Africa Focus

Africa Focus, News In Brief

Rwanda Expands Zipline Partnership to Build Nationwide Health Drone Network

Rwanda has signed an expanded agreement with US based drone logistics company Zipline to roll out nationwide autonomous medical delivery, deepening a partnership that began nearly a decade ago and positioning the country as a reference point for health logistics on the continent. The deal follows a $150 million pay for performance award to Zipline from the US Department of State and marks the first time that funding has been activated through a national scale commitment. As part of the agreement, Rwanda will extend Zipline’s services beyond rural supply routes to include urban deliveries, while also hosting Africa’s first autonomous delivery testing centre. Zipline first launched operations in Rwanda in 2016, working closely with the government to deliver blood, vaccines, and essential medicines to remote health facilities. Since then, the partnership has gradually expanded, supported by data driven assessments of cost, speed, and health outcomes. That long running collaboration now underpins Rwanda’s move toward full national coverage. Under the new phase, Zipline will deploy its Platform 2 urban delivery system in Kigali, where a large share of healthcare demand is concentrated. In addition, a new long range distribution hub will be built in Karongi District, complementing existing facilities in Muhanga and Kayonza. The expansion is expected to extend coverage to more than 11 million people and support several hundred local jobs. Financing for the scale up will combine upfront infrastructure support from the US government with ongoing operational payments from the Rwandan government, reflecting a shift away from donor led pilots toward nationally funded systems. Zipline will also establish its first overseas research and development hub in Rwanda, focused on testing aircraft performance, safety systems, and logistics software. For Rwanda, the agreement builds on a steady strategy of integrating technology into public health delivery. For Zipline, it offers a working model for how autonomous logistics can operate as core infrastructure in African health systems.

Africa Focus, News In Brief

PwC Takes Control of Koko Networks as Kenyan Clean Cooking Startup Enters Administration

PricewaterhouseCoopers has taken over the management of Koko Networks after the Kenyan clean cooking fuel company entered administration, marking a sharp reversal for a startup that once served more than a million low income households. The appointment follows months of mounting financial pressure that culminated in the layoff of over 700 employees on January 31. PwC partners Muniu Thoithi and George Weru were named joint administrators on February 1, according to a notice issued under Kenya’s Insolvency Act 2015. Control of the company’s assets and operations now rests with the administrators, who will oversee creditor claims and assess options for recovery or restructuring. Founded to provide affordable bio ethanol cooking fuel through smart stoves and automated fuel dispensers, Koko built one of East Africa’s largest clean cooking networks. Its model relied heavily on carbon credit revenues to subsidise fuel prices for households earning modest incomes. That structure began to strain after Kenya’s energy regulator, Energy and Petroleum Regulatory Authority, suspended bio ethanol imports in 2024. The decision forced Koko to depend on more expensive local supply, tightening margins and disrupting fuel availability across its network. More recently, the company’s efforts to secure government approval to sell carbon credits internationally fell through. Investors and lenders had tied more than $300 million in equity, debt, and guarantees to the expected carbon revenues. Without that approval, Koko was unable to sustain operations. At its peak, the startup operated about 3,000 fuel shops across Kenya and Rwanda and counted backing from investors including Verod Kepple, Mirova, Rand Merchant Bank, and Microsoft Climate Innovation Fund. Administrators have asked creditors to submit claims within 14 days as the process moves forward.

Africa Focus, News In Brief

Kenya’s Central Bank Flags Cash Bouquet Trend Ahead of Valentine’s Day

Kenya’s central bank is calling for caution around the growing trend of cash bouquets, warning that the decorative use of banknotes could damage currency and breach existing law. The Central Bank of Kenya said it has seen a rise in Kenya Shilling notes being folded, pinned, stapled, or glued into floral arrangements and ornamental displays, particularly around weddings, graduations, and Valentine’s Day celebrations. While the regulator does not oppose cash gifts, it stressed that banknotes should not be altered or defaced in the process. According to the bank, such practices reduce the lifespan of currency and disrupt cash handling systems, including ATMs, counting machines, and sorting equipment as damaged notes are more likely to be rejected during processing, increasing replacement costs for both the public and the banking system. The warning comes as romantic gifting culture continues to evolve across Kenya, blending social media trends with traditions of cash giving. Despite the widespread adoption of mobile money services such as M Pesa, physical cash remains central to transactions and ceremonial exchanges. The central bank also reminded the public that damaging currency carries legal consequences. Kenya’s Penal Code prohibits the defacement or impairment of banknotes issued by the monetary authority. Regulators say preserving the quality of currency supports confidence in the financial system and ensures notes can circulate as a medium of exchange and store of value. As Valentine’s Day approaches, the bank encouraged Kenyans to consider alternative ways of presenting monetary gifts that do not compromise the integrity of the Kenya Shilling.

Africa Focus, News In Brief, Tech

Moniepoint’s Volumes Show How Deep Digital Payments Run in Nigeria

Moniepoint has quietly become one of the central pipes through which Nigeria’s everyday commerce now flows. Internal company data shows the fintech processed more than 14 billion transactions in 2025, nearly triple the 5.2 billion recorded two years earlier, underscoring how fast digital payments are scaling across the country. Those transactions were valued at about ₦412 trillion ($294 billion), almost double the $150 billion processed in 2023. On a monthly basis, Moniepoint averaged roughly 1.67 billion transactions in 2025, up from 433 million previously. The growth reflects broader shifts in Nigeria’s payments landscape. Cash shortages in 2023, banking outages linked to core system migrations, and tighter cash policies from the central bank pushed consumers and merchants toward fintech platforms. In response, Moniepoint and peers expanded aggressively, rolling out point of sale terminals and agency banking services nationwide. Founded by Tosin Eniolorunda, Moniepoint has built its scale by serving small businesses that traditional banks have struggled to reach. Provision stores, transport operators, fuel stations, and market traders now account for a large share of its volumes, making the informal economy a key driver of growth. The transaction depth has also shaped the company’s next phase. In 2025, Moniepoint disbursed more than ₦1 trillion in loans to small businesses, using payment data to manage risk and keep defaults low. It also expanded cards, savings, and remittances as it moved closer to full service banking. This scale places it among influential financial platforms in Nigeria currently.

Africa Focus, African Changemakers, Editors Pick

How Nathan Nwachuku and Maxwell Maduka Are Rewriting Africa’s Defense Story

When African governments think about securing power plants, mining sites or national borders, the instinct has long been to look outward. Imported systems, foreign contractors and long procurement cycles have defined the continent’s defense infrastructure for decades. Nathan Nwachuku and Maxwell Maduka are building in the opposite direction. The Nigerian founders of Terra Industries are part of a small but growing group of African entrepreneurs tackling one of the continent’s hardest problems: how to protect critical infrastructure using locally built, locally operated defense technology. Their bet is that security, like payments or energy, works best when it is designed close to the realities it serves. Founders Building for the Hardest Layer Founded in 2024, Terra Industries reflects its founders’ appetite for complexity. Defense technology is capital‑intensive, highly regulated and politically sensitive. It is not a space that rewards quick wins or surface‑level innovation. But Nwachuku and Maduka chose it anyway. Rather than building consumer software or light enterprise tools, they focused on the systems layer of security. The kind that operates across land, air and water. The kind that must work continuously, quietly and without failure. Their approach combines hardware and software, integrating surveillance drones, automated watchtowers, unmanned ground vehicles and maritime monitoring systems into a single operational platform. At the center is ArtemisOS, Terra’s proprietary software layer that allows security teams to detect threats in real time and coordinate responses with fewer personnel. For the founders, the objective is reliability. Local Manufacturing as Strategy, Not Symbolism One of Terra’s most deliberate choices is where it builds. The company operates a 15,000‑square‑foot manufacturing facility in Abuja, where much of its hardware is produced by African engineers. For Nwachuku and Maduka, this is not a branding exercise. It is a strategic decision aimed at reducing dependence on imported defense systems while building technical capacity locally. In a sector where supply chains are often global and opaque, local manufacturing gives Terra tighter control over deployment, maintenance and iteration. It also aligns with the founders’ broader view that Africa’s security infrastructure should not be permanently outsourced. Investor Confidence in a Difficult Category That vision has attracted serious backing. Terra Industries recently raised $11.75 million in funding led by U.S. venture capital firm 8VC, with participation from Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital, Silent Ventures and Nova Global. The round signals rare investor confidence in an African defense‑technology startup operating at an early stage. Alex Moore, a partner at 8VC and board member at Palantir, sits on Terra’s board. His presence places the company, and by extension its founders, within a global conversation about data‑driven security systems and modern defense infrastructure. For Nwachuku and Maduka, the capital is a tool, not a milestone. It will be used to hire more engineers, expand manufacturing capacity and deploy Terra’s systems across additional African markets. Why Their Timing Matters Africa holds close to 30% of the world’s critical mineral resources, yet insecurity continues to slow infrastructure development and industrial expansion. As global supply chains look increasingly to the continent, the cost of insecure assets is rising. The founders see this clearly. Their argument is straightforward: security infrastructure is economic infrastructure. Without reliable protection, power plants stall, mines shut down and transport corridors fracture. By building security systems designed for African conditions and governance realities, Nwachuku and Maduka are positioning Terra not just as a defense company, but as a foundational layer for long‑term growth. Building Quietly, Building Hard Things Terra Industries is still early. But its founders are operating in a category where patience, discipline and credibility matter more than speed. Nwachuku and Maduka are not trying to out‑market global defense giants. They are trying to out‑understand the terrain, the risks and the institutions they serve. In African technology, the most consequential founders are often those building in spaces few are willing to touch. Defense is one of them. And Terra’s founders are building there, deliberately.

Africa Focus, News In Brief

Startup World Cup Regional Competition Set for Abuja in May

The Startup World Cup’s regional competition is scheduled to hold in Abuja in May, giving African startups a chance to pitch for a place at the global finals and compete for a $1 million investment prize. The competition will run as part of the RegTech Africa Conference and Exhibition in Nigeria’s capital, in partnership with Pegasus Tech Ventures, the organiser of the global Startup World Cup pitch series. Startups across sectors such as fintech, regtech, payments, AI, cybersecurity, digital identity, healthtech, agritech, e-commerce and climate tech can apply to compete. The Abuja event will select one top startup to represent the region at the Startup World Cup global finals, where companies pitch for investor backing and international exposure. Finalists in Abuja will pitch live to a jury of venture capitalists and industry leaders, according to the organisers. RegTech Africa chief executive officer, Cyril Okoroigwe said bringing the Startup World Cup qualifier to Abuja is meant to tighten the link between innovation, regulation and capital. He framed the competition as a route for founders to reach global investors and partners while building solutions that can scale across African markets. For startups, the draw is not only the prize money. The audience typically includes regulators, corporate decision makers, investors and ecosystem partners, which can speed up pilots, partnerships and fundraising for companies building in heavily regulated sectors like finance, identity and cybersecurity. Applications are open, and the organisers urged startups to register early.

Africa Focus, News In Brief

Egypt Brings Banks, Startups, and Regulators Together for AI Everything MEA in Cairo

AI Everything MEA Egypt 2026 is set to hold in Cairo on February 11 and 12, as Egypt and its partners push to make artificial intelligence a working layer inside the economy, not a side project. The event, organised by GITEX GLOBAL and hosted with Egypt’s Ministry of Communications and Information Technology and ITIDA, will bring together technology firms, banks, startups, regulators, and investors, with expected participation from over 60 countries. This timing is closely linked to Egypt’s National AI Strategy 2025 to 2030, which treats AI as a long term national priority. The strategy focuses on practical building blocks like access to computing power, local model development, stronger data governance, and faster adoption across key sectors. Official estimates tied to the plan put AI’s potential contribution to GDP at $42.7 billion over the coming years. Investment momentum is part of the backdrop. Foreign direct investment is estimated to have risen from $10 billion in 2023 to $47 billion in 2024, while Egyptian startups raised $330 million in the first five months of 2025, according to figures referenced in strategy and ecosystem tracking. Finance is expected to be a major theme with sessions to focus on how banks, payment providers, and fintechs are using AI for risk checks, fraud detection, customer support, and compliance work. For African markets where digital payments keep growing, these tools often decide how fast trust, inclusion, and cross border flows can scale. The programme also introduces a Chief AI Officer track for enterprise leaders, with closed door discussions on deployment, governance, and alignment with national priorities.