Author: Akin Naphtal

Nigerian-founded mobility technology company Moove has raised $250 million in a Series C funding round, achieving a $2.1 billion valuation and securing unicorn status. The fresh capital will be used to build autonomous vehicle infrastructure, expand fleet ownership, construct robotics-focused “Nests” for charging and maintenance, and grow the company’s autonomous workforce from 150 to 500 by the end of the year. Moove also plans to enter additional global markets as it focuses on developing the operational backbone required for large-scale autonomous transportation rather than simply supplying vehicles. The round was led by Mubadala Investment Company and co-led by Woven Capital…

Botim, the UAE’s leading fintech platform, has partnered with Mastercard to introduce the Mastercard One Credential, a flexible payment solution that allows eligible Botim cardholders to manage multiple funding sources through a single card. The launch marks the first rollout of the solution in the UAE and across Eastern Europe, the Middle East, and Africa (EEMEA), underscoring both companies’ commitment to product innovation in digital payments. Mastercard One Credential enables users to link one payment product to multiple funding sources via a seamless digital interface. Eligible cardholders can switch between prepaid balances and credit funding without needing a separate card,…

Zayo is constructing more than 8,000 miles of new long-haul fibre across the United States in a collaboration with Nvidia, aimed at closing what the company calls a widening gap between surging AI compute demand and available network capacity. The expansion will deliver six new long-haul routes through emerging AI corridors, alongside overbuilds of existing infrastructure in ten high-demand markets. Zayo said the project is designed to connect AI factories, GPU clusters and hyperscaler deployments as they expand beyond traditional data centre hubs. Steve Smith, chief executive of Zayo, said the company had invested heavily in modelling where AI-driven demand…

MTN Uganda has reported a robust 37.7% rise in profit after tax for the first half of 2026, reinforcing the strong double-digit earnings momentum across MTN Group’s key operating companies ahead of the parent’s interim results. The Ugandan unit’s performance follows earlier announcements of a 70.6% PAT surge at MTN Nigeria and a 43.3% gain at MTN Ghana, highlighting resilient operational results across the group’s major markets for the six months ended June 2026. Service revenue at MTN Uganda climbed 9.4% to Ush1.9 trillion, underpinned by a 15.6% increase in data revenue to Ush566.8 billion and a 10.7% rise in…

While South Africa and Nigeria dominate headlines for the sheer number and capacity of data centers on the continent, a different ranking emerges when the focus shifts to independently verified resilience: Morocco leads by a wide margin, according to Uptime Institute records. According to an analysis by the Institute, Africa currently has 50 data centers that have been physically inspected and certified as meeting Tier III or Tier IV standards. Morocco accounts for 17 of them — more than three times the total of any other single country — yet it is rarely the first market named in sector discussions…

Liquid Intelligent Technologies and Eastcastle Infrastructure have secured an $82.8 million private debt facility from the Emerging Africa and Asia Infrastructure Fund (EAAIF) to accelerate the expansion of critical digital infrastructure across the continent. The facility, managed by investment firm Ninety One, will support two parallel initiatives aimed at closing Africa’s connectivity gaps. Eastcastle will receive $32.8 million to expand its tower network in the Democratic Republic of Congo (DRC) from 1,072 to 1,800 sites, focusing on improving coverage in rural and remote areas. Liquid Intelligent Technologies will receive $50 million as part of a broader $450 million financing package.…

MTN Group has moved a step closer to completing its acquisition of the remaining shares in IHS Holding Limited after IHS shareholders overwhelmingly approved the transaction at an Extraordinary General Meeting (EGM), marking a significant milestone in one of Africa’s largest digital infrastructure deals. The approval, secured through the required two-thirds majority at the EGM held on 4 August 2026, satisfies one of the key conditions precedent to the transaction. The acquisition, first announced by MTN in February 2026, remains subject to the necessary regulatory approvals before it can be finalised. Reacting to the development, MTN Group President and Chief…

Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc, has shared a thoughtful reflection on the deeper questions surrounding artificial intelligence, arguing that the conversation about AI must move beyond intelligence alone and confront the more fundamental issue of consciousness. In a recent commentary, Eniolorunda noted that discussions about AI typically centre on whether machines will outperform humans, automate work or transform industries. While important, he said these debates often overlook a more profound underlying question: what consciousness actually requires. “If consciousness depends on biological matter, then no matter how intelligent AI becomes, it will never be conscious,” Eniolorunda wrote.…

Ericsson has announced the appointment of Christophe Van de Weyer as the new Head of Business Area Global Communications Platform and CEO of Vonage. He will also join Ericsson’s Executive Team, effective immediately. Van de Weyer, who joined Vonage in 2025, has been instrumental in driving the company’s strategy to leverage high-performance, programmable networks and advanced communication capabilities. His efforts have focused on accelerating digital transformation for enterprises globally, with strong emphasis on profitable growth in Communications Platform as a Service (CPaaS) and Network APIs. Before Vonage, Van de Weyer served as CEO of Telesign, a US-based subsidiary of Proximus…

Rack Centre, a leading data centre and digital infrastructure provider, has announced the appointment of seasoned commercial leader Tawa Bolarin as its new Chief Commercial Officer (CCO). In a statement posted on its official LinkedIn page, the Rack Centre team expressed excitement about Bolarin joining the organisation, noting that her extensive experience will be instrumental in scaling the business and strengthening its commercial capabilities. “The Rack Centre team is thrilled to welcome Tawa Bolarin as she joins us as Chief Commercial Officer (CCO).” its official LinkedIn page read Tawa Bolarin brings over two decades of high-level commercial leadership across B2B,…