Funding
Moove raises $250M Series C, valuation reaches $2.1B
The Nigerian mobility fintech has more than doubled its valuation to $2.1 billion as it accelerates vehicle financing across emerging markets.
Global
Kenya Draws AI, Data Centre, and Fintech Bets in One Week
NTT Data, Airtel's Nxtra, and a Carrefour-KCB-Mastercard alliance each made Kenya a pivot point for enterprise technology and consumer finance in the same news cycle.
Funding
Nigeria targets $50B offshore oil push across 22 deepwater projects
The NUPRC has approved over $57 billion in Field Development Plans since 2024, betting regulatory reforms under the Petroleum Industry Act can reverse a decade of capital flight to Guyana, Namibia, and Brazil.
Business
Buffett Cuts Gates Foundation From $6B Gift After 20 Years
Warren Buffett redirected nearly $6 billion away from the Bill & Melinda Gates Foundation for the first time since 2006, just as Bill Gates doubles down on a $200 billion, Africa-focused spending pledge.
Global
Emirates Expands Africa Footprint via SAA Partnership
A codeshare deal with South African Airways opens nine new African destinations for Emirates, deepening the Gulf carrier's bet on the continent's aviation growth.
The Brief
Funding
Coronation Insurance Raises ₦9.2B to Meet Nigeria's New Capital Floor
Coronation Insurance and its life unit cleared NIIRA 2025's recapitalisation threshold, completing a sector-wide overhaul that reshaped Nigerian insurers' balance sheets.
Global
African Banks Face a Triple Modernisation Test: QA, AI Fraud, and Trust
Three converging pressures — legacy quality assurance, agentic AI fraud, and eroding customer trust — are forcing African banks to retool faster than their technology roadmaps planned.
The Money
Deal Tracker →Series C
$250M
Moove
Fintech · Nigeria
Growth
₦9.2B
Coronation Insurance / Coronation Life Assurance
Insurance · Nigeria
Debt
R5.4bn
Standard Bank
Fintech · South Africa
Growth
$250M
Moove
Logistics · Nigeria
Series C
$250M
Moove
Mobility · Nigeria
Growth
N20bn
Coronation Infrastructure Fund
Infrastructure · Nigeria
The nook Brief
The whole continent, in one morning read.
Tech, the politics that shapes business, and the money moving Africa — synthesized and sent to your inbox. Free.