Ventures Platform raises $64M in first close of $75M fund New fund targets fintech, healthtech, agritech, edtech, and AI startups Backed by IFC, BII, Proparco, and Nigeria’s Bank of Industry Nigerian venture capital firm Ventures Platform announced on Thursday, Nov. 6, 2025, the first close of its second Africa-focused fund, raising $64 million of a...

Release by Scatec offers modular solar to cut Africa’s energy costs Leased systems save fuel, add 20-30 MW without heavy financing Projects underway in six countries, backed by IFC and World Bank Hans Olav Kvalvaag, CEO of Release by Scatec, a subsidiary of Norway’s Scatec Group, outlined a pragmatic approach to Africa's energy transition, relying on accessible, modular...

Oni-Tel Fibre Networks launched Inter-Data Centre Fibre Network with Digital Parks Africa as the inaugural point of presence. High-speed fibre backbone connects all major data centers across Gauteng, enabling seamless, low-latency connectivity. Oni-Tel has laid over 70km of cutting-edge fibre for the high-speed and low-latency demands of digital connectivity. On November 6, Oni-Tel...

Air Peace becomes the first Nigerian airline to launch direct flights from Abuja to London Heathrow. Fidelity Bank highlights the partnership as proof of indigenous enterprise and aviation growth. The route is expected to boost connectivity and lower travel costs for Nigerians. Nigeria’s Fidelity Bank Plc has hailed Air Peace for launching its maiden direct flight between Abuja...

Telecel Zimbabwe seeks court-backed corporate rescue amid financial crisis Firm cites debt, weak 4G network, and shrinking market share Rescue aims to restructure, avoid collapse in telecom sector Telecel Zimbabwe, the country’s third-largest mobile operator, is seeking to enter corporate rescue proceedings, a legal provision that allows financially distressed companies to...

Kenya-UK trade hits record £2.1B in Q2 2025 Exports rise on both sides after July trade agreement UK remains top investor, with £804M FDI in Kenya Trade between Kenya and the United Kingdom rose to a record £2.1 billion ($2.75 billion) in the second quarter of 2025, according to Kenya’s Ministry of Investment, Trade and Industry. The figure, based on data from the UK’s...

Leaked DRC contract reveals $30 airport security fee sparks backlash Government says fee already included in ticket prices, not new Securiport to get 85% of fees under airport security PPP deal Controversy erupted in the Democratic Republic of Congo (DRC) this week after excerpts of a contract between the government and U.S. firm Securiport leaked on social media, outlining...

Sudan creates three digital governance bodies under new ministry Reform aims to boost transparency, data security, and efficiency Effort hampered by conflict, weak infrastructure, and low readiness Sudanese Prime Minister Kamil Idris issued a decree on Wednesday, Nov. 5, 2025, establishing three new national bodies under the Ministry of Digital Transformation and Communications....

Move follows Airtel's May 2025 deal with SpaceX in DRC Starlink seen as cost-effective fix for rural connectivity gaps Telecom operators Africell and Vodacom, active in the Democratic Republic of Congo (DRC), are exploring partnerships with Starlink, the global satellite internet provider, to expand their network coverage across the vast country. Kory Webster, CEO of Africell DRC,...

DRC revokes mining rights of 7 firms over unpaid fees Geocore, Regal Maniema among companies losing key permits Firms have 30 days to appeal under 2018 Mining Code The Democratic Republic of Congo's Ministry of Mines revoked the mining rights of seven companies in late October 2025 as part of its policy to enforce stricter compliance in the sector. The revocations were issued for...