Business Tech Africa

Startup Mondays: Raise when you have proof of concept Founders often confuse fundraising with winning. A funded seed round looks impressive on LinkedIn, but it is the customers who buy the product rather than the investors. So, when should you actually talk to investors? Read more here: businesstechafrica.co.za/entrepreneursh… #businesstechafrica #StartupMondays

Since 2021, African startup @KoolboksKenya has deployed over 10,000 solar-powered refrigerators and freezers across Nigeria, Kenya, and Uganda to tackle the issue of unreliable electricity and power in off-grid communities. Read more here: businesstechafrica.co.za/entrepreneursh… #businesstechafrica #africanstartups

Based in Lomé, startup DoctaMob launched a digital platform to simplify how patients access medical services, letting users book appointments, locate open pharmacies, and more directly from their phones. Read more here: businesstechafrica.co.za/entrepreneursh… #businesstechafrica #africanstartups

Airtel Uganda (@Airtel_Ug) begins testing Starlink satellite direct-to-cell technology that connects ordinary smartphones directly to satellites without additional hardware. Read more here: businesstechafrica.co.za/telecoms/2026/… #businesstechafrica #Starlink #UgandaNews #AirtelUganda

Why connectivity is now the weak point in tracking systems Read more here: businesstechafrica.co.za/technology/202… #businesstechafrica #connectivity

BREAKING NEWS: 25 May 2026 EBID (@BIDC_EBID) and Afriland First Bank CI partner up for a $17.7 million financing initiative to expand credit access for Ivorian small and mid-sized businesses, driving job creation, entrepreneurship, and industrial growth. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #CreditAccess

BREAKING NEWS: 25 May 2026 Morocco's Royal Air Maroc suspends 12 routes to several African and European destinations due to the rising price of aviation fuel. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #RoyalAirMaroc #aviationfuelincrease

BREAKING NEWS: 25 May 2026 While maintaining the credit rating at Ba2, Moody's upgraded the nation's outlook from stable to positive, citing the strengthening fiscal performance and a commitment to economic reforms. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #Moodys #creditrating

BREAKING NEWS: 25 May 2026 World Bank document reveals that 27 African nations have called for emergency financing since February due to surging fuel prices and disrupted supply chains. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #EmergencyFinancing #WorldBank

BREAKING NEWS: 25 May 2026 Brent crude futures drop more than -5% to below $98 per barrel, a 3-week low this morning. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #brentcrudefutures

FOUNDER FRIDAY: Aions @OzowPay co-founder and co-founder of Aions Ventures, @MitchanAdams , measures success by building businesses that create jobs, unlocking opportunity, and strengthening South Africa’s entrepreneurial ecosystem. Mitchan helped scale Ozow from when it was just a startup idea to it now being one of South Africa’s leading fintech companies, a point at which he identified that the skills needed to launch a business are very different from those required to run an established one. Important lessons that were learnt as Ozow began scaling for Mitchan are that a business is built by its people and that it is important to be self-aware during your entrepreneurial journey, believing that as a founder, you do not have to assume every role in the business. With his knowledge of leadership and mentorship, Aions Ventures, an organisation helping entrepreneurs turn their promising ideas into businesses worth investing in, was created. Here, he combines funding, mentorship and practical support to help business ideas successfully materialize. Read more here: businesstechafrica.co.za/founder-friday… #businesstechafrica #FounderFriday

THIS WEEK'S EDITION OF THE MINING WRAP: - Isambane Mining completes a take-private acquisition buyout through the Providere JV, consolidating ownership and giving the company more flexibility on long-term operational planning. - South African banks @AbsaSouthAfrica and @NedbankCIB's new loan facility to fund gold mining near Johannesburg. - @ExxaroResources officially opened the new Mine 1 operation at its Matla coal mine in Mpumalanga. Read more of the mining wrap here: businesstechafrica.co.za/mining/2026/05… #businesstechafrica #theminingwrap

@Meta deepens its commitment to artificial intelligence, cutting off 10% of its workforce and approximately restructuring 7,000 employees into AI-focused roles. Read more here: businesstechafrica.co.za/artificial-int… #businesstechafrica #meta #artificialintelligence #MetaLayoffs #metarestructuring

@TheGautrain Management Agency is planning to launch a ride-hailing service later this year, moving beyond rail transport and into the growing e-hailing market. Read more here: businesstechafrica.co.za/business/2026/… #businesstechafrica #Gautrain #ehailing

BW Energy approved a final $300 million investment decision for the Bourdon offshore oil field in Gabon, a project aimed at boosting production in a country grappling with declining oil output. Read more here: businesstechafrica.co.za/energy/2026/05… #businesstechafrica #Gabonoffshoreoil #bwenergy

BREAKING NEWS: 22 May 2026 @Sizekhaya_RF to take over the national lottery from Ithaca as of 1 June 2026 as South Africa's new lottery provider, launching in Johannesburg yesterday. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #NationalLottery #sizekhaya #SouthAfricanLottery

BREAKING NEWS: 22 May 2026 Head of the Coffee and Cocoa Council expects the Ivory Coast's 2025/2026 cocoa production to reach 2–2.1 million metric tons as cocoa prices slid by -10% last week. This is the first production increase in three seasons for the world's top producer after years of weather and disease issues. Read more here: businesstechafrica.co.za/news/2026/05/2… #businesstechafrica #CocoaProduction #ivorycoastcocoa