• Safaricom’s M-PESA Fintech 2.0 upgrade lifts capacity to 6,000 transactions per second, scalable to 12,000, with AI fraud detection and cloud-native architecture.• In FY2025, M-PESA processed 37.15 billion transactions worth KSh 38.29 trillion (≈USD 292.3 billion), generating KSh 161.1 billion (≈USD 1.23 billion) in revenue, up 15.1% year on year.• Africa’s mobile money market hit...

President Diomaye Faye announced a satellite internet deal to cover Senegal by year-end. Only 3% of rural households currently have home internet access, versus 43.8% in Dakar. The project is part of Senegal’s New Deal Technologique, which expands connectivity and supports startups. Senegal President Bassirou Diomaye Faye announced on September 22 in New York that his government...

Nigeria launched the African Petroleum Regulators Forum (AFRIPERF), backed by 16 countries. IEA estimates Africa needs $240 billion annually by 2030 to meet energy and climate goals. Regulators aim to harmonize oil codes to improve transparency, governance, and investor confidence. For many African countries, oil and gas resources remain central to medium- and long-term...

Cassava and Accenture to roll out sovereign AI, starting in South Africa, Egypt, Kenya, Morocco, and Nigeria. Partnership combines Accenture’s AI Refinery with Cassava’s NVIDIA-powered GPU-as-a-Service in local data centers. Focus on local data processing, African languages, and sector use cases, with GDP gains modeled at 4.9pp by 2035 (PwC). Cassava Technologies and Accenture...

Record Resources names Alain Mizelle president and COO Firm, with ReconAfrica, signs Gabon oil production deal Ngulu block holds 20,000 bpd potential, 30 exploration prospects Record Resources has appointed Alain Mizelle as president and chief operating officer. The decision comes as the company, in partnership with ReconAfrica, finalized a production sharing agreement with the...

Afreximbank, AAAM renew deal to boost Africa’s auto industry Partnership targets value chains, financing, and policy support Africa’s vehicle fleet projected to more than double by 2050 The African Export-Import Bank (Afreximbank) has renewed a memorandum of understanding with the African Association of Automotive Manufacturers (AAAM) to boost intra-continental trade and...

Egypt, Singapore to digitize Port Said into smart port hub Project leverages Suez Canal’s strategic global trade position Aims to boost efficiency at Africa’s top-ranked container port Egypt and Singapore are planning a partnership to digitize the Port Said West port complex and transform it into a "smart platform." The project was unveiled Monday following talks in Cairo...

Tunisia, IFAD launch $41M DINAMO project in northwest mountains Plans include water systems, cisterns, agroforestry, and processing units Targeted regions produce 74% of Tunisia’s wheat amid drought Tunisia's Ministry of Agriculture launched the Inclusive smallholder agriculture development in the North-West mountains of Tunisia (DINAMO) on Monday, September 22. The program,...

Angola oil output rebounds to 1.03M barrels/day in August Boost driven by well rehab, satellite fields, major firms $71B in oil investments projected through 2028 Angola's oil production has returned to its usual levels, reaching 1.03 million barrels per day at the end of August 2025, according to figures from the National Agency for Petroleum, Gas and Biofuels (ANPG) reported...

AMEA’s 120 MWp Tunisia solar plant is 82% complete Backed by IFC, AfDB; aims to power 43,000 homes Second 200 MW plant underway as Tunisia eyes 35% renewables AMEA Power is making significant progress on its commitments in Tunisia, with its 120 MWp solar project in Kairouan now 82% complete, the Emirati company announced on Tuesday. The plant is expected to begin commercial...