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Cell C reports 5.7 million MVNO subscribers and R4.2 billion profit in its first results since JSE listing.

Technext • Aug 21, 2026

South African telecoms operator Cell C reported its first full-year financial results since its November 2025 JSE listing, showing strong growth in its wholesale business.MVNO subscribers using Cell C's network grew 27.3% year-on-year to 5.7… Read full article →

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PENGASSAN warns that frequent alterations to Nigeria's Petroleum Industry Act threaten investor confidence and regulatory stability.

AllAfrica Business • Aug 21, 2026

PENGASSAN President Festus Osifo criticized the federal government's use of executive orders to alter provisions of the 2021 Petroleum Industry Act (PIA).The union highlighted the relocation of key fiscal provisions from the PIA to the… Read full article →

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Kenya's electoral commission suspends multi-million dollar procurement tenders for election technology and ballot papers following a legal review request.

AllAfrica Business • Aug 21, 2026

The Independent Electoral and Boundaries Commission (IEBC) has temporarily frozen major international tenders for the upcoming 2027 General Election.The freeze follows a formal request for review lodged by an undisclosed party before Kenya's Public Procurement… Read full article →

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Africa-founded stablecoin infrastructure startup Blockradar surpasses $1 billion in transaction volume across more than 20 countries.

BitcoinKE • Aug 21, 2026

Blockradar, a wallet-as-a-service provider, announced on August 20, 2026, that it has crossed $1 billion in total transaction volume.The platform's infrastructure supports hundreds of fintechs across more than 20 countries, enabling stablecoin services like cross-border… Read full article →

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Aliko Dangote offers East African nations a 30% stake in his planned $17 billion oil refinery in Kenya.

Nairametrics • Aug 21, 2026

Nigerian billionaire Aliko Dangote has offered East African countries a combined 30% equity stake, worth roughly $1.5 billion, in a planned $17 billion refinery in Lamu, Kenya.Kenya plans to take a 10% stake worth $500… Read full article →

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AgDevCo Ventures secures a $49 million first close to provide early-stage financing to agribusinesses across East Africa.

AllAfrica Business • Aug 21, 2026

Nairobi-based AgDevCo Ventures raised a $49 million blended finance vehicle targeting early-stage East African farming and food-processing SMEs.The vehicle combines $28 million in equity from AgDevCo, $10 million in subordinated debt from IFAD, and $11.25… Read full article →

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NAICOM licenses seven additional insurance companies after they meet new minimum capital requirements under its reform agenda.

Vanguard (Business) • Aug 21, 2026

The National Insurance Commission (NAICOM) has issued new licenses to seven additional insurance companies verified as compliant with the minimum capital requirement under the Nigerian Insurance Industry Reform Agenda (NIIRA 2025).The licensed operators are emPLE… Read full article →

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AEW 2026 to Explore Africa’s Shift from Local Content Participation to Industrialization

AEW 2026 • Aug 21, 2026

As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase.Developments across… Read full article →

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Nigeria's SEC has proposed rules requiring crypto firms to register, meet high capital demands, and share transaction data.

TechCabal • Aug 20, 2026

The Securities and Exchange Commission (SEC) proposed rules requiring all virtual asset operators targeting Nigerian users to register, even if based outside the country.Under the draft, regulated firms must provide the SEC with electronic or… Read full article →

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MTN Nigeria and partners launch the N10 million 2026 PachiPanda Challenge to fund youth-led green technology ventures.

Business AM • Aug 20, 2026

MTN Nigeria, alongside UNDP Nigeria, Deloitte Nigeria, and the Nigerian Conservation Foundation, has increased the PachiPanda prize pool to N10 million.The overall winner will receive N5 million, while the first and second runners-up will be… Read full article →

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Nigeria will launch its 90,000-kilometer nationwide fibre-optic network rollout in October to expand digital connectivity.

Nairametrics • Aug 20, 2026

The Federal Government of Nigeria announced that implementation of the 90,000-kilometer fibre-optic network will commence in October.The network aims to connect 20 million underserved citizens, utilizing NigComSat's satellite technology in areas where physical telecom towers… Read full article →

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Invest Kenya and the East Africa Venture Capital Association partner to boost private capital inflows and improve investor readiness.

AllAfrica Business • Aug 20, 2026

The Kenya Investment Authority (Invest Kenya) and the East Africa Venture Capital Association (EAVCA) have signed a strategic partnership to promote Kenya as East Africa's leading investment hub.The collaboration will focus on joint investment missions,… Read full article →

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South African asset manager Westbrooke has deployed R750 million into local founder-led and family-owned mid-market businesses.

Innovation Village • Aug 20, 2026

Westbrooke invested over R750 million ($46.5 million) across several privately held, mid-market South African companies.The funding targets three areas: an equipment rental firm, a family-owned retailer/distributor, and a Western Cape industrial real estate group. Read full article →

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Absa Bank Kenya partners with Simba Corporation to offer flexible financing of up to 100% for vehicles and machinery.

Techmoran • Aug 20, 2026

Absa Bank Kenya and Simba Corporation signed an MoU to finance commercial vehicles, passenger cars, and agricultural equipment.The agreement allows SMEs and individuals to access up to 95% financing (100% for school buses) with repayment… Read full article →

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Safaricom Ethiopia is upgrading 67 network sites and adding 16 new 4G sites to manage rapid customer growth.

Innovation Village • Aug 20, 2026

Safaricom Ethiopia is upgrading 67 existing network sites in its Southern Region to address customer complaints regarding network congestion and unreliable power.The operator has also added 16 new fibre-backhauled, 5G-ready 4G sites in previously uncovered… Read full article →

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Ghana's SEC expands its crypto regulatory sandbox to 20 firms, targeting tokenised traditional assets and crypto services.

BitcoinKE • Aug 20, 2026

The Securities and Exchange Commission of Ghana (SEC Ghana) added nine new firms to its virtual asset sandbox, bringing the total participants to 20.New entrants like Yellow Card Ghana, GFX Brokers, and WeWire Ghana are… Read full article →

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Kenya partners with the UK to build operational and technical capabilities for its newly established National Cybersecurity Agency.

Innovation Village • Aug 20, 2026

Kenyan and British officials met in Nairobi to establish technical cooperation between Kenya's National Cybersecurity Agency and the UK's National Cyber Security Centre.The partnership targets operational capabilities, digital forensics, and AI tools to counter misinformation,… Read full article →

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Invest Kenya and EAVCA partner to attract private capital and boost the country's startup ecosystem.

Capital FM Business Kenya • Aug 20, 2026

The Kenya Investment Authority (Invest Kenya) and the East Africa Venture Capital Association (EAVCA) have signed a strategic partnership in Nairobi.The collaboration aims to mobilize domestic and international financing through joint investment roadshows, market intelligence… Read full article →

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Nigerian inventor Khalifa Aminu develops Glass V2, AI-powered smart glasses helping visually impaired users navigate safely.

IndexPrima • Aug 20, 2026

Twenty-year-old Kano-based inventor Khalifa Aminu has developed 'Glass V2', an AI-powered wearable combining sensors, GPS, and voice prompts to assist blind users.The device evolved from a 2023 prototype built with self-taught skills and locally sourced… Read full article →

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Zijin Gold has acquired a 9.2% stake in Allied Gold, securing exposure to Ethiopian and West African mines.

AllAfrica Business • Aug 20, 2026

Chinese mining company Zijin Gold International acquired a 9.2% stake in Canadian miner Allied Gold for nearly $300 million.The transaction gives Zijin exposure to the Kurmuk gold project in Ethiopia's Benishangul-Gumuz Region, which is set… Read full article →

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Starlink urges South African regulators to ease black ownership rules to clear the way for its local launch.

Technext • Aug 20, 2026

SpaceX's Starlink has requested that ICASA relax or find alternatives to the 30% equity ownership requirement for historically disadvantaged groups during spectrum regulation reviews.Ryan Goodnight, SpaceX's Senior Director, argued that Starlink's global structure cannot accommodate… Read full article →

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President Tinubu has directed legally cleared EFCC cash recoveries and unclaimed dividends to fund the Nigerian Education Loan Fund.

Premium Times • Aug 20, 2026

Minister of Education Tunji Alausa announced that President Bola Tinubu directed the transfer of cleared Economic and Financial Crimes Commission (EFCC) liquid recoveries to NELFUND.Unclaimed dividends from the Capital Market Trust Fund and Dormant Account… Read full article →

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Co-operative Bank of Kenya issues a 40-day notice to auction Sony Sugar's property over an unpaid KSh 862.3 million debt.

Capital FM Business Kenya • Aug 20, 2026

Co-operative Bank of Kenya has given South Nyanza Sugar Company (Sony Sugar) 40 days to clear its outstanding debt of KSh 862.3 million.The bank intends to exercise its statutory power of sale over Land Reference… Read full article →

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South African telecom Comsol secures multibillion-rand funding to roll out a nationwide wholesale 5G broadband network by 2026.

Technext • Aug 20, 2026

South African telecommunications provider Comsol has secured an undisclosed multibillion-rand investment to deploy a national wholesale 5G broadband network.Led by CEO Iain Stevenson, the company has started rolling out infrastructure reaching 1 million households, aiming… Read full article →

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South African communications provider Telviva launches Viva, a locally hosted AI digital agent for enterprise customer service.

IT News Africa • Aug 20, 2026

Unified communications firm Telviva has launched 'Viva', a conversational voice and text-based digital AI agent tailored for South African businesses.The system operates across Voice and WhatsApp South Africa's primary business communication channels and scales across… Read full article →

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South Africa's Absa plans to upgrade its Nigerian representative office to a merchant bank to expand corporate financial services.

Technext • Aug 19, 2026

Absa intends to transition its representative office in Nigeria into a fully operational merchant bank to tap into the country's corporate sector.The bank seeks to diversify its revenue, as South Africa, Kenya, and Ghana generated… Read full article →

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Japan commits N20 billion to upgrade the Apapa Transmission Substation and improve electricity supply in Lagos, Nigeria.

Nairametrics • Aug 19, 2026

The Government of Japan, through the Japan International Cooperation Agency (JICA), is investing N20 billion to rehabilitate and expand Nigeria's national electricity grid.The funded project targets the expansion and upgrade of the Apapa Transmission Substation… Read full article →

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KCB Group launches a KES 300 billion sustainability bond framework to finance green, blue, and social projects.

Capital FM Business Kenya • Aug 19, 2026

Kenya's KCB Group plans to raise up to KES 300 billion ($2.3B equivalent) over five years through a Medium Term Note Programme.The funds will target sustainable agriculture, renewable energy, affordable housing, and blue economy projects… Read full article →

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Exits MENA acquires Avanz Capital Egypt to expand investment and advisory services for high-growth regional startups and SMEs.

Innovation Village • Aug 19, 2026

Investment platform Exits MENA secured initial approval from Egypt's Financial Regulatory Authority to acquire asset management firm Avanz Capital Egypt.The acquired firm will rebrand as Exits Manara, maintaining its current leadership team led by CEO… Read full article →

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The FCCPC orders businesses to immediately withdraw improperly labelled consumer goods from the Nigerian market or face enforcement action.

Nairametrics • Aug 19, 2026

The Federal Competition and Consumer Protection Commission (FCCPC) issued a public advisory on August 19, 2026, targeting non-compliant goods.The directive requires manufacturers, importers, and retailers to immediately audit inventories and withdraw non-compliant items to avoid… Read full article →

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