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Uber exits Nigeria and Uganda as part of a global restructuring and pivot toward autonomous vehicles.

WeeTracker • Sep 2, 2026

Uber officially shut down its ride-hailing services in Nigeria and Uganda on September 2, following recent exits from Tanzania and Côte d’Ivoire.The withdrawals are part of a global restructuring cutting 3,300 jobs (10% of Uber's… Read full article →

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Kenyan police have arrested FlexPay founders over the alleged theft of KES 31.2 million from a retail partner.

TechCabal • Sep 2, 2026

Detectives from Kenya's Directorate of Criminal Investigations arrested Martin Kariuki Maina and Johnson Gituma Mwangi in Nairobi.The founders are accused of failing to remit KES 31.2 million ($242,000) collected on behalf of an unnamed major… Read full article →

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Egyptian edtech 3C Coding School raises $3 million to expand to Saudi Arabia and develop its AI learning platform.

Tech Build Africa • Sep 2, 2026

Egyptian edtech startup 3C Coding School has secured $3 million in seed funding led by MRG Economic Group, with participation from investor Amr Saad and several angel investors.The startup has reached more than 120,000 students… Read full article →

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Dangote Cement will host a London event on September 21, 2026, to update investors on its proposed LSE listing.

Business Post • Sep 2, 2026

Nigerian cement manufacturer Dangote Cement Plc plans to host a Capital Markets Day (CMD) in London on September 21, 2026.The event is designed to brief international investors and stakeholders on the company's business priorities, operations,… Read full article →

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Nigeria's SEC proposes high capital requirements and local ownership rules for online forex trading platforms.

Nairametrics • Sep 2, 2026

The Securities and Exchange Commission (SEC) of Nigeria has proposed a new regulatory framework for online forex trading and Contracts for Difference (CFDs).The draft rules mandate a minimum paid-up capital of N5 billion for technology/platform… Read full article →

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Kenya digitizes Mombasa port cargo clearance using pre-arrival processing and automated gates to cut East African transit delays.

Business Tech Africa • Sep 2, 2026

The Kenya Revenue Authority (KRA) and Kenya Ports Authority (KPA) are implementing the Advanced Cargo Declaration (ACD) system, allowing cargo information to be processed before goods leave their port of origin.A Smart Gate pilot at… Read full article →

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UAE's ePointZero have acquired a 90% stake in pan-African power producer Azura Power to expand its energy footprint.

Nairametrics • Sep 2, 2026

Abu Dhabi-based energy platform ePointZero have agreed to acquire a 90% stake in Azura Power from existing institutional investors Actis and Africa50.Amaya Capital, which founded Azura Power in 2010, partnered with ePointZero on the transaction… Read full article →

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French health insurer Alan acquires Senegalese healthtech startup Tanel, marking a rare exit for Francophone West Africa.

TechCabal • Sep 2, 2026

French health insurance giant Alan has acquired Tanel, a digital health startup operating in Senegal and Côte d’Ivoire, for an undisclosed amount in a transaction that closed in June.The acquisition provides a full exit for… Read full article →

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Africa needs over $200 billion annually in energy investment by 2030 to secure its power and hydrocarbon future.

Vanguard (Business) • Sep 2, 2026

Adegbite Falade, Chairman of the Independent Petroleum Producers Group (IPPG), revealed that Africa requires more than $200 billion annually by 2030 for energy development but currently attracts just half of this amount.The Africa Energy Bank… Read full article →

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The Financial Reporting Council of Nigeria launches a national repository, ending multiple financial statement filings for companies.

Vanguard (Business) • Sep 2, 2026

The Financial Reporting Council of Nigeria (FRC) has launched a national repository for audited financial statements to end multiple regulatory filings.Companies are no longer required to submit separate financial statements to the Corporate Affairs Commission… Read full article →

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Sahara Power begins building a $12 million, 12 MW gas-fired plant to power Lagos industrial hubs.

AllAfrica Business • Sep 2, 2026

Sahara Power Enterprise Group has commenced construction of a $12 million, 12 MW gas-fired independent power plant in Lagos, Nigeria.The facility will consist of six 2 MW generating units to supply dependable energy directly to… Read full article →

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Cascador selects 10 growth-stage Nigerian businesses across multiple sectors for its 12-week 2026 ScaleUp accelerator program.

TechCabal • Sep 2, 2026

Nigeria-focused accelerator Cascador selected 10 local companies from over 1,000 applicants for its 2026 ScaleUp Program.Participants will compete for $50,000 in awards and gain eligibility for up to $5 million in annual funding from Cascador's… Read full article →

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Askya Investment Partners launches a zero-equity AI accelerator offering ten African startups up to $200,000 in funding.

Disrupt Africa — South Africa • Sep 2, 2026

African venture capital firm Askya Investment Partners, in collaboration with Magna Collective, has launched the Askya AI Growth Platform.The six-week hybrid programme will select 10 AI-native, Africa-focused startups from pre-seed to Series A that have… Read full article →

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Tanzania opens its government bond market to all global foreign investors to boost liquidity and attract international capital.

AllAfrica Business • Sep 2, 2026

The Bank of Tanzania announced on August 6 that it has removed restrictions limiting foreign access to its Treasury bills and government bonds.Previously, direct investment in Tanzanian government securities was restricted to residents of the… Read full article →

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South Africa's fibre market is shifting from physical network rollouts to product innovation, customer retention, and AI-driven connectivity solutions.

Tech Financials • Sep 2, 2026

Trevor van Zyl, CEO of open-access fibre provider Octotel, states the industry is moving from building physical infrastructure to developing advanced connectivity products.The next phase of growth will be driven by high-capacity demands from AI… Read full article →

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Nigeria's SEC releases new rules regulating both local and offshore online forex trading platforms targeting Nigerian residents.

Vanguard (Business) • Sep 2, 2026

The Securities and Exchange Commission (SEC) has released a new regulatory framework targeting online foreign exchange (forex) trading services in Nigeria.Offshore entities will fall under SEC regulation if they support the naira, use Nigerian contact… Read full article →

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Kenya's Communications Authority proposes extending the dormant SIM card recycling period to six months to protect subscriber data privacy.

Capital FM Business Kenya • Sep 2, 2026

The Communications Authority of Kenya (CA) drafted new rules requiring mobile operators like Safaricom and Airtel to wait six months before recycling inactive numbers.Prior to recycling, operators must securely archive and completely de-link the previous… Read full article →

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Sterling Financial Holdings listed 2.57 billion new shares on the NGX following a successful private placement.

Business Post • Sep 1, 2026

Sterling Financial Holdings Company Plc listed an additional 2,573,080,294 ordinary shares of 50 Kobo each on the Nigerian Exchange (NGX) on Monday, August 31, 2026. Read full article →

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Egypt launches a €271 million-backed digital platform to streamline environmental assessments and accelerate green industrial investments.

Daily News Egypt (Business Section) • Sep 1, 2026

Egypt's Ministry of Environment and Ministry of Investment have launched the Integrated Digital Environmental Impact Assessment (IDEIA) system to eliminate paper workflows and speed up approvals.The digital platform is funded through a €271 million package… Read full article →

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Pivot Integrated Energy raises N100.08 billion in its debut commercial paper issuance to fund petroleum operations.

Nairametrics • Sep 1, 2026

Pivot Integrated Energy Services Limited secured N100.08 billion in its oversubscribed Series 1 Commercial Paper (CP) issuance.Proceeds will be deployed to fund Pivot's trading, storage, distribution, and supply of refined petroleum products across Nigeria and… Read full article →

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Semiconductor startup ChipMango raises $1.9 million to train African engineers and expand chip-design operations globally.

TechCabal • Sep 1, 2026

ChipMango closed a $1.9 million seed funding round led by Atlantica Ventures, with participation from DFS Labs, Madica, and others.The California-headquartered startup focuses on the pre-manufacturing chip design and verification stage, operating a cloud-enabled model… Read full article →

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CIC Insurance Group's half-year profit jumps seventy percent to Sh1.09 billion, driven by strong investment returns and microinsurance expansion.

Capital FM Business Kenya • Sep 1, 2026

CIC Insurance Group reported a 70.3% surge in half-year profit after tax to KES 1.09 billion for the six months ending June, up from a previous period of growth.The performance was bolstered by a 44%… Read full article →

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WIOCC Group has secured $300 million from AFC and Vision Invest to expand Africa's digital infrastructure and fiber networks.

BusinessDay Nigeria — Technology • Sep 1, 2026

WIOCC Group has secured a $300 million investment from Africa Finance Corporation (AFC) and Saudi Arabia's Vision Invest at the LEAP 2026 exhibition.The fresh capital will fund the expansion of carrier-neutral fibre networks, data centres,… Read full article →

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NASENI launches its Xceler8 accelerator, offering 25 Nigerian science and engineering startups up to $25,000 in non-equity support.

Technext • Sep 1, 2026

The National Agency for Science and Engineering Infrastructure (NASENI) has introduced Xceler8, a three-month virtual accelerator program for 25 Nigerian innovators.Selected participants will receive up to $25,000 in support, mentorship, hands-on product development assistance, and… Read full article →

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Egypt launches a $100 million fund to finance water and dam projects across southern Nile Basin countries.

Daily News Egypt (Business Section) • Sep 1, 2026

Egypt's Foreign and Irrigation Ministries have established a $100 million financing mechanism for regional water and development projects.The initiative will fund infrastructure based on partner countries' priorities, including dams, solar groundwater stations, river docks, and… Read full article →

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Africa Finance Corporation launches a $30 million captive insurance subsidiary in Bermuda to de-risk and expand African infrastructure lending.

Business AM • Sep 1, 2026

The Africa Finance Corporation (AFC) has established AFC Captive Insurance Company Ltd in Bermuda with up to $30 million in equity capital.The Class 2 licensed insurer will initially de-risk AFC's own loan book, retaining and… Read full article →

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Egyptian edtech startup Eduact is acquired by MENA education platform Abwaab to digitise and scale offline tutoring operations.

WeeTracker • Sep 1, 2026

MENA education platform Abwaab has acquired Cairo-based edtech startup Eduact for an undisclosed financial amount.The acquisition will transition Abwaab's strategy toward a B2B2C model, giving Eduact's teacher network access to digital content and Abwaab's students… Read full article →

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The Egyptian Exchange has granted its chairman full discretion over reinstating suspended unlisted shares on the OTC market.

EnterpriseAM Egypt • Sep 1, 2026

EGX Chairman Omar Radwan issued Decision 633 of 2026, with sign-off from the Financial Regulatory Authority, amending rules for unlisted securities.The new rules eliminate the formal application process that allowed suspended companies to request reinstatement… Read full article →

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Starlink plans to expand into 16 more African countries by 2026, targeting areas with limited terrestrial internet coverage.

Business Tech Africa • Sep 1, 2026

Starlink has mapped out 16 new African target markets for potential launches starting in 2026, including Uganda, Tanzania, Angola, and Namibia.Starlink recently went live in Equatorial Guinea, marking its 29th active African market since its… Read full article →

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Ethiopia regulates dam water usage to maintain hydropower generation and prevent outages amid summer rain deficits.

AllAfrica Business • Sep 1, 2026

Ethiopian Electric Power (EEP) is implementing strictly regulated water usage to meet its 32,134 GWh generation target despite rain deficits.The Grand Ethiopian Renaissance Dam (GERD) is projected to generate 44% of this power, with Gibe… Read full article →

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