“I’ll be lucky to get back what I put in”: MTN’s Zakhele Futhi leaves investors disappointed with low returns
MTN's Zakhele Futhi (MTNZF) will begin paying out shareholders on July 28, 2025. Investors express disappointment as payouts fall short of initial promises.
AI is learning to speak African languages, thanks to these startups
Intron uses voice-based AI to help healthcare professionals enter medical records using speech, significantly reducing documentation time. The startup has expanded its services to over 30 hospitals in Nigeria and Kenya, caring for more than 56,000 patients.
Rally Cap partially exits its investment in South African fintech Stitch
Rally Cap partially exited its investment in Stitch after the company raised $55 million in a Series B round. Rally Cap was founded in 2020 and raised its first fund of $30 million in 2022.
Kenyan BNPL startup Wabeh halts operations as defaults rise, cash flow tightens
Wabeh paused operations in July, citing the need to simplify its operational model. The company faces growing claims of customer defaults and cash flow strain.
