The World Bank greenlit $12 million in funding to expand electricity trading across southern Africa through technical assistance to the Southern African Power Pool. The International Development Association will provide $10 million, while the Energy Sector Management Assistance Programme contributes $2 million for the Retrade Sapp initiative. World Bank vice president Ndiamé Diop for eastern…

Ugandan President Yoweri Museveni confirmed for the first time that two Kenyan activists missing for five weeks had been detained by his government. Bob Njagi and Nicholas Oyoo disappeared last month after masked uniformed men forced them into a vehicle following a political event where they supported opposition leader Bobi Wine. Museveni described the pair…

Tsholofelo Molefe, who serves as chief financial officer for MTN Group, received the first Africa Finance Leaders Award for Excellence in Corporate Financial Performance & Growth. The Conference of African Chief Finance Officers, working alongside KPMG, organized the ceremony where former Maldives President Ibrahim Mohamed Solih presented the honor. The accolade recognizes Molefe’s leadership in…

Healthcare analytics firm Claritev Corporation invested in artificial intelligence payment solutions provider Klaim, Inc. to establish a co-branded service within its provider network that accelerates insurance reimbursements for medical organizations across the United States and the Middle East North Africa region. The platform converts pending claims into immediate liquidity, compressing the standard 30-day to 120-day…

Saudi Arabian business solutions provider Workey completed its most recent funding round with Falak Investment Hub, securing capital to deploy the initial version of its platform and develop artificial intelligence-enhanced services for investors. The company currently facilitates digital reservations at more than 200 sites nationwide, providing access to private workspaces, shared offices, corporate headquarters, conference…

Saudi Arabian artificial intelligence firm Rased secured pre-seed capital from lead investors Wa’ed Ventures and Shorooq Partners to expand its real-time fraud detection platform serving financial institutions. The 2022 startup founded by Talal Al-Badrani and Mustafa Al-Salhi analyzes behavioral patterns and device indicators within milliseconds to flag suspicious transactions while maintaining compliance with Saudi Central…

Representatives from Gabon’s Ministry of Digital Economy, Digitalisation and Innovation traveled to Equatorial Guinea on Saturday, November 9, to advance cooperation on telecommunications infrastructure connecting the neighboring nations. Officials examined fiber optic networks, transmission towers and border equipment installations near Mongomo in Equatorial Guinea and Oyem in Gabon before convening technical discussions involving regulators and…

Cameroon’s Telecommunications Regulatory Board urged consumers to purchase only certified mobile phones, tablets and digital terminal equipment, warning that unapproved devices sourced from informal markets can degrade network performance, compromise security and potentially expose users to unsafe electromagnetic radiation levels. The regulatory agency stated that non-compliant equipment interferes with cellular infrastructure, causing slower internet connections,…

American healthcare technology company Persivia Inc. introduced its National Health Intelligence Initiative at the Global Health Exhibition 2025 in Riyadh on Monday, establishing a licensed presence in Saudi Arabia through the Ministry of Investment to support the kingdom’s Vision 2030 healthcare objectives. The framework utilizes the firm’s patented artificial intelligence engine to process health data…

Cybersecurity firm SentinelOne introduced its Wayfinder Threat Detection & Response suite of managed services at OneCon 2025, combining artificial intelligence capabilities with Google Threat Intelligence and human expertise to address contemporary security challenges. The platform delivers coverage across preparation, detection, investigation, response and recovery phases while incorporating telemetry data with enriched contextual information, including threat…