Joel Omulo

Shell Egypt has announced the relaunch of its Shell Intilaaqah Egypt Programme, in collaboration with Flat6Labs Egypt. This initiative, part of the flagship global enterprise development program Shell LiveWIRE, aims to empower and support over 1,000 aspiring entrepreneurs in Egypt.

South African fintech company Peach Payments has announced its acquisition of customer software development firm Operativa. This marks the first acquisition for Peach Payments since securing a $30 million funding round led by the Apis Growth Fund II last year.

Y Combinator-backed fintech startup Afriex has introduced a groundbreaking feature called Global Accounts, designed to simplify multi-currency management for individuals and businesses across Africa.

The African Development Bank (AfDB) has approved a significant $1 billion loan to support South Africa's state-owned logistics firm, Transnet. This loan aims to aid the company's recovery plan and address longstanding issues that have hampered its operations.