Technology

Discover how technology is transforming Africa. Shore Africa covers startups, innovation, fintech, and digital trends driving the continent forward.

Our Technology category highlights the entrepreneurs, platforms, and breakthroughs positioning Africa as a global tech powerhouse.

Latest Technology News
Global commodities Group, Trafigura
BusinessTechnology

Trafigura pays $1 billion for Gabon oil, tightening grip on Africa output

Singapore-based commodities trader Trafigura has agreed to a $1 billion prepayment deal with Gabon, securing future crude supplies in a move that highlights the growing use of oil-backed financing across Africa.  The agreement gives Gabon immediate access to funds at a time when many resource-rich economies are looking for ways to steady public finances and fund development without taking on traditional debt.  For Trafigura, the deal offers something just as important: reliable, long-term access to crude in a competitive global…

Oluwatosin Alao Oluwatosin Alao
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EBRD backs $65 million Egypt solar, storage project at Benban Solar Park
BusinessTechnology

EBRD lends $65 million to HAU Energy for solar and storage project in Egypt

The European Bank for Reconstruction and Development is expanding its support for Egypt’s clean energy push with a $65 million loan to finance a new solar and battery storage project.  The funding targets a key gap in Egypt’s power system as demand rises and the country leans more on renewable energy. Officials say combining solar generation with storage will help keep electricity supply steady, even when sunlight is limited.  The investment comes as Egypt works to cut its reliance on…

Oluwatosin Alao Oluwatosin Alao
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Uber, Lucid, PIF invest $750 million to scale robotaxis and EV tech
TechnologyBusiness

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly directed toward vehicles built for fleets rather than individual ownership. Companies are focusing on lowering operating costs and improving efficiency…

Oluwatosin Alao Oluwatosin Alao
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Mobica plans $20 million Egypt auto investment as local rules reshape supply chains
BusinessTechnology

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

Egypt’s effort to build a stronger domestic auto industry is moving beyond policy statements as new private investment begins to flow into local supply chains. The government has been working to reduce reliance on imported vehicle parts while encouraging manufacturers to produce more components inside the country.  The shift is becoming more visible as companies start to adjust their long-term plans. Rather than focusing only on final assembly, firms are increasingly looking at parts production, materials, and supplier networks. Officials…

Oluwatosin Alao Oluwatosin Alao
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MTN Group Q1 2026 revenue
TechnologyBusiness

MTN Nigeria rolls out first 25Gbps microwave link in sub-Saharan Africa

MTN Nigeria has taken a step forward in its network upgrade plans after testing what it says is the first commercial 25Gbps full-duplex microwave link in sub-Saharan Africa, working with Huawei Nigeria. The trial, carried out on the E-band (80 GHz) spectrum, points to how operators are seeking faster, more efficient ways to support 5G services in Nigeria.  The move comes as demand for reliable, high-speed internet continues to rise in Africa’s largest telecom market. More users are streaming video,…

Oluwatosin Alao Oluwatosin Alao
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Botswana signs Oman energy, mining deals to cut diamond reliance
BusinessTechnology

Botswana, Oman strike energy, mining deals to boost Africa ties

Botswana is stepping up efforts to reduce its reliance on diamonds, signing new agreements with Oman that span energy, mining and infrastructure. The deals come as the Southern African country faces softer global demand for diamonds, a sector that has long supported public finances and economic growth.  For years, diamonds have accounted for about a third of Botswana’s economy. But falling prices and growing competition from lab-grown stones have begun to weigh on revenues, prompting officials to look for new…

Oluwatosin Alao Oluwatosin Alao
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Cross Switch launches Absa Pay in South Africa
BusinessTechnology

Cross Switch launches Absa Pay in South Africa, expanding digital payments

Cross Switch has launched Absa Pay in South Africa, expanding its payments offering as demand grows for secure, bank-authenticated checkout options across the country’s fast-developing digital economy. The rollout gives merchants a new way to process payments that keeps transactions within a trusted banking environment.  The launch comes as South Africa’s e-commerce market continues to expand, supported by rising smartphone use, improved digital infrastructure and broader acceptance of online shopping. As more consumers move to digital channels, businesses are under…

Oluwatosin Alao Oluwatosin Alao
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Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

South African AI startup Refiant raises 5 million seed funding to cut AI energy use and data costs through model compression technology.

Omokolade Ajayi Omokolade Ajayi
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Axian Telecom’s Oracle deal begins rollout.
TechnologyBusiness

Oracle launches first hyperscale public cloud region in Morocco

Oracle has opened its first hyperscale public cloud region in Casablanca, marking a significant expansion into Africa’s growing market for cloud computing and artificial intelligence.  The move makes Oracle the first hyperscaler to establish a full-scale cloud presence in North Africa, as global technology firms increase investments across the continent. Demand for cloud services and data storage is rising among businesses and governments seeking faster systems and greater control over data.  For Morocco, the launch adds to efforts to strengthen…

Oluwatosin Alao Oluwatosin Alao
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