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The Meltwater Entrepreneurial School of Technology (MEST) Africa and Absa Announce 20 Semi-finalists for the MEST Africa Challenge 2025

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MEST

Twenty startups have been named semi-finalists in the MEST Africa Challenge (MAC) 2025, announced today by MEST Africa (www.Meltwater.org) in partnership with Absa, highlighting the continent’s most promising ventures in FinTech and other high-value chain solutions.

Now in its 7th edition, the Challenge brings to life the theme “You Build, We Scale” — inspiring founders to transform bold ideas into scalable financial solutions across Absa’s eight priority markets: Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Uganda, and Zambia.

The selected ventures are addressing some of the continent’s most pressing financial innovation needs — spanning next-generation payments, smart credit solutions, cross-border trade, agri-fintech, and digital financial literacy.

“Each of these founders represents a unique path toward reimagining how finance works for Africans,” said Ashwin Ravichandran, Portfolio Advisor at MEST Africa and MAC Lead. “Their ideas pair technology with empathy, proving that lasting change comes from solving real problems within their own communities. We’re proud to provide a platform that connects them with investors, mentors, and global opportunities.”

As MEST Africa’s strategic partner for the 2025 edition of MAC, Absa continues to play a pivotal role in driving digital innovation in financial services and inclusion across Africa. The partnership underscores a shared commitment to empowering entrepreneurs who are redefining financial access for individuals and businesses alike.

“Congratulations to the top 20 finalists and to all applicants. The quality of submissions has been exceptional, showcasing the depth of innovation and entrepreneurial drive across Africa. These startups are not only solving real challenges; they’re building the foundation for inclusive growth and lasting impact. Our partnership with MEST and our active participation in the MEST Africa Challenge 2025 reflect our commitment to open collaboration within the FinTech ecosystem. At Absa, we see ourselves as partners in this journey, guided by a purpose to make banking simpler, more accessible, and more relevant for our customers,” says Tawanda Chatikobo, Head of Digital for Absa Regional Operations (ARO), Retail and Business Banking.

From hundreds of brilliant ideas, these 20 standout startups have emerged to advance in the MEST Africa Challenge 2025.

Botswana

  • mystock.africa – A retail investing platform giving Africans access to stocks, ETFs, and alternative assets.

Ghana

  • Brydge – A supply chain platform simplifying cross-border trade for African businesses.
  • Kutana Technologies Limited – A multi-currency payment platform powering B2B cross-border trade using stablecoins and AI-driven credit.

Kenya

  • Logistify AI – An AI platform helping SMEs and cooperatives optimize procurement and supply chains.
  • Farmsky Ventures – A digital lending and crop insurance platform boosting productivity for smallholder farmers.
  • Investa Farm – An Agri-FinTech platform offering voucher-backed loans for climate-resilient farm inputs.

Mauritius

  • Black Swan – Uses AI and alternative data to build credit scores for Africa’s unbanked population.

Mozambique

  • Simulador Bancário – A digital platform simplifying financial planning and loan simulations.

Uganda

  • Paytota – A unified payment gateway simplifying Africa’s fragmented digital payments ecosystem.
  • Xzerra – A biometric payment system enabling cashless, fingerprint-based transactions in schools.
  • Kanzu Finance Limited – A digital banking solution for Savings and Credit Cooperative Organizations, Village Savings and Loan Associations, and microfinance institutions.
  • Axiom Zorn – A data innovation company enabling access to finance and markets for smallholder farmers.
  • Credify Africa, Inc – A trade finance and logistics platform bridging Africa’s SME finance gap.
  • eMaisha Pay – A digital payments platform for agro-traders and small businesses, driving financial inclusion.

Zambia

  • Ebusaka Green Technology Limited – A FinTech-powered waste-to-value platform digitizing payments and recycling incentives.
  • KreativBox Technology – digital lending company offering salary-backed loans to civil servants.
  • Mighty Finance Solution Inc – Provides embedded digital loans to SMEs and women entrepreneurs.
  • Devdraft Ai – A cross-border payments platform for freelancers and businesses using stablecoin wallets.
  • Homer Price Agency Solutions Limited – A digital banking provider operating 550+ agents nationwide.

Seychelles

  • Fusepay – A licensed Payment Service Provider creating a digital finance hub for frontier markets.

The 20 semi-finalists will pitch virtually during the week of October 27, 2025, with only the top 10 startups advancing to the Final Demo Day in Cape Town, South Africa, on November 26, 2025. The overall winner will receive USD $50,000 in equity investment, access to MEST Africa’s global network of mentors, partners, and investors, and the opportunity to explore pilot pathways with Absa’s business units.

“Through this challenge, we’re seeing solutions that are not only innovative but strategically aligned with Africa’s evolving technology landscape. Some of these ideas have the potential to accelerate digital transformation and unlock new value for our customers,” says Tamu Dutuma, Head of Strategy and Transformation for ARO Technology.

Since 2008, MEST Africa has trained and supported over 2,000 entrepreneurs and invested in 90+ startups. The MEST Africa Challenge (MAC) is its flagship pan-African pitch competition designed to identify, support, and scale high-potential technology ventures.

For more information on MAC 2025, visit: https://apo-opa.co/48ZEm9t

Distributed by APO Group on behalf of The Meltwater Entrepreneurial School of Technology (MEST Africa).

Business

The Islamic Development Bank (IsDB) Group Successfully Concludes Private Sector Roadshow in Baku

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Islamic Development Bank

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan

BAKU, Azerbaijan, May 7, 2026/APO Group/ –The Islamic Development Bank Group (IsDB) affiliates (www.IsDB.org) – namely the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the Islamic Corporation for the Development of the Private Sector (ICD), and the International Islamic Trade Finance Corporation (ITFC) – in cooperation with the Islamic Development Bank Group Business Forum (THIQAH), organized the “IsDB Group Private Sector Roadshow” in Baku, Azerbaijan, in close collaboration with the Ministry of Economy of the Republic of Azerbaijan and the Export and Investment Promotion Agency of the Republic of Azerbaijan (AZPROMO).

 

The high-profile event which took place on Thursday, 7th May 2026, at Azerbaijan’s Ministry of Economy, came as part of ongoing preparations for the upcoming IsDB Group Annual Meetings and Private Sector Forum (PSF 2026), scheduled to take place from 16 to 19 June 2026, under the high patronage of His Excellency President Ilham Aliyev, the President of the Republic of Azerbaijan.

 

Bringing together a diverse range of stakeholders, the Forum showcased IsDB Group services, activities, and initiatives across its 57 member countries, with particular emphasis on Azerbaijan. It highlighted the Group’s ongoing support for private sector development and its efforts to stimulate promising investment and trade opportunities in the Azerbaijani market.

 

The event also served as a unique opportunity inviting the audience to participate actively in IsDB Group Annual Meetings and the Private Sector Forum (PSF 2026). The program included panel discussions and specialized workshops on ways to enhance economic partnerships and the role of IsDB Group’s institutions in supporting the needs of member countries. The spectra of services, solutions and financial tools were also presented, including lines and modes of Islamic financing, trade finance and trade development solutions, corporate private sector financing, as well as risk mitigation solutions plus investment insurance and export credit insurance services.

 

Keynote speakers, in their speeches, underlined strong commitment to deepening engagement with the private sector and fostering meaningful partnerships that drive sustainable economic growth in light of the upcoming IsDB Group Annual Meetings in Baku, all to showcase integrated solutions especially in Islamic finance, trade, investment, and risk mitigation while working closely and collectively with private sector partners to unlock new opportunities, support innovation, and empower businesses contributing to inclusive and resilient development across IsDB Group member countries.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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Business

APO Group Named South Africa’s Best Public Relations & Media Consultancy Agency of the Year, 2025 – World Business Outlook Awards

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APO Group

Recognition marks third consecutive year of major industry honours, reinforcing sustained leadership in performance-driven communications across Africa

JOHANNESBURG, South Africa, May 7, 2026/APO Group/ –APO Group (www.APO-opa.com), the pan-African communications and PR consultancy integrating advisory, execution, and proprietary news distribution, has been named Best Public Relations & Media Consultancy Agency of the Year South Africa 2025 at the World Business Outlook Awards.

This recognition affirms APO Group’s continued leadership in performance-driven communications and reflects the strength of an integrated model that delivers strategic advisory, execution, and guaranteed media visibility across Africa.

This recognition reflects the trust clients place in us to deliver communications strategies that are measurable, accountable and effective across Africa’s diverse markets

Part of the international World Business Outlook Awards programme, the award recognises organisations demonstrating excellence, innovation, and measurable impact in their respective sectors. For APO Group, it builds on a sustained record of performance, having won the same category in 2024, and scooping dual honours in 2023: Leading PR Firm Africa and Leading Pan-African Communications Consultancy Africa.

These consecutive wins reflect consistent delivery, market leadership, and growing recognition of APO Group’s differentiated approach to communications on the continent.

Operating across 54 African markets, APO Group has built an integrated communications model designed to replace fragmented approaches often associated with multi-market public relations, providing clients with the clarity, consistency, and control required to manage reputation and visibility at a continental scale.

“Our focus has always been on performance, not activity,” said Bas Wijne, Chief Executive Officer at APO Group. “This recognition reflects the trust clients place in us to deliver communications strategies that are measurable, accountable and effective across Africa’s diverse markets. It also reinforces our belief that integrated communications, when built around outcomes, can create real strategic advantage.”

APO Group’s model supports multinational companies, African institutions and development organisations seeking measurable results across complex, fast-evolving markets. By aligning advisory, execution and guaranteed visibility within a single system, the consultancy enables clients to achieve stronger narrative consistency, greater media impact and more controlled reputation outcomes.

As organisations increasingly seek communications partners capable of delivering both strategic counsel and executional certainty, APO Group continues to strengthen its position as a consultancy built for performance, designed for Africa, and trusted by organisations operating across the continent.

Distributed by APO Group on behalf of APO Group.

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Energy

InterOil’s Angola Oil & Gas (AOG) 2026 Silver Sponsorship Reflects Drive to Scale Logistics, Local Content

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Energy Capital

Integrated logistics, local workforce development and offshore execution converge as Angola’s project pipeline expands

LUANDA, Angola, May 7, 2026/APO Group/ –Angolan oilfield services provider InterOil has joined the upcoming Angola Oil & Gas (AOG) Conference and Exhibition as a Silver Sponsor, taking place September 9-10 with a pre-conference on September 8. For over 21 years, InterOil has worked alongside international operators, playing a strategic role in maintaining stable and reliable offshore activities. It’s AOG sponsorship not only demonstrates a commitment to the growth of the industry, but positions the logistics and offshore support provider at the center of Angola’s next wave of deepwater and infrastructure-led projects.

InterOil’s sponsorship reflects a core reality in Angola’s hydrocarbon market: as projects become more complex and move into deeper waters, the ability to sustain operations through integrated logistics solutions is emerging as a defining constraint. The company’s model – combining onshore coordination with offshore execution – addresses this directly, ensuring continuity across high-intensity operations where downtime carries significant financial and technical risk.

Operating in a complex offshore environment, InterOil has built its track record around reliability and operational discipline. A key reference point is the Kaombo development in Block 32, operated by TotalEnergies. Since 2014, the company has supported the project through integrated onshore and offshore logistics, sustaining operations for both the FPSO Kaombo North and FPSO Kaombo South. The development remains one of Angola’s most technically complex offshore assets, and InterOil’s role in maintaining operational continuity underscores the importance of logistics providers in stabilizing production and ensuring efficiency at scale.

This operational focus is complemented by a long-term commitment to local content development. InterOil has prioritized the recruitment, training and advancement of Angolan professionals, embedding structured capacity-building and knowledge transfer into its operating model. In a market where local participation is both a regulatory requirement and a strategic imperative, this approach supports workforce development while reinforcing operational resilience.

As Angola seeks to sustain production above one million barrels per day by expanding infrastructure, accelerating offshore projects and deepening local participation across the value chain, the role of logistics providers is becoming more strategic. AOG 2026 provides a platform where these capabilities are integrated into broader project discussions, connecting operators, service providers and investors around execution as a core pillar of project success. InterOil’s participation underscores a broader industry shift: in Angola’s next phase of growth, operational delivery will carry as much weight as resource potential.

Distributed by APO Group on behalf of Energy Capital & Power.

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