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Bank of Ghana Gives Banks Until December to Cut Bad Loans to 10%
The Bank of Ghana has renewed its demand that commercial banks reduce their nonperforming loan (NPL) ratio to 10% by December 2026, as lenders continue efforts to recover outstanding debt and strengthen their balance sheets.
Old Mutual Namibia Opens N$130,000 Entrepreneurship Competition
The Old Mutual Foundation has opened applications for the 2026 edition of its OM SEED entrepreneurship programme, offering Namibian entrepreneurs a chance to compete for N$130,000 in prize money and receive business development support.
Moroccan Agritech Startup YoLa Fresh Shuts Down After Failing to Secure Funding
Moroccan agritech startup YoLa Fresh has ceased operations after failing to secure the funding needed to continue its business, bringing its attempt to modernise the country’s fresh-produce supply chain to an end less than three years after launch.
Has African Mining-Tech Startup Innovation Stalled?
Promising mining-tech startup ideas still need access to mines. Developing an AI tool for mineral exploration or technology that improves mineral processing is one thing. Getting a mining company to test it, pay for it and use it in its operations is another.
Uganda’s Transify Launches Financial Governance Software for SMEs and NGOs
Ugandan startup Transify has launched a financial governance platform aimed at small businesses, NGOs and schools that need better control over how they spend and account for money.
Start Up Mondays : Preparing Your Small Business for Slow Payment Periods
Every small business has that light-bulb moment. A bigger contract lands, orders start coming in faster than expected, or a new customer opens the door to a bigger market. After months of chasing opportunities, the business is finally gaining traction.
Everlectric Exits Vumela Fund After Scaling Electric Fleet Business
South African electric vehicle company Everlectric has completed its exit from the Vumela Fund, following a venture debt investment that helped the business expand its commercial electric vehicle fleet and take on larger contracts.
OPay Plans Nigerian Exchange Listing Alongside Proposed US IPO
Nigerian focused fintech OPay has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX), adding a local market to its plans for an initial public offering (IPO) in the United States.
CapitalSage Acquires Chimoney Months After Shutdown
CapitalSage Vantage Limited, a subsidiary of CapitalSage Holdings, has completed its acquisition of Chimoney, a Nigerian-founded payments startup that suspended operations in May 2026 after running out of capital.
Founder Fridays : Katibu
Business software is supposed to make work easier. But for Mbatia Muniu, experience in software development showed him that even when companies have systems designed to handle their operations, employees can still end up doing tasks manually because the technology is too complicated to use.
Anthropic Offers Startups Free Claude Access and $1,000 in AI Credits
Anthropic has expanded its Claude for Startups programme, offering eligible early-stage companies one year of free access to Claude Team for up to five users, alongside $1,000 in credits to build applications using its AI models.
Kredete Acquires South African Crypto Asset Licence to Expand Stablecoin Services
Kredete, a cross-border payments platform, has acquired an entity holding a Crypto Asset Service Provider (CASP) licence issued by South Africa’s Financial Sector Conduct Authority (FSCA). The all-share transaction was completed through a subsidiary focused on stablecoin infrastructure and digital asset development.
Congo’s CORAF Refinery Moves Into Engineering Phase for Modernisation
The Republic of Congo has moved ahead with plans to modernise and expand its only oil refinery, Congolaise de Raffinage (CORAF), four years after the project was first announced
South Africa Launches FuturePHARMA to Expand Local Drug Manufacturing
South Africa has launched CSIR FuturePHARMA, a new platform aimed at strengthening pharmaceutical research, vaccine development and local medicine production.
The Mining Wrap
This week’s Mining Wrap covers critical minerals negotiations, geological mapping, equipment investments and responsible mineral sourcing, alongside new technologies for fleet management, mine safety and environmental monitoring.
Zimbabwean Entrepreneurs Raise $2 Million for AI Data Startup Ocular AI
Zimbabwean entrepreneurs Michael Moyo and Louis Murerwa have raised $2 million in pre-seed funding for their artificial intelligence startup, Ocular AI.
Cape Verde Reviews Fuel-Price Mechanism After October Increase
Cape Verde is looking at changes to the way it manages fuel prices after a steep increase in the cost of petroleum products pushed regulated prices higher in October.
Six African Startups Win $400,000 in FINCA Ventures Funding
Six African startups have won a combined $400,000 in catalytic funding through the 2026 FINCA Ventures Prize Competition, with the grants targeting businesses working in financial inclusion and sustainable agriculture.
Google Selects 15 South African Startups for 2026 AI Accelerator
Google has selected 15 South African-led startups for its 2026 Google for Startups Accelerator: South Africa programme after receiving 1,057 applications.
Cameroon Launches AfDB-Backed Initiative to Boost Small-Scale Cross-Border Trade
Cameroon has launched a new project aimed at strengthening cross-border trade, improving border management and supporting economic activity along key trade corridors connecting the country with the Central African Republic.