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Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.

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OPay processes $358B in gross transaction value in 2025, returning to profitability ahead of a $4B US IPO.

Innovation Village • Aug 13, 2026

OPay's gross transaction value reached $358 billion in 2025, representing a 115% increase from $166.2 billion in 2024.The company's revenue surged 161% to $536.3 million, helping it swing from a $35.1 million operating loss to… Read full article →

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Mobility fintech Naran raises $10 million to expand its rent-to-own vehicle financing across Africa and Latin America.

Technext • Aug 13, 2026

Founded in 2025 by former Yango executives, Naran secured $10 million in equity and debt from UAE-based Landel.The startup offers a rent-to-own model (12 to 60 months) for cars and motorcycles, partnering with platforms like… Read full article →

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PenCom threatens to sanction Pension Fund Administrators as only 17% of legacy retirement savings accounts have been recaptured.

Vanguard (Business) • Aug 14, 2026

The National Pension Commission (PenCom) announced in its Q1 2026 report that only 1.48 million out of 8.72 million legacy Retirement Savings Accounts have been recaptured since August 2019.PenCom plans to transition the data update… Read full article →

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Absa Group sells its Kenyan insurance stakes to a politically linked local investment firm for over KSh 3.8 billion.

Innovation Village • Aug 14, 2026

Absa Group agreed to sell its entire 63.32% stakes in First Assurance Company Limited and Absa Life Assurance Kenya Limited to First Assurance Investments Limited (FAI). Read full article →

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Development Finance, Advisory and Research Leaders Join Power Africa Today at AEW 2026

AEW 2026 • Aug 14, 2026

The institutional architecture around African power investment has grown considerably more sophisticated in recent years, with multilateral lenders, specialized blended finance vehicles, global law firms and energy research houses all playing active roles in how… Read full article →

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Jumia raises $50 million from the IFC and Axian to strengthen its logistics and push toward 2027 profitability.

Techmoran • Aug 12, 2026

The $50 million equity round includes a $25 million investment from the IFC, with Axian and other investors contributing the remaining $25 million by purchasing 9.1 million shares at $5.52 each. Read full article →

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Lasaco Assurance lists over 9.2 billion shares on the Nigerian Exchange after raising N18.5 billion via a rights issue.

Business Post • Aug 12, 2026

Lasaco Assurance Plc listed 9,236,321,546 additional ordinary shares on the Nigerian Exchange (NGX) on Wednesday, August 12, 2026.The listing follows a rights issue priced at N2.00 per share on a basis of five new shares… Read full article →

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Nigeria's IT regulator NITDA warns WordPress users to patch a severe login vulnerability that allows full website control.

Nairametrics • Aug 12, 2026

The National Information Technology Development Agency (NITDA) issued an advisory warning WordPress administrators about a critical login screen vulnerability tracked as CVE-2026-64638.The pre-authentication cross-site scripting flaw allows external attackers to execute malicious PHP code and… Read full article →

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LEAD launches its second cohort in Morocco to train African public officials on digital governance and state modernisation.

Business Post • Aug 12, 2026

The Africa CEO Forum’s LEAD leadership programme will host its second cohort of 50 senior public decision-makers in Rabat, Morocco, from August 28 to 30, 2026.The first cohort comprised 36 fellows from 24 African countries,… Read full article →

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Global South Utilities has inaugurated a 50MW solar plant in CAR, boosting the country's electricity capacity by 60%.

AllAfrica Business • Aug 12, 2026

The 50-megawatt solar photovoltaic plant in Sakaï is paired with a 15-megawatt-hour Battery Energy Storage System to improve grid stability.The project represents the largest infrastructure development in the history of the Central African Republic and… Read full article →

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British International Investment commits $20 million to Africa50's infrastructure fund, helping it reach a $330 million fourth close.

Techmoran • Aug 12, 2026

British International Investment (BII) has committed $20 million to the Africa50 Infrastructure Acceleration Fund to mobilize private capital for African infrastructure. Read full article →

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Liberia's debt-to-GDP ratio drops to 54% in 2025 amid rising revenues and projected economic growth.

AllAfrica Business • Aug 12, 2026

Liberia's Finance Minister Augustine Kpehe Ngafuan disclosed that the public debt-to-GDP ratio fell to 54% in 2025 and is projected to reach 49.6% in 2026.Real GDP growth increased from 4.0% in 2024 to 5.1% in… Read full article →

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A new Kenyan Bill proposes replacing HELB with a consolidated funding authority to tap private capital and pension funds.

Capital FM Business Kenya • Aug 12, 2026

The Tertiary Education Placement and Funding Bill, 2026, proposes replacing the Higher Education Loans Board (HELB), Universities Fund Board, and TVET Funding Board with a single Tertiary Education Funding Authority. Read full article →

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NGX Group courts Hong Kong investors and Chinese firms for dual listings to boost foreign capital on the exchange.

Nairametrics • Aug 12, 2026

NGX Group Chairman Umaru Kwairanga led a delegation to Hong Kong to pitch dual listings to large Chinese construction and mineral resource companies operating in Nigeria.The delegation proposed establishing a formal Nigeria-Hong Kong capital corridor… Read full article →

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The Central Bank of Kenya holds its benchmark interest rate at 8.75% as inflation remains stable within target limits.

Capital FM Business Kenya • Aug 12, 2026

Kenya's Monetary Policy Committee (MPC) maintained the Central Bank Rate (CBR) at 8.75% during its recent meeting, citing stable economic indicators.July inflation rose slightly to 6.5% due to high food prices, while the economy recorded… Read full article →

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NITDA partners with Canadian tech firms Goose FL and Fireflies AI to boost Nigeria's local AI infrastructure.

Nairametrics • Aug 12, 2026

The National Information Technology Development Agency (NITDA) signed agreements in Toronto with Canadian firms Goose FL and Fireflies AI to build local AI capacity and expand digital financial services. Read full article →

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Libya approves a US-backed $2 billion unified budget to boost oil production toward two million barrels daily by 2031.

Business AM • Aug 12, 2026

Libya's first unified budget since 2013 allocates 13 billion dinars ($2 billion) to the National Oil Corporation to upgrade infrastructure and restart idle fields.The country aims to reach 2 million barrels per day by 2031,… Read full article →

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Vodacom Group announces major board reshuffle, appointing former Airtel Africa CEO Segun Ogunsanya as independent director.

Tech Financials • Aug 12, 2026

Vodacom Group Chairman Saki Macozoma and board member Phuthi Mahanyele-Dabengwa will retire on October 8, 2026, following Macozoma's 10-year tenure.Former Airtel Africa CEO Segun Ogunsanya will join the Vodacom board as an independent non-executive director… Read full article →

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Prestige Assurance Plc completes its recapitalization program to boost underwriting capacity and meet NAICOM regulatory requirements.

Vanguard (Business) • Aug 12, 2026

Prestige Assurance Plc has successfully finalized its recapitalisation programme in alignment with regulations set by the National Insurance Commission (NAICOM). Read full article →

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MTN Group writes off its frozen 49% stake in Irancell, hitting statutory earnings despite strong underlying African performance.

Innovation Village • Aug 12, 2026

MTN Group is recording a material impairment on its 49% stake in Irancell for the six months ending in June, which will drop statutory earnings per share by 20% to 30%.U.S. sanctions since May 2018… Read full article →

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Ghana's latest treasury bill auction raises GH¢9.42 billion as investor demand significantly outstrips the government's target.

AllAfrica Business • Aug 11, 2026

The Ghanaian government accepted GH¢9.42 billion in bids during its August 7, 2026 Treasury bill auction (Tender 2019), exceeding its initial target of GH¢6.22 billion. Read full article →

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Tanzania is reforming its investment and digital laws to attract global tech companies and AI investment.

AllAfrica Business • Aug 11, 2026

The Tanzanian government is reviewing the Public-Private Partnership Act, Companies Act, and financial laws to support AI, fintech, and e-commerce.Beyond legislative changes, Tanzania is translating laws into Kiswahili to improve public access to justice and… Read full article →

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Coronation Insurance and Coronation Life Assurance complete their recapitalization via a private placement to meet new regulatory capital requirements.

Premium Times • Aug 11, 2026

Coronation Insurance Plc and Coronation Life Assurance Limited successfully raised capital through an oversubscribed private placement issuing 4.2 billion ordinary shares.The recapitalization allows both insurance entities to meet the new minimum capital requirements under the… Read full article →

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Kenya Development Corporation mobilizes forty-two million dollars to fund local green businesses through debt and equity.

Capital FM Business Kenya • Aug 11, 2026

The state-backed Kenya Development Corporation (KDC) launched its first sustainability and green financing strategy in Nairobi.KDC has mobilized an initial $42 million and is seeking accreditation with the Green Climate Fund (GCF) to access more… Read full article →

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Tanzania requires online businesses to display their tax identification numbers directly on their social media profiles.

Techmoran • Aug 11, 2026

Tanzania has introduced the Tax Administration (General) (Amendment) Regulations, 2026, requiring social media businesses to publicly display their tax details.Online merchants, creators, and entrepreneurs must make their Tax Identification Number (TIN) or Tax Clearance Certificate… Read full article →

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Kenya's High Court reinstates a KES 29.2 million tax assessment against Jakoline Enterprises, overturning a Tax Appeals Tribunal decision.

Capital FM Business Kenya • Aug 11, 2026

The High Court of Kenya in Nairobi ruled in favor of the Kenya Revenue Authority (KRA) against wholesale food distributor Jakoline Enterprises Limited.The court reinstated a KES 29.21 million tax assessment, comprising KES 14.48 million… Read full article →

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FAAN assures passengers that airport operations will continue despite disruptions from an ongoing aviation unions' strike.

Premium Times • Aug 11, 2026

The Federal Airports Authority of Nigeria (FAAN) is coordinating with airlines and security agencies to keep airports functional during the strike.Aviation unions, including NUATE, ATSSSAN, and NAAPE, are striking over unionisation rights and non-remittance of… Read full article →

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Dangote Sugar records N41.5 billion H1 profit after slashing production costs and easing debt burdens.

Business AM • Aug 11, 2026

Dangote Sugar Refinery Plc recorded a profit after tax of N41.51 billion for the first half of 2026, reversing a N24.27 billion loss from the same period in 2025. Read full article →

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The Nigerian Exchange loses N1.166 trillion on Tuesday, snapping a four-day winning streak due to key stock sell-offs.

Vanguard (Business) • Aug 11, 2026

The Nigerian Exchange Limited (NGX) market capitalisation fell by 0.73 percent to close at N159.255 trillion, down from N160.421 trillion.Thomas Wyatt Nigeria and AVA Capital led the decliners, while UPDCREIT and FTN Cocoa Processors posted… Read full article →

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The Central Bank of Nigeria opens its second regulatory sandbox cohort with a dedicated track for cryptocurrency firms.

Nairametrics • Aug 11, 2026

The Central Bank of Nigeria (CBN) will accept applications for its second Regulatory Sandbox cohort from August 12 to August 31, 2026.The new cohort features two pathways: a Virtual Asset Service Provider (VASP) track for… Read full article →

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