LemFi has acquired UK-regulated investment platform Wealth8, expanding beyond remittances into investing. With the licence now in hand, the fintech can begin offering wealth products alongside money transfers.

Takealot has become profitable for the first time in its history, ending years of heavy investment by South Africa's largest e-commerce retailer. Even as Amazon, Temu, and Shein pile into the market, the company has managed to turn the corner.

Paga is adding tokenised investing through a partnership with TBook, giving users access to digital versions of stocks, bonds, and real estate. Instead of stopping at payments, the fintech is steadily expanding into wealth management.

Kenyan edtech startup Craydel has expanded into Ghana as it builds a pan-African university admissions platform. Students can now discover and apply to more higher education institutions abroad across West Africa

Nigerian food delivery startup FoodCourt has paused operations amid mounting financial challenges. Like many delivery businesses before it, scaling orders proved easier than building a sustainable business.

Cauridor has partnered with Fireblocks to strengthen digital asset payments across Africa. By tapping Fireblocks' custody and wallet infrastructure, businesses can move crypto assets more securely and at greater scale.

 Africa's tech ecosystem has recorded 56 layoff events and nearly 5,000 disclosed job losses since 2023, according to TechCabal Insights. Rather than isolated incidents, the data points to an industry-wide shift from growth-at-all-costs to leaner operations and profitability.

 Nigeria's central bank revoked the licences of 46 microfinance banks over regulatory breaches, marking one of the sector's biggest cleanups in recent years. Among those affected are several digital lenders, as the CBN tightens oversight of the country's fast-growing financial services industry.

Nigerian startup Data Entry Academy has won the UNDP Timbuktoo EdTech Accelerator. Beating startups from across the continent, it took home the programme's top prize for its workforce training platform.

 Egyptian HR tech startup BrainsMingle has raised $400,000 in seed funding from BasharSoft. Rather than replacing recruiters, the startup is building AI tools that help companies identify, assess, and hire talent more efficiently.

 Catalyst Fund has reached a $30 million second close for its climate resilience fund backing African startups. The fund is targeting founders building technologies that help vulnerable communities adapt to climate change while attracting more institutional capital into the sector.

Founders Connect Live returns to Lagos on July 18 with a lineup of founders, operators, investors, and creatives for a day of live interviews and unfiltered conversations. Expect behind-the-scenes stories, hard-earned lessons, and the kind of discussions usually reserved for private dinners. Get your tickets.

Nairobi takes center stage from July 22–24 as the Africa Technology Show Kenya 2026 showcases the latest in AI, fintech, cybersecurity, cloud, and digital infrastructure. Across three days, startups, investors, corporates, and policymakers will explore new technologies through exhibitions, live demos, and networking sessions. Register here.

The Nigeria Fintech Forum 2026 returns to Lagos on July 30, convening founders, financial institutions, investors, and regulators to explore what's next for fintech, payments, and banking. More than 1,700 industry professionals are expected to attend.

Borderless Experience 2026 convenes fintech founders, operators, investors, and ecosystem leaders in Lagos on August 21 for a deep dive into the future of cross-border payments, commerce, and financial infrastructure in Africa. Register your interest here.

Google Play is putting $1 million behind Africa's gaming industry by backing 10 game studios. Selected developers will receive funding, mentorship, and support to bring new titles to market. Get more details here.

Wema Bank has opened applications for Hackaholics 7.0, its flagship innovation programme for African founders and startups. Participants can compete across startup, hackathon, and social impact tracks for funding, mentorship, and strategic partnerships.

Google is accepting applications for its new Africa Applied AI Lab, a programme designed to help entrepreneurs build AI-native products for the continent. Selected teams will receive early access to Google's latest AI models, and many more perks.

Accelerate Africa is writing some unusually founder-friendly checks. The programme is investing $250,000–$500,000 in early-stage African startups, with no application fees and no upfront equity commitments required. Applications close July 25.

The 2026 Global Cleantech Innovation Programme South Africa is accepting applications from founders building scalable solutions in clean energy, water, agriculture, transport, and environmental protection. Selected startups receive mentorship, acceleration support, and pathways to funding. Applications close July 10.