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Enwealth's Kenyan money market fund assets surge ninety-one percent to two billion shillings, driven by demand for capital preservation.

Capital FM Business Kenya • Aug 30, 2026

Enwealth's Money Market Fund assets under management rose 91% to KES 2.03 billion for the six months ending June 30, up from KES 1.07 billion a year earlier.The firm's other portfolios grew significantly, with the… Read full article →

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Egypt partners with UAE's Masdar on wind, solar, and battery projects to hit a 45% renewable target by 2028.

Daily News Egypt (Business Section) • Aug 29, 2026

Egyptian Minister Mahmoud Esmat and Masdar CEO Mohamed Jameel Al Ramahi met to review progress on key wind, solar, and storage projects.The projects include a 200 MW wind plant in the Gulf of Suez and… Read full article →

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NERC issued 194 electricity licences in 2025, driven by a surge in mini-grid and metering approvals.

Nairametrics • Aug 29, 2026

The Nigerian Electricity Regulatory Commission (NERC) issued 194 licences, permits, and certifications in 2025, up 15.5% from 168 in 2024.Decentralised energy solutions dominated the approvals, with mini-grid permits accounting for the largest share at 64,… Read full article →

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Egypt's Financial Regulatory Authority licenses Matra as the country's third credit-rating agency to expand its securities rating market.

EnterpriseAM Egypt • Aug 30, 2026

Egypt's Financial Regulatory Authority (FRA) approved the establishment of Matra as the nation's third credit-rating agency, ending Meris's long-standing monopoly in the market.Non-Banking Financial Institutions (NBFIs) in Egypt have until January 22, 2027, to align… Read full article →

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Nigerian internet data consumption reached N3.67 trillion in H1 2026, driven by rising broadband and 4G/5G adoption.

BusinessDay Nigeria — Technology • Aug 30, 2026

The Nigerian Communications Commission (NCC) reported that internet data consumption grew 43% year-on-year to 8.52 million terabytes in the first half of 2026.MTN Nigeria led operators with N1.699 trillion in H1 data revenue, while Airtel… Read full article →

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Starlink launches in Equatorial Guinea under a provisional agreement, marking its 30th market on the African continent.

Innovation Village • Aug 29, 2026

SpaceX's Starlink has launched its satellite internet service in Equatorial Guinea following a provisional approval granted on July 29, 2026, by Vice President Teodoro Nguema Obiang Mangue.Telecomunicaciones de Guinea Equatorial (GITGE), the state digital infrastructure… Read full article →

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VFD Group launches a N20 billion commercial paper issuance to fund short-term working capital amid strong H1 2026 earnings.

Nairametrics • Aug 29, 2026

VFD Group Plc opened its N20 billion Commercial Paper (CP) issuance on August 28, 2026, which is scheduled to close on September 4, 2026.The issuance is divided into two tenors: a 270-day series yielding an… Read full article →

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Nigeria's monthly remittance inflows hit a record $947 million in July 2026, nearing the CBN's $1 billion target.

Nairametrics • Aug 30, 2026

The Central Bank of Nigeria (CBN) announced that formal diaspora remittance inflows through International Money Transfer Operators (IMTOs) reached a record high of $947 million in July 2026.Total remittances for the first seven months of… Read full article →

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Nigerian agritech UfarmX facilitates $6.8M in West African commerce and plans Q4 expansion into Kenya.

Disrupt Africa — South Africa • Aug 28, 2026

UfarmX uses blockchain ledger technology to connect over 17,000 credit-scored smallholder farmers to quality inputs and post-harvest markets across Nigeria, Senegal, and Liberia.UfarmX plans to launch a credit-scoring API by the end of this year… Read full article →

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Kenyan NGO EmpServe plans to expand its sustainable eco-village model to more arid regions to boost digital and green jobs.

Capital FM Business Kenya • Aug 28, 2026

Empower and Serve Kenya (EmpServe) is expanding its Social Innovation Eco-Village (SIEVE) model beyond its current 10 counties of operation.The SIEVE model, piloted in Kajiado County, integrates off-grid solar power, digital resource hubs, and climate-smart… Read full article →

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Cameroon seeks US funding for its three billion dollar hydropower project and digital infrastructure pipeline.

Business Tech Africa • Aug 28, 2026

Cameroon is presenting 14 priority projects, including the $3 billion (CFA1.855 trillion) Grand Eweng hydropower project, to US investors during an Economic and Commercial Dialogue in Yaoundé on August 27. Read full article →

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The Nairobi Securities Exchange reports a 386% surge in H1 2026 net profit, reaching KSh 736.9 million.

Capital FM Business Kenya • Aug 28, 2026

The Nairobi Securities Exchange (NSE) recorded a massive 386% year-on-year increase in profit after tax to KSh 736.9 million for the half-year ending June 30, 2026. Read full article →

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Britam Holdings reports a 53% increase in half-year profit to KES 2.66 billion, driven by strong insurance revenue growth.

Capital FM Business Kenya • Aug 28, 2026

Nairobi-based Britam Holdings Plc recorded a 53% year-on-year growth in profit after tax to KES 2.66 billion for the six months ended June 2026, up from KES 1.74 billion.The insurer's core insurance revenue rose by… Read full article →

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Nomba and Synafare commit $1.4 million to finance solar energy installations for 300 Nigerian small businesses.

TechCabal — Kenya • Aug 28, 2026

Nigerian fintech Nomba and renewable energy asset financier Synafare have launched a joint ₦2 billion ($1.4 million) commitment to finance solar energy systems for local SMEs.The capital will be deployed over 24 months to help… Read full article →

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Kenyan bar and liquor traders urge Parliament to stop duplicate licensing requirements in the new Tobacco Control Bill.

AllAfrica Business • Aug 28, 2026

The Bar and Liquor Traders Association of Kenya (BAHLITA), representing 54,000 members, is lobbying the National Assembly to revise the Tobacco Control (Amendment) Bill, 2024.Traders warn that proposed duplicate registration frameworks across national and county… Read full article →

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Terra Industries launches a commercial division to sell autonomous security systems to private infrastructure operators.

Technext • Aug 28, 2026

Nigerian defense-tech startup Terra Industries is expanding beyond government contracts to target private companies operating power plants, pipelines, mines, ports, and refineries.The new commercial unit will be led by Todd Stiefler, a former executive at… Read full article →

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Swedfund has invested a $20 million loan into the Africa Go Green Fund to boost energy efficiency across Africa.

Techmoran • Aug 28, 2026

Development finance institution Swedfund has provided a $20 million loan to the Africa Go Green Fund.The capital targets African companies operating in green buildings, clean cooking, green transport, and industrial energy efficiency. Read full article →

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Huawei is proposing a 4,000MWh battery storage and local manufacturing project to support Egypt's grid stability and renewables.

Business Tech Africa • Aug 28, 2026

Chinese technology group Huawei is exploring a massive 4,000 megawatt-hour (MWh) battery energy storage systems (BESS) project in Egypt.The initiative encompasses both local manufacturing of battery storage components and installing utility-scale facilities directly connected to… Read full article →

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SBM Bank Kenya provides a $17 million loan to Safer Power Group to build a green energy equipment factory.

Techmoran • Aug 28, 2026

SBM Bank Kenya has partnered with Safer Power Group to extend $17 million in debt financing for a green energy manufacturing workshop and factory.Safer Power, a licensed partner of Schneider Electric, will use the capital… Read full article →

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FTSE Russell upgrades Nigeria's capital market to Frontier Market status, effective Monday, September 21, following foreign exchange improvements.

Premium Times • Aug 28, 2026

Global index provider FTSE Russell has reclassified Nigeria's capital market from 'Unclassified' to 'Frontier Market' status.The upgrade comes nearly three years after Nigeria's exclusion in September 2023 due to foreign exchange and capital repatriation challenges. Read full article →

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Equinix is doubling its foundation investment to $100 million to expand global internet access and data centre skills training.

Innovation Village • Aug 27, 2026

Equinix announced a new $50 million commitment on August 27 to support strategic grants, digital literacy, and technical workforce programmes.In Nigeria, the foundation's funding supports the Enterprise Development Centre at Pan-Atlantic University and its SparkLab… Read full article →

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MTN Nigeria's MoMo PSB appoints former Flutterwave COO Bode Abifarin as its new Managing Director and CEO.

Technext • Aug 27, 2026

Bode Abifarin will officially assume her role as CEO of MoMo Payment Service Bank on September 1.Abifarin brings over 23 years of experience, including serving as COO at Flutterwave and 15 years at KPMG. Read full article →

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International Energy Insurance and Prestige Assurance have listed additional shares on the Nigerian Exchange following capital raises.

Business Post • Aug 27, 2026

International Energy Insurance listed over 8 billion additional ordinary shares from its public offer priced at N3.20 per share.Prestige Assurance listed over 2.3 billion additional ordinary shares from its private placement priced at N1.95 per… Read full article →

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Anchoria Capital Group has secured SEC approval to operate as a holding company and opened a new Abuja office.

Nairametrics • Aug 27, 2026

The Securities and Exchange Commission (SEC) approved Anchoria Capital Group (ACG) to function as a non-operating Capital Market Holding Company.Led by Group Managing Director Sam Chidoka, the group has opened a new Abuja office to… Read full article →

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Kenya's Public Service Superannuation Fund cuts government debt exposure to 74% as assets reach KES 340.4 billion.

Capital FM Business Kenya • Aug 27, 2026

The Public Service Superannuation Fund (PSSF) reduced its allocation in government securities from 99% in 2023 to 74% by June 2026, shifting capital into equities and corporate bonds.PSSF's assets under management grew to KES 340.4… Read full article →

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MTN Uganda partners with Starlink to provide satellite connectivity to enterprise customers in remote and underserved areas.

AllAfrica Business • Aug 27, 2026

MTN Uganda has partnered with satellite internet provider Starlink to offer satellite-enabled connectivity to enterprise customers in hard-to-reach regions.The initial rollout targets critical sectors, including education, healthcare, agriculture, humanitarian response, energy, tourism, financial services, and… Read full article →

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The Nigeria Civil Aviation Authority signed an MoU to implement a pre-loading advance cargo security screening system.

Nairametrics • Aug 27, 2026

The Nigeria Civil Aviation Authority (NCAA) partnered with Firstway FZE and Global Software & Digital Solution (GSDS) to deploy the Pre-Loading Advance Cargo Information (PLACI) system.The framework initially focuses on screening inbound air cargo before… Read full article →

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Africa's virtual mobile network market struggles to grow due to strict regulatory barriers and resistance from dominant telecom operators.

Tech Build Africa • Aug 27, 2026

A GSMA 2025 report highlights that Africa hosts only 65 of the world's 2,000+ active mobile virtual network operators (MVNOs) due to strict regulatory barriers and resistance from dominant telecom operators.Regulatory models diverge widely: South Africa… Read full article →

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The African Union plans to launch its continental credit ratings agency on October 5 to reduce borrowing costs.

Business Post • Aug 27, 2026

The African Peer Review Mechanism (APRM) will launch the continent-wide credit ratings agency on October 5 in Mauritius.The new agency will focus on local-currency debt ratings to support domestic capital markets and mitigate foreign currency… Read full article →

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Dangote Refinery increases fuel exports due to rising Nigerian imports and a lack of regulatory transparency.

Nairametrics • Aug 27, 2026

Dangote Petroleum Refinery and Petrochemicals is increasing fuel exports to regional and international markets because continued domestic imports are creating market uncertainty.The refinery warns that lack of visibility on import volumes makes domestic production planning… Read full article →

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