka Metals’ Jema’a mining project in Kaduna.

Omokolade Ajayi Omokolade Ajayi
Nairobi-based Watu
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Nairobi-based Watu secures $7 million debt facility from AHL Venture Partners

Watu has secured a $7 million debt facility from AHL Venture Partners to expand lending across selected African markets.

Omokolade Ajayi Omokolade Ajayi
Optasia Limited, the Dubai-headquartered and JSE-listed fintech company
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Optasia profit surges 58% to $36.9 million on booming mobile financial services

Optasia’s net profit jumped 58 percent to $36.9 million in H1 2026, driven by an 84 percent surge in mobile financial services across African markets.

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
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Nigeria’s Terra Industries wins $2 million lithium mining deal after fresh funding

After growing its seed round to $52 million, Nigeria’s Terra Industries lands $2 million in mining surveillance contracts to protect local lithium sites.

Omokolade Ajayi Omokolade Ajayi
Nigerian tech entrepreneur Yinka Adewale
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Nigerian tech entrepreneur Yinka Adewale leads Nomba to $3 million funding success

Nomba secures a $3 million debt facility as Yinka Adewale expands its cross-border payments network across Africa and Asia.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
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Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

Uber exits Nigeria, Uganda and Tanzania while keeping Kenya as a key African market amid rising costs and a push for profitability.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
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Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

Omokolade Ajayi Omokolade Ajayi
Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
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Why a $300 million bet on African data centers matters right now

A $300 million capital injection into WIOCC Group aims to close Africa’s digital divide and build critical data center capacity for the AI economy.

Omokolade Ajayi Omokolade Ajayi
Changan
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Chinese automakers step up South Africa electric vehicle push

Chinese automakers are expanding electric, hybrid and pickup offerings in South Africa, challenging Toyota, Ford and Isuzu.

Omokolade Ajayi Omokolade Ajayi
Globacom: 23 years of powering unlimited possibilities
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Globacom at 23: From Expensive SIM Cards to Mass Connectivity

Globacom marks 23 years, from costly SIM cards to nationwide connectivity, broadband expansion and AI-powered services.

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
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Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

Hassanein Hiridjee’s Axian Telecom reported a 26.5% rise in H1 2026 revenue to $979.96 million, powered by surging mobile data and fintech growth.

Omokolade Ajayi Omokolade Ajayi
Blu Label
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South Africa’s Blu Label rewards investors after Cell C market spinoff

Blu Label resumed dividend payouts and a share buyback after Cell C's JSE listing generated $169 million in cash, cutting debt to $292.2 million.

Omokolade Ajayi Omokolade Ajayi