Tuesday, May 26

Technology

Cutstruct raises $2.4 Million to become Nigeria’s one-stop shop for construction materials
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Technology

Cutstruct raises $2.4 Million to become Nigeria’s one-stop shop for construction materials

Solving Procurement Challenges for Developers with a One-Stop Digital Platform For many developers in Nigeria, sourcing construction materials is one of the biggest bottlenecks in the building process. The traditional approach, dealing with multiple vendors for different materials, often leads to delays, cost overruns, and, in worst-case scenarios, substandard products that compromise the integrity of a project. That’s where Cutstruct comes in, making procurement simpler, faster, and far more efficient. As Nigeria’s leading construction materials marketplace, Cutstruct is reimagining how developers and contractors source everything they need to build. Instead of juggling multiple suppliers, developers now rely on one trusted partner for all materials, from cement and steel to roo...
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Seeds & Pennies secures $1.1 million in strategic funding to scale retail lending, empower women across Nigeria, and launch disruptive BNPL offerings
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Technology

Seeds & Pennies secures $1.1 million in strategic funding to scale retail lending, empower women across Nigeria, and launch disruptive BNPL offerings

Seeds & Pennies, the retail lending subsidiary of Liberty Assured, has announced the successful raise of $1.1 million (N1.7 billion) in debt funding. This capital injection fuels the company’s mission of delivering inclusive credit to underserved Nigerians—especially women-led microbusinesses—and introduces new Buy Now, Pay Later (BNPL) products focused on asset acquisitions for MSMEs, mobile device financing, and a ‘Rent Now, Pay Later’ service in pilot phase. The funding round, capped by a recent $425,000 (N680 million) inflow, underscores investors’ confidence in Seeds & Pennies’ field-driven lending model. Over this quarter alone, the fast-growing lender recorded $625,000 (N1 billion) in collections and disbursed $500,000 (N800 million) in new loans. “This is more th...
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Middle East’s Leading AI Powerhouse TII Launches Two New AIModels: Falcon Arabic – the First Arabic Model in the Falcon Series& Falcon-H1, a Best-in-Class High-Performance Model
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Technology

Middle East’s Leading AI Powerhouse TII Launches Two New AIModels: Falcon Arabic – the First Arabic Model in the Falcon Series& Falcon-H1, a Best-in-Class High-Performance Model

Falcon Arabic: In addition to English and European-origin languages, Falcon nowintegrates Arabic - expanding its reach across the Arabic-speaking world as the region’sbest-performing Arabic AI modelFalcon-H1 redefines performance and portability, outperforming Meta’s LLaMA andAlibaba’s Qwen to enable real-world AI on everyday devices and in resource-limitedsettings The UAE’s Technology Innovation Institute (TII), the applied research arm of Abu Dhabi’sAdvanced Technology Research Council (ATRC), today unveiled two major AI advancements:Falcon Arabic, the first-ever Arabic language model in the Falcon series - now the best-performing Arabic AI model in the region - and Falcon H1, a new model that redefinesperformance and portability through a new architectural design. In the small-to-med...
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Technology Innovation Institute and AI71 Collaborate with AmazonWeb Services to Scale AI Innovations in the UAE and Beyond
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Technology

Technology Innovation Institute and AI71 Collaborate with AmazonWeb Services to Scale AI Innovations in the UAE and Beyond

The collaboration will expand global access to TII’s Falcon models and AI71’senterprise AI products, with a focus on access, privacy, and automation tailored to industry needs Abu Dhabi’s Technology InnovationInstitute (TII), the creator of the globally ranked Falcon series of AI models and security andprivacy solutions, as well as AI71, a leading Abu Dhabi AI company delivering tailoredenterprise products, are collaborating with Amazon Web Services (AWS) to expand access tomade-in-the UAE AI models and solutions.By combining TII’s technical expertise in large language models (LLMs), AI71’s expertise inbuilding advanced AI agents, and world-leading cloud-based AI and machine learning servicesfrom AWS, professionals worldwide will gain streamlined access to Falcon and customized AIsoluti...
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Top 10 countries leading Africa’s Startup ecosystem in 2025
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Top 10 countries leading Africa’s Startup ecosystem in 2025

Africa’s startup ecosystem has experienced a profound transformation in recent years, propelled by innovation, increased investment, and the rapid expansion of the digital economy. As of 2025, Africa is steadily establishing itself as a global hotspot for Startups and entrepreneurial activity, with a number of ecosystems making significant strides in both scale and sophistication. The Global Startup Ecosystem Index by StartupBlink, published annually since 2017, ranks 1,473 cities and 118 countries worldwide, providing a comprehensive overview of the global startup landscape. The data showing Startup growth globally reveals that Asia–Pacific leads all regions, expanding by +27.4%. Europe follows at +26.2%, with the Middle East & Africa close behind at +24.9%. The ...
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Ghana’s Wahu Mobility Seals Landmark Carbon Credit Deal with Switzerland
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Ghana’s Wahu Mobility Seals Landmark Carbon Credit Deal with Switzerland

Ghanaian electric bike startup Wahu Mobility has struck a carbon credit deal with Switzerland — only the second global e-mobility transaction under the nascent Article 6 carbon market of the Paris Agreement. Why it matters The deal could accelerate Africa’s role in the global carbon market while enabling cleaner transport solutions for thousands of local delivery riders. “This authorization marks a pivotal moment for Wahu Mobility and Africa’s e-mobility sector,” said CEO Valerie Labi. Details Wahu plans to deploy 117,000 e-bikes over the next five years. The project targets 752,684 tons of CO₂ equivalent in avoided emissions by 2030. These avoided emissions will be packaged into carbon credits (aka ITMOs) and sold to Switzerland. The project took two years to...
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Industry Leaders and Investors Convene at Africa Tech Summit London to Unlock Global Capital for African Tech Ventures
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Technology

Industry Leaders and Investors Convene at Africa Tech Summit London to Unlock Global Capital for African Tech Ventures

The 9th Africa Tech Summit London, taking place at the London Stock Exchange on June 6th 2025, aims to facilitate access to global capital for African tech ventures. Supported by partners including Amazon Web Services, London Stock Exchange, Fincra, Flutterwave, Tola Mobile, Bank of America, the UK Department for Business and Trade, Payaza Africa, Wimbart, and TLP Advisor, the summit is set to welcome over 350 investors, founders, and industry leaders to discuss how African ventures can scale globally, navigate new economic realities, and unlock funding. High level speakers from organizations playing a significant role in accelerating investment flows across Africa including; Helios Investment Partners, Cassava Technologies, Novastar Ventures, Deloitte, Goodwin, and Catalyst Fund, wi...
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AHS to Launch $750 Million Casa AHS on Dubai Water CanalWith a robust pipeline, AHS Properties aims to reach a GDV of $5 billion
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AHS to Launch $750 Million Casa AHS on Dubai Water CanalWith a robust pipeline, AHS Properties aims to reach a GDV of $5 billion

AHS Properties, the UAE’s leading ultra-luxury real estate developer, has announced the launch of Casa AHS, a landmark waterfrontdevelopment valued at $750 million (AED 2.75 billion). Set along the prestigious DubaiWater Canal, the project redefines elite urban living with a curated collection of exceptionalresidences.Casa AHS is designed as a rare blend of architectural brilliance and branded elegance. Thedevelopment is crafted by acclaimed architect Shaun Killa, with interiors by the renownedHBA Residential—redefining grandeur with expansive layouts, double-height ceilings (upto 12 meters), and awe-inspiring views of the Dubai Water Canal and Safa Park.Commenting on the launch, Abbas Sajwani, Founder and CEO of AHS Properties, said:“With Casa AHS, we are creating more than just homes, we...
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Chowdeck Introduces Customer Rewards and Rider Training Program to Enhance On-Demand Delivery Experience in Ghana
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Chowdeck Introduces Customer Rewards and Rider Training Program to Enhance On-Demand Delivery Experience in Ghana

To officially launch its operations in Ghana, Chowdeck, Africa’s leading on-demand delivery service, has introduced its market-leading customer rewards scheme and a comprehensive rider training program, designed to equip its team of riders with the skills they need to deliver faster, safer and more reliable service to customers. Riders were trained on key areas such as professionalism, effective app usage, customer service and delivery quality. They were also introduced to Rider Games - a performance-based incentive system that rewards them with cash bonuses for completing a set number of orders. Riders can also access up to GHS1,000 in loans depending on their activity. The training program will be delivered periodically to ensure that the highest standards are maintained as Chowdeck c...
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Africa’s Leading Fintech – Moniepoint – Ranked by the Financial Times as One of Africa’s Fastest Growing Companies, for the Third Consecutive Year
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Technology

Africa’s Leading Fintech – Moniepoint – Ranked by the Financial Times as One of Africa’s Fastest Growing Companies, for the Third Consecutive Year

World’s leading financial publication reiterates Moniepoint’s rapid growth and impact LONDON--(BUSINESS WIRE/AETOSWire)-- Moniepoint Inc. (“the Company” or “Moniepoint”), announces it has been ranked by the Financial Times as one of Africa’s fastest-growing companies for the third consecutive year, reinforcing its rapid growth as one of the continent's leading financial institutions for Africans, everywhere. The recognition highlights Moniepoint’s continued ability to achieve strong, scalable growth. In a market where few companies successfully balance size with agility, Moniepointdistinguishes itself by maintaining operational efficiency while accelerating its expansion across the continent. The world’s leading financial publication confirmed&nb...
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