Fintech

Microsoft South Africa CEO, Vukani Mngxati, has called for increased investment in trusted digital infrastructure as Africa’s financial technology sector continues to expand, identifying cloud computing, data and artificial intelligence as foundational elements of modern economies. Mngxati made the remarks during a panel discussion at the MTN Fintech Summit 2026, where industry leaders explored how…

Nigerian education technology company Heels and Tech, led by entrepreneur Bisola Alabi, has been selected for Cohort 4 of the Mastercard Foundation EdTech Fellowship in Nigeria. The company will receive $100,000 in equity-free funding, alongside expert support aimed at helping it expand its impact across education and technology. The selection places Alabi and Heels and…

As Nigeria’s technology ecosystem continues to grow, much of the attention has focused on consumer-facing sectors such as fintech, e-commerce and digital services. Despite the progress recorded in these areas, challenges remain, particularly regarding the compatibility of foreign-built technologies with Nigeria’s unique business, regulatory and operational environment. There are also growing concerns about whether enough…

Software development remains one of the highest-paying tech careers in Nigeria. As businesses across fintech, banking, healthcare, e-commerce, telecommunications, and government embrace digital transformation, the demand for skilled developers continues to grow. If you’re considering a career in programming, you may be asking: How much do software developers earn in Nigeria in 2026? The answer…

The initiative was unveiled at the BIC Somali Innovation Forum in Mogadishu as part of the BIC Somali Project, funded by the European Union and implemented by the United Nations Industrial Development Organization (UNIDO). Somalia has launched a national startup network aimed at strengthening the country’s innovation ecosystem by enhancing collaboration among entrepreneurs, business support…

Cogniviti Labs Expands into South Africa to Drive AI-Led Enterprise Transformation Cogniviti Labs (C-Labs), a Singapore-headquartered artificial intelligence and digital transformation company specialising in next-generation procurement and finance solutions, has announced its expansion into South Africa as part of its global growth strategy. The move introduces C-Labs’ award-winning AI-powered enterprise solutions and digital transformation capabilities…

Moroccan super app ORA Technologies has secured an additional $2 million from local investors, extending its Series A funding round to a total of $10 million as it expands its food delivery and digital payments operations. What makes the funding round particularly significant is not only its size but also its investor composition. ORA said…

As Africa’s startup ecosystem continues to evolve, industry leaders have stressed that impressive fundraising announcements alone are no longer enough to win over increasingly cautious investors. Instead, the focus has shifted to developing products that address real consumer challenges. This formed the central theme of the latest quarterly UBA Business Series titled, “Building for Africa’s…

Climate technology has emerged as Africa’s leading venture funding sector, surpassing fintech, which has dominated the continent’s investment landscape for several years. According to a report released on Tuesday by London-based research firm Briter, climate tech accounted for less than a quarter of the total venture capital invested in Africa between 2016 and 2025. However,…