Tech (968)
• EXIM approves $47M for Côte d’Ivoire digitization project
• U.S. firms, including AWS and Cisco, to implement system
• Project counters China, supports 100 U.S. jobs via CTEP
The Export-Import Bank of the United States (EXIM) board of directors approved on Friday a $47 million financing package for the digitization of Côte d’Ivoire’s Ministry of Commerce and Industry. The project will be implemented by the Washington-based Cybastion Institute of Technology in partnership with technology giants such as Cisco, Amazon Web Services (AWS), Motorola Solutions, and Microsoft.
"Supporting the digitization of Côte d'Ivoire’s Ministry of Finance reinforces EXIM’s commitment to countering the rise of People’s Republic of China (PRC)’s influence. By approving today’s transaction, we are supporting around 100 jobs and countering the PRC by fortifying and securing our supply chains," said James Cruse, EXIM's acting chairman.
The initiative is part of the China and Transformational Exports Program (CTEP), a program launched by EXIM to support strategic U.S. technology exports, particularly in the face of Chinese competition. For Ivory Coast, this project supports its ambition to digitally modernize its administration.
The project, which is about to begin, aims to modernize the ministry's information systems, strengthen cybersecurity, integrate cloud solutions, and improve administrative efficiency. The goal is to enhance the transparency and responsiveness of public services, streamline procedures for businesses, and increase the country's attractiveness to investors. It also represents a significant step toward establishing a more competitive industrial and commercial environment that is better aligned with international standards.
Samira Njoya
• Super apps centralize services, boosting digital access in Africa
• Platforms like M-Pesa and Gozem drive regional adoption
• Infrastructure, regulation, and trust remain major challenges
A new generation of all-in-one applications, known as "super apps," is emerging in Africa, capable of managing a wide range of services from a single smartphone. Modeled on successful Asian platforms like WeChat and Grab, these apps integrate messaging, payments, transport, e-commerce, and even health services, providing centralized access to multiple functions. On a continent where a mobile phone is often the first point of entry to the digital world, super apps are positioning themselves as a strategic lever for accelerating digital transformation.
The super app model holds particular promise for Africa. The GSMA projects that the continent will have more than 1.1 billion mobile subscribers by 2028, even with limited physical infrastructure and banking access. By centralizing services into one application, these platforms address tangible needs for both urban and rural populations while promoting financial inclusion.
Market Leaders and Growth Drivers
Several companies are already competing in this market. M-Pesa, launched by Safaricom in Kenya, is a prominent example. Initially a money transfer service, it has evolved into a multifunctional platform that includes merchant payments, microcredit, and insurance. In West Africa, Gozem, often called "Africa’s Gojek," combines transport, delivery, mobile money, and financial services, with a strong presence in Togo and Benin. In East Africa, SafeBoda offers a similar model, ranging from motorcycle taxi booking to digital payments. Telecom operators are also developing their own ecosystems, such as Orange's Max It app, which offers mobile payments via its Orange Money service, as well as phone credit purchases, streaming television, and online shopping.
Super apps represent more than just a technical innovation. They contribute to digital and financial inclusion by reducing dependence on cash, democratizing access to services once reserved for those with bank accounts, and providing a digital storefront for small businesses. Artisans, traders, and informal entrepreneurs can reach new customers, accept electronic payments, and apply for micro-loans. These apps could also become growth engines by integrating services related to education, health, or agriculture.
Persistent Challenges
While the potential is immense, significant obstacles remain. Developing a super app requires massive investment in digital infrastructure and cybersecurity. The regulatory frameworks, which are often fragile regarding personal data management and consumer protection, present another barrier. Furthermore, a shortage of specialized skills slows the design and maintenance of these complex ecosystems. Finally, user trust remains a critical issue, as many people are still wary of digital services.
Africa does not need to simply copy the Asian model; it can create its own solutions adapted to local economic and social realities. For example, super apps could integrate cross-border payments to support the African Continental Free Trade Area or use artificial intelligence to optimize agricultural services and expand access to health and education via mobile devices. If these challenges are overcome, super apps could become a pillar of the continent's economic competitiveness by combining technological innovation, financial inclusion, and sustainable development.
Samira Njoya
The initiative represents a linchpin in the nation’s journey to a modern, resilient, and inclusive digital government. With AI skills, officials could automate repetitive tasks, draw insights from complex datasets, and craft more responsive policies.
Kenya is gearing up to overhaul government operations with AI, aiming to equip 100,000 public servants with the skills to make it happen. The initiative was formally set in motion at the first Project Implementation Board meeting of the Regional Centre of Competence (RCOC) for Digital and AI Skilling held on August 11. The meeting was co-chaired by the Ministry of Public Service and the United Nations Development Programme (UNDP).
For the Principal Secretary for ICT and Digital Economy, Eng. John Kipchumba Tanui, “With these steps, Kenya is firmly positioning itself as a continental hub for AI excellence — boosting efficiency, decision-making, and inclusive governance.” This vision is supported by a deepening partnership among the government, UNDP, Microsoft, and other collaborators, who will provide curriculum expertise, technology access, and research support to ensure the training is both practical and forward-looking.
The RCOC, based at the Kenya School of Government, will serve not just as a national training hub but as a continental blueprint for AI capacity building, with Kenya pledging to share its model and resources with 37 African nations. At the meeting, government leaders, development partners and tech experts endorsed the Project Board and approved an implementation plan that sets the stage for AI integration into public service delivery.
A core element of the plan is the commitment to train 100,000 civil servants in AI applications, starting with an initial cohort of 10,000 selected through transparent, merit-based criteria. Already, two-thirds of this first group are ready to begin training. The programme will integrate AI tools directly into public workflows, spanning policymaking, service delivery, and data management, enabling faster decision-making and more inclusive governance.
Public service upskilling is especially urgent. Digital transformation initiatives like the Digital Masterplan 2022–2032 aim to digitize 80% of government services, connect 100,000 km of fibre, and roll out nationwide public Wi-Fi. Yet these systems can only achieve their full potential if managed by officials who understand, adapt, and innovate with new technologies.
AI can speed up service delivery, strengthen data-driven decision-making, and make government operations more transparent and efficient. And with training rolled out in partnership with UNDP and Microsoft, public servants will gain access to globally benchmarked curricula, tools, and research networks.
If successful, the programme could serve as a model for other African nations, helping bridge the continent’s digital skills gap while enabling governments to lead in AI adoption rather than lag behind it.
Hikmatu Bilali
He has made the digitization of supply chains his main area of innovation, offering concrete solutions to rethink industry practices. He combines technology and efficiency to improve supplier relationships.
South African entrepreneur Clive Govender specializes in management consulting, supply chain, and digital transformation. He is the founder and CEO of Adapt Digital Solutions, a technology firm based in South Africa.
Founded in 2020, Adapt Digital Solutions develops digital solutions to help companies improve supplier diversity, reduce supplier-related risks, and optimize operational costs within their supply chains.
A key achievement for the company is the Mining Enterprise and Supplier Development (ESD) Platform, developed in collaboration with Accenture. Launched in 2022, this cloud-based platform supports South Africa’s mining industry by managing the complete lifecycle of local supplier development. Its features include company registration, verification, technical and financial support, and transparent publication of sourcing opportunities.
In addition to his work at Adapt Digital Solutions, Govender is also the founder and managing director of CGC Consulting, a firm he established in 2016. CGC Consulting focuses on transforming procurement processes and structures to help clients improve logistical efficiency. The company offers comprehensive procurement and supply chain management solutions aimed at generating tangible value for businesses.
Govender holds a bachelor's degree in economics and business management from the University of South Africa, a bachelor's in operations management from the University of Hertfordshire in England, and a master's degree in business strategy from Henley Business School.
His professional career began in 1995 as a quality manager at ABB, a role he held until 1997. He returned to the company in 2000 as a business process general manager before being promoted to vice president of supply chain management and sustainable development in 2001. Between 2006 and 2016, he served as head of procurement and supply chain for Anglo American Platinum, a global mining company with operations in South Africa.
Melchior Koba
Africa’s Urban Population Is Growing Rapidly, Straining Infrastructure and Services. Smart cities are emerging as an innovative solution to better manage energy, mobility, and the environment, while promoting inclusion.
Smart cities are emerging as a strategic solution to manage Africa's rapid urbanization, a demographic shift putting immense pressure on the continent's infrastructure and public services.
According to the United Nations, nearly 60% of Africa’s population will live in urban areas by 2050, up from about 43% today. This accelerated population growth is profoundly transforming urban landscapes and straining mobility, resource management, and public services. In response, a number of nations are embracing the smart city concept.
These projects integrate advanced technologies like the Internet of Things, artificial intelligence, data platforms, and Geographic Information Systems. The goal is to optimize public services, improve mobility, monitor the environment, and promote social inclusion. Ultimately, a smart city aims to combine technological innovation, sustainable development, and citizen participation to create a more efficient, attractive, and resilient living environment.
Concrete Projects Emerge Across the Continent
Several African nations are advancing with smart city initiatives. Kenya is developing Konza Technopolis, a hub that integrates businesses, universities, and innovation centers. In Senegal, the city of Diamniadio aims to decongest the capital of Dakar by creating a modern city with administrative, industrial, and residential zones. Morocco is focusing on the intelligent management of water networks, public lighting, and traffic in several cities. Meanwhile, an ambitious project in Tunisia plans for the continent's first smart automotive city, a hub that could generate up to 100,000 jobs by combining industrial production, technological innovation, and sustainable urban planning.
These initiatives are part of a global market poised for rapid growth. Fortune Business Insights estimates that the global smart cities market, valued at $623.9 billion in 2023, is projected to reach $4.65 trillion by 2032, with a compound annual growth rate of 25.2%. While North America currently leads the market with a 40.87% share, Africa has immense potential to catch up due to its favorable demographics and the significant room for improvement in its infrastructure.
Challenges and Outlook
Despite the potential, the implementation of smart cities in Africa faces significant hurdles. The high costs of design, construction, and maintenance are a major challenge, compounded by a scarcity of suitable financing. Regulatory frameworks, particularly for data protection and cybersecurity, are often insufficient. Furthermore, a shortage of skilled labor limits countries' ability to design and manage these complex systems. Social acceptance is also a key factor, as citizen engagement is essential for a project's success. Finally, Africa must ensure that these technologies do not widen the digital divide, benefiting only affluent neighborhoods at the expense of disadvantaged areas.
If these obstacles can be overcome, the benefits for the continent could be substantial. Smart cities could lead to accelerated infrastructure modernization, optimized urban management, reduced operational costs for local authorities, large-scale creation of skilled jobs, and a notable improvement in quality of life. These cities have the potential to become regional engines of competitiveness while contributing to the Sustainable Development Goals, providing Africa with a crucial lever for its urban and economic future.
Samira Njoya
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Senegal and BOAD discussed using the Digital Transformation Fund to modernize public services.
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Fund would back projects under Senegal’s $1.7 billion Technological New Deal.
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Plan faces a 155 billion CFA franc funding gap.
Senegal’s Minister of Communication, Telecommunications, and the Digital Economy, Alioune Sall, met with a delegation from the West African Development Bank (BOAD) on Thursday, August 7. The meeting focused on strengthening Senegal's digital sovereignty and improving the efficiency of public services through a new partnership.
Discussions centered on the Digital Transformation Fund (FTD), an innovative financing mechanism backed by BOAD and the German bank KfW. The fund aims to support high-impact digital projects that can modernize the country's information systems and public services.
The two parties identified potential synergies between the FTD’s financing and the priority projects outlined in Senegal's national digital strategy, the Technological New Deal. BOAD reaffirmed its commitment to supporting Senegal's digital transformation and strengthening its administration through strategic partnerships.
If the collaboration moves forward, BOAD could finance critical infrastructure and public service digitization projects, helping to create a more dynamic digital ecosystem. This support would allow Senegal to accelerate its Technological New Deal objectives, while also boosting its digital sovereignty and economic competitiveness.
The Technological New Deal has an overall budget of 1,105 billion CFA francs ($1.7 billion). Of that amount, 950 billion CFA francs have been identified, including 150 billion from private financing and 800 billion from the "Vision 2050" transformation agenda. This leaves a shortfall of 155 billion CFA francs to be mobilized to fully achieve the plan's objectives.
Samira Njoya
• Mauritania launched a platform to digitalize mining permit oversight and boost transparency.
• Users can securely submit production, expense, and CSR data.
• The move modernizes a sector making up 23% of GDP amid weak e-governance.
Mauritania’s Ministry of Mines and Industry has launched a new digital platform to monitor and oversee mining and quarrying permits. The initiative is designed to increase transparency, ensure data reliability, and simplify administrative procedures for granting and supervising licenses.
The platform requires a secure login and allows permit holders to submit technical and production data, expense documents, and updates on their corporate social responsibility. Users can also file various administrative requests, such as sample submissions and approval applications.
The confidentiality of all data is protected under Article 59 of the mining law, which covers activity declarations, environmental, administrative, and financial monitoring, and the transfer of mandatory information. The ministry has instructed license holders to contact its regional offices or email Cette adresse e-mail est protégée contre les robots spammeurs. Vous devez activer le JavaScript pour la visualiser. to get their login credentials and a user guide.
This platform arrives as Mauritania's e-governance is still developing. The country ranks 174th out of 193 in the United Nations Global E-Government Development Index with a score of 0.3491. This low ranking highlights a significant gap in digital infrastructure, access to online public services, and the use of technology within the government.
The digitalization of mining oversight is a key step for a sector that contributes about 23% to Mauritania's national GDP. It could improve transparency among stakeholders and make the country more attractive to investors. By centralizing data and streamlining communication between the government and operators, the platform provides a strategic tool for a more rigorous and modern regulation of Mauritania’s extractive activities.
Samira Njoya
• BCEAO to launch instant payment system (PI-SPI) for WAEMU in September.
• Enables real-time transfers across banks, microfinance, and mobile money.
• Supports rising digital use; e-money accounts hit 209M in 2023.
The Central Bank of West African States (BCEAO) announced on Friday that its Interoperable Instant Payment System Platform (PI-SPI) is scheduled to launch at the end of September. The new regional infrastructure is designed to facilitate real-time money transfers within the WAEMU area.
The system will allow clients of banks, microfinance institutions, and electronic money operators to make instant, secure, and interoperable transfers regardless of the account type or channel used. Pilot tests have been underway with a sample of selected clients since June 5 to assess the system's performance under real conditions.
This unified payment system was established to meet the growing demand for faster, safer, and more accessible financial services in West Africa. According to a BCEAO report, the number of active electronic money accounts in the WAEMU area rose from 157 million to 209 million between 2022 and 2023, an increase of 32.74%. These services now contribute to 56% of the region’s overall financial inclusion rate, which was 72.3% at the end of 2023.
With PI-SPI, the central bank is advancing its payment system modernization plan and facilitating the interconnection of various financial players in the region. The goal is to build a more integrated ecosystem that can support the growth of fintechs, streamline electronic flows, and reduce the region's dependence on cash.
Ultimately, the system could encourage wider adoption of digital payment methods for daily use and expand access to financial services in areas underserved by traditional networks. By connecting financial sector players, this initiative paves the way for unprecedented regional interconnection.
Samira Njoya
The partnership talks to Kenya’s biggest digital ambitions — secure infrastructure, AI-powered governance, globally competitive talent, and sovereign data control. By collaborating with a global tech heavyweight like Microsoft, Kenya can de-risk its digital transformation journey while unlocking new economic opportunities for its citizens.
On July 31, a high-level meeting was convened between senior government officials and a Microsoft delegation to explore strategic areas of collaboration aimed at accelerating Kenya’s digital transformation. The discussions focused on enhancing cybersecurity, fortifying the security of public infrastructure and citizen data, and rolling out Digital Hubs across the country to foster innovation and connectivity.
In attendance from the government were Principal Secretaries Stephen Isaboke (Broadcasting & Telecommunications) and Eng. John Tanui (ICT & Digital Economy), along with Emmanuel Kata, Secretary of ICT and Security Audit Control. Representing Microsoft were Rashida Hodge, Corporate Vice President of Data and AI Customer Success; Aarti Borkar, Corporate Vice President of Security, Customer Success & Incident Response; and Phyllis Migwi, Country Manager, Microsoft Kenya, among other senior executives.
A key highlight of the meeting was the integration of Artificial Intelligence (AI) across government operations. Both parties emphasized the importance of mainstreaming AI to improve service delivery, strengthen policymaking, and build institutional resilience. This initiative is expected to position Kenya as a leader in AI adoption within the public sector.
The dialogue also delved into strengthening Data Governance and Compliance frameworks. The government and Microsoft explored ways to promote trusted cloud partnerships while ensuring sovereign control over national data assets. This approach aims to reinforce public trust and safeguard sensitive information in an increasingly digital world.
The high-level engagements with Microsoft come at a pivotal moment in Kenya’s digital journey. According to the latest GSMA report, Driving Digital Transformation of the Economy in Kenya, the digital economy is projected to contribute KSh 662 billion to GDP by 2028, up from KSh 421 billion in 2022. Realising this potential requires rapid expansion of secure digital infrastructure, cloud services, AI-enabled public service delivery, and trusted data governance — all areas central to the discussions. By partnering with global technology leaders, Kenya aims to not only safeguard its digital transition but also unlock new economic value, accelerate job creation, and cement its position as a regional hub for innovation.
Hikmatu Bilali
• Senegal reviewed progress of the Force-N digital jobs program ahead of its 2026 end.
• Backed by Mastercard Foundation, it targets 70,000 jobs and 1,000 startups.
• To date: 2,548 trained, 13,554 linked to jobs, 7 startups created.
Senegal’s Minister of Higher Education, Research and Innovation, Dr. Abdourahmane Diouf, chaired the first Steering Committee meeting for the Force-N program on Tuesday, July 29, in Diamniadio. The program was developed by the Cheikh Hamidou Kane Digital University (UNCHK) in partnership with the Mastercard Foundation.
The committee, which includes key institutional stakeholders from the presidency, prime minister's office, and various ministries and partners, reviewed the program's progress. It also defined its strategic direction and worked to strengthen its governance and nationwide deployment.
Launched in 2022 as a five-year initiative, Force-N aims to create 70,000 jobs for young people, support 10,000 entrepreneurs, and launch 1,000 startups in the digital sector. The program focuses on five key pillars: training, professional integration, entrepreneurship, digitalization of public administration, and the promotion of artificial intelligence.
Although it predates the Technological New Deal, Force-N aligns with its goals and those of the 2050 Agenda. Both initiatives seek to establish Senegal as a digital hub by promoting STEM skills, youth employment, and innovative entrepreneurship.
With one year remaining before its scheduled conclusion in 2026, the program has shown modest results. It has trained 2,548 young people in entrepreneurship, connected 13,554 to job opportunities, and created seven startups. This first steering committee meeting is expected to intensify action, strengthen partnerships, accelerate the program's rollout across the country, and adopt more agile mechanisms to meet its ambitious targets.
These measures are intended to maximize Force-N’s impact and reinforce Senegal’s digital transformation efforts.
Samira Njoya
More...
• Senegal launches "Jubbanti-Koom" to restore fiscal stability by taxing digital sectors like online betting, mobile money, and digital content.
• Key reforms include taxing gross gaming revenue and player winnings, expected to generate CFA 400 billion annually.
• Plan also focuses on digitizing procurement, expanding digital ID, and formalizing the informal digital economy.
In a challenging macroeconomic context, Senegal’s Prime Minister Ousmane Sonko unveiled the country’s Economic and Social Recovery Plan, a cornerstone of its Vision 2050 agenda. Named Jubbanti-Koom, the plan aims to restore fiscal sustainability while funding more inclusive development. To achieve this, the government is betting on digital technology as a strategic lever for both growth and increased public revenue.
The plan is built around several fiscal measures targeting high-growth digital segments, including online gaming, mobile money, digital advertising, video on demand, and income from influencers. The government intends to tap into these often under-regulated niches to create new fiscal space.
Regulating and Taxing Online Betting
One of the plan’s key measures is a tax on the gross gaming revenue of online sports betting and games of chance, which are primarily operated by foreign companies. The government also plans to tax player winnings. This reform is expected to generate approximately 400 billion CFA francs in annual tax revenue. It also aims to protect Senegalese consumers, especially young people, from the risks of a poorly regulated environment.
The reform includes a stronger push to digitize public procurement. This is expected to streamline public spending and improve the traceability of financial flows. Online advertising, video on demand services, and income from digital content will now be incorporated into the tax base. Another strategic focus is optimizing taxation on mobile money, which has become a key money transfer channel for millions of Senegalese.
Structural Transformation of the Digital Tax Framework
Beyond immediate measures, the plan includes a technical component to prepare the economy for the rise of new digital services. This involves accelerating digital identification, which is crucial for the reforms’ success, and deploying reliable technology infrastructure, as outlined in the Technological New Deal.
In a country where digital activities account for a significant portion of the informal economy, these measures are expected to reduce tax evasion, provide better oversight of digital actors, and create a more formal and productive ecosystem. Ultimately, Senegal hopes to turn the digital sector into a genuine engine of growth and fiscal equity.
Samira Njoya
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Many African countries still lack standardized digital address systems.
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This gap limits access to essential services, especially in rural areas.
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Governments are launching reforms to support digital inclusion and growth.
Across Africa, the absence of reliable digital address systems remains a major barrier to accessing essential services and advancing economic development. As digital economies grow rapidly, several countries are stepping up efforts to map their territories and build more connected and inclusive governance systems.
In many regions, assigning precise and standardized digital addresses to homes, businesses, and infrastructure is still a structural challenge. Without these systems, citizens face hurdles in everyday services such as package delivery, healthcare, emergency response, and administrative processes.
Large parts of rural Africa, as well as informal urban areas, remain without formal addresses. This weakens logistical networks, disrupts territorial planning, and limits delivery of basic services. For millions, not having an address means being left out of economic systems and public support.
Governments launch national reforms to modernize address systems
Several African countries have begun tackling the issue. Nigeria, for instance, launched a national program to overhaul its address system using GPS technology, mobile apps, and centralized digital databases. The project aims to improve location identification, public service delivery, and support the digital economy’s expansion.
Other countries such as Kenya, South Africa, Rwanda, and Senegal are moving in a similar direction, often through public-private partnerships focused on digitizing physical territory. In Cameroon and Guinea, governments are working with the startup FindMe to pilot digital addressing solutions, particularly to upgrade postal services and improve territorial connectivity.
This growing mobilization follows a broader international push. In 2009, the Universal Postal Union (UPU) issued a resolution urging all member states to implement national addressing systems. This prompted many African governments to see digital addresses as essential infrastructure for public policy, urban development, and digital transition.
A tool to unlock e-commerce, fintech, and modern services
Digital address systems could be a turning point for African economies. They provide a precise geographic framework that supports the rise of services in e-commerce, financial technology, transport, and healthcare.
In online retail, for example, address reliability is key to customer satisfaction. Africa’s e-commerce market is growing fast, with projected revenues surpassing $45 billion by 2028, according to Lithuanian fintech firm Nikulipe. But poor address systems make delivery more complex, expensive, and less dependable, limiting this growth.
A driver of better governance and broader inclusion
Beyond economic benefits, digital addresses also improve public governance. Local governments can plan infrastructure more effectively, manage services like waste collection or emergency response, and respond faster during health or environmental crises.
Address systems also improve access to financial and social services. Having a formal address can make it easier to open a bank account, register a business, or receive public assistance, key steps toward broader social and economic inclusion.
By upgrading their address systems, African countries are laying the foundation for lasting digital transformation. More than just a mapping tool, digital addressing is becoming a strategic asset for organizing territory, streamlining services, and building an inclusive digital economy.
In short, digital address infrastructure is not just a technical fix, it is a vital step toward better governance, deeper integration, and a more forward-looking Africa.
Samira Njoya
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Chad's ADETIC partners with Burkina Faso’s 2iE to train professionals in digital and emerging technologies.
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Agreement includes training, intern exchanges, and joint research on digital governance.
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ENASTIC signs separate protocol with 2iE to boost academic collaboration.
The Chadian Agency for the Development of Information and Communication Technologies (ADETIC) has partnered with the International Institute for Water and Environmental Engineering (2iE), a private training center in Ouagadougou, Burkina Faso. This initiative aims to train Chadian professionals in digital fields and in advanced and emerging technologies.
The framework agreement rests on three main pillars. It includes training Chadian professionals in artificial intelligence and emerging technologies, hosting Burkinabe interns within ADETIC, and developing joint applied research projects. These projects will focus on digital governance, local innovation, and sustainable development. Chad’s National School of ICT (ENASTIC) and 2iE also signed a separate collaboration protocol to facilitate academic exchanges and joint program development.
This initiative unfolds during the official visit by Chadian Minister of Telecommunications, Digital Economy and Digitalization of the Administration, Boukar Michel, to Ouagadougou. The agreement reflects a commitment to building human capital that can support public administration modernization and meet digital economy demands. By partnering with 2iE, Chad aims to accelerate the professional development of its talent, often hindered by a lack of specialized training infrastructure within the country.
This partnership comes as many African countries pursue policies to digitize public services. The success of these reforms largely depends on the availability of local technical expertise. Investing in training qualified professionals is thus a strategic priority for states like Chad, which face both a shortage of specialized human resources and increasing needs in e-government services.
Samira Njoya
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HAVAÍC’s African Innovation Fund reached \$50M after a second close with $25M from Sanlam and others.
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The fund backs high-impact African startups; recent investments include SAPay and Sportable.
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Amid weak VC recovery, HAVAÍC targets scalable tech growth across fintech, healthtech, and more.
South African venture capital firm HAVAÍC announced on Tuesday, July 29, the second close of its African Innovation Fund, which now totals $50 million. This latest phase secured an additional $25 million from Sanlam Multi-Manager and existing investors, including Fireball Capital and the SA SME Fund.
These supports are “testament to our track record for not only delivering leading returns by supporting African-born businesses, but also creating meaningful social and economic change through our investments. Together, we can continue supporting our continent’s dynamic tech entrepreneurs and grow African VC to new heights," said Ian Lessem, managing partner at HAVAÍC.
Launched in August 2024, this third fund targets post-revenue African startups that show high growth potential and measurable impact. The fund recently invested $1 million in SAPay, a South African financial technology firm that digitizes payments in the minibus taxi sector. HAVAÍC also increased its stake in Sportable, a startup developing real-time sports tracking technologies.
A Rebound in African Venture Capital That Remains Fragile
The year 2023 saw a sharp halt in funding for African startups, with a 36% decline and less than $3.2 billion raised overall, down from over $6 billion in 2022, according to Africa: The Big Deal. In 2024, amounts raised remained modest at $2.2 billion, the same sources reported.
HAVAÍC's portfolio includes 22 startups active in 183 countries, with six notable exits. These exits include the sale of RapidDeploy to Motorola Solutions in February 2025 and the merger between hearX and U.S.-based Eargo. HAVAÍC continues to pursue a strategy focused on building globally scalable African tech champions.
Beyond just funding access, the capital raised by HAVAÍC is expected to bolster the African tech ecosystem. It aims to support the scalability of innovative companies in key sectors such as financial technology, agricultural technology, health technology, and education technology. For institutional investors like Sanlam, this move seeks to capture the long-term potential of a developing market by relying on experienced local partners.
The challenge remains substantial. According to the African Private Capital Association, the continent still attracts less than 1% of global venture capital. Initiatives like HAVAÍC's Fund II therefore, act as catalysts to draw both local and international capital towards Africa's most promising companies.
Samira Njoya