Breaking News today includes: NoorNation closed a $1.05 million seed round, Mozambique Increasing gold reserves, Major gas discovery in Tanzania, and Afreximbank Funds Oryx Buyout
Weekly News Wrap: - 23 October - AI Risks and Isuzu’s Rugby Sponsorship
No Free Lunch - How to Address The Youth Unemployment Crises
Weekly News Wrap - Startup Exits, Funding Success and Tech Development Challenges
No Free Lunch Podcast - Are They Listening and AI Risk AssesmentThe Weekly News Wrap - Where Capital Lands and Why
Weekly News Wrap: Energy investment, business sentiment and mining innovation
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3 minSundar Pichai Introduces Google Gemini 2.0: A Leap into the Agentic AI Era
fintechIn November 2022, customers of crypto exchange FTX tried to withdraw their money and found they could not. The company was running short of funds, and within days it filed for bankruptcy. People who had trusted the platform to hold their cryptocurrency were left wondering how much they would get back.
energyItalian energy group Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources (AENR), to Apex Global Energy, further reducing its exposure to onshore oil operations in the country.
start-upsAngolan fintech CYTO has raised $40,000 as the country moves towards mandatory electronic invoicing, a change that could push more businesses to replace manual paperwork with software.
start-upsInvestable.Africa has launched in open beta, giving African founders access to a database of more than 4,000 investment firms while allowing investors to browse startup deal flow from all 54 African countries for free.
TechnologyGoogle has launched Google Wallet and Google Pay in Nigeria, allowing Android users with supported bank cards to make contactless payments in stores and pay through apps and websites.
energyAn Egyptian farmer who wants to replace a diesel pump with a solar-powered system could face a bill of around EGP 1 million for a 20 horsepower installation, according to NoorNation founder Ragy Ramadan.
start-upsTalent Nation, founded by Nigerian entrepreneur Iyinoluwa Aboyeji and South African-born entrepreneur Kesiah Valkin, has raised an undisclosed pre-seed round to train, certify and place African AI engineers with businesses worldwide.
motoringOmoda and Jaecoo have sold nearly 32,000 vehicles in South Africa. Now, their parent company, Chery, is preparing to build cars at its Rosslyn factory in Pretoria, raising a question for local businesses: how much of that production will create work for South African suppliers?
TechnologyNigerien engineer and entrepreneur Mamane Kabirou Ousseini has won the 2026 Africa Prize for Engineering Innovation, receiving £50,000 for Likita Care, a locally manufactured medical monitoring platform.
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