WeeTracker

Electric motorcycles are rewriting Kenya Power's earnings as informal transport workers ditch petrol, driving a 113-fold surge in electricity sales in under three years. weetracker.com/2026/05/25/ken…

Aderonke Ajibade, an amputee in Nigeria, landed a remote call centre job. She spent her savings on data. The next day, she was fired because the network kept failing. Her video went viral, sparking anger and outrage. "Can we file a class action suit against these useless corporations?" some fumed. Turns out, someone already had. A year ago, a law firm sued MTN Nigeria over poor service and data privacy violations. Now, 94 million subscribers are part of a USD 400 M class action. On Tuesday, the court adjourned until September. From 80 mysterious applicants who suddenly appeared to opt out of the class action — all filing on the same day MTN submitted its legal papers — to compensation payments as low as NGN 20.00 (less than 2 cents) in airtime that only seemed to prove the plaintiffs’ point, the class action offers the prospect of accountability to millions of Nigerians still struggling with dropped calls, disappearing data, and the frustration of paying more for less. And with a 50% tariff hike now fully implemented, MTN’s profits are soaring even as service quality continues to frustrate millions. Full story here: weetracker.com/2026/05/22/nig…

Why Africa’s next unicorn may come from solving informal sector financing One of the biggest mistakes early-stage startups make is starting with an idea instead of starting with a problem. Consider this: Millions of informal traders across Africa wake up every morning, open their stalls, sell products, generate income, support families, and drive local economies. Yet many remain invisible to the formal financial system. No collateral. No formal payslip. No credit history. No access to growth capital. Banks often see risk. I see untapped opportunity. The problem isn’t that informal traders are unbankable. The problem is that we are measuring them with the wrong tools. Imagine building a system that creates alternative financial identities through: • Mobile money activity • Supplier purchasing patterns • Daily transaction history • Inventory movement • Merchant behavior data The outcome: Data → Trust → Access to finance → Business growth For angel investors, this becomes attractive because it combines: ✓ Large underserved markets ✓ Strong social impact ✓ Scalable technology ✓ Recurring revenue opportunities ✓ Potential for cross-border expansion The biggest opportunities often exist where traditional systems have failed. Africa’s informal economy isn’t a side market. It may be one of the continent’s largest untapped investment opportunities. #Startup #AngelInvesting #Fintech #Africa #Innovation #Entrepreneurship #FinancialInclusion

I'm an accelerator, a founder house, a program. The name doesn't matter, here is what I am: 8 weeks in San Francisco to build the foundations of a generational company - non-US based founders - pre-idea, pre-team - 40 spots - $250k investment for the best teams what I cover: flights / housing / food / visa support / co-founder matching / personalised support / network access by Entrepreneurs First backed by Patrick & John Collison, Demis Hassabis, Daniel Gross, Nat Friedman, Reid Hoffman, Eric Schmidt & others alumni have built: Cleo, Aztec Network, Gensyn, PolyAI, Neptune Robotics, Magdrive Comment your edge ! Our next cohort is open now

For decades, selling insurance to Africa's informal sector was considered a tough gig. Premiums were too high, distribution was too fragmented, and trust was virtually non-existent. But a fintech's smartphone-embedded health cover is finally reaching customers who never had formal protection, bypassing traditional barriers that kept Africa's insurance penetration at 2.7% of GDP, less than half of the global average. weetracker.com/2026/05/21/m-k…

JUST IN: Sam Altman offers $2 million in OpenAI tokens to each startup in YC's current batch in exchange for equity.

Which African country has the most exciting future workforce?

Building in Public was the playbook. Not anymore. If you're a founder, don't give competitors a sniff of what you're working on until you're ready for showtime. No benefit anymore to building in public. People are too busy to care what you're doing & they'll happily copy you.

DSTV laughed until Netflix arrived. Taxis slept until Uber moved. Shops ignored Shein and Temu. Newspapers mocked social media. Celebrities dismissed influencers. Every giant thinks disruption is noise, until it becomes the market. The real question is: who is sleeping now?

World Bank's MIGA to more than double Africa guarantees to $6.4 billion a year reuters.com/world/africa/w…

South African digital bank GoTyme has accelerated its timeline for a potential public listing, with executives now targeting an initial public offering that could value the Motsepe-backed fintech at as much as USD 15 B. weetracker.com/2026/05/18/got…

Who pitches the VCs? The CEO, and nobody else. Not the CTO. Not the CFO. Not the COO. Not the fundraising advisor. Not the executive assistant. The CEO.

It's harder to: – Get to $1M ARR than $100M – Raise your pre-seed than your Series B – Walk than run – Get your first paying customer than your thousandth – Sign your first investor than your tenth – Hire your first employee than your fiftieth – Get your first follower than your first 100K – Make your first dollar online than your first million – Quit the job than start the company – Send the first cold email than build the outbound machine The first one is always the hardest. Always.

We’re heading to Nairobi to put Codex into action with OpenAI on May 19th, and we’ll be streaming it live on LinkedIn. First up, Emmanuel Lubanzadio, Africa Lead at OpenAI, and Kate Woska, VP Africa at Andela take the stage for a fireside chat on how AI in Africa is empowering builders, ideas, and opportunities. Tune in at 6:00 PM EAT / 11:00 AM EDT here: bit.ly/4wwPZO7 Next, learn how technologists can apply emerging tech to real-world problems. The top three teams competing in Andela and OpenAI’s Codex Champions Showcase present their projects and compete for the $3,000 top prize. Tune in at 6:40 PM EAT / 11:40 AM EDT here: bit.ly/4dnC841 Hope to see you there!

In 2025, Mogo Auto Limited issued 42,500+ motorcycle loans, 93% to self-employed or stage-based riders and 80% for income-generating use. — 100,000+ smartphone loans issued, with 57% of active phone loan customers using the Mogo App weekly. — 57% of motorcycle loans were outside major urban centres, while women were only 15% of motorcycle borrowers.

Everyone loves the idea of being a founder. Until you’re 1 year in, broke, have zero traction, and your family is asking when you’ll get a “real” job.

37% of CEOs from African startups that raised $1M+ in equity come from just 7% of represented universities. Angel investors are one of the few early-stage mechanisms that can fund outside that track record.

120 million people are forcibly displaced. Humanitarian aid was down 35-40% in 2025 alone.  The gap is growing, and refugee-led enterprises are stepping up to fill it. Find out why investors should back them ⬇️ go.acumen.org/49UzcuJ

[Partner] Tether is investing in LemFi to power the future of remittances! By bringing USD₮ to the platform, LemFi is upgrading legacy banking rails with stablecoin tech to deliver faster, cheaper, and more reliable global transfers. weetracker.com/2026/05/18/tet…

Strike over high fuel prices paralyses transport in Kenya bbc.in/4u0yjZ7