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    The Commoditisation of LLMs Is Driving a Spree of Micro-AI Acquisitions

    Large language models can scrape the web, but they can't replicate deep domain expertise. From Cairo cold-emails to Cape Town acqui-hires, tech giants are paying up to buy niche capabilities.

    IFC Eyes $90M Equity Stake in Airtel Money as London IPO Gathers Momentum

    World Bank arm joins proposed listing of African fintech processing $245bn annually.
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    Nigeria’s Central Bank Delays Binance Executive’s Trial

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    Sanofi Invests in Kasha Global to Boost Healthcare Access in Africa

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    Kenya’s Chpter Raises $1.2 Million to Expand E-commerce Platform

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    ‘We Were Targeting Markets in America and the UK, Thinking They Were Bigger’ — SWVL Founder on Failed Acquisitions

    "It’s not about copying — it’s about executing better and making something extraordinary out of it."

    $455M Disgorgement: US Court Slams Nigerian Fintech Founder in Securities Fraud Ruling

    The defendants failed to respond to the complaint, leading to the Clerk of Court entering a default judgment on June 18, 2024.

    Kredete Secures $2.25M to Empower African Immigrants with Credit Building and Low-Cost Transfers

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    Gabon Denies Authorizing $5B Fundraising by Cameroonian Fintech Yunus SA

    The 3,280 billion CFA francs claimed by Yunus SA represents nearly 79% of Gabon’s state budget for 2024, which is set at 4,162 billion CFA francs.

    Ampersand Secure New Funding to Accelerate Electric Motorcycle Expansion in East Africa

    Ampersand, the Nairobi-based electric transport energy company, has announced a major financial boost with...

    MTN Fintech Unit’s Latest Board Shake-Up: A Sign of IPO Ambitions?

    “These appointments align with the focus of accelerating growth, completing the structural separations, and bringing in value-adding strategic partners into the shareholder bases of these businesses over the medium-term.”

    DOB Equity Appoints Local Talent to Replace Resigned CEOs After Failed Investments

    The challenges Karen inherits are substantial. The resignation of her predecessors and the recent financial struggles within DOB Equity’s portfolio have prompted questions about the firm’s future direction.

    $100K Up for Grabs: Timbuktoo HealthTech Hub Seeks Startups in African Healthcare

    The accelerator program is open to startups focused on a wide range of health technology areas.

    Latest articles

    The Commoditisation of LLMs Is Driving a Spree of Micro-AI Acquisitions

    Large language models can scrape the web, but they can't replicate deep domain expertise. From Cairo cold-emails to Cape Town acqui-hires, tech giants are paying up to buy niche capabilities.

    IFC Eyes $90M Equity Stake in Airtel Money as London IPO Gathers Momentum

    World Bank arm joins proposed listing of African fintech processing $245bn annually.

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

    The Field Is Not Level

    Ray Langa, Group CEO, Leagas Delaney, writes from South Africa