Sunday, October 11, 2026 · Lagos · Nairobi · Cairo · Johannesburg
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Spiro raises $215 million for battery swapsSeptember funding: $260.3 million across 54 dealsAeon raises $1 million, led by Terra IndustriesPaystack lets AI agents pay for airtime and ChowdeckSouth Africa pulls an AI policy written by AIMeet Dada Iyanuoluwa, the young founder of TermResultAlliance puts $500,000 into Kenyan fintech Cloud9Moniepoint gives informal traders an AI they can talk toPaymob raises $35 million in EgyptArc Ride raises $33.3 million in NairobiSpiro raises $215 million for battery swapsSeptember funding: $260.3 million across 54 dealsAeon raises $1 million, led by Terra IndustriesPaystack lets AI agents pay for airtime and ChowdeckSouth Africa pulls an AI policy written by AIMeet Dada Iyanuoluwa, the young founder of TermResultAlliance puts $500,000 into Kenyan fintech Cloud9Moniepoint gives informal traders an AI they can talk toPaymob raises $35 million in EgyptArc Ride raises $33.3 million in Nairobi
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AI

Products in market, and the policies trying to catch them.

Fintech

Paystack is letting AI agents pay for airtime, transfers, and Chowdeck

Index, built with TSG Labs, is an early-access checkout inside ChatGPT, Claude, and OpenClaw. It is live first for Zap users in Nigeria.

Fintech

Bujeti opens its AI finance “teammates” to every business on the platform

The Y Combinator company, used by more than 2,000 finance people in Nigeria and Kenya, has taken Brain out of private beta.

Fintech

Moniepoint marks ten years by giving informal traders an AI they can talk to

The chatbot, called M, sits inside the same app traders already use for payments. The company says it processes more than a billion transactions a month.

Policy

South Africa will redraft its AI policy after the first version was written by AI

The communications department withdrew a white paper that contained hallucinated citations. A new draft is expected before cabinet late this financial year.

Policy

Kenya’s AI bill would create a commissioner, sandboxes, and fines

Senate Bill No. 4 of 2026 had its first reading in April. It tries to regulate AI without flattening the country’s software industry.

East Africa

Safaricom is spending $500 million to make M-Pesa a software company

The plan runs to 2030: AI in fraud and customer service, a Nairobi data campus, and a super-app where other startups can live.

Opinion

If a ministry’s AI policy is written by AI, read the footnotes first

South Africa withdrew a white paper full of invented citations. Kenya is trying to legislate before that embarrassment. Both are ahead of doing nothing.

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