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Nigerian fintech company FairMoney, through its subsidiary MyCredit Investments Limited, has had its long-term rating upgraded to BBB+ and its short-term rating to A2 by Global Credit Ratings. The upgrade reflects the strength of its business model, well-managed credit-risk growth and 2024 revenue of more than 112 billion naira, equivalent to over 77 million dollars.
Zazu, a digital banking platform designed for entrepreneurs and small businesses, recently raised $1 million in a pre-seed funding round from African and European investors.
The startup is currently active in South Africa and Morocco, where it integrates with key payment providers such as Paystack and Ozow. Zazu plans to accelerate its rollout now, ahead of a major pan-African expansion scheduled for 2026.
British fintech company Wise has received conditional approval from the South African Reserve Bank to operate as an authorized foreign-exchange intermediary, allowing it to offer international transfers to consumers.
The approval will enable South Africans to send money abroad at the mid-market exchange rate, with all fees disclosed upfront. The move comes amid rising demand for faster and cheaper cross-border payments in the region.
The D-Prize global competition is accepting applications from African and international entrepreneurs developing solutions to reduce extreme poverty.
Selected startups working in sectors such as health, water, agriculture, energy and education can receive up to $20,000 in seed funding to launch a pilot.
The application deadline is Jan. 4, 2026.
NBA Africa has selected ten startups from five countries for the second edition of its Triple-Double program, which supports young technology ventures in sports and the creative industries. The selected companies include Athlon Technology and Fitclan (Egypt), Novate and Reborn (Morocco), ProPath Sports and Safia Health (Kenya), and Contestify, Atsur and SongDis (Nigeria). They are scheduled to pitch their projects in Kigali on Friday, December 5.
Bolt, the ride-hailing platform, has reached a major milestone in South Africa, announcing it has completed more than 400 million trips since its launch in 2016. The service, which serves about 1.4 million passengers each month and has over 40,000 active drivers across twenty-three cities, hit this mark as the industry rolled out new safety rules requiring licenses, vehicle identification and physical alert buttons.
At the BimaLab Africa Insurtech Summit, held on Wednesday, November 26 and Thursday, November 27 in Nairobi, FSD Africa announced the creation of the Inclusive Insurtech Investment Fund. This $30 million venture capital fund is dedicated to supporting early-stage African insurance technology (insurtech) startups. Building on the BimaLab program, this funding vehicle will back solutions designed to improve the accessibility, affordability, and relevance of insurance, particularly in the areas of climate, health, and financial inclusion for underserved populations.
Nigerian entrepreneur Kayode Aladesuyi’s company, MYai Robotics, has unveiled Curation AI, a system that verifies articles, images, videos, audio and social media posts in seconds while also tracking public opinion in real time. Developed by a mostly Nigerian team, the tool is designed to curb misinformation by enabling the public, media outlets and institutions to quickly verify digital content.
Twelve Kenyan startups – including LeadNow by Dignitas, Cloud School System, Elimu Shop, iFunza, M-Lugha Technologies, Nyansapo AI, Zydii and Digifunzi– have completed the third cohort of the Mastercard Foundation EdTech Fellowship. During the six-month program, they received support to refine their solutions and expand the rollout of digital tools that promote inclusive education.
Nigeria’s Task Systems Limited has won the Microsoft Partner of the Year Award, beating more than 4,000 candidates from over 100 countries. The award highlights decades of expertise in deploying digital solutions for major African enterprises and reinforces Task Systems’ position as a key driver of digital transformation on the continent.
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Proparco is investing in Kenyan e-mobility startup BasiGo, which assembles electric buses locally and finances them through a pay-as-you-drive model. The funding will help the company expand its operations in Kenya and Rwanda, strengthen its charging network, and move closer to its goal of deploying 1,000 buses.
South Africa’s Competition Tribunal has approved Lesaka Technologies’ acquisition of digital-only bank Bank Zero for about $63.8 million. The deal still requires sign-off from prudential regulators. The acquisition will enable Lesaka to strengthen its financial services platform, expand its digital banking offering, and fund its growth more effectively through customer deposits.
OceanHub Africa has opened applications for the seventh edition of its 12-month acceleration program, which will support up to twenty-four African impact startups focused on ocean preservation.
Selected startups will receive a mix of in-person and remote support, access to an international network of experts, investors, and customers, and various service and software benefits. Applications are open until December 30.
The Gabon chapter of the Congo Digital Economy Summit (Codes Africa) will host a regional meeting on cooperation, interoperability, and digital sovereignty in Central Africa on Thursday, December 4, at the Radisson Blu in Libreville.
The event, backed by the Association of Central African Telecommunications Regulators and consulting firm Deloitte, will bring together public- and private-sector leaders to discuss key digital issues.