Africa Business Communities

Africa Business Communities is a digital platform that focuses on B2B publishing, helping businesses and organizations engage with professionals across Africa.

African-American/Black

English, French

Online/Digital

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Global

#1633764

Singapore

#57158

News and Media

#2189

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Articles

MIT renames Legatum Center to Kuo Sharper Center

1 day ago | africabusinesscommunities.com | Nixon Kanali

The Massachusetts Institute of Technology (MIT) has renamed the Legatum Center for Development and Entrepreneurship into the MIT Kuo Sharper Center for Prosperity and Entrepreneurship. MIT said in a statement that the renaming signifies a renewed commitment to accelerating economic prosperity through innovation-led entrepreneurship in growth markets, including Africa.
Tether and Nuzo partner to onboard 1m African SMBs Onchain

1 week ago | africabusinesscommunities.com | Nixon Kanali

Tether, the world’s largest stablecoin issuer, and Nuzo, Africa’s leading local currency stablecoin platform, have announced a partnership to enable one million African small and medium-sized businesses (SMBs) to access blockchain-based financial services. With an annual profit of $13 billion, Tether is among the most profitable private companies globally, with earnings comparable to those of major financial institutions like Goldman Sachs.
South African fintech Stitch raises $55 million to expand payment solutions across Africa

1 week ago | africabusinesscommunities.com | Nixon Kanali

Stitch, a South African fintech company, has announced a $55 million Series B funding round. The round was led by QED Investors. According to Stitch, the new funding will help its rapidly growing team expand and improve its in-person payments offering. It also plans to enter the acquiring space and strengthen its online payments suite. These developments, it says, aim to better serve enterprise merchants with a full range of payment solutions.
PayPal and TerraPay partner to expand access to cross-border payments across Middle East and Africa

1 week ago | africabusinesscommunities.com | Michelle Waweru

PayPal, a global digital payments and commerce platform, announced a strategic partnership with TerraPay, a global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions.
AfDB launches RASME tool in Egypt to monitor development projects

1 week ago | africabusinesscommunities.com | Michelle Waweru

The African Development Bank Group has launched the innovative RASME (Remote Appraisal, Supervision, Monitoring, and Evaluation) digital platform in Egypt to transform tracking, monitoring, and evaluation of development projects in country.
IFC invests $58 million in Balwin Properties to support quality housing in South Africa

1 week ago | africabusinesscommunities.com | Michelle Waweru

IFC announced a ZAR 1 billion ($58 million equivalent) investment in South Africa’s Balwin Properties to support the property developer to build more than 16,000 houses for low-and-middle income buyers near Johannesburg, helping increase the supply of affordable housing in the country.
InfraCredit secures strategic investment from Mobilist as it transitions to a public company

1 week ago | africabusinesscommunities.com | Michelle Waweru

InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, has announced the successful equity investment by the UK Government-backed MOBILIST programme, alongside other institutional investors, further strengthening its institutional shareholder base following the completion of its equity private placement.
Eskom and Exxaro sign agreement to explore reducing carbon emissions

1 week ago | africabusinesscommunities.com | Michelle Waweru

Exxaro Resources and Eskom signed a Memorandum of Understanding (MoU) that focuses on collaboration on strategic initiatives, research, and projects in the areas of Carbon Emissions Reduction, Air Quality and Just Transition. This is consistent with South Africa’s commitment to achieving the goals of the Paris Agreement, international environmental standards, and national regulatory frameworks.
EquityBCDC provides support to Kinshasa after recent flood emergency

1 week ago | africabusinesscommunities.com | Michelle Waweru

Following the heavy rains that hit Kinshasa on April 4, 2025, causing severe flooding and significant material damage in several neighborhoods of the capital, EquityBCDC has expressed solidarity with the affected families. In response to this humanitarian emergency, the bank provided support to the city authorities through an in-kind donation handed over to the Kinshasa Governorate, aimed at assisting the most affected populations.
Breet 3.0: Making crypto actually spendable in Africa

1 week ago | africabusinesscommunities.com | Andrea Ayemoba

In a world where crypto trading feels like an extreme sport, especially in Africa, Breet has just changed the game. Breet 3.0 has officially launched, bringing Africa's most trusted cryptocurrency exchange to a whole new level with features designed to make crypto not just tradable, but truly spendable. When Good Gets Better: The Breet 3.0 StoryBeing a crypto trader in Nigeria or Ghana often feels like navigating an obstacle course.