Global impact investor Lightrock has closed a USD 500 million fund, named Accelerate7, targeting growth-stage companies working on energy access across Sub-Saharan Africa, South Asia, and Southeast Asia. The fund counts Shell, TotalEnergies, Equinor, and LGT Group among its investors. It will deploy tickets ranging from USD 10 million to USD 50 million into businesses […] The post Lightrock Closes $500M Accelerate7 Fund to Back Energy Access Startups appeared first on Tech In Africa.

Egyptian startup support platform GrowthLabs has acquired Startup Gate in a transaction valued at approximately EGP 35 million, equivalent to roughly USD 656,000. The deal merges GrowthLabs’ “Catalyst OS” backend, used by accelerators and incubators, with Startup Gate’s front-end founder-investor network. Startup Gate was founded in 2025 by Emmy Tawfik The combined platform is positioned […] The post Egypt’s GrowthLabs Acquires Startup Gate in $656K Deal appeared first on Tech In Africa.

The West African Development Bank (BOAD) and French development finance institution Proparco have signed a EUR 200 million cross-currency financing agreement targeting private sector expansion across the West African Economic and Monetary Union (WAEMU). The deal, structured by advisory firm Galite, uses a euro-to-CFA franc cross-currency mechanism designed to expand local-currency lending, strengthen foreign exchange […] The post BOAD and Proparco Close EUR 200M Cross-Currency Deal for WAEMU Private Sector appeared first on Tech In Africa.

Maintaining a home swimming pool often looks simple from the outside, but in reality it involves continuous and repetitive cleaning cycles that rarely end. Leaves, dust, insects, pollen, and fine debris constantly enter the water, especially in outdoor environments where pools are exposed to wind and seasonal changes. Even after a complete cleaning session, new […] The post How Pool Robots Reduce Repetitive Home Pool Cleaning appeared first on Tekedia.

The rise of tokenized exchange-traded funds (ETFs) crossing a combined onchain market capitalization of over $430 million marks a structural shift in how traditional financial instruments are being issued, held, and settled. According to data from Token Terminal, this milestone reflects accelerating demand for bringing regulated financial exposure into blockchain-native environments, where settlement finality, composability, […] The post Tokenized Exchange-Traded Funds Have Crossed $430M Onchain Market Capitalization appeared first on Tekedia.

The European Union is preparing sweeping new supply-chain rules that would force companies across key industries to diversify suppliers and reduce dependence on China, marking one of Brussels’ most aggressive economic security moves yet against Beijing’s dominance in critical manufacturing materials and industrial components. According to the Financial Times, the proposed rules would require companies […] The post EU plans supply-chain overhaul to curb dependence on China as trade tensions deepen appeared first on Tekedia.

Intel Chief Executive Officer Lip-Bu Tan said the company’s foundry business is beginning to gain traction, signaling growing confidence that the struggling American chipmaker may finally be making progress in one of the most expensive and strategically important turnarounds in semiconductor history. Speaking Monday on CNBC’s Mad Money, Tan said Intel’s efforts to manufacture chips […] The post Intel’s Lip-Bu Tan Says Foundry Turnaround Is Gaining Momentum as Chipmaker Pushes to Challenge TSMC appeared first on Tekedia.

Oil markets surged sharply after Donald Trump warned Iran that the clock is ticking, reigniting fears of a broader geopolitical confrontation in the Middle East and raising concerns over global energy security. The statement, posted on Truth Social following reports of stalled negotiations between Washington and Tehran, immediately shook financial markets, sending Brent crude above […] The post Global Oil Price Skyrocket After Trump’s Rhetoric “Clock is Ticking” appeared first on Tekedia.

Meta is set to begin another major round of layoffs this week, with approximately 8,000 employees expected to lose their jobs starting Wednesday as the company intensifies its aggressive pivot toward artificial intelligence. The layoffs, which represent roughly 10% of Meta’s workforce, come alongside plans to eliminate 6,000 open positions that were previously slated for […] The post Meta Deepens Workforce Cuts as AI Investments Reshape Workforce Strategy appeared first on Tekedia.

A California jury has handed a sweeping legal victory to OpenAI and Chief Executive Sam Altman, rejecting claims by billionaire entrepreneur Elon Musk that the artificial intelligence company defrauded him by abandoning its original nonprofit mission in pursuit of profit. After less than two hours of deliberation on Monday, jurors in an Oakland federal courtroom […] The post OpenAI defeats Musk in landmark trial, clearing Altman as jury rejects fraud claims appeared first on Tekedia.

British universal bank and financial services group HSBC has launched a dedicated $4 billion credit facility to support the international expansion of mainland Chinese companies operating in sectors tied to clean energy, electric vehicles, artificial intelligence, and digital infrastructure, positioning the bank to capitalize on the accelerating global race for low-carbon and AI-linked industrial growth. […] The post HSBC Unveils $4bn Green Finance Push for Chinese Firms as AI, EV, and Energy Demand Reshape Global Capital Flows appeared first on Tekedia.

The rapid acceleration of artificial intelligence is no longer a theoretical discussion confined to research labs or science fiction. It is becoming a defining force in the global economy, reshaping industries, labor markets, and the very nature of professional work. Recent comments from leaders in technology and finance have intensified this debate. The CEO of […] The post Global Workforce Entering Most Transformative Period in Modern Economic History Courtesy of AI appeared first on Tekedia.

Artificial intelligence startup Anthropic is preparing to brief the global Financial Stability Board on cyber vulnerabilities identified by its powerful new AI model, Mythos. The development is now intensifying fears across financial markets that next-generation artificial intelligence could expose critical weaknesses in the world’s banking infrastructure. According to the Financial Times, Anthropic plans to discuss […] The post Anthropic To Brief the Global Financial Stability Board On Cyber Vulnerabilities Identified By Mythos appeared first on Tekedia.

In a major step toward merging traditional finance with blockchain technology, the U.S. Securities and Exchange Commission (SEC) is set to release an “innovation exemption” that would pave the way for tokenized versions of U.S. stocks to trade on crypto platforms. According to a Bloomberg report, the proposal could drop as soon as this week. […] The post From Crypto to Wall Street: U.S SEC Set to Approve Blockchain Tokenized Stock Trading appeared first on Tekedia.

MTN’s IHS Towers acquisition could reshape connectivity, competition, and startup opportunities across Francophone Africa’s digital economy.

Anthropic released a 31-page guide on prompting Opus 4.7, a document that formalizes advanced instruction design for its most capable model family. The guide reflects a broader industry shift toward treating prompting as an engineering discipline rather than an intuitive craft, emphasizing reproducibility, evaluation, and structured reasoning workflows for production deployments. Anthropic AI shift is […] The post Impacts of Opus 4.7 Prompting Guide as a Systematic Engineering Practice appeared first on Tekedia.

Goldman Sachs’ reported shift in exposure—selling positions in Solana and XRP while initiating a position in a Hyperliquid digital asset treasury (DAT) structure—signals an evolving segmentation in institutional crypto allocation strategies. The rotation, if taken at face value, is less about abandoning large-cap digital assets and more about repricing where asymmetric returns are now perceived […] The post Goldman Sachs Sells Part of Solana and XRP Position While Initiating HYPE Chase appeared first on Tekedia.

Berkshire Hathaway reshuffled major positions in its equity portfolio during the first quarter, sending several stocks higher in early trading Monday as investors assessed what appears to be the first significant portfolio repositioning under new chief executive Greg Abel. The filing, released Friday, offered Wall Street its clearest look yet at how Berkshire’s investment strategy […] The post Berkshire Revamps its Portfolio, Signaling Greg Abel’s Major Shift from Buffett Era Holdings appeared first on Tekedia.

Since the start of the year, DraftKings stock shares have lost about 30% of their value, and over the past twelve months the decline has exceeded a third. The reason was not that investors lost faith in the core business itself, but the rapid growth of prediction markets, which are siphoning off user attention and […] The post DraftKings stock shares are down nearly DraftKings stock and the company is responding by betting on a super app appeared first on Tekedia.

Shein is acquiring U.S.-based apparel retailer Everlane from majority owner L Catterton in a deal reportedly valuing the struggling fashion brand at about $100 million. The transaction highlights how Chinese-founded online retailers continue expanding globally even after Washington moved to curb one of their biggest competitive advantages. According to Puck News, the acquisition would leave […] The post Shein moves to acquire Everlane in a $100m Deal, Signaling Chinese Retailers’ Growth Despite Suspension of de minimis appeared first on Tekedia.

KPMG is testing an artificial intelligence-powered simulation platform designed to help junior tax employees develop skills that traditionally took years of repetitive client work to acquire, underscoring how large professional-services firms are rethinking workforce training as AI rapidly automates entry-level tasks. The system, called TaxSIM, is being developed with Centaurian AI and is expected to […] The post KPMG Turns to AI Simulations to Replace Years of Repetitive Tax Training as Automation Reshapes White-Collar Work appeared first on Tekedia.

In a landmark development for Uganda’s digital infrastructure, Elon Musk owned satellite internet service, Starlink, has secured its operational license in Uganda. The milestone comes after Uganda’s President Yoweri Museveni presided over the signing of a Memorandum of Understanding (MoU) and operational license agreement between the Uganda Communications Commission (UCC) and Starlink. The ceremony which […] The post Starlink Secures Operational License in Uganda appeared first on Tekedia.

The White House’s disclosure of new trade arrangements emerging from recent high-level talks between the United States and China marks a calibrated attempt to stabilize one of the world’s most consequential economic relationships. While the full legal texts of the agreements remain under negotiation, the administration’s framing signals a pragmatic shift toward managed competition rather […] The post United States and China Entering a Phase of Controlled Interdependence appeared first on Tekedia.

The return of cheaper diesel prices in Germany marks a notable shift in Europe’s energy and transportation landscape. For the first time since early March, diesel has fallen below the price of petrol, reversing a trend that had persisted for months and affecting millions of motorists, logistics operators, and industrial businesses across the country. While […] The post Return of Cheaper Diesel Prices in Germany a Notable Shift in Europe’s Energy appeared first on Tekedia.

The price of Bitcoin has dropped below the key $77,000 level, trading as low as $76,773 on Sunday evening. The massive selloff has erased recent gains and triggered significant liquidations across the crypto market. BTC Price dropped as concerns rose over higher inflation, surging bond yields, uncertainty around U.S. interest rate cuts, and renewed geopolitical […] The post Bitcoin Falls Below $77,000 as Sharp Selloff Rattles Crypto Market appeared first on Tekedia.

The debate over cryptocurrency derivatives regulation is entering a new phase as the Hyperliquid Policy Center argues that onchain perpetual futures markets offer superior efficiency and transparency compared to traditional financial systems. The discussion has intensified amid reports that major exchanges such as Intercontinental Exchange and CME Group are pushing for stronger oversight from the […] The post Hyperliquid Policy Center Argues Onchain Perpetual Futures Markets Offer Superior Efficiency and Transparency appeared first on Tekedia.

U.S. equities are continuing to trade near record-sensitive levels on the back of strong corporate earnings and sustained enthusiasm around artificial intelligence, but investors and strategists are warning that markets are underestimating the risk of renewed inflation pressures and a destabilizing rise in bond yields. The concern has sharpened after a recent jump in Treasury […] The post Investors Warn of Bond Yield Spike and Inflation Risks Even as AI-Led Earnings Rally Pushes Stocks Higher appeared first on Tekedia.

As AI-generated music becomes harder to distinguish from human-created work, streaming platforms are being forced to answer uncomfortable questions about impersonation, fraud, ownership, and authenticity. For Spotify, this means introducing new safeguards to promote AI transparency on its platform.

The transition comes a month after Shagaya announced the launch of Myka, his newly founded insurance startup.

The figures point to a broader shift in how restaurant chains are expanding in African cities, where logistics capacity is becoming as important as opening new outlets.

In today's edition: Kenya has a new tax chief || Fawry seeks licence for inbound remittances || Ethiopia gives timeline for cloud project || Kenyan transport workers go on strike

Nigeria’s digital economy is often measured in abstractions. Analysts discuss broadband penetration, mobile subscriptions, digital inclusion, and internet access. Yet beneath these metrics lies a more revealing question. What exactly are Nigerians doing with their data every day? The answer matters because it reveals the behavioural engine powering one of the country’s fastest growing sectors. […] The post The Hidden Behaviour Behind How Nigerians Use Data Every Day appeared first on Tekedia.

Nigeria’s digital economy is frequently described through the language of infrastructure. Analysts speak of internet penetration, smartphone adoption, broadband rollout, and rising data subscriptions. These metrics are important because they help us understand access and scale. Yet they leave a deeper question unanswered. What actually powers Nigeria’s multi-trillion-naira telecom economy? The instinctive answer is internet […] The post The Real Engine of Nigeria’s N6 Trillion Data Economy appeared first on Tekedia.

Myanmar’s proposed crackdown on cybercrime and digital fraud marks one of the harshest legal responses yet to the growing epidemic of online scam operations across Southeast Asia. A newly proposed bill seeks to impose the death penalty for individuals involved in coercing victims into scam compounds, while also introducing life imprisonment for serious cryptocurrency-related fraud […] The post Myanmar’s Proposed Legislation Highlights the Growing Convergence of Cybercrime and Cryptocurrency Fraud appeared first on Tekedia.

The cryptocurrency industry is entering what many executives describe as a new era, one where digital asset platforms are no longer built solely for professional traders and blockchain developers, but for mainstream consumers who want seamless access to financial markets. That vision was recently reinforced by Jito CEO Lucas Bruder, who argued that crypto users […] The post Crypto Industry Entering What Many Executives Describe as a New Era for Consumer Access to Finance appeared first on Tekedia.

The US Senate committee’s approval of a crypto market structure bill marks a procedural milestone, but it does not yet translate into durable legislative momentum. The bill now enters a far more complex phase—one defined less by technical drafting and more by entrenched jurisdictional conflict, institutional lobbying, and unresolved policy questions about how digital asset […] The post US Senate Committee’s Approval Marks a Procedural Milestone for the Crypto Industry appeared first on Tekedia.