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Cameroon Seeks US Capital for $3bn Hydropower and Digital Projects
Cameroon is using its first bilateral Economic and Commercial Dialogue with the United States to seek US capital and expertise for major infrastructure projects. The portfolio includes the $3 billion Grand Eweng hydropower project, a proposed new airport for Douala and large-scale data and cloud infrastructure. The meeting is taking place in Yaoundé on August
Kenyan fintech Flowt is using AI to help small businesses get working capital
Kenyan fintech startup Flowt is using AI to assess small businesses for working-capital loans, using the financial information they already generate through banks, accounting systems and M-Pesa. The Nairobi-based startup has raised an undisclosed pre-seed round from Delta40 Fund I and Impacc, with grant support from the Argidius Foundation. Flowt was founded by Elana Laichena
Huawei Considers 4,000MWh Battery Storage Project in Egypt
Chinese technology group Huawei is considering battery energy storage facilities with a combined capacity of 4,000 megawatt-hours (MWh) in Egypt. The proposed project would include local production of battery energy storage systems and several utility-scale storage facilities connected to the national power grid. The proposal was discussed on 23 August 2026 during a meeting between
The Mining Wrap
Mining technology and investment remained active this week, with new equipment contracts, startup developments and project milestones emerging across the industry. Several major developments also point to continued investment in automation, processing and mine expansion. Mining Technology And Startups Booi Industries Develops Autonomous Underground Mining Systems South African mining tech startup Booi Industries is developing
Breaking News Today – Friday 28 August 2026
African Start-up News Headlines: Business News Today Global Coal Demand increasing Driving Prices Higher Coal prices have surged by over 6% today, moving towards the $140 per ton level this morning, and reaching a two-month high. This as growing global energy demand intersects with ongoing concerns over supply. Coal remains the world’s largest source of
Rwanda puts $1.6 million into electric transport
Rwanda has launched a $1.6 million project to support electric transport. The programme will run from 2026 to 2030.Rwanda’s environment authority launched the project on August 26. It will focus on electric mobility policy, demonstration projects and the wider use of electric vehicles. For small businesses, the programme could affect delivery costs and motorcycle operations.
Kenyan Startup Flowt Raises Pre-Seed Funding for Climate Smart Lending
Kenyan startup Flowt has closed an undisclosed pre-seed funding round to expand its AI-driven financial intelligence platform and provide working capital to climate-smart businesses in Africa. Founded by Elana Laichena, the Nairobi-based startup uses AI to analyse financial records and turn them into data that lenders can use to assess small businesses. The round was
AFC Capital Launches Climate Resilient Infrastructure Fund in Nigeria
AFC Capital Partners has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria), a new investment vehicle aimed at channeling capital from Nigerian institutional investors into climate-resilient infrastructure projects in Nigeria and across Africa. Announced in Lagos on August 24, 2026, the fund is registered with Nigeria's Securities and Exchange Commission as a closed-end investment fund.
Telviva launches Viva, a digital agent for South African businesses
Businesses still have staff spending their time answering the same questions, transferring calls and looking up information for customers. Telviva wants Viva to handle some of that work. The new digital agent can answer calls, respond to WhatsApp messages and access information from a company’s existing systems. The South African cloud communications company says it
NCBA and BasiGo team up to finance 1,000 electric vehicles in Kenya
Getting more electric vehicles onto Kenya’s roads is becoming less about whether the technology works and more about whether operators can afford to buy the vehicles. NCBA Group and electric mobility company BasiGo are now trying to make that part easier. The two companies have agreed to finance 1,000 electric vehicles, giving public transport operators,
Libya Signs Production-Sharing Deal With Chevron for Area 106
Libya’s National Oil Corporation (NOC) has signed a production-sharing contract with Chevron for Area 106, a 7,437-square-kilometre onshore exploration block in the Sirte Basin. The agreement formalises months of discussions between the two sides and follows Chevron’s selection as the preferred developer of the block in Libya’s first oil and gas licensing round in 17
Visa is testing stablecoins for cross-border payments in the DRC
Sending money from one African country to another can still be a frustrating process. There are different currencies, different payment systems and banks involved in moving the money. All of that can add time and cost to a transaction. Visa is now testing whether stablecoins can make some of that easier in the Democratic Republic
Nigerian Voice AI Startup Intron Launches Sahara v2.5 for African Languages
Nigerian voice AI startup Intron has launched Sahara v2.5, an updated voice AI platform designed to handle conversations where people switch between English, French and African languages. The release expands Sahara’s speech recognition, text-to-speech and voice-agent capabilities, taking its coverage to 31 African languages. Intron says the update is designed to improve accuracy when users
Djibouti Launches Digital Platform to Connect Job Seekers and Employers
Djibouti’s Ministry of Labor, responsible for Formalization and Social Protection, has launched Djibouti Emploi, a digital platform designed to connect job seekers, employers and public agencies. The ministry unveiled the platform on August 24, describing it as a single portal for employment-related services. It is intended to make it easier for companies to recruit workers,
Kenya is building a battery swapping network for electric motorcycles
For someone who makes a living from a motorcycle, keeping the bike running matters. A delivery rider cannot afford to spend hours waiting for a battery to charge. The same applies to motorcycle taxi drivers who need to keep moving to earn money. That is why SUN Mobility and Vivo Energy have started rolling out
Vwaza TV is taking a different approach to Africa’s streaming market
Getting an African film in front of an audience is one thing. Making money from it is another. That is the problem Vwaza Multimedia is trying to work on with Vwaza TV, its new streaming platform for African films, series and original productions. The Malawian company launched Vwaza TV on August 19. Instead of making
WorkKE is building a marketplace for Africa’s freelancers and skilled workers
There are plenty of skilled people in Africa looking for work. The problem is that having a skill does not always mean you know where to find the next customer. That is the gap Kenyan startup WorkKE is trying to address. Founded in 2025 by Kennedy Mokaya Asiago, WorkKE has built an online marketplace where
A diverted tuition payment led to a $450 million remittance business
Jones Amegbor did not set out to build a $450 million remittance business. The idea started with a tuition payment that never reached the university. In 2010, Amegbor was working at a bank when he needed to pay university fees for a family member. He could not leave work to visit an agent, so he
Ventures Platform raises $84 million for its second African venture fund
Ventures Platform has closed its second institutional fund at $84 million. The fund gives the African venture capital firm more room to put larger amounts of money into the startups it backs. The new fund, called VP Pan-African Fund II, is about 1.8 times larger than the firm’s first institutional fund. That fund closed at
How SMEs can register a business in Burkina Faso
Starting a business in Burkina Faso does not have to mean spending days moving between different government offices. The country has a one-stop system, the Centre de Formalités des Entreprises (CEFORE), where entrepreneurs can handle most of the main steps needed to register a business. For an SME owner, the process starts with choosing how