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Egypt Signs Offshore Gas Deal with TotalEnergies Amid Supply Pressure
Egypt has signed a new offshore gas exploration agreement with TotalEnergies as it looks for fresh supplies. The agreement follows declining production at the Zohr gas field. The deal, announced Wednesday, is with the state-owned Egyptian Natural Gas Holding Company (EGAS). It focuses on deepwater exploration in the Mediterranean off Egypt’s northwestern coast. The agreement
Namibia Extends Namcor Oil Exploration Licence as Farm Out Talks Continue
Namibia has granted state-owned oil company Namcor an extension on its petroleum exploration licence for PEL 102, an offshore block in the Lüderitz Basin where the company holds an 80% operating stake. According to reports published Tuesday by Upstream Online, the extension gives Namcor and its Canadian partner Stamper Oil & Gas which holds the
Gambia Sets Seven-Day Deadline for Illegal Internet Service Providers
Gambia’s telecommunications regulator has issued a seven-day deadline for illegal internet service providers to comply with existing regulations or face enforcement action. The directive, released on Tuesday, May 12 by the Public Utilities Regulatory Authority (PURA), applies to anyone offering Wi-Fi hotspots, reselling internet services, or providing public access without proper authorization. It follows a
Breaking News Today – Thursday 14 May 2026
African Start-up Breaking News: Business News Today Dangote Cement in Early Talks for Secondary London Stock Exchange Listing Nigeria’s Dangote Cement announced preliminary discussions for a secondary listing on the London Stock Exchange (LSE), potentially floating around 10% of the company's shares. The move, reviving plans from over a decade ago, aims to broaden access
FNB Launches Race-Based SME Assistance Programme
FNB LAUNCHES NEW ENABLEMENT PROGRAMME TO FAST-TRACK SME DIGITAL TRANSFORMATION – For Black Owned SME's Only When one considers the history of South Africa and the painful past that we have emerged from, it is always a concern when current policies and initiatives become fixated on racial profiling and particularly when there is such a
Kaspersky Expands Cyberattack Simulation for IT Organisations
Kaspersky has expanded its Kaspersky Interactive Protection Simulation (KIPS) with new cyberattack scenarios tailored for IT organisations. The update introduces simulations covering deepfake-enabled fraud, supply chain compromise, trusted relationship attacks and destructive wiper malware, aimed at helping businesses assess their readiness against increasingly complex threats. IT companies remain a prime target for cybercriminals. As attack
Ivorian Fintech Startup Cauridor Lands $2 Million Investment From Proparco
Proparco has invested $2 million in Cauridor, a fintech startup focused on cross-border payment infrastructure across Africa. The investment, announced at the Africa Forward summit held on May 11–12 in Nairobi, brings Cauridor’s total funding to $13 million since its launch in 2022 by Guinean entrepreneurs Oumar Barry and Abdoulaye Bah. The company plans to
Startup Fintech Company Chimoney Shuts Down Amid Scaling Challenges
Chimoney, a fintech startup that built a unified API for cross-border payments across 41 currencies, is shutting down. Founder and CEO Uchi Uchibeke confirmed the decision, ending the company’s four-year run. The Nigerian-Canadian startup served businesses across North America, Africa and Latin America, but raised less than $1 million over that period. According to Uchibeke,
TotalEnergies Extends Angola Offshore Investment to 2043
TotalEnergies has committed to a longer-term presence in Angola, agreeing to continue developing Block 32 one of the country’s largest ultra-deepwater oil assets through 2043. The extension adds another 17 years of production and investment. The agreement was formalised in Luanda on May 6 with the National Agency for Oil, Gas and Biofuels and covers
Tanzania Advances Kiswahili AI Model to Deepen Digital Access
The Government of Tanzania is moving ahead with the development of a Kiswahili-based language model as part of its national digital agenda. The announcement was made by Angellah Kairuki on April 30 during the presentation of the ministry’s 2026/2027 budget framework. The project is being led by the Tanzania ICT Commission, with a clear focus
Breaking News Today – Wednesday 13 May 2026
African Start-up News Headlines: Business News Today Trump Heads to Beijing With Major Business Entourage Us President Trump's visit to China today marks the will first by a US president in almost a decade. It will also be a key test of a fragile trade truce between the two global economic giants, following a spate
Eswatini Launches Startup World Cup to Connect Local Innovators to Global Investors
Entrepreneurs in Eswatini now have a chance to compete for a US$1 million investment following the launch of Startup World Cup Eswatini 2026. The competition links local startups to international investors, including those in Silicon Valley, and opens a pathway to global markets. Minister for Information, Communication and Technology, Savannah Maziya, launched the initiative at
Business School AI on a Budget: Free Tools That Help Build Bootstrapped Teams
African startups and scale-ups face intense pressure: razor-thin margins, explosive mobile-first growth via WhatsApp and e-commerce, and the need to compete with global players without venture capital safety nets. Bootstrapped business teams can’t afford $50–200/month SaaS subscriptions. Enter free AI tools with generous tiers or open-source foundations that deliver enterprise-grade automation in customer support, content
Congo Maps Digital Infrastructure to Manage Climate Risk
The Democratic Republic of the Congo has begun mapping its core digital infrastructure with support from the World Bank. The aim is to understand how exposed these systems are to climate and environmental risks. The work feeds into ongoing efforts to make the country’s digital infrastructure more reliable under changing conditions. Assessing Risks and Setting
South African Businesses Are Rethinking Who Controls Their Enterprise Technology
South African organisations are increasingly questioning whether major enterprise technology decisions should be driven by vendor timelines rather than business priorities. Pressure is growing to reduce costs, manage risk, and show clearer returns on technology investment. Businesses running platforms such as SAP, Oracle, and VMware are taking a closer look at support and upgrade models.
Choosing the Right Startup Funding for the Business At The Right Time
Startup funding is usually framed around venture capital, but that model doesn’t suit every business. In many cases, the pressure to grow quickly and deliver large returns doesn’t match how revenue comes in. As a result, founders are looking at other ways to fund their work options that are less visible but easier to manage
Breaking News Today – Tuesday 12 May 2026
African Start-up News Headlines: Business News Today New Cocoa Crop Funding Plan for Ghana Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers ahead of the 2026/2027 crop season, as the country seeks to overhaul how it finances and delivers cocoa to global buyers. The Ghana Cocoa Board
Africa Must Think in Grid-Scale Power to Compete in the Artificial Intelligence Economy
As AI infrastructure drives power demand into the gigawatt range, Africa must move beyond incremental energy planning – placing grid-scale generation at the center of discussions at African Energy Week 2026’s AI and Data Center Track Energy Scale in Africa Needs to Meet Rapidly Growing Demand The rapid expansion of artificial intelligence is fundamentally reshaping
Airtel Africa Delays Airtel Money IPO Amid Market Volatility
Airtel Africa has pushed back the planned IPO of Airtel Money to the second half of 2026, citing unstable market conditions linked to geopolitical tensions involving Iran, the United States, and Israel. The listing, initially expected in the first half of the year, will now move forward once conditions improve. The proposed London listing could
Startup Mondays: How to define your MVP properly
It is common practice in startups that, before building anything, the idea feels solid enough to move on. That’s when teams tend to rush. Product teams start adding features and structuring the product before deciding what they actually need to prove first. This is where an MVP comes in. An MVP, or Minimum Viable Product,