Breaking News Today - Friday 23 October 2026

Your Daily Business News and African Startup News Update

Greg Stewart23 Oct 2026Read

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sme-s

Before Your SME Accepts a Big Order, Check What It Will Cost

Winning a new customer is good news for a small business. But if the cost of delivering the work is higher than expected, a busy month can still leave the business short of money.

Vutomi Manzini·23 Oct 2026

start-ups

Nigeria Leads Africa’s Startup Funding With $635 Million Raised in Nine Months

Nigeria has reclaimed its position as Africa’s largest startup funding destination, attracting $635 million between January and September 2026, according to investment tracker Africa: The Big Deal.

Roy Mulenga·23 Oct 2026

Technology

Donald Valoyi’s journey from Limpopo to the technology behind Checkers Sixty60

Zulzi started as an online shopping business. Its work with Shoprite would later put the company behind parts of the technology powering one of South Africa’s biggest grocery delivery services.

Vutomi Manzini·23 Oct 2026

fintech

Ezeebit Launches WalletConnect Pay at 13 South African Hotel Locations

South African cryptocurrency payments company Ezeebit has launched WalletConnect Pay in the local market, enabling businesses to accept cryptocurrency and stablecoin payments online and in physical stores.

Roy Mulenga·23 Oct 2026

fintech

Coast raises $35 million as businesses look for better ways to manage company spending

A company credit card can make life easier for employees who need to buy supplies, pay for fuel or settle a bill while working away from the office. For the person handling the accounts, however, every purchase leaves another transaction to check.

Vutomi Manzini·23 Oct 2026

Technology

Canva Launches Its Own AI Image Model to Compete With OpenAI and Google

Canva has launched Canva Craft, its first in-house image-generation model, giving the design platform greater control over how artificial intelligence creates images, handles text and follows layout instructions.

Roy Mulenga·23 Oct 2026

start-ups

Dar Blockchain Launches Web3 Incubator for 18 Startups

Dar Blockchain and its partners have launched a Web3 incubation programme to help 18 selected ventures turn blockchain prototypes into businesses ready to attract investors. The programme runs from October 2026 to January 2027, with the organisers targeting at least five seed-ready companies by January.

Roy Mulenga·23 Oct 2026

Entrepreneurship Workshop in a Modern Lounge

start-ups

MARL Selects Three Nigerian Startups for $150,000 Global Accelerator Funding

Three Nigerian startups Solarcorp, Bravoo and Zendtrax have been selected for the 14th cohort of the MARL global accelerator, with each company set to receive $50,000 in funding.

Roy Mulenga·23 Oct 2026