Ghana Secures $1 Billion UAE-Backed Innovation Hub to Drive Africa’s AI Leadership

Ghana and the UAE’s Ports, Customs and Free Zone Corporation have signed a $1 billion agreement to build a large-scale innovation hub near Accra. The project, launching in 2026, aims to position Ghana as a continental leader in AI and digital technology, leveraging local talent trained under Ghana’s “One Million Coders” program. The UAE’s PCFC will bring funding, technology, and global partnerships to the initiative, marking their first hub in Africa. This strategic move is expected to create thousands of jobs and accelerate Africa’s digital transformation.

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AXIAN Telecom Acquires 8% Stake in Jumia Technologies, Signaling Renewed Confidence in African E-commerce

AXIAN Telecom has acquired an 8% stake in Jumia Technologies, reaffirming confidence in the e-commerce platform’s fintech and logistics strengths. This strategic move aligns with AXIAN’s mission to promote digital and financial inclusion across Africa. Jumia is focused on core markets and growth verticals under new leadership, signaling a strong turnaround.

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ElGameya Secures Seven-Figure Funding to Scale Financial Inclusion in Egypt

ElGameya’s recent seven-figure funding round empowers the fintech to scale its innovative, app-based savings platform targeting underserved Egyptian communities. With nearly one million users and strong growth, the investment supports product development and expansion, advancing financial inclusion and flexible credit solutions across diverse population segments.

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